Mozambique: Chairman of ADB defends China’s presence in Africa

16 May 2008

Mozambique, Maputo, 16 May – The chairman of the African Development Bank (ADB), Donald Kaberuka, Wednesday in Maputo defended China’s presence in Africa, as a way of this country also contributing to the continent’s development.

Kaberuka, who headed up the ADB’s annual meeting in Maputo, made the statements at the end of an audience with Mozambican president, Armando Guebuza.

China has been investing heavily in Africa, but some sectors have said that the country is only interested in the continent to use its resources.

Kaberuka also spoke of teh current food and fuel crisis affecting the world and called for urgent measures to be adopted by African countries in particular to solve the problem.

“We have to act now,” the ADB chairman said noting that “Africa has to look carefully at aspects related to productivity.”

“The solution is to invest further in infrastructure, because that will allow for better irrigation, Keberuka said.

The Mozambican president also mentioned hunger and the food and fuel crisis affecting some of the world’s nations.

“As well as international prices of fuel that have been successively increasing, we are now dealing with a rise in cereal prices,” Guebuza said. (macauhub)