Speaking at the 15th annual Wharton Africa Business Forum, Euvin Naidoo – the president and CEO of the South African Chamber of Commerce in America speaks eloquently and passionately about the need for western investment in Africa.

His keynote speech titled “The base of the pyramid is the bottom — the millions who are underserved” is profiled on Wharton online business journal (Knowledge@Wharton).

“With the world pushing for alternative sources of energy such as windmills or geothermal power, it will be easier to develop and implement these new technologies from scratch in Africa than to impose them on the entrenched power grid in the West…
Indeed, the Harvard Business School-trained South African said that adopting this glass-half-full, optimistic approach suggests there are numerous opportunities for new technologies to flourish among 900 million Africans who have steadily lagged behind the rest of the developed world so far.”

Hat tip: Nubian Cheetah

Read the full text on Knowlege@Wharton.

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