World Bank sees FDI streaming into Africa in 2012

2 March 2012

Creamer Media's Engineering News - March 2, 2012

Capital flows into Africa are seen growing significantly in 2012 as investors seeking higher returns out of Europe, look at the continent for better opportunities in infrastructure projects, a World Bank's senior official said on Friday.

The Washington-based development lender expects economic growth on the world poorest continent to be 5.3% this year and 5.6 for 2013, despite increased concerns about the euro zone debt crisis, its main export market.

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