Wednesday, June 13, 2007

Infrastructure, red tape hobble Africa economies - report

(Reuters) - African economies are lagging behind their emerging market counterparts as poor infrastructure and red tape continue to hobble the continent's global competitiveness, according to a new report.

"Low access to financial services emerges as a major obstacle for African enterprises, but poor infrastructure, corruption and weak institutions also make African goods and services less competitive in the global marketplace," a statement accompanying The Africa Competitiveness Report 2007 said.


Read more at Reuters Africa

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