Law360, New York ( May 21, 2015, 8:21 AM EDT) -- The African marketplace is on the move. The continent is currently home to seven of the world's 10 fastest growing economies. Foreign direct investment into Africa rose by 5 percent in 2012 and 10 percent in 2013 (despite global stagnation),[1] and an increasing number of foreign countries are trying to sign reciprocal trade agreements with African regional blocs. African economies are finally diversifying, relying less on natural resource commodities and more on industries such as telecommunications, transportation, financial services, and agribusiness. The number of middle class consumers on the continent is expanding quicker than in any other region. Importantly, consumer demand sparked by that emerging middle class has further incorporated African markets into global supply chains....
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