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CAPITAL CORP MERCHANT BANKING REAFFIRMS COMMITMENT TO INTERNATIONAL FUNDING OF AFRICA

by gillesherard on Jun 5, 2009

Orlando, FL, USA June 5, 2009 – Capital Corp Merchant Banking, a global firm specializing in international project financing, has been involved in Project Financing within the continent of Africa for several years now. The benefits of investments in that area was again recently confirmed by the African Economic Outlook 2009 Report which found in 2008 GDP growth in Africa was 5.7% from 6.1% in 2007. This was, thus, the fifth consecutive year when growth exceeded 5.5%.

Although that economic growth is expected to slow in 2009, to 2.8% before increasing to 4.5% in 2010, Capital Corp Merchant Banking remains committed. Capital Corp Merchant Banking echos the sentiments of a March opinion-editorial by President Barack Obama in which he stated “we [have an] economic, security and moral obligation to extend a hand to countries and people who face the greatest risk. If we turn our backs on them, the suffering caused by this crisis will be enlarged…”

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