Rapid growth markets will lead way out of crisis
“They will have a significant impact on global trade patterns in the next decade,” said Ajen Sita, Ernst & Young CEO for Africa.
“They will lead the global economy out of the crisis,” he said.
But he cautioned that Africa was “not getting its fair share” of global foreign direct investment and needed higher growth and better scale in this area.
“It doesn’t reflect the investment potential Africa offers,” he said.
Africa’s share of new project announcements in 2010 was just 4.5% from 4.9% in 2009.
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