Foreign Direct Investment (FDI) into Ethiopia, the 8th largest economy in Africa, has declined by 10% to $3.6 billion in 2017 as compared to the previous year. Facebook and Uber (both United States) expanded into that country while India’s Bharti Airtel continued to invest. The standout project was the investment by DuPont (United States) into a regional drought crop research centre. Automotive FDI into South Africa is increasingly developing regional value chains: Lesotho now produces car seats, and Botswana ignition wiring sets, for auto manufacturers in South Africa. Investors from the United States, the United Kingdom and France still hold the largest direct investment stakes in Africa.

Source: News Business Ethiopia June 07, 2018 12:22 UTC