Africa has garnered attention as the next hot spot for foreign investors—and it’s not just the West that’s looking to the continent. Despite the recession, direct investment by the BRICs has soared, and at a much faster pace than those of Europe and the U.S.
A look at foreign direct investment from 2007-08 (the latest year available):
Percentage increase in EU investment in Africa, to $27.3 billion
Percentage increase in Brazilian, Russian, and Indian investment in Africa, to $2.35 billion
Percentage increase in Chinese investment in Africa, to $5.5 billion
Percentage decrease in American investment in Africa, to $3.3 billion
Source: Overseas Development Institute