Africa: Poor Infrastructure Scares Away Investors, Africa Told

source: allAfrica
The Citizen (Dar es Salaam)
Samuel Kamndaya
27 April 2010

Poor infrastructure is eroding Africa’s competitiveness as an investment destination.

To improve the situation, the World Association of Investment Promotion Agencies (Waipa) is calling on the continent to find a lasting solution to the problem.

In a statement obtained in Dar es Salaam, Waipa vice-president Emmanuel ole Naiko told the First Africa Regional Investment Conference in Yaoundé, Cameroon, that poorly interconnected air routes within the continent and barriers to cross-border trade were discouraging investors.

Mr ole Naiko, who doubles as the Tanzania Investment Centre executive director, also bemoaned poor connection of roads, railways and ports.

He said most of such facilities targeted Europe and the US instead of [continue reading]

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  1. obby

    you all who criticise africa may go to hell, africa is developing at very fast pace and you know that there nomore lions inthe streets!!!!






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