{"id":8251,"date":"2022-01-07T16:47:36","date_gmt":"2022-01-07T16:47:36","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated"},"modified":"2022-01-07T17:19:42","modified_gmt":"2022-01-07T17:19:42","slug":"why-africa-is-making-things-too-complicated","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated","title":{"rendered":"Why Africa is making things too complicated"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, is looking to invest in new developments.<\/p>\n

In an exclusive interview with African Business\u2019 associate editor, Tom Nevin, its CEO, Jeff Immelt, explains why African governments should envisage smaller-scale, more agile projects. Jeff Immelt is an interesting man to interview.<\/p>\n

Masses of charm and an easy affability is what you experience first, but you quickly become aware of an underlying layer of steel and that tells you what he\u2019s probably like in the boardroom or in a top-level negotiation.<\/p>\n

The good thing is that he lets you know it early and that helps the conversation along. It turns out the chief of the world\u2019s biggest infrastructure company wants more first-hand knowledge of Africa as a market and that\u2019s why he was in South Africa.<\/p>\n

His swing through the continent took in mainly Kenya, Nigeria and South Africa, the region\u2019s biggest economies, if you exclude Egypt. The continent is massively in need of infrastructure of all kinds and he wants to be sure GE is in the right place at the right time.<\/p>\n

Kenya is the East and Central Africa regional economic leader. It\u2019s getting the politics right and it is the new continental investment magnet: crime, corruption and other lawlessness is waning rapidly.<\/p>\n

The signs are all good. Things are happening for Kenya and Immelt wants his company to be there as the investment toboggan starts to gather speed. It\u2019s also a strategic and convenient gateway through which to usher the company\u2019s plans for other countries in the region.<\/p>\n

GE is not alone in choosing Kenya as a regional command post. Already big corporate names are ensconced \u2013 Nestl\u00e9, Heineken, Coca-Cola and Bharti Airtel and others are all there seeking stability, easy access to the region and a skilled workforce.<\/p>\n

\u201cWe have opened the regional office in Nairobi to serve sub-Saharan Africa because GE has identified ample opportunities to invest in, especially in infrastructure,\u201d says Immelt.<\/p>\n

\u201cWe will have adjustments throughout Africa, and we\u2019ll pay attention to each country with Nairobi as our administrative headquarters, except for South Africa, which will be managed as a separate entity.<\/p>\n

Perhaps because of a low-key profile, GE seems to be lagging in the new race for Africa. However, \u201cWe\u2019ve been here for decades,\u201d Immelt points out.<\/p>\n

\u201cWe\u2019re close to an annual $2bn in revenue so we\u2019re as big if not bigger than many of our global competitors in Africa. We want to do better. So it\u2019s not a start-up at all, it\u2019s more of an acceleration. That\u2019s what I would call it.<\/p>\n

GE homes in on infrastructure for Africa
\n\u201cWe\u2019re probably the world\u2019s biggest infrastructure company,\u201d says the GE helmsman.<\/p>\n

\u201cHealthcare, aviation, locomotives, power generation \u2013 we see all those businesses having a good fit here in Africa. From a geographic standpoint it\u2019s hard to plot a 50-country strategy, so we think about East Africa and what an alliance of five countries can mean.<\/p>\n

\u201d The same applies to South Africa with its tariff-free satellites of Swaziland, Lesotho, Botswana and Namibia market expanders. The Nigerian hub offers similar economic comforts: oil-producing countries Angola, Ghana and Nigeria are clearly big targets.<\/p>\n

\u201cWe think about maybe four big geographic clusters and then maybe five or six industries where we can establish strong positions. So that\u2019s how we think about the region.<\/p>\n

\u201d
\nGE isn\u2019t big for small reasons; for one thing it\u2019s a leader in hi-tech solutions for a plethora of industrial applications, so the question has to be asked: Is Africa ready for a company as tech-savvy as GE?
\n\u201cMy view,\u201d says Immelt, \u201cis that we don\u2019t always need new products in Africa.<\/p>\n

