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Ernst & Young has revealed that the Africa Continent recorded its worse economic recessions in 50 years with a 50 percent drop in foreign direct investment (FDI) inflow.
Africa’s political economy has long been defined by commodities and extractive industries, but that is now changing at a 5G clip. In a new report, global accountancy firm EY says that services now comprise 72% of foreign direct investment flows into the world’s poorest continent, while the.