According to the latest UNCTAD World Investment Report, FDI outflows from Egypt rose 14 percent annually to $390 million in 2023. In Africa, total FDI inflows saw a 3 percent decline year-on-year to $53 billion, primarily due to a decline in investments in Egypt and South Africa. In North Africa particularly, FDI inflows saw a 12 percent decline last year. Read: Egypt fulfills $25 billion debt obligations, representing 7 percent of GDP: IIFGlobal FDI trendsThe decline and stagnation of FDI inflows was not limited to Africa or Egypt alone. Post-pandemic, manufacturing FDI saw negative growth signaling a rising trend in regionalization and deglobalization despite strong global manufacturing activities.

Source: The North Africa Journal June 28, 2024 10:55 UTC