” Africa’s share of global foreign direct investment has grown to 5.6 percent from 3.2 percent over the past five years; highlighting growing interest from foreign investors, according to Ernst & Young’s third Africa Attractiveness Survey.”
Posted on May 6, 2013 02:45 pm under Investing, Investors, Markets
VENTURES AFRICA – Africa’s share of global foreign direct investment has grown to 5.6 percent from 3.2 percent over the past five years; highlighting growing interest from foreign investors, according to Ernst & Young’s third Africa Attractiveness Survey.
According to the report, the size of the African economy has more than tripled since 2000, led by sub-Saharan Africa, which saw its output quadrupled.
Ernst & Young Africa Managing Partner Ajen Sita said: “The Africa growth story is real and projected over the next 10-20 years as even bigger.”
The company’s Africa Attractiveness survey depicts that in 2011, Africa ranked ahead of two other regions for investment, while in 2012 it ranked ahead of five — the former Soviet States, Eastern Europe, Western Europe, the Middle East and Central America.
The report also highlighted the…
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Dr. Bukar Ali USMAN, mni 