The UN Conference on Trade and Development says Egypt remains the top destination of foreign direct investment in Africa. UNCTAD in its “Investment Trends Monitor H1 2018’’ reports FDI has dropped 41 per cent in the first half of the year to $470 billion. The report indicates that Egypt remains Africa’s largest recipient of foreign investment. The fall in foreign direct investment happened mainly in richer nations, including Ireland (down $81 billion) and Switzerland (down $77 billion). However, China, was the largest recipient of FDI in the first half of 2018, attracting more than $70 billion.

Source: Punch October 16, 2018 09:45 UTC