Other key investors on the continent are South Africa ($10.18 billion), Germany ($6.88 billion), Switzerland ($6.43 billion), India ($5.4 billion) and Spain ($4.38 billion). The rise in demand for technology is spurring on tech hubs across the continent, with South Africa, Nigeria and Egypt playing host to the most established ones. According to the report, China is increasingly becoming a force to be reckoned within Africa, although overall the BRICS (Brazil, Russia, India, China, and South Africa) remain small relative to other investors. FDI destinationsAccording to the report North Africa leads as the most attractive FDI destination, with Egypt exceeding South Africa in FDI activity, while Morocco comes third. North Africa is followed by Southern Africa, East Africa and West Africa, with South Africa the major contributor to the Southern region’s dominance.

Source: The North Africa Journal October 08, 2019 08:58 UTC