Here is a well-written summary or report based on the provided summaries and the user's question:

Foreign direct investment (FDI) in Africa has been growing over the years, with the continent attracting $45 billion in FDI in 2022, although this represents a decline from $80 billion in 2021.

The African economy has shown great resilience during global economic volatility, attracting investments from various regions, with Egypt receiving $5.1 billion in investments in 2021, and South Africa having $40.9 billion in foreign direct investment during the same year.

Mozambique attracted $5.1 billion in foreign direct investment in 2021, with Nigeria accounting for 5.8% of FDI inflows to Africa.

The construction industry has seen significant investment, with FDI financing increasing 53% year-on-year and the FDI amount surging 91% in 2022.

Energy and gas supply FDI increased to $120 billion in 2022, with the construction sector FDI rising to $24 billion.

European investors own the largest FDI in Africa, with the UK leading FDI in Africa with $60 billion.

The UK holds $65bn in total FDI stock in Africa as of 2020, with five new oil and gas deals worth £2.1bn struck in 2022.

India is the fifth largest investor in Africa, with Japan and South Korea investing in the continent's automobile and electronics industries, respectively.

Africa's fintech sector revenues may surge to $30bn by 2025, with 5,200 tech start-ups existing in Africa between 2020 and 2021.

Seven African unicorns in 2021 were fintechs, with vaccine demand in Africa expected to double to 2.7-billion doses by 2040.

Inward FDI for Africa was $83bn in the last year, with FDI flows into Africa declining by 16% in 2020 to $40 billion.

However, FDI inflow into Africa was projected to grow by 5% in 2021, with new FDI projects announced in Africa reaching $39 billion in 2021.

Renewable energy projects in Africa increased to 71 in 2021, with FDI to South, East, and West Africa seeing a slight increase in 2021.

The AfCFTA aims to create a single market with 1.3 billion people and $3.4 trillion GDP, with the US investing in Africa through the "Build Back Better World" initiative.

The G7 has also increased support to Africa and the Indo Pacific regions, with Chinese financiers committing $153 billion to African public sector borrowers between 2000 and 2019.

Chinese loan commitments to Africa decreased to $7 billion in 2019, with India having 18 new embassies and consulates in Africa.

Over 1.3 million people of Indian descent live in Africa, with 60% of East Africa's economy controlled by Indians.

Tanzania attracted US$1 billion in foreign investment in 2020, while Rwanda's foreign investment dropped to US$135 million in the same year.

Uganda's foreign investment dropped to US$823 million in 2020, with Kenya's foreign investment dropping to US$717 million.

Rwanda's real estate and construction accounted for 48% of investments, with manufacturing accounting for 20% of Rwanda's investments.

Agriculture and ICT attracted significant investments in Rwanda, with energy and mining also attracting investments.

Tanzania had the largest share of foreign investment in the EAC, with Rwanda's foreign investment being US$354 million in 2019.

Egypt's net foreign direct investment is expected to rise to $10 billion in 2022/2023, with FDI in Egypt expected to reach $16.5 billion in the 2024-2025 fiscal year.

Egypt is the top investment destination in Africa and the Arab world, with FDI contributing to economic growth and job creation.

FDI helps introduce new technology and management methods, with Egypt attracting foreign investment in vital sectors.

The UN reports Egypt's FDI growth in 2020 and 2021, with the IMF predicting continuous FDI growth in Egypt.

Egypt has 15% of Africa's total foreign direct investment, with the country ranking first in North Africa in attracting foreign direct investment in 2020.

Zambia offers tax exemptions on dividends for farming profits for the first five years, with South Africa aiming to reduce the cost of doing business to attract FDI.

Ethiopia's investment in infrastructure contributed to its FDI growth, with Zambia's infrastructure being a barrier to investment due to poor quality.

South Africa's inward FDI flows have been declining since 2010, with energy shortages affecting Zambia's mining sector and private businesses.

Ethiopia faces a critical power crisis with frequent blackouts, with Zambia's regulatory environment not favoring entrepreneurial activity.

Investment guarantees are available for investors in Zambia, with Africa's FDI attractiveness requiring improvements in energy, infrastructure, and governance.

Foreign direct investment in Mozambique increased by 68% in 2021, with Nigeria's foreign direct investment inflows rising 103% to $4.844 billion.

Morocco's foreign direct investment flows increased 52% to $2.153 billion in 2021, with Egypt's foreign investment flows reaching $5.122 billion.

South Africa's investment inflows jumped 1235% to $40.889 billion in 2021, with clean energy and infrastructure being attractive sectors for foreign investment.

Gulf countries pledged $22 billion in investments in Egypt's various sectors, with foreign direct investment in Africa expected to increase in sectors like oil and gas, petrochemicals, and fertilizers.

Capital flight through net investment outflows was $28 billion in 2022, with official development assistance to Africa stabilizing at $65 billion in 2021.

Mauritius and South Africa recorded the largest outflows in 2021, with Egypt recording $18 billion net inflows in 2021.

COMESA's FDI grew by 14% to $22 billion, with SADC's FDI quadrupling to $10 billion.

WEMU's FDI doubled to $5.2 billion, with the East African Community's FDI rising 9% to $3.8 billion.

Africa is the fastest-growing cryptocurrency market, with Nigeria's central bank lifting a ban on cryptocurrency transactions.

