Just when Africa’s luck was changing

TWO years ago, when Dubai World said it would invest $230 million in Rwandan tourism, officials here rejoiced. Among the many projects the company trumpeted were a sprawling luxury hotel on the 18-hole golf course here and an ecolodge in the Akagera National Park, a swampy grassland further northeast where herds of elephants and water buffalo roam.
A huge dam being built in Uganda represents one of the largest private foreign investments in Africa. But the global crisis is hurting other projects.
A huge dam being built in Uganda represents one of the largest private foreign investments in Africa. But the global crisis is hurting other projects.
Times Reporter