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d271 5.3.2

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Questions and Answers

In what way does Deepak Singhal describe what it takes to succeed in Africa?

Having only wisdom like a lion

Having only courage like a lion

Belonging to a smaller community

Having wisdom and fortitude like a lion (correct)

What is emphasized as a common trait among successful businesses on the continent, according to the text?

Avoiding partnerships with local firms

Focusing solely on international markets

Ignoring Africa's challenges completely

Seeing business opportunities within Africa's challenges (correct)

What approach did SABMiller use to have a seat at the table with senior government leaders?

Ignored government communication

Started a social media campaign against the government

Threatened the government with legal action

Positioned itself as a 'co-collector of tax' (correct)

What did Akinwumi Adesina, president of the African Development Bank, emphasize as the cost of corruption in Africa during an anti-corruption meeting in 2015?

Corruption costs approximately $150 billion per year Signup and view all the answers

What did Transparency International estimate about bribery in Africa?

75 million people paid a bribe in the past year Signup and view all the answers

How does the text suggest companies can avoid getting entangled in corruption?

By sticking to their values Signup and view all the answers

What did Ngozi Okonjo-Iweala emphasize as a critical success factor for businesses in Africa?

Building trust with the community Signup and view all the answers

How does Ngozi Okonjo-Iweala suggest companies can gain the support and protection of the community?

By participating in community development projects Signup and view all the answers

What did Mark Bowman of SABMiller highlight as essential for host countries to view a company positively?

Creating jobs and contributing to the tax base Signup and view all the answers

Why does the text mention the need for expatriates to integrate into their local communities?

To empower the local population Signup and view all the answers