Algeria is the most attracting country of investments and money transfer in Africa: UN report

Algeria is one of the most African nations in terms of attracting direct investments and money transfer by immigrants in 2011, a UN report finds.

• Algeria and other five African countries (Egypt, Morocco, Nigeria, Sudan, Tunisia) attracted more than 75 percent of the total immigration fund transfers to the continent, said a report from the UN’s economic commission for Africa and the African Union.
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• “If the African continent generally benefited from direct foreign investments incomes, the problem is the issue of privileges distribution between the source economy and the receiver economy.”
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• The report called on African nations to “adopt a selective conception when accepting direct foreign investments to reach balance between direct foreign investments increase and sustainable national development.”