World Bank grants US$1.7 billion to fund private sector in Mozambique
The Foreign Direct Investment (FDI) to Africa and other developing countries is expected to reach $850billion this year with Mozambique and Congo Republic having the large chunk of the investments, the United Nations Conference on Trade and Development has said.
The UNCTAD Secretary General, Mukhisa Kituyi, who disclosed this during one of panel discussions at the recently concluded Annual Investment Meeting (AIM) in Dubai, United Arab Emirates, said financial experts expected flows into Africa to grow, the highest optimism of any region.Source: Daily Trust
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