The financial meltdown of 2008-09 has reduced the money available to provide aid to Africa during this time of drought, economic and political uncertainty.
Euvin Naidoo gave his very optimistic speech before events on Wall Street boiled over into financial markets worldwide. The spirit of the speech remains true it is a couple of years old and the economic numbers he cited are in need of updating. Bankers say the World is leaving behind the worst of the recession and the G20 economies appear to be recovering. Africa represents many great opportunities in developing infrastructures and diversifying its 53 economies. Global Investors have gained confidence enough to allocate funds there to diversify country risks in thier portfolios.
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