AI startups garnered over five times as much funding in 2023 as in 2022, with nearly 70 acquisitions happening in Africa between 2022 and 2023.

West Africa led in recorded deals worth $1m or more between 2019 and 2023, with East Africa having 175 recorded deals worth $1m or more during the same period.

Fifteen African countries have elections in 2024, affecting investor strategies, with Africa's regulatory environment slowly buying into crypto.

AI poses a huge opportunity for research and data collection companies in Africa, with startups focused on building tech talent likely to see growth in 2024.

BII invested $150m in Kelix bio in 2020, with BII executing a $20m deal with Moove in 2020.

£161m was invested in clean energy in 2022, with the African fintech sector being a significant area of investment.

DP World has invested $1.7 billion in Africa's transport infrastructure, with a focus on ports, container depots, and complexes.

The company operates ports in Ain Sokhna, Egypt, Dakar, Senegal, and Berbera, Somaliland, and plans to invest an additional $1 billion in the next few years.

CDC Group has allocated $320 million to a joint investment platform and will inject an additional $400 million in the next few years.

The UAE has invested $4.5 billion in African clean energy, while Germany has invested $486 million in African climate finance, with a focus on Kenya.

Germany has also provided a €60 million loan for a geothermal project in Olkaria, Kenya, and has cancelled €60 million of Kenyan debt for renewable energy.

Elsewedy Electric has invested $250-300 million in Africa, with a focus on Tanzania, Angola, and Ethiopia, and plans to increase its investments to 25% of its total business next year.

The company has a 120 thousand square meters complex in Tanzania and operates in 24 African countries, with Africa revenue accounting for 20% of its total business.

Equinix Inc. has invested $390 million in Africa data centers, with a focus on South Africa and West Africa, and plans to expand to East Africa.

The company has acquired MainOne Cable Co. for $320 million and has built its first data center in Johannesburg, South Africa.

ACWA Power is investing in South Africa with a project value of up to 45 billion riyals, located in South Africa.

Russian companies such as Rosneft, Gazpromneft, RusHydro, Alrosa, and Lukoil have invested in Africa, with project values totaling $15-25 billion, located in various African countries.

Rosatom is constructing a nuclear power plant in Egypt and has developed national energy systems in Africa.

China-Africa TEDA has invested $5 billion in Egypt's SCZONE, with a focus on chemicals and wind turbine blades, creating

Here is a well-written summary or report based on the provided summaries and the user's question:

Here is a well-written summary or report based on the provided summaries and the user's question:

Foreign direct investment (FDI) in Africa has been growing over the years, with the continent attracting $45 billion in FDI in 2022, although this represents a decline from $80 billion in 2021.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

What was the total FDI inflow to Africa in 2022 and how did it compare to 2021?

$45 billion, which was down from $80 billion in 2021

The African economy has shown great resilience during global economic volatility, attracting investments from various regions, with Egypt receiving $5.1 billion in investments in 2021, and South Africa having $40.9 billion in foreign direct investment during the same year.

Title:

Content: AFED: EGYPT RECEIVED $5.1 BILLION INVESTMENTS IN 2021
GDP growth is expected to rise to 4.4% this year
Abdulrahman Abu Al-Enein
6: 52 AM, Wednesday, 31 May 23
Recent data issued by the African Development Bank (AfDB) revealed that Egypt ranked second in terms of foreign direct investment flows in the continent in 2021 and attracted nearly $5.1 billion.
According to the Africa Economies Outlook 2023, South Africa was the largest recipient of foreign direct investment in 2021 with investments of more than $40.9 billion, nearly half of the total inflows to the continent in that year, followed by Egypt and Mozambique, which each attracted nearly $5.1 billion, representing about 6.2% of the total volume.
In the same context, the report expected Egypt ’ s GDP growth rate to decline to 4.4% this year from 6.6% estimated last year, and to rise to 5.1% next year.
The report pointed out that the inflation rate rose from 4.5% in the fiscal year 2020 / 2021 to 8.5% in the fiscal year 2021 / 2022 due to the rise in food and energy prices globally and the devaluation of the pound against the dollar.
He said that the current account deficit shrank to 3.5% of GDP in the fiscal year 2021 / 2022 compared to 4.4% in the previous fiscal year 2020 / 2021 due to the rise of tourism revenues to 10.7 billion dollars against 4.9 billion dollars, respectively.
The African Development Bank pointed out that the banking sector remains profitable and well capitalized, noting that the rate of non-performing loans reached 3.2% in June 2022, explaining that subsidies and social protection programs have reduced the impact of high food and energy prices on vulnerable families.
The Minister of Planning Hala Al-Said said in previous statements that despite the current effects of the Russian-Ukrainian crisis, which is likely to spread over the next year, the Egyptian economy is expected to grow by 4.2% by the end of the current fiscal year 2023-2022.
Al-Saeed said that with the development of inflationary trends in the Egyptian economy and despite the success of the state in curbing it and reducing it from very high levels (25% in 2017-2016) to less than 5% in 2021-2020, the rate increased to about 15% in 2022, and continued to rise, especially after the Russian-Ukrainian crisis.
Foreign direct investment in Mozambique increased by 68% in 2021, the report said, noting that these investments were largely directed to green projects in the energy sector.
Nigeria accounted for 5.8% of FDI inflows to Africa and Ethiopia 5.1% despite economic challenges.
The bulk of foreign direct investment in these countries is increasingly going to clean energy resource projects.
Mauritius and South Africa recorded the largest outflows in 2021, but a few countries recorded net inflows, including Egypt ($18 billion) and Nigeria ($5.9 billion).
The Bank estimates that capital flight through net investment outflows continued in 2022 at around $28 billion, which is close to the 2021 level due to higher interest rates linked to deflationary monetary policies in developed countries.
Official development assistance (ODA) to Africa stabilized at $65 billion in 2021 after the previous 28 percent jump in 2020.
The significant increase in such assistance since 2020 reflected the support provided by the international community to help African governments address the humanitarian, social and economic impacts of the coronavirus epidemic and the difficult global economic conditions.
The African countries that saw the largest increase in ODA in 2021 included Egypt (428%), Equatorial Guinea (115%), Angola (109%), Gabon (82%) and Sudan (60%).
The report pointed out that official development assistance to Egypt during 2021 amounted to about 8.2 billion dollars, Ethiopia 4 billion dollars, Sudan 3.8 billion dollars, the Democratic Republic of the Congo 3.5 billion dollars, Nigeria 3.4 billion dollars, and Kenya 3.1 billion dollars.
African countries need to leverage this external support to address existing vulnerabilities and build more resilient economies, given the risks that advanced economies are reallocating resources for reconstruction and humanitarian assistance in Ukraine at the expense of meeting the continent ’ s official development assistance commitments.
Ukraine received $16.1 billion in net official development assistance (ODA), equivalent to 7.8 percent of the total aid resources provided last year.
It is noteworthy that the report was launched in light of the annual meetings of the African Development Bank Group held under the auspices of President Abdel Fattah El Sisi in Sharm El Sheikh from 22 to 26 May.

