African Development Bank President Donald Kaberuka said that Africa needs to attract foreign investors. It was also crucial for the region to create domestic businesses, which may compete with major multinational institutions, Kaberuka said during the World Economic Forum on Africa in Dar es Salaam. Africa loses between USD200 billion and USD400 billion each year due to capital flight as investors perceive that the region is too risky to invest in, according to The Ethiopian Journal.

Tanzania deported several AIDS activists and canceled a demonstration by AIDS activists during the World Economic Forum. None of the activists were charged. Tanzanian President Jakaya Kiwete canceled all demonstrations this week due to a planned national workers’ union strike, according to the Ethiopian Review.

The Tanzanian government is positive that newly crafted public-private partnership policies will boost private-sector participation in infrastructure projects. The PPP policy, which will be accompanied by legislative reforms, will create framework, mechanisms, rules of engagement and models in tapping private-sector support for infrastructure projects.

U.N. Development Program chief Helen Clark discussed with Tanzania’s Minister of Foreign Affairs and International Cooperation Bernard Kamillius Membe UNDP’s support for the nation’s election, covering voter registration and civic education during her four-day visit to the African nation. Clark also met with President Kikwete to discuss the nation’s progress in achieving Millennium Development Goals, particularly primary education and the representation of women in decision-making.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.