Posts Tagged ‘Financing Infrastructure Development’
January 23, 2012
Beyond Natural Resources: Africa must diversify distribution of Foreign Direct Investments (FDI) to new sectors – here’s howRecent FDI trends across Africa are encouraging. For the first time since 1970 when data became available, FDI inflows to Africa reached almost US$20 billion in 2001 and has continued to increase, hitting US$72 billion in 2008. But most FDI flows into the natural resources sector. This has to change. African countries should influence the distribution of FDI in favour of sectors with greater effects on employment and technology transfer. Over the years, most of the top 10 FDI recipients i....