From: businessday.co.za

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“Hilary Benn, Britain’s international development secretary, said: “If Africa is to achieve the 7% growth necessary to meet the key Millennium Development Goals of halving the number of people in poverty by 2015, the business environment must improve.â€ÂÂ

Benn said businesses still faced numerous obstacles on the continent, including excessive regulation and corruption, as well as the perception that Africa was not a good place to do business because of security, health and infrastructure problems.

The facility is aimed at helping create more business-friendly policies, laws and regulations across Africa, and at strengthening the institutions that enable these to be administered. (more…)