IslamicFinance.de

A study by the Dubai Chamber of Commerce and Industry , has revealed that Gulf entities have provided at least US$30bn of funding, at current prices, to African infrastructure over the past decade. This amounts to between 7% and 10% of total inflows, of which approximately US$15bn in loans and grants from Gulf development agencies and approximately US$15bn in direct investments. The study also revealed that Gulf funding for African infrastructure has focused on North Africa. To date, there has been relatively little Gulf investment in the continent's fast-growing economies of Angola, Ethiopia and Nigeria which have attracted funding from other parts of the world.