Even as economists predicted that Africa will be the leading destination for foreign investors in the coming years, reports indicated that 2011 saw the continent take less that 4% of the total global capital.
Most of this miserable share was mainly in form of oil exploration in areas like east Africa where Uganda and Kenya have made some significant finds and in Tanzania where prospects are high.
That effectively means that without oil, the continent known to have immense opportunities and resources, would not have attracted even a single dollar from foreign investors.
Even as political stability in Africa has improved significantly during the past couple of years, therefore making the continent more attractive to business, we are yet to see huge investments in agriculture—the main economic activity in most in Africa.
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