Jalil Mekouar: "Operators and owners have different interests, although operators might tend to say, “We have the same interest as the ... as the owners.”  But ... but there can’t be, they have their own interest and so be it.  And that’s good.  That’s healthy.  I think what’s happened ... if you look at what happened in the Middle East for example, I’ll just take it as an example, at one point it was an owners market and then it was an operators market and then an owners market again.  It really depends on the dynamics of that particular market.  So at one point the owners will be in a stronger position and they will be able to impose their rule basically, things like minimum guarantees and owners’ protections and things like that.  And at some other times the operators will be in a driving seat and a strong position and they will be able to impose their own rules to the owners.  And I think as far as I see, the stronger Africa will become as a safe destination for investment and the more it will be an owners market and i.e. owners will be able to impose their rules and say, “You operators will have to compete to go and manage my particular property.” And as the owners get more sophisticated and understand more of the needs of the operators and the investment community they will also ... and the lenders etc, they will also be able to impose their rules in a smarter way so to speak.  And then the operators will feel, you know what, it’s fair enough."

Jalil Mekouar: "If you were to look at how much investment we’re seeing and you compare that to how much investment you see somewhere else you might be disappointed.  What I like to say is, compare the potential of when you see Africa, it’s about what, 50 plus countries, 55 countries, a billion people, 1,000 languages, so much of cultural diversity and so much of opportunities there business wise as well, the growth of the population, the middle class growth etc, etc, etc.  All those indicators are fantastic, are great.  How that translates into investment opportunities is difficult to say because all that needs to be balanced with the right infrastructure, the right decisions from governments’ safety and security of the people and the capital and being able to repatriate money etc, etc.  So in that respect, Africa still has some way to go and because of that increased interest into Africa.  I think governments and people will understand and the business community will understand that they have no choice but to provide the right legal environment and transparency and the right framework to precisely capture that interest and convert that interest into investments.  So do we see increased investment?  Yes but from a fairly low base err, so percentage wise it might look great, dollar wise it might look pretty weak compared to other destinations and other emerging markets.”