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Private foreign capital flows to Africa have risen sharply since 2003, surpassing aid and remittances

African financial inflows $ billion

Gross aid inflows Remittances Capital inflows1

90 80 70 60 50 40 30 20 10 0

  • -

    10

1980

85

90

95

2000

05

2008

1 Capital inflows are defined as net foreign direct investment (FDI), equity, debt, and other flows into Africa from foreign investors.

SOURCE: World Bank World Development Indicators; McKinsey Global Institute Capital Flows Database

9

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