United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022 published recently has revealed that
Foreign direct investment (FDI) flows to African countries in 2021 hit a record USD 83 billion.
United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022 published recently has revealed that
Foreign direct investment (FDI) flows to African countries in 2021 hit a record USD 83 billion. This is twice the amount reported in 2020 when the continent was hit by the COVID-19 pandemic. The investment flows to Africa accounted for 5.2% of global FDI, up from 4.1% in 2020.
UNCTAD reported that most African countries recorded a moderate rise in FDI in 2021. The surge in the investment flow of around 45% was due to an intrafirm financial transaction in South Africa. If the SA transaction is set aside, the FDI flows to Africa were in line with the trend in other developing countries.
Southern Africa, East Africa, and West Africa witnessed growth in their investment flows, while those to Central Africa remained flat and North Africa registered a decline. The largest source of foreign assets in Africa remained European, led by investors in the United Kingdom (USD 65 billion) and France (USD 60 billion).
Read Also
https://trendsnafrica.com/
