Africa Disregard Slowdown in Global Investment
Africa has seen a sharp increase by 11% for the year 2018, in spite of the global downward trend of foreign direct investment (FDI .
According to an analysis by the United Nations Conference on Trade and Development (UNCTAD) , From 2017 to 2018, global FDI fell from $1.5 trillion to $1.3 trillion .
Due to the fallen global FDI, Africa has been positioned as a strategic investment hub.
The UNCTAD study highlights that, “The rise in demand and prices of some commodities, as well as the growth of non-natural resource investments in other African economies propelled the increase.”
The 5 largest beneficiaries of FDI in Africa for the year 2018 begins with;
– Egypt with $6.8 million
– South Africa: $5.3 million
– DRC: $4.3 million
– Morocco: $3.6 million
– Ethiopia: $3.3 million.
Sub-Saharan Africa boasts of $32 billion in FDI, a 13% increase compared to that of 2017.
Morocco and Egypt obtained $14 billion in FDI, an increase of 7%.
Nigeria, on the other hand, dragged West Africa slightly down owing to its poor economic situation, with a 15% decrease.