What trends are emerging for African startups in 2022?

Mozambique attracted $5.1 billion in foreign direct investment in 2021, with Nigeria accounting for 5.8% of FDI inflows to Africa.

Which African countries are driving the venture capital ecosystem?

The construction industry has seen significant investment, with FDI financing increasing 53% year-on-year and the FDI amount surging 91% in 2022.

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Content: Global foreign direct investment reached US $1.65 trillion last year
January 20, 2022 23: 51
Eastern Network Television
More News Clips
(Photo by Getty Images)
Foreign media reported that the latest report of the United Nations shows that global foreign direct investment (FDI) surged by 77% year-on-year last year to US $1.65 trillion, far higher than US $929 billion in 2020, but the distribution of overseas funds is uneven, mainly concentrated in the developed countries of the United States and Europe, accounting for nearly three-quarters, followed by the developing countries and the poorest countries.
According to the report, FDI from rich countries was estimated at $777.7 billion last year, three times as much as in 2020.
Benefiting from the surge in cross-border M & A transactions, FDI in the United States increased by 114% compared to 2020, and in Europe by more than 80%.
FDI inflows to developing countries last year increased by 30% year-on-year to close to US $870 billion, including accelerated growth in East and Southeast Asia, a return to near pre-pandemic levels in Latin America and the Caribbean, and an increase in West Asia.
There was also more foreign capital flowing into Africa last year than in 2020, with most companies seeing an increase in FDI.
In terms of industry, construction was the big winner last year, with the number of financing increased by 53% year-on-year and the amount of money also surging by 91%, mostly from high-income regions and Asia, Latin America and the Caribbean.

Energy and gas supply FDI increased to $120 billion in 2022, with the construction sector FDI rising to $24 billion.

European investors own the largest FDI in Africa, with the UK leading FDI in Africa with $60 billion.

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

The UK holds $65bn in total FDI stock in Africa as of 2020, with five new oil and gas deals worth £2.1bn struck in 2022.

Title:

Content: When asked for his views on diversification as a strategy for portfolio management, Warren Buffett responded, “diversification is protection against ignorance”. Instead of a diversified portfolio, the Oracle of Omaha famously prefers a concentrated one, composed of a few sectors he has rigorously studied.

The UK’s investment strategy for the African continent is seemingly straight out of the Buffett playbook. As of 2020, the UK holds $65bn in total foreign direct investment (FDI) stock in Africa, second only to China. The vast majority of the portfolio is in oil, gas, mining and financial services.

In 2022 five new oil and gas deals worth £2.1bn were struck at the UK-Africa summit. In stark contrast, just £161m (8% of the total summit commitments) were invested in clean energy. One may agree with the UK’s strategy, suggesting that there aren’t many other high-yield investments to be made other than in oil majors, legacy miners and grey-haired banks. And besides, who would disagree with Buffett’s dictum? He is the sixth-wealthiest person in the world after all.

The truth of the matter is that Buffett would not be as wealthy as he is without adapting to changes in market trends, technologies and geopolitics. In May he sold his remaining stake in chip manufacturer TSMC due to geopolitical considerations (TSMC is based in Taiwan). A concentrated portfolio does not mean a stagnant one. It is this insight that the UK is overlooking, setting itself up to miss opportunities in those new industries rapidly taking shape across the world’s youngest and most promising continent.

Two trends are shaping markets across the continent. One of these is the adoption of financial technologies and the other is increased demand for healthcare, a consequence of Africa’s population boom and rising standards of living.

