This paper provides theoretical and empirical insights into the puzzling simultaneous rise in foreign direct investment inflows in Africa and capital flight from the continent over the past decades. Indeed, paradoxically, even as African countries have become more attractive to foreign private...

In many parts of sub-Saharan Africa, economic liberalisation, improved transport and communication systems and the global demand for food, energy and commodities have fostered foreign investment in mining, petroleum and agriculture for food, fuel and agro-industrial commodities. In 2008 foreign...