We need solutions that are tailored to what Africa can buy and can afford. The issue is more one of solving problems, financing, servicing projects across the industries.<\/p>\n

\u201cWe have technical solutions that fit the needs of customers in Africa. South Africa\u2019s Transnet rail company is a good example. It has to be productive and carry freight at a cost-effective rate.<\/p>\n

Locomotives they purchased from us are 25% more fuel efficient for a start, so it\u2019s not a question of selling them poor products \u2013 these are actually great products. But it\u2019s making them fit their context where fuel savings and reliability give value. That\u2019s the way I\u2019d see it here.<\/p>\n

\u201d
\nThe nuclear issue
\nSouth Africa\u2019s on-off nuclear-power facility expansion is a must-ask topic and with speculation in the air about a restart to bidding for new build, could GE be a contender this time around? \u201cWe view every nuclear opportunity on a case-by-case basis,\u201d says Immelt, not giving much away.<\/p>\n

\u201cIf someone wants boiling water technology, we\u2019re good at that, if the liability regime is right. We have a global partnership with Hitachi, our products are competitive and we\u2019ll review every bid. From an energy standpoint, we have other opportunities here \u2013 wind, coal and other technologies as well.
\nThere is a movement afoot for African governments to downsize the projects they envisage \u2013 instead of a 20,000MW power station that takes forever to plan, bankroll and build, they tend to consider a few smaller ones that are more easily attainable.<\/p>\n

Is GE happy to cooperate in and even help finance such smaller-scale projects than it is used to in the developed world?
\nImmelt says he would welcome such a development.<\/p>\n

\u201cI think governments everywhere, including Africa, make things too complicated,\u201d he observes.<\/p>\n

\u201cLet\u2019s do the easy things first, I say. Smaller energy projects are almost always better.<\/p>\n

And as a company we should be nimble enough to fit into those schemes. The notion is absolutely right. \u201d
\nAfrica is a thirsty place. Water is at a premium, and tackling such problems is a GE speciality.<\/p>\n

How specifically can GE help?
\n\u201cWe have a $2bn plus water business and what we\u2019re best at is industrial water reuse, targeting 100% of water to be reclaimed and reused.<\/p>\n

We have some great solutions that can really stretch the usage of water. It\u2019s a big need in Africa, as it is in places around the world. We believe this will be a big opportunity.<\/p>\n

\u201cWe have installed desalinisation plants around the world and they are highly customised 20-year PPAs (power purchase agreements) and very complicated.<\/p>\n

Industrial water recycling projects can be done quickly and have a high yield over time in terms of the environmental impact. \u201d
\nThe Africa region, like the rest of the world, is in slow recovery in the wake of the series of economic shocks of the past few years. In this climate business performance has slowed down as a result.<\/p>\n

Have the effects showed up on GE\u2019s order book? \u201cOur business grew pretty substantially last year,\u201d responds Immelt, \u201cand based on orders for the period, I can\u2019t see any reason why we can\u2019t grow by 15% a year for the next few years on the base of a couple of billion dollars.<\/p>\n

We have to execute well, we\u2019ve got to stay focused on key initiatives but the growth is in that order of magnitude. It\u2019s meaningful. \u201d
\nEye-watering revenue numbers
\nGE\u2019s revenue is so considerable that it\u2019s hard to get to grips with the financial numbers if you\u2019re used to African scales.<\/p>\n

The continent contributes just over 2% of the company\u2019s revenue, but that\u2019s an eye-watering $2bn and begs the question whether such small percentages are an opportunity or an obstacle.<\/p>\n

\u201cOur industrial company\u2019s revenue is about $100bn and the financial services arm contributes another $50bn,\u201d says Immelt.<\/p>\n

\u201cWith Africa at about 2% of our industrial revenue, I think that points to an opportunity. But there\u2019s a different context to consider.<\/p>\n

Africa for GE is bigger today than China was 10 years ago \u2013 and China today for GE is very big. Will Africa go on that same trajectory? Probably not, but sometimes small numbers get big fast.<\/p>\n