Fintech sector

McKinsey, a consultancy, estimated that revenues in the African fintech sector could surge eight times their current value to $30bn by 2025. Between 2020 and 2021 alone, the number of tech start-ups tripled to 5,200 companies. In 2021, seven of the 10 newly minted African unicorns (private companies valued over $1bn) are fintechs. As more Africans get connected and as digital identification verification models mature, fintechs will scale and profits will follow.

The second sector is pharmaceuticals. As Africa’s population grows and incomes rise, more money will be spent on healthcare. Within this sector, the Covid-19 pandemic laid bare the worrisome state of Africa’s vaccine and therapeutic manufacturing capabilities. Estimates vary, but some assessments forecast vaccine demand to double in volume from about 1-billion doses now to more than 2.7-billion doses by 2040. Industries adjacent to pharmaceuticals such as logistics, packaging and protective equipment are likely to cash in on increased private and public healthcare expenditure.

There are some positive signs that the newly revamped British International Investment (BII), formally the Commonwealth Development Corporation, is adjusting its investments because of these market trends. In 2020, the BII made a $150m investment in Kelix bio, a pan-African pharmaceutical platform focusing on manufacturing and marketing. It also executed a $20m, four-year structured credit deal with Moove, a fintech company that provides customers with cheaper access to vehicles.

Risk premium

These steps are positive but they are small. Inward FDI for Africa remains pitiful. Last year set a record for the continent, bringing in $83bn. To put this in context, the City of London in 2020 hit $831bn in FDI (10 times that of a continent of 54 countries), according to the Office of National Statistics.

What to make of this all? At least two insights. First, the UK should look to new sectors, taking bold bets in companies leading the fintech and pharmaceutical sectors. The second insight is that Africa’s risk premium is overpriced. There is opportunity beyond the industries of the 20th century; one just needs to look for them.

• Nott works for a venture facility for public benefit and is based in London. He writes in his personal capacity. You can follow his writing on Twitter @TheAfricaBrief.

Picture: 123RF

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

India is the fifth largest investor in Africa, with Japan and South Korea investing in the continent's automobile and electronics industries, respectively.

Title:

Content: Japan, Korea and India experience to expand Africa, Taiwan and Africa entrepreneurs association
The “Taiwan-Africa Entrepreneurs Association ”, commissioned by the International Trade Bureau of the Ministry of Economic Affairs, attracted more than 130 enterprises interested in exploring the African market. The exhibition and consultation desk at the representative office showed that our company's desire to expand the African market is very hot.
The theme of the event was “The Key to Success for Foreign Investors (Japan, Korea and India) in Expanding Africa ”. The event was addressed by Wang Ximeng, Secretary General of the Foreign Trade Association, Liu William, Deputy Director of the Bureau of International Trade of the Ministry of Economic Affairs, Msibi, Ambassador of the Kingdom of Swaziland, and Chen Shu-fang, President of the Association of Taiwan Commerce. In addition, Hung Sheng Packaging General Manager Tang Jung-hung, Yi Ho Industrial General Manager Fu Yang-li, and Nam Wei Industrial Strategy Director Yang Wei-han analyze the development opportunities in Africa from their practical experience in the packaging, building materials, and textile industries.
Wang Ximeng, secretary general of the Foreign Trade Association, pointed out that in addition to the competition between Europe, America and China over the layout of the African continent, Japan, South Korea, India and other countries in Asia are committed to increasing investment and economic cooperation in Africa.
There are more than 1.3 million people of Indian descent in Africa, such as in East Africa, where more than 60% of the economic lifeline is controlled by Indians.
In addition, 18 of India's 25 newly established embassies and consulates are located in Africa, and India has become the fifth largest investor in Africa, while Japanese automobile manufacturers Toyota, Nissan, and electrical appliance giant Toshiba have already planted flags in Africa; South Korea's Hyundai, Samsung, LG and other large enterprises have also been stationed in Africa.
Through this event, we hope to help our business people to learn from foreign companies such as Japan, Korea and India, as well as African market leaders, and shorten the path to enter the African market.
Liu, deputy director of the International Trade Bureau, said that in recent years, the global economy has continued to be volatile due to changes in the international situation such as Sino-US trade frictions, global inflation, and the Russian-Ukrainian war, but Africa has shown great resilience during this period.
In addition, foreign direct investment in Africa reached US $45 billion in 2022, which has returned to the pre-epidemic level, indicating that confidence in investment in Africa has gradually recovered. In 2022, the total import and export value of Africa reached a new high in recent years, with imports reaching US $694.5 billion, up 14%, and exports reaching US $661.4 billion, up 19%. It is hoped that through the activities of the association, upstream and downstream companies in various industries can learn from each other and share their experiences, and work together to promote Taiwan-Africa economic and trade relations.
The event will be held in conjunction with AGOA, a major textile manufacturer in South China, and the representative offices of African embassies in Taiwan, Africa-related associations, and import and export banks providing trade and financial services. For more information, please visit africa.taiwantrade.com for more information.

Which countries are actively investing in Africa besides China?

India
Europe, U.S. Japan, South Korea, India

Africa's fintech sector revenues may surge to $30bn by 2025, with 5,200 tech start-ups existing in Africa between 2020 and 2021.

