African business leaders back UK plan

African business leaders have said they are "ready and willing" to help fulfill the goals of Britain's proposed rescue plan for Africa.

    African business leaders say more needs to be done

    "African businesses are ready and willing to take up the challenge," said AngloGold Ashanti president Sam Jonah speaking at the opening on Wednesday of the three-day meeting of the World Economic Forum for Africa attended by 650 delegates from 40 countries.

    "The 21st century does really offer a unique opportunity for Africa to initiate the right economic policies which will ensure the lift-off of this continent to meet the millennium development goals," said Jonah.

    Endorsement

    "Yes, we are ready to do business in Africa and the opportunity is golden... we will extract it very carefully," he said.

    Delegates at the World Economic Forum are expected to endorse the Commission for Africa report calling for an injection of an extra $25 billion in aid annually while providing 100% debt relief and breaking down trade barriers.

    The Commission for Africa report is to be discussed at the Group of Eight summit in Gleneagles, Scotland between 6 and 8 July.

    SOURCE: AFP


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The Coming War on China

    The Coming War on China

    Journalist John Pilger on how the world's greatest military power, the US, may well be on the road to war with China.