It urges the world to end harmful narratives targeting migration which benefits future generations

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Secretary General of the UN Conference on Trade and Development Mukhisa Kituyi, says remittances – the money migrants send home to their families –  make up more than half of the capital flows in Africa.

Migrants make up half of the GDP of Ivory Coast and 13% of Rwanda’s which  actively seeks skilled workers. 

The report’s main author Junior Roy Davis says there’s an intimate correlation between migration and trade.

Migration has a bad image because of the burden to recipient countries posed by Africa having the largest number of people forced out of their countries by conflict and natural disasters.

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This would run against the global downward trend caused largely by low prices in the oil and gas sector.

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UNCTAD’s bleak prediction of a 10 to 15 percent drop in foreign direct investment around the world makes an exception of Africa where  it may  increase by 6 percent to $60 billion.

The UN agency says this bounce-back is already becoming visible in announced greenfield projects in Africa. In the first quarter of 2016, their value was $29 billion,  which 25 percent higher than the same period last year.

Egypt and Morocco are seeing the biggest rise in prospective investment.

UNCTAD says the positive trend prevails more widely.

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