Seven African unicorns in 2021 were fintechs, with vaccine demand in Africa expected to double to 2.7-billion doses by 2040.

Inward FDI for Africa was $83bn in the last year, with FDI flows into Africa declining by 16% in 2020 to $40 billion.

Title:

Content: Global investors waiting to pour in money in Africa to firewall China

By IANS | Published: August 2, 2021 02:09 PM2021-08-02T14:09:05+5:302021-08-02T14:25:34+5:30

New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the ...

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New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the Covid-19, investors are once again warming up to the continent. According to the United Nations Conference on Trade and Development (UNCTAD), FDI flows into Africa declined by 16 per cent in 2020 to $40 billion, from $47 billion in 2019.

China, the primary investor in the continent, has also slowed down its investments into the continent leaving an opportunity for other investors.

While the UNCTAD projected FDI inflow into Africa to grow this year, it said that the slow vaccine roll-out programme is a cause for concern. According to UNCTAD, FDI to the continent is projected to grow by only 5 per cent in 2021. But analysts said Africa as an investment destination has led to "an unprecedented curiosity" among other countries, which are now aggressively looking to mute China's dominance in the continent.

"Africa is critical in the new geopolitical and geo-economic contours. The continent, with its vast natural resources, offers a ready growth platform," an analyst told India Narrative.

According to a study published by Brookings Institution last week, Africa is home to 17 per cent of the world population. However, by 2050, it will have 26 per cent of the global population 2.53 billion people. "If Africa is not successfully integrated into the global economy, there could be a major threat to global prosperity and stability," the study said, adding that by 2050, the continent will be home to an estimated $16.12 trillion of combined consumer and business spending.

The African Continental Free Trade Area (AfCFTA) – the mega trade could give a push to intra-continental investment.

Touted as one of the biggest trade deals in the world, the AfCTA aims to create a single market comprising 1.3 billion people with a combined GDP of about $3.4 trillion.

Meanwhile, the US may have woken up late in recognising the potential of Africa but is making all attempts to make up for the lost time.

The Group of Seven or G7 has already decided to support US President Joe Biden's proposal of carving out a mega infrastructure plan under the "Build Back Better World" (B3W) initiative, expected to bring in transparency and sustainability. Besides, the initiative will be carried out only in consultation with local communities.

The G7 in its meeting in June also announced that it will increase its support to the Indo Pacific and Africa. "We resolve to collaborate with partners around the world, including in the Indo-Pacific and Africa, to actively promote these shared values for the good of all," said the statement.

India too has pressed the pedal on investments in the region. Sources said that the still-born Asia Africa Growth Corridor—the mega infrastructure project that was launched in 2017 to connect Asia and Africa must be revived.

Carnegie Endowment for International Peace noted that Chinese financiers committed $153 billion to African public sector borrowers between 2000 and 2019. "After rapid growth in the 2000s, annual lending commitments to Africa peaked in 2013, the year the BRI was launched. By 2019, though, new Chinese loan commitments amounted to only $7 billion to the continent, down 30 percent from $9.9 billion in 2018," it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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However, FDI inflow into Africa was projected to grow by 5% in 2021, with new FDI projects announced in Africa reaching $39 billion in 2021.

Renewable energy projects in Africa increased to 71 in 2021, with FDI to South, East, and West Africa seeing a slight increase in 2021.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

The AfCFTA aims to create a single market with 1.3 billion people and $3.4 trillion GDP, with the US investing in Africa through the "Build Back Better World" initiative.

Which countries are actively investing in Africa besides China?

The G7 has also increased support to Africa and the Indo Pacific regions, with Chinese financiers committing $153 billion to African public sector borrowers between 2000 and 2019.

Chinese loan commitments to Africa decreased to $7 billion in 2019, with India having 18 new embassies and consulates in Africa.

Which countries are actively investing in Africa besides China?

Over 1.3 million people of Indian descent live in Africa, with 60% of East Africa's economy controlled by Indians.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Tanzania attracted US$1 billion in foreign investment in 2020, while Rwanda's foreign investment dropped to US$135 million in the same year.

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Content: Rwanda foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

By David Himbara

Kagame government says it “registered” US$1.3 billion in foreign investment in 2020. In reality, foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

The government of General Paul Kagame is always in fantasy land. Rwanda Development Board (RDD) reports that it “registered” US$1.3 billion in 2020. In reality, Rwanda attracted a mere US$135 million in foreign investment in 2020.

But RDB further fantasizes as follows: “Real estate and construction and manufacturing accounted for 68% of all investments registered at 48% and 20% respectively. Other sectors that attracted significant investments include agriculture, ICT, energy, mining and financial services.”

As noted, foreign investment in Rwanda dropped from US$354 million in 2019 to US$135 million in 2020. Comparatively, Tanzania attracted the largest share of foreign investment in the East African Community (EAC).

Foreign investment in Tanzania increased from US$991 million in 2019 to US$1 billion in 2020. Foreign investment in Uganda dropped from US$1.2 billion in 2019 to US$823 million in 2020. Foreign investment in Kenya dropped from US$1 billion in 2019 to US$717 million in 2020. Stay tuned.

Uganda's foreign investment dropped to US$823 million in 2020, with Kenya's foreign investment dropping to US$717 million.

