Panelists pin point challenges to African Investment

Addis Ababa, May 10, 2012 (WIC) -  Panelists at 22nd World Economic Forum, pin pointed major challenged to investment in Africa.

According to the panel discussion, despite the good opportunity for investment and the fast growing economy in Africa, there are some major challenges that need to be addressed.

“Lack of vibrant capital, finance for entrepreneurship, political instability and lack of information are identified as major challenges to Africa’s investment,” the panelists pin pointed.

According to the panelists, Africa’s development in  the past ten years was encouraging, which  is recognized by  any part but still critical issues in  investment need to be addressed.

The panelists also underlined that currents Africa not only leads as a potential destination for the world economic, but also the rest of the world depends on the continent.

Despite  also  these challenges, the economic integration in Eastern Africa, the growing ICT in the continent, and the efforts of states to attract more capital are considered as encouraging performances. .