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Business Insider Africa presents the top 10 African countries with the largest foreign investments.

This list is courtesy of UNCTAD’s World Investment Report 2023 published on 5 July.
The reports show that Greenfield project announcements increased by 39% to a total of 766.
Africa, often referred to as the "next frontier" for economic growth and development, is gradually becoming a hotspot for Foreign Direct Investments (FDIs). This continent, rich in natural resources, youthful demographics, and untapped markets, is attracting a growing number of international investors.

according to a report put out by the United Nations Conference on Trade and Development (UNCTAD), on the 5th of July 2023, titled, ”World Investment Report 2023” Africa has experienced a steep decline in the value of FDIs intended for the emerging continent.

The report shows that foreign direct investment (FDI) flows to Africa decreased from a record $80 billion in 2021 to $45 billion in 2022. They represented 3.5% of all FDI worldwide.

For context, see the massive difference in FDI figures for the 2021, compared to the figures listed below.


Greenfield project announcements increased by 39% to a total of 766. Africa was home to six of the top 15 greenfield mega projects (those costing more than $10 billion) that were announced in 2022.

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The report also notes that the deficit has increased from $2.5 trillion in 2015, when the SDGs were established, to around $4 trillion annually.

A quick rundown on the report shows that In North Africa, Egypt saw FDI more than double to $11 billion as a result of increased cross-border merger and acquisition (M&A) sales. Nigeria saw FDI flows turn negative to -$187 million as a result of equity divestments. FDI flows to Ghana fell by 39%.

In East Africa, flows to Ethiopia decreased by 14%, and the country remained the second-largest FDI recipient in the sub-Saharan region. FDI to Uganda grew by 39%. To be more specific with figures below are 10 African countries with the highest foreign direct investment in 2022.

Rank Country FDI
1. Egypt $11 billion
2. South Africa $9 billion
3. Ethiopia $3.7 billion
4. Senegal $2.6 billion
5. Morocco $2.1 billion
6. Democratic Republic of Congo $1.8 billion
7. Ghana $1.5 billion
8. Uganda $1.5 billion
9. Tanzania $.1.1 billion
10. Zambia $116 million


https://africa.businessinsider.com/local/lifestyle/top-10-african-countries-with-the-largest-foreign-investments/cysb3ch

That's a mistake, Nigeria is no.6

Alchemy528:
That's a mistake, Nigeria is no.6

With all the trillions wey Buhari borrow?

Abuja is the most planned City in Africa | I can't believe this is Nigeria



https://www.youtube.com/watch?v=y1pu5u1hdwo

Chinedu Okafor is the author, what do you expect him to write about, if he can add Biafra he would have done that easily but Nigeria mba never ...

Bluntguy:
With all the trillions wey Buhari borrow?

Were is loan FDI?

Ikaeniyan0:
Business Insider Africa presents the top 10 African countries with the largest foreign investments.

This list is courtesy of UNCTAD’s World Investment Report 2023 published on 5 July.
The reports show that Greenfield project announcements increased by 39% to a total of 766.
Africa, often referred to as the "next frontier" for economic growth and development, is gradually becoming a hotspot for Foreign Direct Investments (FDIs). This continent, rich in natural resources, youthful demographics, and untapped markets, is attracting a growing number of international investors.

according to a report put out by the United Nations Conference on Trade and Development (UNCTAD), on the 5th of July 2023, titled, ”World Investment Report 2023” Africa has experienced a steep decline in the value of FDIs intended for the emerging continent.

The report shows that foreign direct investment (FDI) flows to Africa decreased from a record $80 billion in 2021 to $45 billion in 2022. They represented 3.5% of all FDI worldwide.

For context, see the massive difference in FDI figures for the 2021, compared to the figures listed below.


Greenfield project announcements increased by 39% to a total of 766. Africa was home to six of the top 15 greenfield mega projects (those costing more than $10 billion) that were announced in 2022.

.

The report also notes that the deficit has increased from $2.5 trillion in 2015, when the SDGs were established, to around $4 trillion annually.

A quick rundown on the report shows that In North Africa, Egypt saw FDI more than double to $11 billion as a result of increased cross-border merger and acquisition (M&A) sales. Nigeria saw FDI flows turn negative to -$187 million as a result of equity divestments. FDI flows to Ghana fell by 39%.

In East Africa, flows to Ethiopia decreased by 14%, and the country remained the second-largest FDI recipient in the sub-Saharan region. FDI to Uganda grew by 39%. To be more specific with figures below are 10 African countries with the highest foreign direct investment in 2022.

Rank Country FDI
1. Egypt $11 billion
2. South Africa $9 billion
3. Ethiopia $3.7 billion
4. Senegal $2.6 billion
5. Morocco $2.1 billion
6. Democratic Republic of Congo $1.8 billion
7. Ghana $1.5 billion
8. Uganda $1.5 billion
9. Tanzania $.1.1 billion
10. Zambia $116 million


https://africa.businessinsider.com/local/lifestyle/top-10-african-countries-with-the-largest-foreign-investments/cysb3ch

God have mercy, and Nigeria was not even along?!

First 10 that has the likes of Congo, Zambia, Ghana, Tanzania etc yet the so-called giant of Africa wasn't even there! Even with the oil industry

Nigeria is sinking and sinking fast. What we have left is a criminal enterprise run by a few cabals. We no longer have a country?!!!

We either march out tomorrow en mass if the tribunal rules rubbish and save this sinking country or we all perish together[code][/code]