2.9 C
New York
Tuesday, January 19, 2021

Buy now

African Business Monitor 2013

Total external financial flows to Africa reached a new record high in 2012, totalling USD 182 billion, driven by FDI and remittances. there have been two major trends: Remittances overtook aid and FDI for the first time and became the largest external financial flow to Africa; second, Africa’s increasingly integrated with emerging economies. Not only through trade, but increasingly so through investment flows, which are gradually diversifying. However, there’s a strong heterogeneity in the relative importance of different financial flows to individual African countries, with still half the African countries relying largely on aid.

The forthcoming African Economic Outlook highlights the growing importance of investment, official development aid and remittances to a continent on the move. External financial flows into Africa hit a record in 2012 and are expected to top 200 billion dollars in 2013. It puts the spotlight on emerging financial trends that Africa can take advantage of and the risks they face.

Related Articles

How Tourists Evade High Gorilla Permit Prices for Rwanda

After the increase of Rwanda gorilla permits prices from $750-$1500, wise tourists have already devised means of seeing the mountain gorillas on budget in...

The Future of Africa’s Mountain Gorilla Conservation

Mountain gorillas are quite intriguing wild species and one of most threatened species on planet earth. They are highly an endangered species due to...

Where to See Gorillas: Bwindi Vs Volcanoes National Park

The impenetrable jungles forests of Bwindi are famous for hosting a considerable population of the mountain gorillas in Uganda while Volcanoes National Park is...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

21,381FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

How Tourists Evade High Gorilla Permit Prices for Rwanda

After the increase of Rwanda gorilla permits prices from $750-$1500, wise tourists have already devised means of seeing the mountain gorillas on budget in...

The Future of Africa’s Mountain Gorilla Conservation

Mountain gorillas are quite intriguing wild species and one of most threatened species on planet earth. They are highly an endangered species due to...

Where to See Gorillas: Bwindi Vs Volcanoes National Park

The impenetrable jungles forests of Bwindi are famous for hosting a considerable population of the mountain gorillas in Uganda while Volcanoes National Park is...

Namibia holds land talks October

Namibia’s President Hage Geingob at the heroes event: he is calling a land conference in October Namibia will hold countrywide land expropriation talks as the...

Tourism A Tool To Alleviate Poverty in Rwanda

Rwanda is a developing country located in east Africa. It’s a very small country that in the early 1990’s faced a great tragedy (1993)...