"Africans need the tools with which they themselves will create jobs, generate income and unleash the continent's own potential," Mr. Ban Ki Moon said in a message to the two-day Africa Consultative Forum on the MDGs in the Rwandan capital, Kigali.
Liberia signs $1.6 billion palm oil deal with Veroleum, creating more than 35,000 jobs
The upgrade to B, five steps below investment grade, also reflects "improvement in Rwanda's business environment following an impressive structural reform drive," said Purvi Harlalka, an associate director in Fitch's sovereign group. "Large planned investments in physical infrastructure and continued efforts to increase competitiveness will keep growth robust and support creditworthiness."
The World Bank's investment arm on Tuesday said its investments in sub Saharan Africa rose by a third to $2.4 billion in its 2010 fiscal year and forecast further growth this year.
The rate of return on foreign investment is higher in Africa than in any other developing region. Global executives and investors must pay heed.
August 26, 2010. By Jeff Williams.
Should Africa collectively be thought of as having the same bright future as the Brazilians, Russians, Indians and Chinese in that group?
Rwanda expects its economy to grow at a rate of 7-10 percent in 2010, up from its previous forecast of 6-7 percent, on the back of a better performance in the agriculture and services sectors.
Africa's economic pulse has quickened, infusing the continent with a new commercial vibrancy. Read GDP rose 4.9 percent per year from 2000 through 2008, more than twice its pace in the 1980s and '90s/ Telecom, banking, and retail are flourishing. Construction is booming. Foreign investment is surging.
Ngozi Nkonjo-Iweala, Managing Director of the World Bank, calls for repositioning of Africa as the Fifth BRIC-A Destination - for investment, not just aid
President Johnson Sirleaf and Tony Blair launch Africa Governance Initiative in Liberia
Africa's projected collective GDP in 2020 (McKinsey Global Institute 2010)
