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The East African
Tuesday February 23 2021
2021 looks promising with projections of significant volumes of FDI returning to emerging markets in Africa. PHOTO | FILE
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Although 2020 witnessed unprecedented outflows of foreign direct investments due to the uncertainties created by Covid-19, 2021 looks promising with projections of significant volumes of FDI returning to emerging markets in Africa.
According to Faizal Bhana, director of Jersey Finance in the Middle East and Africa, the African continent remains a highly attractive market, particularly for inbound investment.
“In recent years, Africa escaped the global decline in foreign direct investment as flows to the continent rose to Ksh4.6 trillion ($41.82 billion, an increase of 11 per cent on the previous year according to the UNCTAD’s World Investment Report of 2019,” said Mr Bhana. ....

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