On the Record

Eurozone Crisis Spurs Currency Volatility in Africa

A large part of Africa’s growth and development is tied to the health of the eurozone and many African nations are hopeful that solution for the EU’s sovereign debt crisis will soon be found. Africa Research Fellow Anne Kamau says the EU’s monetary problems are fueling currency volatility in much of Africa, which has a lot to offer the global market place but needs investment dollars to help spur economic growth.