Risk Perception Keeps African Investment Down: E&Y

Law360, New York (May 6, 2013, 7:32 PM EDT) -- China, India and other emerging economies are pouring money into Africa even as Western investors pare back, according to an Ernst & Young LLP study released Monday, a gap that shows different appetites for risk in a troubled but promising region.

On the one hand, Africa has vast natural resources and a consumer class with nowhere to go but up. By 2035, the continent will have the world's largest workforce, and its middle class — already the size of India's — could be spending $1.4 trillion...
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