African private sector development stalled by lack of power and red tape

The development of the private sector in African countries is being held up by the unreliability of the power supply and too many regulations.

Africa's Private Sector

Those are the findings of economist Dr Vijaya Ramachandran. In a book she co-authored called “Africa’s Private Sector: What’s wrong with the business environment and what to do about it”, she explains how the private sector is failing to contribute to economic growth in Africa.

Dr Ramachandran explained to the International Monetary Fund’s Hyun-Sung Khang, why the private sector – which in this context generally means manufacturing – is so critical for Africa’s economic take-off.

Duration: 2’49″

Source: IMF

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