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Market Brief - Africa Economic Financial Brief 25-29 November 2013
Africa is becoming increasingly interconnected with the rest of the world through trade and financial transactions such as private capital flows, foreign direct investment (FDI), remittances, and Official Development Assistance (ODA).. From 2000 to 2010, Africa’s real export value quadrupled, with Europe as the main export destination followed by the United States and China. In 2012, 80% of African countries had export-GDP ratio of 20% or more. External financial flows hit a record high in 2012 and are expected to surpass the US$ 200 billion mark in 2013. The flow of FDI, portfolio investment, ODA and remittances have quadrupled since 2001.