Africa defies slowdown in global investment

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In contrast to the global investment downward trend of foreign direct investment (FDI), Africa has seen a sharp increase by 11% for the year 2018.

From 2017 to 2018, global FDI fell from $1.5 trillion to $1.3 trillion, according to an analysis by the United Nations Conference on Trade and Development (UNCTAD).

This has positioned Africa as a strategic investment hub.

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In contrast to the global investment downward trend of foreign direct investment (FDI)
In contrast to the global investment downward trend of foreign direct investment (FDI)

“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 UNCTAD study points out.

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.

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