Hamish Banics, the spokesman of Legatum Group, said his African telecommunication institution awarded the owners of businesses in Egypt. He said that it is also looking for the Egyptian who is willing to contribute to Africa's prosperity. Banics added that Egypt should focus on small enterprises as they have an important role in developing the economy. Banics said they will announce the winners of the 2011 African awards in December 2011. He said that in addition to unemployment and budget deficit, corruption and bureaucracy are the main obstacles to prosperity and development. Banics said there are many sources that confirmed that the governance index is low in Egypt due to the lack of confidence amongst Egyptians. He said he obtained his information from Egyptian economic statements.
