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Africa optimistic about the future as leaders convene for World Economic Forum on Africa meeting in Cape Town

31 May 2006 - Cape Town

More than half (52%) of Africans are optimistic about the future, according to a Voice of the People poll released at the start of the World Economic Forum on Africa (31 May – 2 June). Africans are more hopeful than the rest of the world (48%) that 2006 will be better than 2005.

More than 700 leaders from business, government, civil society and academia, representing more than 40 countries, are convening at the 16th World Economic Forum on Africa meeting being held in Cape Town, South Africa, under the theme “Going for Growth”. Billed as the “Davos of Africa”, four heads of state, top ministers and senior business leaders of African companies and multinationals active in Africa will review Africa’s unprecedented growth path. Participants will roll up their sleeves and get to work in the “Davos WorkSpace”, engage in live television debates as well as interactive sessions on a range of issues designed to generate action plans for the coming year.

The Gallup International survey was conducted towards the end of 2005 in 61 countries. More than 58,000 interviews were conducted and the findings are representative of the views of a sixth of the world’s population. The study included eight countries in Africa.

In Africa, Nigerians are the most optimistic (61%), closely followed by South Africans and Senegalese (both at 60%). Likewise, almost 6 in every 10 people in Guinea were optimistic (57%). The scores for the other four countries were below 50%: Gabon 47%, Morocco 37%, Cameroon 31% and Kenya 26%. Large proportions also believed that there would be little difference between 2005 and 2006 and between 2 and 3 in every 10 said that things would be worse. It was only in Cameroon where a rather large proportion of 4 in every 10 (38%) stated that they expected 2006 to be worse.

The regional economic situation and the scourge of joblessness definitely had a bearing on African views. Respondents were given a list of seven items, and asked to indicate the most important issue that global business and society face:

- The emergence of China and India

- Risks to the global economy

- The need for new mindsets and changed attitudes

- Regional identities and struggles

- How to create enough jobs in the future

- The erosion of trust in public and private institutions

- The deficit in effective leadership

It should come as no surprise that a third of Africans (34%) in the countries included thought that job creation should top this global list. Joblessness is the single most important issue hampering economic growth and wealth creation on the continent. This was followed at a wide margin by risks to the global economy (22%). However, job creation is a global concern, as worldwide 29% agreed that business and society should focus on how to create enough jobs in the future, followed by taking care of risks to the global economy at 27%.

Focusing on Africa specifically, job creation was the main concern in South Africa (out of the eight African countries) where more than half (56%) wanted global leaders to address this issue. In fact, none of the other six concerns scored more than 11% in the view of South Africans.

Later on in the interview “the most important regional challenge the world faces” was probed, and again Africans placed job creation at the top of their list. Almost half (47%) of Africans chose this issue out of a list of five; when the results of the rest of the world are added, joblessness received 54% support and citizens agreed that economic growth and job creation in poor countries warrant regional attention. The issues probed included:

- Economic growth and job creation in poor countries

- How developing countries compete in the global economy

- The political direction in Europe

- Continued instability in the Middle East

- The future of Africa and Latin America

However, Africans did not focus a lot of attention on the “outside world”: when asked about the significance of the emergence of China and India, more than a third indicated that they could not answer this question (35%). A quarter (25%) thought that the cheaper production costs in Asia would have an influence, but it is not clear whether this refers to the possibility of buying cheaper imported products or to the increased competition that cheap imports will hold for locally produced goods.

In keeping with views in the rest of the world, Africans saw rising oil prices and the demand on natural resources (28%), as well as the global economic imbalances (23%), as the most important risks to the global economy. However, they are also worried about potential disruptions such as pandemics, natural disasters or political unrest (19%). In this regard, it is important to remember that a few of the African countries included export oil.

On the other hand, the most important global challenge that the business environment must adapt to is seen – in the world as a whole and in Africa – as advances in technology. Although South Africans also see technological advances as a challenge, they thought that the business environment should focus much more on the expectations of the next generation. In Africa, this opinion was shared by Senegal.

World %

Africa %

South Africa %

Advances in technology
40
42
29

The emergence of new economic powers
21
17
15

The expectations of the next generation
21
17
38

The consequences of global democracy
11
13
9

Don't know
7
11
9
Looking forward to the World Economic Forum on Africa meeting in Cape Town, where should the focus of global business leaders be in view of the theme “Going for Growth”? In which areas do people think they can take on a more active global role? The keys seem to be involvement in global issues and investment in the future by means of education and training:
World %
Africa %

By becoming more involved in issues like poverty reduction, pandemics, etc.
32
35

By investing in more education and training in poor countries
29
25

By focusing on core operations while showing leadership as a global citizen
19
17

By greater wealth creation in the poorest parts of the world
13
16

Don't know
7
7
Although the African continent concurs broadly with global views, there are some important differences between countries:

Cameroon %

Gabon %

Guinea %

Kenya %

Morocco %

Nigeria %

South Africa %

Senegal %

By becoming more involved in issues like poverty reduction, pandemics etc.
43
39
23
45
31
34
31
40

By investing in more education and training in poor countries
32
31
30
20
24
25
37
25
By focusing on core operations while showing leadership as a global citizen
8
9
17
12
22
19
7
14

By greater wealth creation in the poorest parts of the world
13
18
24
14
19
16
17
14

Don't know
4
3
6
9
4
6
8
7
For more information contact:

Mari Harris

Director and Political Analyst

Markinor

Tel: +27 11 686 8458 / 082 380 3010

Sample detail:
Country
Sample

Type of sample

Interviewing Method

Cameroon

504

Urban Douala

Face-to-Face

Gabon

505

Urban Main Centres

Face-to-Face

Guinea

510

Urban 18+

Face-to-Face

Kenya

2005

National 18+

Face-to-Face

Morocco

500

Urban 20+

Face-to-Face

Nigeria

502

6 Regions

Face-to-Face

South Africa

1002

National

Telephone/CATI

Senegal

506

Urban Dakar

Face-to-Face
Notes to Editors:

· More information about the World Economic Forum on Africa is available
· Picture Library: For free-of-charge, print-quality photos, go to: www.pbase.com/forumweb/africa2006
· The Programme of the meeting can be downloaded at: www.weforum.org/africa/programme
· Read the Press Releases from the World Economic Forum on Africa at: www.weforum.org/pressreleases
· Read the Session Summaries of the sessions at: www.weforum.org/africasummaries2006
· For a list of Leading Participants, click here: www.weforum.org/africa/participants
· In-depth Interviews with key participants can be read here: www.weforum.org/africa/indepth
· Take an exclusive peak behind the scenes with the Video Blog from the meeting at: www.forumblog.org
· The official host broadcaster, SABC (www.sabcnews.com), provides video and audio tape playouts of all the plenary sessions
· Media Accreditation to the World Economic Forum on Africa is closed.

Photos of our events can be downloaded free of charge for journalists at http://www.swiss-image.ch/worldeconomicforum (login required).

__________________________________________



The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.

Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. (www.weforum.org)




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World Economic Forum
Tel.: +41 (0) 22 869 1212
Fax: +41 (0) 22 869 1394
E-mail: public.affairs@weforum.org




 




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