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Outages Stifle a Boom

The WSJ reports:

Unreliable power poses a major constraint on the region's economic development. Much of sub-Saharan Africa still operates largely on the margins of the global financial markets, isolating it from the economic turmoil buffeting the developed world. Booming commodity prices of the past few years, however, have made the region attractive to foreign investors. Now the electricity crisis is damping their enthusiasm.
"It's one of the biggest concerns for the business community," says Vivien Foster, the World Bank's lead economist on sustainable development in Africa

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