Companies becoming pickier about expansion into Africa

15 May 2016 - 02:00
By BRENDAN PEACOCK

Two reports released this week showed estimates of near-term economic growth in Africa have halved and companies wanting to expand on the continent have become more selective about investment opportunities.The annual Africa Attractiveness survey published by global consultancy EY referred to the International Monetary Fund's projection for GDP growth in Africa for 2016 being cut from 6.

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