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.

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