Politics
Africa Economic Outlook Still Positive Despite Rising Conflict
On the investment front, foreign direct investment into African economies is expected to hit a record $80 billion this year, lifted by Chinese and emerging markets investors strong interest in African assets. The report said that despite increase presence of Chinese investment on the continent, the U.S., U.K. and France still held the biggest stock totaling over $178.2 billion in Africa investments as of the latest available data from 2012.
The so-called Brics countries -Brazil, Russia India, China and South Africa- collectively held investments worth $67.7 billion of which $27.7 billion were Chinese. The Africa Economic Outlook report said “External financial flows have quadrupled since 2000 and are projected to reach over USD 200 billion in 2014.”
Source: AFK Insider