Rwanda's real estate and construction accounted for 48% of investments, with manufacturing accounting for 20% of Rwanda's investments.

Agriculture and ICT attracted significant investments in Rwanda, with energy and mining also attracting investments.

What trends are emerging for African startups in 2022?

Tanzania had the largest share of foreign investment in the EAC, with Rwanda's foreign investment being US$354 million in 2019.

Egypt's net foreign direct investment is expected to rise to $10 billion in 2022/2023, with FDI in Egypt expected to reach $16.5 billion in the 2024-2025 fiscal year.

Title:

Content: Tuesday 27 February 2024
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Portal of Parliament
Parliamentary: Egypt has become the most important investment destination in Africa and the Arab world
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MP Ibrahim El-Deeb, a member of the House of Representatives, said that Egypt is one of the most important investment destinations in the African continent and Arab countries, especially after following various ways that would attract foreign investment and employ it in vital sectors in favor of economic growth, and the recent period is the best evidence of this.
El-Deeb pointed out that Egypt ranked first in North Africa in attracting foreign direct investment according to the United Nations Trade and Development Report 2020, where it succeeded alone in acquiring 15% of the total investments flowing to the continent of Africa according to a report issued by the United Nations for Trade and Development on global investment in 2021.
"The International Monetary Fund has already announced that foreign direct investments will register continuous growth in Egypt, where it is expected to reach 16.5 billion dollars in the fiscal year 2025 – 2024, and what has been achieved on the ground during the last few hours confirms that Egypt is on the right track in the file of direct investment."
He pointed out that foreign direct investment (FDI) is one of the main engines of economic growth in the countries and contributes to the expansion of the investor base in the country, as well as to solve the problem of unemployment through the creation of new jobs and the introduction of new advanced technology for the state, and to learn about modern methods of management, organization and marketing, which leads to the acquisition of national workers. and more experience.

Which African countries are driving the venture capital ecosystem?

Egypt is the top investment destination in Africa and the Arab world, with FDI contributing to economic growth and job creation.

Which African countries are driving the venture capital ecosystem?

FDI helps introduce new technology and management methods, with Egypt attracting foreign investment in vital sectors.

Which African countries are driving the venture capital ecosystem?

The UN reports Egypt's FDI growth in 2020 and 2021, with the IMF predicting continuous FDI growth in Egypt.

Which African countries are driving the venture capital ecosystem?

Egypt has 15% of Africa's total foreign direct investment, with the country ranking first in North Africa in attracting foreign direct investment in 2020.

Which African countries are driving the venture capital ecosystem?

Zambia offers tax exemptions on dividends for farming profits for the first five years, with South Africa aiming to reduce the cost of doing business to attract FDI.

Title:

Content: Part I: Attracting Foreign Investment into Africa may not come from the Sweet Stories we tell Foreigners

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By Edward Chisanga

I attended an Investment Forum in Utopia last week where Utopian countries had a rare opportunity to speak their minds out to foreigners who had attended in large numbers together with their Heads of State. The Master of ceremony began by introducing the private sector from rich countries present from France, UK, USA, Germany, Netherlands, and others from the EU membership before turning to the Utopian Heads of State and their groups.

What Foreign Investors Heard

Then he called upon one Utopian Head of State to speak on behalf of all the fifty-five African countries in attendance to list compelling factors that would captivate foreign investors from rich countries to go and invest in Africa.

The President began, “Africa is a huge piece of land, most of which is underutilized. All the countries that I represent here boast of huge land available for you investors. Come and invest in Africa, the continent of the future.” Then the President turned to one of the Presidents in his group and allowed him to speak about his country’s promotion of investment.

“Zambia has one of the most open trade environments in Africa and is a member of the Southern Africa Development Community (SADC) and the Common Markets for Eastern and Southern Africa (COMESA). Businesses in Zambia benefit from one of the lowest profit taxes in the region. Increasing regional cooperation through multilateral organisations, including SADC and the African Union should continue to reduce the likelihood of interstate conflict.” Then he highlighted ‘Some of the government incentives to FDI as:

  1. Dividends paid out on farming profits are exempt for the first five years of activity.
  2. Initial allowance of 10% on capital expenditure incurred on the construction or improvement of an industrial building is deductible.
  3. Foreign exchange losses of a capital nature incurred on borrowings used for the building and construction of an industrial or commercial building are tax deductible.
  4. Income earned by companies in the first year of listing on the Lusaka stock exchange qualifies for a 2% discount on the applicable company tax rate in the particular sector. However, companies with more than 1/3 of their shareholding in the hands of Zambians qualify for a 7% discount.
  5. Implements, machinery and plant used for farming, manufacturing or tourism qualify for wear and tear allowance of 50% of the cost per year in the first two years of activity.

He continued, “Investors who invest at least USD250,000 in any sector or product not provided for as a priority sector or product, is entitled to non-fiscal incentives such as investment guarantees and protection against state nationalization and protection against non-commercial risks (Zambia is a signatory of Multilateral Investment Guarantee Agency).”

Then the moderating African President turned to South Africa’s President and gave him the floor. President Cyril Ramaphosa was quick and went straight to the point by referring his audience to his weekly newsletter output, ‘From the Desk of the President,’ and repeated the points he recently made in the United Kingdom, “Government has a bold vision to be a destination of choice for foreign direct investment and this requires far-reaching reforms. These include reducing the cost of doing business for both large and small businesses, improving the quality of South Africa’s institutions, enhancing administrative efficiency and governance systems.”

