Recent reports suggest that foreign direct investment in Africa is expected
to drop 40% this year, with the terrorist attacks partly to blame. Direct
development aid to Africa has also been dropping, with $14.2 billion in aid
in 1999, compared to close to $25 billion ten years ago.
Source: Global Development Briefing
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The Tokyo International Conference on African Development, attended by representatives from all 53 African nations, 11 Asian countries, 23 donor states and 38 international groups took place over two days, highlighting the "New Partnership for Africa's Development" (NEPAD) -- a development blueprint which hopes to systematically tackle investment, governance, debt, infrastructure, banking problems and economic growth, with a minimum of $64 billion in annual investment (much of it from foreign...read more [7]
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