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Libyan leader appeals for Arab nations to invest in Africa

 
Haile Menelik
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10/12/2010 09:04 PM
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Libyan leader appeals for Arab nations to invest in Africa
Libyan leader appeals for Arab nations to invest in Africa, help fight poverty on continent

October 10, 2010 - 08:10

The Associated Press

SIRTE, Libya - Libyan leader Moammar Gadhafi urged wealthy Arab nations Sunday to invest in Africa, including through joint ventures in large-scale infrastructure projects, to help lift up poorer countries on the continent.

Gadhafi made the appeal at the first African-Arab summit in more than 30 years, which he hosted in the Libyan city of Sirte.

Continued Below

"I will encourage capitalism in Africa and I encourage the Arab nations to invest their money in African nations," Gadhafi said.

Food security and water resources topped the agenda, as the 66 leaders discussed ways to fight poverty in the region as well as joint ventures in dam building and irrigation systems.

The Arab and African nations last met in 1977 in Cairo.

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Haile Menelik  (OP)

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10/13/2010 07:19 AM
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Re: Libyan leader appeals for Arab nations to invest in Africa
hf
Marcus 11: 22 And Jesus answering saith unto them, Have faith in God.





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