African firms must go big to make economy great, says Oxford prof

British economist and director of economics at the University of Oxford Sir Paul Collier said economies on the African continent needed larger firms, secure property rights and proper planning on all spheres of government if nations in the region hoped to achieve "miracle" growth and development at an individual and collective level.

Collier was speaking during a virtual webinar on Wednesday evening titled "Capitalism and the poor: Why Africa needs more firms". The webinar was organised by the Centre for Development and Enterprise.