THE World Bank’s private sector lending arm is investing more than R 2bn in sub-Saharan Africa in the 2009-10 fiscal year as investment opportunities improve, the lender’s head said yesterday. Last year, the bank invested R1,8bn in sub- Saharan Africa according to the report in the Business Day.
The corporation provides loans, equity and advisory services in emerging markets and also looks to draw in investment from institution s and sovereign wealth funds.
The World Bank forecasts growth this year of 2,5% for Africa and 4,1% for sub-Saharan Africa with Angola and Rwanda as post-conflict countries that could see 7% growth this year. Emerging markets have led the rally out of the global economic crisis, with benchmark emerging stocks gaining 74% last year.
http://www.businessday.co.za/articles/Content.aspx?id=92960. www.directinvestment.biz
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment