Africa received its largest ever share of global foreign direct investment FDI last year, an Ernst and Young survey has said.FDI projects grew by 27% in 2011, pushing Africa’s share of the world’s investment to almost a quarter.FDI inflows, now about $80bn £50bn, should reach $150bn by 2015, according to the global consultants.But potential investors still see Africa as “the least attractive” destination, the report finds.

via BBC News – Africa’s share of foreign direct investment largest ever.

When I am on sabbatical starting this summer I’ll have time to verify that practically all of the investment is in oil and mining.  Still, clear that for many GDP is growing rapidly.  Less clear whether highly unequal growth is sustainable: across the continent stark inequality promotes movements for redistribution.  Think 1848?