DEVELOPMENT-AFRICA: Why The Richest Continent Is Also The Poorest

By Miriam Mannak

ACCRA, Sep 5 (IPS) - The ecological impact of natural resource exploitation on the lives of the poor in Africa and other regions is not being addressed sufficiently in aid effectiveness and development discussions, aid experts say.

"Africa is known as one of the richest parts of the world when it comes to natural resources, yet it is also the poorest region -- despite the natural wealth and the aid flow," said Charles Mutasa, executive director of the African Forum and Network on Debt and Development (AFRODAD) – a Zimbabwe-based NGO working on Africa's debt problem.

http://ipsnews.net/news.asp?idnews=43808

The AfDB and Infrastructure Development in Africa: Achievements, Challenges, and New Investment Opportunities

African Development Bank (Tunis)

SPONSOR WIRE
18 February 2008
Posted to the web 18 February 2008

The African Development Bank (AfDB) has been a major force in private and public sector infrastructure development in Africa through the provision of financial and technical resources. , infrastructure development is among the priority sectors outlined in the Bank's Private Sector Development Strategy along with creating an enabling environment, financing systems, and promoting trade. According to the Bank's Strategic Plan 2003-2007, lack of adequate social and economic infrastructure is one of the key constraints to short- and medium-term poverty reduction in Africa

http://allafrica.com/stories/200802181108.html