When the turn of the Ethiopian Prime Minister came, he repeated what he had said at the 2019 Davos Meeting in Switzerland, “Investment in infrastructure has contributed a lot to the growth and attracted FDI, making Ethiopia one of the leading FDI destinations in Africa.”

Based on what the three African countries presented as their selling points to attract FDI, the President speaking on behalf of Africa retorted, “The three African countries that have just spoken present a strong representative basis for me to conclude that Africa is ripe and ready for FDI. “You have heard yourselves from the horses’ mouths,” He proudly said. “There’re similar incentives in Rwanda, Benin, Lesotho, Burkina Faso and all other countries. It’s time for you to come and invest in Africa.”

What Foreign Investors do not hear.

Despite the repeated sweet stories coming from African leaders, there’re equally important things that Foreign Investor don’t hear but that they are aware of.
About Zambia, an UNCTAD Investment Report reports, “Zambia’s infrastructure, whose poor quality is a barrier to investment, should be strengthened by investments in the road network, railways and the construction of power plants. In 2021, a USD 11 billion standard gauge railway project was announced in Zambia, involving US capital, which would expand essential transport links with the outside world. The regulatory environment does not favour entrepreneurial activity, the requirements for commercial licenses being long and costly, and the application of regulations not being uniform. In addition, the protection of property rights and the enforcement of contracts are still weak by international standards.”

As the author of this article is a Zambian living in Zambia, he is aware of the challenges coming the country’s energy sector. We have loadshedding in Zambia which Foreign Investors are aware of. They’re aware that the Mining sector, the country’s brain earner depends on use of energy, yet it is not exempted from malady of shortages. Equally, they know how much Zambia’s private sector suffers from energy shortage and its effect on business.

In South Africa, despite sweet stories, except only in 2021inward FDI flows have been declining significantly since 2010 as Figure 1 below shows. Even if this dwindling trend were to be attributed to other factors, the deteriorating energy situation in South Africa is playing a multiplier effect on FDI and the overall economy. Yet, South Africa like other African countries’ Heads of State turn a blind eye on the matter. As for many other things going unwell, they simply don’t tell the truth about the energy crisis.

In Ethiopia, Laments Omer Redi, “The crisis in the power supply has reached such a critical point that blackouts now occur every other day.” Fortune adds, “It is obvious that Ethiopia is now in such a serious power crisis that it has been forced to introduce load shedding.” There are other voices no longer silent. Said Kevin Daly of London based investment company, “Ethiopia is uninventable now. The political situation is very tenuous, and there is a lack of information and clarity on the economy, and on how things are going to be resolved.”

Concluding

Policy coherence is defined by the OECD as, “The systematic promotion of mutually reinforcing policy actions across government departments and agencies creating synergies towards achieving the agreed objectives.” The wonderful incentive packages must be complemented with other key inputs to build a whole.

For example, just as a motor vehicle cannot move smoothly if one key part falls off, you cannot attract adequate FDI with a list of incentives only when the energy sector, upon which industry depends is in crisis. Fix energy, infrastructure, human skills, corruption, rule of law, security, etc to arrive at a complete package of what attracts FDI. FDI goes to Asia because there’s no infrastructure, human capital, or energy crisis.

All these are well built. Asia also has bigger land than Africa. We cannot keep on using obsolete factors that are abandoned by others to attract FDI. It’s like always saying, “Come to Zambia and see the Victoria Falls.” Foreign Tourists now go to beautiful cities without dust, simply to visit, feel safe and talk to honest and humble citizens with Asians largely qualifying in almost all these. Our cities, including Livingstone, are not ripe for serious tourism that builds wealth.

Foreign Investors or tourists are not our uncles on whose shoulders we will simply cry and await their positive response. They will not come simply because we are democratic and shout that Zambia is ready for business. They are not cajoled by sympathy or simply because Zambia’s leadership change occurs smoothly. They have not come since change from Kaunda to Chiluba or Chiluba to Banda or Banda to Sata which were all peaceful and democratic. We must understand what their needs are. If we don’t provide, they’ll go to Asia.

Ethiopia's investment in infrastructure contributed to its FDI growth, with Zambia's infrastructure being a barrier to investment due to poor quality.

South Africa's inward FDI flows have been declining since 2010, with energy shortages affecting Zambia's mining sector and private businesses.

Ethiopia faces a critical power crisis with frequent blackouts, with Zambia's regulatory environment not favoring entrepreneurial activity.

Investment guarantees are available for investors in Zambia, with Africa's FDI attractiveness requiring improvements in energy, infrastructure, and governance.

Foreign direct investment in Mozambique increased by 68% in 2021, with Nigeria's foreign direct investment inflows rising 103% to $4.844 billion.

