Increasing Foreign Direct Investment in Africa
Author(s)/Corporate Author (s)Ndegwa, Phillip;
United Nations. Economic Commission for Africa;
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Foreign investment is important for Africa and the international community as a whole. It is important for Africa because, among other things, the continent does not have adequate savings and foreign exchange resources of its own needed for the desperately urgent task of promoting the development of its economies and diversifying their structures with a view to promoting stability. African countries are also severely short of certain skills and technologies needed for development and diversification of their economies.