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Brief

MIGA's Support to Sub Saharan Africa

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Sub-Saharan Africa is increasingly becoming a more attractive and hospitable destination for investors. It has registered historically high and consistent growth in recent years, with estimates indicating an expansion of 5 percent in 2012, following another expansion of 4.7 percent in 2011. While the extractives industry has been a significant driver behind rising foreign direct investment (FDI) on the continent, investment in non-extractive industries has also been rising thanks to improvements in regulatory frameworks, governance, and the overall ease of doing business in the region—as well as a growing middle class that is attractive to investors seeking new markets.