Financial Times: BRICs in Africa

It’s become a hoary cliché that the Bric economies are leading a modern day “scramble for Africa” - and it’s a scramble that’s often frustratingly difficult to quantify.

But Standard Bank has waded through the mish-mash of data and emerged with a prediction: that over the next decade emerging economies will contribute 30 per cent of the new foreign investment coming into Africa. While the bulk of African FDI is still from the old economies, the momentum is all with the Brics. So is the drama and the buzz. read more...