You need a couple of things to happen. You need an ongoing sense of stability and the mineral resource wealth to be reallocated back into infrastructure industrialisation, so you need a stream of investment into infrastructure.<\/p>\n

You need a growing middle class that values things like healthcare and social security. All will support long-term growth. Sometimes small things get big and you want to be there when that happens.<\/p>\n

\u201d
\nMaking PPPs work
\nImmelt is the original champion of market dynamics and believes that the best kind of development happens when the public and private sectors get together, the public sector supplying a secure and trustworthy enabling environment and the private sector arranging the finance, supplying the skills and doing the design and build.<\/p>\n

Africa seems tailor-made for such an arrangement. The private and public sectors each have what the other needs. But a stubborn and inherent mistrust gets in the way.<\/p>\n

Is there a future for PPPs (public-private partnerships) in getting together to make the continent work?
\n\u201cThe world I know best is infrastructure, so the examples I\u2019ll quote are based on infrastructure,\u201d says Immelt.<\/p>\n

\u201cYou need long-term value commitment.<\/p>\n

If you\u2019re going to do a PPP on a hospital or a power plant, someone\u2019s going to have to sign up for a 20-year commitment so you\u2019re going to need politicians who can sign up for that period, or a country in which the contract survives regime changes.<\/p>\n

I would say that for GE to do a PPP in South Africa without a local South African private sector partner would be insane. \u201d
\nIn his view, PPPs are three-way deals, not two-way deals \u2013 invariably complicated with legal and long-term requirements and someone has to take the risk on market movements.<\/p>\n

\u201cI remember in one of my previous visits there were blackouts,\u201d he recalls.<\/p>\n

\u201cAnd one of the issues was that the power utility Eskom couldn\u2019t raise its rates because the government wanted subsidised low-cost electricity. No-one\u2019s going to finance a power plant when you\u2019re forced to charge less than your cost.<\/p>\n

But PPPs are an important part of the development mix and the advantage of a company like GE is that most of us have been around for 30 years, and it is highly likely that whoever takes our place someday is not going to break the deal, and will live up to whatever arrangement we put in place.<\/p>\n

\u201cCompanies like ours are long-term players and we like to have PPPs. They\u2019re really hard but they have to be part of the solution.<\/p>\n

Governments don\u2019t have the money to finance the infrastructure build but there is third-party capital that can solve these problems. \u201cAnd there\u2019s plenty of cheap capital around looking for a home.<\/p>\n

If the US 10-year Treasury is 1.9% and you can finance a 20-year infrastructure project that has a long-term purchase price agreement earning 4% to 6%, that\u2019s a pretty good trade.<\/p>\n

If you have a big corporate guarantee or a sovereign guarantee, you will find capital for projects like that. \u201d
\nA company like GE going into a PPP would attract a lot of confidence for the project, from both sides.<\/p>\n

Immelt agrees and takes the view that his company doesn\u2019t have to be a majority shareholder. \u201cWe can hold as little as 10% of the project. Our partners trust our underwriting and our technical capabilities. That\u2019s the way we play \u2013 not concentrated but with many PPP bets over the region.<\/p>\n

When asked if GE\u2019s contemplating anything of the kind in Africa right now, Immelt\u2019s response is an enthusiastic, \u201cA bunch! From healthcare to railway\u201d, and he expands, \u201cWe don\u2019t want to be a railway concessionaire or a hospital operator, but we might have a small equity stake and sell in our equipment.<\/p>\n

PPPs are essential in Africa. The challenge in Africa isn\u2019t technical, it\u2019s business. We\u2019ll sell the same wind turbine in South Africa as we would in Europe or the US, or a similar version.<\/p>\n

What\u2019s different in Africa is the way the project is financed, the kind of equity you have to have and things like that. \u201d
\nImmelt considers GE a good teacher, completing projects and leaving behind people who have learned life-changing skills on the job.<\/p>\n

\u201cI think that\u2019s a big deal,\u201d he says.<\/p>\n

\u201cFor decades we have worked with our customers to train them around the productive use of our assets, and we are very good at that, maybe as good or better as anyone in the world.<\/p>\n

