Africa seeks money for AIST



 

The Punch, Monday, January 10, 2005

Africa seeks N665bn to train 5,000 engineers, scientists

Oluyinka Akintunde and Tobi Soniyi, Abuja

Finance Ministers and the business community in the sub-Saharan Africa are to
raise $5 billion (N665 billion) for the establishment of four African Institutes
of Science and Technology.

A significant amount of the funds for the establishment of the institutes is
expected to be raised in Abuja, Nigeria on January 31, 2005, where African
finance ministers representing their countries, the business community and
international donors are expected to gather.

The AIST, which is the first major initiative of the Nelson Mandela Foundation
for Knowledge Building and Advancement of Science and Technology in sub-Saharan
Africa, is to be established as a worl-class institution to produce outstanding
scientists and engineers annually to accelerate the development of the region.

Addressing newsmen on the Foundation and the AIST initiative on Friday in Abuja,
the World Bank Institute

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