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US signs US $2 million cooperation deal with SADC

    JOHANNESBURG
    The US government and the Southern African Development Community (SADC) have signed a US $2 million cooperation agreement to promote American investment in the region, news reports said on Wednesday. According to the reports, SADC deputy executive secretary Prega Ramsamy was quoted as saying that the money would be used to fund efforts to increase investment in southern Africa, assess the impact of HIV/Aids and combat its further growth, and develop capacities to manage the environment in SADC member states. "It is disturbing to note that SADC continues to attract low levels of foreign direct investment compared with other regions of the world," Ramsamy said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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