African Growth, Jobs Hinge on More Savings, Ecobank Boss Says

Africa needs to mobilize more domestic savings to invest in economic growth to meet the continent’s urgent need for jobs, said Ecobank Transnational Inc. Chief Executive Officer Jeremy Awori.

“We have to create this environment where we invest in Africa ourselves, before we start thinking elsewhere,” Awori told the inaugural Bloomberg Africa Business Summit in Johannesburg on Tuesday. “We have young populations and if we do not create growth and we do not create jobs, we do not create livelihoods, they will take matters into their own hands.”