China’s slowing economy has resulted in investment in Africa decreasing by 84%, according to news reports.
The Financial Times (FT) revealed that Beijing invested $568 million in Greenfield and expansion projects in the first six months of 2015, down from $3.54 billion last year.
“Foreign direct investment has dipped across the board from emerging markets into other emerging markets, and into Africa in particular,” International Finance Corporation West and Central Africa director, Vera Songwe, was cited by FT as saying.
