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East Africa's inflows of Foreign Direct Investment increase by 11pc

Africa is now positioning itself as a major business hub for overseas investors, according to the Institute of Chartered Accountants in England and Wales (ICAEW) latest Economic Insight report.

Where aid was the traditional source of finance, the continent is now seeing a dramatic five-fold increase in Foreign Direct Investment (FDI), with Nairobi topping the list as the most attractive destination.

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