Monday, 19 January 2004 02:00

Africa's grid a step closer to reality

POWER utility Eskom's longstanding vision of harnessing the hydroelectric potential of the Congo River moved a step closer this week with the pending signing of the intergovernmental memorandum of understanding.

South Africa, along with Egypt, Nigeria, Morocco and Tunisia, accounted for 60 percent of all direct investment inflows into Africa from 1997 to 2001, a draft World Economic Forum (WEF) report had shown.

Evian, Switzerland - The first concrete results of the New Partnership for Africa's Development (Nepad) would soon be launched in the form of projects to connect electricity networks in west and north Africa, the Nepad secretariat told the Group of Eight (G8) industrialised nations at its annual summit here yesterday.

Tuesday, 07 August 2001 03:01

Investment in Africa dips

 

A 50% DROP in foreign direct investment in Africa's main recipients SA, Angola and Morocco was the main reason for the 13% drop in foreign direct investment inflows into Africa last year, with the continent now accounting for less than 1% of global flows.

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