Financiers pledge US$1 billion for Africa infrastructure

Western nations and lending agencies have agreed a US$1 billion financing package to improve infrastructure in Africa, the British government said in a statement this morning.
Reuters reports the funds were agreed ahead of a southern and central Africa investment conference in the Zambian capital Lusaka, where leaders of countries in the region are seeking fund to invest in a plan meant to expand transport links and trade between.
Britain says it will separately provide £100 million to transform the region`s infrastructure so as to increase trade and mitigate the effects of the global financial crisis.