Africa:`Africa`s Growth to Continue in 2010`
source: allAfrica
New Vision (Kampala)
Ibrahim Kasita
28 December 2009
Kampala — BUSINESS in Africa will remain profitable and growing throughout 2010, a survey has shown. According to Africa Practice’s annual business survey, business leaders predicted a positive outlook for 2010, with 95% of the respondents expecting to expand their businesses over the coming year.
Africa practice is a strategic communications consultancy with a network of branches across Africa.
The survey findings support the growing belief that Africa is beginning to recover from the effects of financial crisis.
“All the respondents (100%) said they anticipated foreign direct investment (FDI) to increase in 2010, with the majority expected to come from China,” the report indicated.
“This represents a much-improved outlook when compared to last year’s survey in which 69% of respondents predicted a reduction in [continue reading]
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