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42 ABN SPEAKS TO.. | AVCA “The uni ed currency, pegged to the euro, encourages greater economic stability, it gives you a regional bloc you can trade with and it encourages the mobilisation of capital and companies within the region.”
There is some talk of this model being applied for the up-and-coming economies in East Africa. With Tanzania and Ethiopia experiencing economic growth north of 5% and Kenya already established as a
prime investment destination, there is the groundwork in place to attract investors towards the region.
It represents a major shift away from
the dominance of the established major economies in terms of luring investors.
In recent years, about three countries have accounted for 50% of private equity investment, although Obasanjo-Adeleye expects this trend to change as the smaller

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