Africa's 'Cocoon' Phase: Can Private Investors and Entrepreneurs Transform the Continent?

Africa's 'Cocoon' Phase: Can Private Investors and Entrepreneurs Transform the Continent?
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In the past, business in Africa behaved like a "caterpillar" -- uninteresting, slow moving and easy to step on, says Eric Kacou, managing director of OTF Group, a U.S.-based consulting firm focused on emerging economies. Today, the continent is poised for a metamorphosis that requires a "new mindset" relying less on natural resources and more on innovation and private sector growth. At the Wharton Global Alumni Forum in Cape Town, South Africa, Kacou was among the speakers on two panels exploring the potential for new business models and "smart" capital to change Africa's economy.
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