BRICS Business Magazine English Edition No.2

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There are certain topics on which a meaningful discussion is difficult due to having been reduced by overuse to little more than a series of declarations. Among them – though unquestionably deserving a better fate – is the idea of innovative development. Of course there can be no doubt that those countries which have produced the bulk of new technology have pulled quite far ahead of the rest.  And the pessimistic medium-term scenarios which are inevitably thrust upon the public do not provide the complete picture, and in fact can even create a feeling of hopelessness.


It is our deep conviction, however, that the prospects of those lagging behind are underestimated. The transformative power of finding a new approach or new solution – not unlike the power of new technology itself – is within the grasp of all of us, regardless of which country we live in. Evidence of this can be found in the twenty-five businessmen from Africa who cast their lots with innovation – and did so in the most diverse fields. We tell their story not only because they achieved success, but because they helped break down the existing stereotypes of their continent. And this is important because a positive example makes any endeavor more productive.


Authors & Experts

Shaomin Li
Shaomin Li

Professor of International Business at Old Dominion University

Seung Ho Park
Seung Ho Park

ex-President of IEMS

Sergey Vasiliev
Sergey Vasiliev

Deputy Chairman of the Board at Vnesheconombank.

S.D. Shibulal
S.D. Shibulal

Founder and CEO of Infosys

Igor Agamirzian
Igor Agamirzian

CEO of Russian Venture Company

Kairat Kelimbetov
Kairat Kelimbetov

Deputy Prime Minister of Kazakhstan

Jim O’Neill
Jim O’Neill

Former Chairman of Goldman Sachs Asset Management

Nzube Ufodike
Nzube Ufodike

Director of Amoo Venture Capital Advisory, Co-Founder of place4BRICS

George Magnus
George Magnus

Independent consulting economist,
former Chief Economist of UBS

Sergei Katyrin
Sergei Katyrin

President of the Russian Chamber of Commerce and Industry of the Russian Federation

Lev Kuznetsov
Lev Kuznetsov

Governor of Russia’s Krasnoyarsk region

Viktor Vekselberg
Viktor Vekselberg

Founder and Chairman of the Renova Group Board of Directors

Susana Carrillo
Susana Carrillo

Senior Specialist with the World Bank, in the Capacity Development and Partnerships Unit in the Africa Region

Igor Schegolev
Igor Schegolev

Aide to the President of Russia

Official partners

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