The Southern Africa region performed the best, taking in FDI of nearly $4.2 billion, up from -$925 million in 2017. Foreign investment in South Africa more than doubled to $5.3 billion. Investors were put off by a dispute between the government and South African telecom giant MTN over repatriated profits. Kenya, Uganda and Tanzania all saw increases in FDI inflows. The creation of the U.S. International Development Finance Corp could help support FDI inflows this year.

Source: Ethiopian News June 13, 2019 13:07 UTC