FDI in Africa to continue to grow

Posted by Josette Dunn on 23rd April 2010

Foreign investment in Africa has “exploded” over the last decade and is continuing to grow, food-focused UK investment firm Silk Invest has claimed.In an exclusive interview with just-food, Silk Invest chief executive Zin Bekkali said there had been a “very strong increase” in inward investment into Africa despite concerns over governance and unrest.

“Foreign direct investment in Africa has exploded over the last five to ten years. A lot of this investment takes some time materialise, but the effects are very positive on the African economy, which in turn lures more international investment,” Bekkali said.

In 2000, FDI in the region totalled US$10bn, in 2005 that level had increased to $30bn and last year FDI in Africa rose to $53bn.

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