This dip was largely influenced by Egypt and South Africa, two of the continent’s largest economies, which experienced varied FDI trends throughout the year. Despite the overall decrease in FDI, Africa witnessed a notable increase in the share of global greenfield megaprojects, with six projects valued above $5 billion. The renewable energy sector also attracted substantial attention, with over $10 billion allocated to wind and solar electricity production projects across Egypt, South Africa, and Zimbabwe. West Africa’s FDI flows dipped slightly by 1%, albeit bolstered by Mauritania’s hydrogen project. In Southern Africa, South Africa’s FDI inflows dropped by 43%, influenced by fluctuations in Angola.
