Thursday, 31 May 2007

Africa energy sector needs reform, funds, IMF says

(Reuters) - Africa's dilapidated energy sector urgently needs reform and fresh investment to combat chronic power shortages which undermine economic growth on the world's poorest continent, a senior IMF official said on Thursday.

The International Monetary Fund's Africa Director, Abdoulaye Bio-Tchane, told Reuters in an interview that many African countries had suffered long-term underinvestment and neglect of their power infrastructure.


Read more at Reuters Africa

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