Last month, EY (formerly Ernst & Young) released the ninth edition of the Africa Attractiveness report, which describes trends and opportunities in Africa’s economic growth and in foreign direct investment (FDI) to the continent. As Figure 1 shows, the largest investors by number of projects in Africa were the United States, France, and the United Kingdom, respectively. The results indicate that FDI largely follows economic growth, policy reform, economic diversification, and GDP size. Figure 2: Largest recipients of FDI in Africa, 2018In addition to describing the major sources and destinations of FDI, the report additionally analyzes FDI by sector. Figure 3: FDI projects by sector, 2018The report concludes by emphasizing the importance of both economic growth and reform in attracting FDI.

Source: The North Africa Journal October 09, 2019 16:30 UTC