When you go country by country where there\u2019s 30% unemployment, you see the massive need for training. One of the things we might look at with partnerships are ways to transfer our technical capability even outside the footprint of our products.<\/p>\n

Asked where GE would most like to be in Africa, both sectorially and geographically, Immelt selects off-grid power generation.<\/p>\n

\u201cIt\u2019s something huge in Africa because so few people here have access to electricity. But that\u2019s also true for developed parts of the world where the grids themselves have been underutilised.<\/p>\n

So I see a big application for distributed energy whether it\u2019s solar, wind, gas or diesel engines. \u201cBringing automation technology and environmental technology to mining is another.<\/p>\n

We\u2019re seeing some interesting new technical avenues to improve reduced emissions and to improve safety. One of the things we try to do in India that is applicable to Africa is hi-tech healthcare products at lower price points.<\/p>\n

The fact that the CEO of the world\u2019s largest infrastructure company has been spending time in Africa is itself significant. Could this be the start of Africa\u2019s much-needed infrastructure renaissance?<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, is looking to invest in new developments. In an exclusive interview with African Business\u2019 associate editor, Tom Nevin, its CEO, Jeff Immelt, explains why African governments should envisage smaller-scale, more agile projects. Jeff […]<\/p>\n","protected":false},"author":84,"featured_media":8250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,8,16],"tags":[242,233,246,245],"class_list":["post-8251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-homepage-english","category-twitter","tag-africa","tag-africa-press","tag-africa-press-lesotho","tag-lesotho"],"yoast_head":"\nWhy Africa is making things too complicated - Lesotho<\/title>\n<meta name=\"description\" content=\"With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Africa is making things too complicated\" \/>\n<meta property=\"og:description\" content=\"With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-07T16:47:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-07T17:19:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"612\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Why Africa is making things too complicated\",\"datePublished\":\"2022-01-07T16:47:36+00:00\",\"dateModified\":\"2022-01-07T17:19:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated\"},\"wordCount\":2318,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg\",\"keywords\":[\"Africa\",\"Africa Press\",\"Africa Press-Lesotho\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated\",\"name\":\"Why Africa is making things too complicated - Lesotho\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg\",\"datePublished\":\"2022-01-07T16:47:36+00:00\",\"dateModified\":\"2022-01-07T17:19:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg\",\"width\":612,\"height\":330,\"caption\":\"Why Africa is making things too complicated\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/lesotho\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Africa is making things too complicated\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/\",\"name\":\"Lesotho\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why Africa is making things too complicated - Lesotho","description":"With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated","og_locale":"en_US","og_type":"article","og_title":"Why Africa is making things too complicated","og_description":"With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, ...","og_url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated","og_site_name":"Lesotho","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-01-07T16:47:36+00:00","article_modified_time":"2022-01-07T17:19:42+00:00","og_image":[{"width":612,"height":330,"url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Why Africa is making things too complicated","datePublished":"2022-01-07T16:47:36+00:00","dateModified":"2022-01-07T17:19:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated"},"wordCount":2318,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg","keywords":["Africa","Africa Press","Africa Press-Lesotho","Lesotho"],"articleSection":["all news","economy","files","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated","url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated","name":"Why Africa is making things too complicated - Lesotho","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg","datePublished":"2022-01-07T16:47:36+00:00","dateModified":"2022-01-07T17:19:42+00:00","author":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"With economic growth across Africa set to rise to five percent in 2016, the world\u2019s largest infrastructure company, GE, ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#primaryimage","url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg","contentUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61d876154ee94.jpg","width":612,"height":330,"caption":"Why Africa is making things too complicated"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/why-africa-is-making-things-too-complicated#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/lesotho\/"},{"@type":"ListItem","position":2,"name":"Why Africa is making things too complicated"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/lesotho\/#website","url":"https:\/\/www.africa-press.net\/lesotho\/","name":"Lesotho","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/8251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/comments?post=8251"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/8251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media\/8250"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media?parent=8251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/categories?post=8251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/tags?post=8251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}