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Blair: Investors must help improve African infrastructure - As it happened

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10 Feb 2015

Fin24's Matthew le Cordeur filed this report from the Mining Indaba:

10 Feb 2015

Blair: I am off to the East Coast of Africa now. I get a huge sense of joy and optimism whenever I am in Africa.  

10 Feb 2015

When Harold McMillan made his Winds of Change speech, Blair's dad was teaching in Sierra Leone.

10 Feb 2015

Blair sidesteps getting into UK politics: There are two great alliance of the UK - the US and the EU. Those are the two pillars that you can build all sorts of new relationships. It is important to realise that those alliances are the most determined when there is a crisis. It is important for the UK to play for the full part in these alliances.

10 Feb 2015

Blair: With regard to Ukraine - I am not saying Europe has handled this well. Let's hope Minsk can come to a solution, but the people of Ukraine must make their own mind up.

10 Feb 2015

Blair: I believe this is the single biggest security challenge of our time. We need the force capacity to get this out and we need to improve education systems that encourage this. The only world worth living in is one where everyone has equal rights and respect for all.

10 Feb 2015

Blair: The issue of extremism and radical Islamism is a big challenge in Africa.

10 Feb 2015

“With Eskom as our foundation customer, we will be able to put in place the infrastructure required to unlock the basin. There will be a 400 km pipeline connecting our field directly into the market and Ankerlig and into Saldanha,” said Sunbird managing director Will Barker.
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10 Feb 2015

Blair: How to make change work is a very difficult thing to achieve.

10 Feb 2015

Blair: Try and help communities that you are investing in.

10 Feb 2015

Blair: There are two types of unions. The service unions, who they realise the conflict at local level but understand the higher level of what is happening. Then you have politicised unions, which can be problematic. It is very important when dealing with industries that have a history of exploitation – they need to improve conditions. There needs to be a sense of partnerships. When politics comes in, it does become very hard.

10 Feb 2015

Aleg Hogg on Ngoako Ramatlhodi's presence at the Mining Indaba: SA mining needs all the help it can get
FULL STORY:

10 Feb 2015

Aleg Hogg on Ngoako Ramatlhodi's presence at the Mining Indaba: SA mining needs all the help it can get
FULL STORY:

10 Feb 2015

Blair: Some of the biggest trade barriers in Africa are between African countries.

10 Feb 2015

Blair: Take steps that should have been taken long ago and that can now be seen quite visibly, to get your country back on your feet.

10 Feb 2015

Blair: (Lessons from ebola) They can now look at what they can do as various countries working together.

10 Feb 2015

Blair: The response to ebola was too slow and investors were scared off. It seems to be improving now but there is a lot of work. In this crisis, there is a real opportunity. I have seem those governments effectively (slowly at start and with outside help). I say, take that lesson for when normal times return, like your health system.

10 Feb 2015

Blair: The response to ebola was too slow and investors were scared off. It seems to be improving now but there is a lot of work. In this crisis, there is a real opportunity. I have seem those governments effectively (slowly at start and with outside help). I say, take that lesson for when normal times return, like your health system.

10 Feb 2015

Blair: Transportation and logistics will get interesting in Africa.

10 Feb 2015

Blair: African governments today look for options. They look to Brazil, the UK, China - they want a range of options. It is important to diversify economically so you are not subjected to a fall off in say China. Then your own economy gets depressed.

10 Feb 2015

Blair: Energy is vital in Africa. It is as important as defenses in a country.

10 Feb 2015

Blair: To get the best investors in, governments should get investors together to co-operate. The best spirit to do things is through co-operation, trust and relationships.

10 Feb 2015

Blair: To get the best investors in, governments should get investors together to co-operate. The best spirit to do things is through co-operation, trust and relationships.

10 Feb 2015

Blair: Government and business need a deeper relations to work completed things out and to build relationships so when they go into a meeting for a deal, there is trust. It is worth spending money. It is worth negotiating with the best people alongside you.

10 Feb 2015

Mineral Resources Minister Ngoako Ramatlhodi  earlier told delegates at the Mining Indaba that South Africa offers a stable mining environment for investors as well as respect for the law.
FULL STORY:

10 Feb 2015

Visit Fin24's Mining Indaba Special:

10 Feb 2015

Blair: Education is enormously important. I plead with governments in Africa. They ask me when they will get an education system like the one in UK. There is a revolutionary way of using technology to educate. I would use private/public partnerships. I would draw from all the innovations from around the world. Even for low-income families

10 Feb 2015

Blair: Whatever challenges such as ebola and extremism, if you take the continent as a whole and compare it to 20 years ago, the progress is enormous. Investment in long term, so the fluctuations in the commodity prices and the market, Africa is a great place to invest. I never regret the interest I have taken in Africa.

10 Feb 2015

Blair: I see countries get on their feet and slowly and surely move forward.

10 Feb 2015

Blair: Whatever challenges such as ebola and extremism, if you take the continent as a whole and compare it to 20 years ago, the progress is enormous. Investment in long term, so the fluctuations in the commodity prices and the market, Africa is a great place to invest. I never regret the interest I have taken in Africa.

10 Feb 2015

Blair: Africa will change enormously in the next decade.

10 Feb 2015

Blair: Large companies looking to invest. There are examples in Africa of what works and what doesn’t. The challenge is to put systems in government to implement and get things done.

10 Feb 2015

Blair: My party had been out of 10 Downing street for 18 years. When you win an election you go into Downing street the next day and the predecessor walks out the back door, just as the new PM walks in. I remember when I walked in on my first day. The staff applauded the former PM. When I walked in. the staff were weeping. I was feeling guilty about the whole thing. I went into the cabinet room. The chief civil servant – a very grand person – said to me and a very British way. “Well done. Now what?” That’s the great issue of governance. You can be a great communicator, which gets you the job, but once in power, you’re a CEO and need to run a business.

10 Feb 2015

Blair: 5. Business environment. Quality of government – its effectiveness to get things done is a vital importance to a successful investment playing field.

10 Feb 2015

Blair: 4. Taxation. Paying taxes is important and the predictability of the taxation system is important. They will deter investment if there is no predictability.

10 Feb 2015

Blair: 3. Transparency is key in investments. Corruption needs routed out.

10 Feb 2015

Blair: 2. There needs to be benefit for local investors. Governments need to boost productivity with local businesses through education and other means.

10 Feb 2015

Blair: For a developing country today, access to electricity is the main fundamentals for success for the country to be connected to the world.

10 Feb 2015

1. Where people are making investments in mining, they will look beyond investment to infrastructure like roads and power. The government will want to see the partnership dealing with the right issues for its people.

10 Feb 2015

Blair: Five principles that govern these relationships in terms of investors and countries:

10 Feb 2015

Blair: African countries have also resolved to solve some of their own issues.
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