(Ecofin Agency) - During a café rencontre organized by Business Report, the American businessman Harold Doley Junior revealed that a consortium of international investors led by his organization pland to invest $1 billion in South Africa.

“I am a firm believer that Africa can, and will, fulfil its potential for growth and create opportunities, especially for young people. It is with this in mind, and after many decades of involvement with Africa, that I am leading a group of notable international investors, who are all committed to African growth and prosperity,” he said.

Targeted sectors under the initiative are those of technology, education and agriculture, in priority. Expressing himself after a speech on the half-implementation of the South African government’s budget, Doley Junior added that his commitment and that of his  partners would help support South Africa’s public finances, as they will be a major source of tax revenues.

Harlod Doley Junior has a good knowledge of African economies and their business environments. Currently, he is at the head of Doley Securities, an investment that he created, but before that he supported many African countries in establishing financial markets and regulatory structures. He was a US administrator at the African Development Bank and also one of their founders of the US-Africa chamber of commerce.

Idriss Linge