Africa still struggles to attract foreign investment

By bne IntelliNews October 4, 2010
Africa still struggles toattract foreign investment although economic growth is expected to average 6%in 2011. WB African chief economist Stantanyanan Devarajan said infrastructureand educational deficits are deterrents and neither result from lack ofcapital. He said greater cooperation and integration rather than trade couldrelieve some of the infrastructural challenges. He also said a WB study showsthat 50% of grade three graduates cannot write a complete sentence in theirmother tongue, teachers were only at school 80% of the time and only 18% ofthose present were actually teaching pupils.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335