South Africa hosts 'African Davos' Forum

(AGI) Cape Town, June 3 - South Africa opened on Wednesday the25th World Economic Forum on Africa, the annual meeting of theDavos organisation for African countries. More than 1,000businessmen, about 100 politicians and representatives of 83African companies are due to attend the meeting in Cape Town.Organisers said this would be a record. A report by propertymanagement conmpany JLL in London said: "In the last 15 years,the African economy recorded a growth rate 3 points higher thanglobal GDP." Mozambique, Zambia and Ethiopia had very highgrowth rates, due to investments in different countries.

(AGI) Cape Town, June 3 - South Africa opened on Wednesday the25th World Economic Forum on Africa, the annual meeting of theDavos organisation for African countries. More than 1,000businessmen, about 100 politicians and representatives of 83African companies are due to attend the meeting in Cape Town.Organisers said this would be a record. A report by propertymanagement conmpany JLL in London said: "In the last 15 years,the African economy recorded a growth rate 3 points higher thanglobal GDP." Mozambique, Zambia and Ethiopia had very highgrowth rates, due to investments in different countries. Thereport said these investments now include services andinfrastructure as well as energy and oil. The forum will alsodeal with immigration and the fight against terrorism. Africais evolving and full of contradictions. Oxfam ExecutiveDirector Winnie Byanyima said during the forum's Q&A session:"For Africa, the World Bank recently found that the 10 richestpeople here own the same as the poorest half of the continent.Africa can only deliver inclusive growth and sustainabledevelopment if, for example, tax evasion and avoidance arereduced and unhealthy tax competition stopped." Forumparticipants are invited to a welcome dinner on Thursday night,hosted by South African President Jacob Zuma. Among the guestsare former UK Prime Minister Gordon Brown, Archbishop DesmondTutu and Ghana's Vice President Kwesi Bekoe Amissah-Arthur, whowill hold a session with businessmen interested in investing inAfrica. (AGI). .