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Attendees at the recent African Global Business Forum in Dubai came away with one certainty: Africa is the world’s largest developing marketplace, and it is open for business. The African continent is rife with opportunity in a variety of sectors including transport, infrastructure, energy, mining, telecommunications, agriculture, logistics, trade and tourism. Flows of foreign direct investment (FDI) into Africa have increased significantly in the past decade, and the World Bank has recently forecast that FDI will rise in the coming years, reaching an estimated US$54 billion a year by 2015. The continent’s economic growth is expected to increase during the next 5 years, benefiting from commodity prices and increasing investment as well as a general pick-up in the world economy.
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This article originally appeared in the June 2013 edition of The Oath and has been reproduced with permission from the publisher.