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Foreign Investment into Africa grew to more than $60bn in 2008, says UNCTAD
Emerging Markets Business News
Monday, 19 January 2009 21:19
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Nairobi, Kenya - The United Nations Conference on Trade and Development (UNCTAD) has revealed that the Foreign Direct Investment (FDI) to Africa was expected to have grown further to more than 60 billion dollars in 2008.

"This is despite the slowdown in global economic growth and its negative consequences for the region", said UNCTAD in a statement issued to the press in Nairobi on Monday.

However, UNCTAD noted that in developing and transition economies, despite preliminary estimates suggesting that Foreign Direct Investment inflows have been more resilient, the worst impacts of the global economic crisis had still, at year’s end, to be fully transmitted to the countries.

 

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