Far from being hopeless, Africa is full of hope and potential, maybe more so than any other continent. The challenge is to ensure that its potential is utilised.
Mo IbrahimRead
In the final analysis, finding a way to do clean business and not to pay bribes actually improves your bottom line.
Interpretation
Engaging in honest business practices ultimately leads to greater profits.
Mo Ibrahim emphasizes that maintaining ethical standards in business, such as avoiding bribery, can lead to improved financial performance. The quote suggests that integrity and transparency not only foster trust but can also enhance a company's reputation and success in the long run.
In practice
This quote can be shared in a business ethics seminar to emphasize the importance of integrity.
Far from being hopeless, Africa is full of hope and potential, maybe more so than any other continent. The challenge is to ensure that its potential is utilised.
A narrative that branded Africa as little more than an economic, political and social basket case was not likely to provide the investment needed to drive development.
Experience shows that when political governance and economic management diverge, overall development becomes unsustainable.
There is a crisis of leadership and governance in Africa, and we must face it.
If economic progress is not translated into better quality of life and respect for citizens' rights, we will witness more Tahrir Squares in Africa.
Africa is rich, and why are we poor then if our continent is rich. It is not right.
For ecommerce, the most important thing is trust.
Your margin is my opportunity.
The central task for a business is to make a profit. The challenge is to make a profit by doing things which are genuinely good for people and good for societies.
As a company, we have to be very transparent. We are in a business very related to finance, and I want this company to last long, and I want this company to be audited by everyone.
The real challenge in crafting strategy lies in detecting subtle discontinuities that may undermine a business in the future. And for that there is no technique, no program, just a sharp mind in touch with the situation.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
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