AIN December – The United States was the top source country for FDI projects into Africa despite a decline of 4 percent in project numbers. Additionally, the value of these projects dropped 12 percent to $6.8bn AGOA’s exports to United States of America increased from $14.6 billion in 2002 to $63.6 billion in 2011 but…Details
AIN November – Following the deceleration of the Sub-Saharan Africa (SSA) region in the first quarter, the economy continued to disappoint in the second quarter. According to a preliminary estimate, GDP expanded 1.2% on an annual basis in the second quarter, which came in below the 1.7% increase observed in the previous quarter. The reality…Details
The outcome of two recently held investment events in Africa has yielded further commitments to invest in Africa. The AGRF and TICAD-VI both held in Kenya ended with pledges in excess of $90 billion to be invested in Africa. Africa has experienced an increase from $5 billion a year in 2013 to about $30 billion…Details
Investments in Africa are at a crossroad. Although the ‘Africa rising’ narrative remains appealing, reality is beginning to dawn on a number of economies, especially those that have struggled in the tailspin of the commodity price crash. The worsening situation includes: poor public finance for the much needed infrastructural development, harsh macroeconomic conditions including new…Details
Reflating most African economies that suffered strong headwinds from low commodity prices once again becomes topical as these economies continue to pursue alternative development agenda. But before such restructuring
can be conducted successfully, certain basic elements need be assured.
In April, China and Nigeria agreed to a deal worth $6 billion, perhaps as part of the Asian giant’s pledge to commit up to $60 billion in development funding to the African continent over the next three years. Although details of its classification as development aid, credit or counterpart investment funding remain unclear, it is…Details