Gadhafi tells rich Arab nations to invest in Africa

SIRTE, Libya — Libyan leader Moammar Gadhafi urged wealthy Arab nations Sunday to invest in Africa, including through joint ventures in large-scale infrastructure projects, to help lift up poorer countries on the continent, reported the Associated Press.
Gadhafi made the appeal at the African-Arab summit which he hosted in the Libyan city of Sirte.
"I will encourage capitalism in Africa and I encourage the Arab nations to invest their money in African nations," Gadhafi said.
Sunday's summit followed an emergency Arab League meeting in Sirte a day earlier in which Palestinian President Mahmoud Abbas sought Arab support in troubled peace talks with Israel.