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Archive for May 6th, 2013

Africa Attractiveness Survey: Africa’s Share of Global FDI Increases Over the Last Five Years

Posted by Business in Ghana on May 6, 2013

Global share of FDI up but project numbers down in 2012

African GDP expected to be 4% in 2013 and 4.6% in 2014

JOHANNESBURG, South-Africa, May 6, 2013/ Africa’s share of global foreign direct investment (FDI) has grown over the past five years highlighting the growing interest from foreign investors, according to Ernst & Young’s third Africa Attractiveness Survey (http://www.ey.com/za), released today.

The report combines an analysis of international investment into Africa over the past five years with a 2013 survey of over 500 global business leaders about their views on the potential of the African market. The latest data shows that despite a fall in project numbers from 867 in 2011 to 764 in 2012 — in line with the global trend — project numbers are still significantly higher than anything that preceded the peak of 2008. The continent’s global share of FDI has also grown from 3.2% in 2007 to 5.6% in 2012.

Mark Otty, Ernst & Young’s EMEIA Managing Partner comments, “A process of democratization that has taken root across much of the continent; ongoing improvements to the business environment; exponential growth in trade and investment and substantial improvements in the quality of human life have provided a platform for the economic growth that a large number of African economies have experienced over the past decade.” Read the rest of this entry »

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