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World Economic Forum on Africa: “We must attract foreign investors to Africa,” says AfDB President


African Development Bank (AfDB) President, Donald Kaberuka, and his delegation are participating in the World Economic Forum (WEF) on Africa which started on Wednesday, 5 May 2010, in Dar es-Salaam, Tanzania.

For the first time, the AfDB is the WEF’s official partner and, it is in this regard, playing an important role in the deliberations. In order to bring the institution’s development themes to the fore, Mr. Kaberuka has attended several discussion forums on the "state of investment in Africa and how to make the African market more attractive". Mr. Kaberuka was also part of a discussion panel that focused on "women and entrepreneurship in Afrique".

Meanwhile, AfDB vice president & Chief Operating Officer, Nkosana Moyo; research director, Leonce Ndikumana; and private sector director, Tim Turner, who are on the president’s delegation, had attended other meeting sessions.

Speaking during discussions on business, Mr. Kaberuka underscored 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.

Similarly, a roundtable on women entrepreneurship also took place with the chairperson of “New Faces, New Voices”, an African financial and business sector professional association, attending. Mr. Kaberuka used the occasion to draw attention to the last summit on women entrepreneurship organized by the AfDB recently in Nairobi, Kenya. Women entrepreneurship is a theme we have been discussion for a long time With Graça Machel. The AfDB will do everything in its power to continue supporting women entrepreneurship, Mr. Kaberuka said.

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