Africa is becoming a preferred destination for foreign direct investment despite the failure by the G8 countries to keep their Gleeneagles commitment.Investors brought in $36 billion in 2007, almost double the 2005 figure, according to a report published by the Africa Re-insurance Corporation (Africa Re).
The report attributes the FDI growth mainly to the influx of Chinese companies. […]
The biggest borrowers from China are South Africa, Angola, Nigeria and Sudan.China, together with Singapore, Saudi Arabia, the United Arab Emirates and Kuwait have taken over the role of lenders to the world economy.
Full article here.