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World Business: EU Africa Summit 09/10/09

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Uploaded by on Oct 12, 2009

World Business: For years, development assistance to Africa has been a key topic at global summits most recently during the G20 in Pittsburgh. But times have changed. As the global recession cast its shadow, aid has dipped. But Africa still boasts a wealth in raw materials leading to record foreign direct investment in 2008. And its broadband infrastructure was recently boosted with the completion of a $650 million fiber optic cable. African stakeholders are increasingly working to awake the sleeping giant and the private sector role has become critical in driving change across the continent.

Reporter: Eckart Sager

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