‘Africa exports its savings and imports expensive capital’ – Sir Sam Jonah

Ghanaian business leader Sir Sam Jonah has challenged African institutional investors to put more of their capital to work on the continent, warning that Africa is caught in a cycle of exporting its savings while borrowing expensive capital from abroad.

Sir Sam Jonah further urged African investors to embrace patient capital and take positions in promising businesses before risks were completely eliminated.

Using an analogy, Sir Sam Jonah said investors were more likely to commit funds when they saw African investors and institutions taking risks in their own markets.