Nigeria, Sept. 25 -- Th United States Consul General in Lagos, Rick Swart, has said that Africa's democratic stability and long-term prosperity depend on a vibrant private sector.

Mr Swart urged the governments to create fair business environments that encourage innovation, job creation, and accountability.

He spoke on Wednesday in Lagos while delivering the keynote address at the launch of the Africa Hub of the Centre for International Private Enterprise (CIPE). It was themed "Catalysing Private Sector-Led Growth for Democratic Stability in Africa."

"This launch is a regional milestone. It demonstrates CIPE's enduring commitment to strengthening democracy led by private sector reforms that build fair business environments and create j...