Johannesburg - The Internet market in Africa doubled from 2.5m users to 5m last year, while the South African market grew by close on 80%.

Worsening conditions have been reported in one in 12 African countries, Parliament hears

A 50% DROP in foreign direct investment in Africa's main recipients SA, Angola and Morocco was the main reason for the 13% drop in foreign direct investment inflows into Africa last year, with the continent now accounting for less than 1% of global flows.

Developed countries and multilateral financial institutions may be asked to contribute to the establishment of an insurance scheme to encourage private investments in Africa.

Although the privatisation of State enterprises in sub Saharan Africa has been largely successful.

South Africa's increased growth this year hinges on SA's economic recovery, which is moving at a slow pace.