WEF: African Countries with Access to Capital Markets Should Tap Them for the Development of Infrastructure, says Donald Kaberuka

07/05/2010
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The World Economic Forum (WEF) on Africa ended on Friday, 7 May 2010, in Dar-es-Salaam, Tanzania, after three days of deliberations on how leaders and policy-makers should deal with challenges posed by the global economic crisis and how to use the crisis as an opportunity to design a sustainable road map for the continent’s development.

On the sidelines of the forum, African Development Bank (AfDB) President, Donald Kaberuka, said during an interview on Thursday with Reuters that “African countries with access to capital markets should tap them for the development of infrastructure,” adding that “they had to ensure they had good debt management to avoid problems.”

Mr. Kaberuka, who is leading an important delegation including AfDB Vice President & COO, Nkosana Moyo, had earlier stressed during a business discussion that “we must attract foreign investors to Africa,” adding that it was “also important for the continent to create its own world-class businesses which will, one day, compete with major multinational institutions”.