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Content: « Money » monitors the forecasts of economic analysts for foreign investment flows in the current year
A number of them predicted it would reach $10 billion.
Samar Al-Sayed
Praying for Mahmood
6: 59 AM, Wednesday, 27 Jul 22
Wael Ziadeh: The Russian-Ukrainian war is an opportunity for the Egyptian stock exchange to attract more capital
Esraa Ahmed: Clean energy, infrastructure and digital financial services are the most attractive sectors
Hani Geneina: Companies should be encouraged to reinvest their profits instead of transferring them to parent entities abroad
Naaman Khaled: Most of the money will come from Gulf markets
The Egyptian government aims to increase foreign direct investment flows, especially the Gulf, in the local market in the coming period, in light of the repercussions of the Russian-Ukrainian war on the global and local economies, and a number of analysts and macroeconomic experts estimated the value of these investments to reach $10 billion, driven by various factors, including the decline in the stock prices of companies on the stock exchange, and the exchange rate of the pound against the dollar.
The latest report issued by UNCTAD in June on the volume of foreign investment flows in 15 African countries last year showed that Egypt ranked second in the list, recording the volume of flows about 5.122 billion dollars compared to 5.852 billion in 2020 compared to 9.010 billion in 2019.
South Africa came first last year with a 1,235% jump in investment inflows of $40.889 billion compared to $3.062 billion in 2020 and $5.125 billion in 2019.
Wael Ziadeh, founder and CEO of Zela Capital, said that the Russian-Ukrainian war had negatively affected foreign direct investment flows in the world, while inter-state assistance had increased to counter the negative consequences of the war.
He explained to Al-Mal that these negative effects included the exit of investment flows from some emerging countries, which led to the impact of their trade balance, especially as their imports of food and oil more than their exports, for example Turkey and many European countries, as well as Sri Lanka.
On the other hand, the war represents a positive area for these countries, especially in activating the stock market sector, he said, adding that in this context, the Egyptian Exchange has opportunities to attract more foreign investments in the coming period.
He predicted that Egypt will take no more than six months to recover its trade balance once the war is over, as the prices of petroleum products and food will fall rapidly, as they rose rapidly after the outbreak of the war.
The objectives of the Egyptian government published in July 2021 in the second and final review report of the Credit Standby Arrangement Program signed with the International Monetary Fund, amounting to about $5.4 billion, indicated that the percentage of net foreign direct investments of GDP will rise to 2.5% in the current fiscal year compared to 2% in the last fiscal year, adding that it recorded 1.4% in the fiscal year 2021 / 2020, 2% in 2019 and 2.6% in 2019. / 2018.
These targets pointed out that the proportion of net foreign direct investment will jump to 3% of GDP in the fiscal year 2025 / 2024 compared to 2.9% in 2023 / 2024.
The government also expected in the report to increase the volume of foreign direct investment flows in the local market to about 11.7 billion in the current fiscal year against 8.6 billion dollars in the last fiscal year 2022 / 2021 to rise to 14.9 billion in the next fiscal year (2023 / 2024) and 16.5 billion in 2025 / 2024.
According to the Central Bank of Egypt ’ s forecasts issued in its statistical bulletin for May, the proportion of net foreign direct investment in GDP declined to about 1.3% in the fiscal year 2020 / 2021 compared to 2% in the fiscal year 2019 / 2020, adding that it was 2.7% in the fiscal year 2018 / 2019 and 3.1% in the year 2017 / 2018.
Economist Hani Geneina predicted that the value of net foreign direct investments in the local market will exceed 10 billion dollars in the coming period, due to several different factors, including the decline in the prices of shares of companies in the stock exchange and the exchange rate of the pound against the dollar.
However, Egypt was the second largest recipient of foreign direct investment in the African continent, he said, adding that recent pledges from Gulf countries to invest about $22 billion in various sectors will boost foreign direct investment in the future.
The number of new green projects in Egypt has more than tripled to $5.6 billion, according to the UNCTAD report, pointing out that for example, the UAE real estate company Reportage announced a real estate project worth $1.5 billion.
According to the report, the volume of foreign direct investment flows to North Africa declined by 5% to $9.3 billion last year.
Geneina told Al-Mal that the flows of foreign direct investments to the markets are divided into three types, the first is the acquisition of one company on another by more than 10%, pointing out that this investment happened last fiscal year, such as the acquisition of the UAE Holding “ADQ ” on several Egyptian companies, pointing out the importance of this type of investment, but it is not very useful in the list of foreign investments.
This type of rapid investment is encouraged by the decline in both stock prices on the stock exchange and the exchange rate of the pound against the dollar, as well as the recent government stimulus measures that included the implementation of the state ownership document.
The document of state ownership announced by the government in mid-June revealed the most prominent sectors that will witness the stabilization or reduction of government investments (while allowing the participation of the private sector), a number of activities in the transport, education, mining, real estate, electricity, telecommunications and sports sectors.
Geneina said that the second type of flows is the reinvestment of a foreign company present in the market for its profits again, pointing out that this type is classified in the balance of payments as foreign direct investments.
He added that the most prominent local sectors that will go to this type of investment is oil and gas, due to the high value of its profits achieved last fiscal year, and will therefore reinvest its large financial surpluses during the current fiscal year.
He pointed out that the third type of investment is the most difficult, which is the establishment of a new company or project from the beginning, and the employment of new workers, pointing out that for example, Dana Gas announced that it will expand its operations implemented in the local market.
This area is likely to witness an increase during the current fiscal year, especially in the oil and gas sectors and related sectors, namely petrochemicals and fertilizers, especially by Gulf investments in light of the features announced recently by the government, namely the state ownership document, the gold license, as well as the large financial surpluses they have, which motivates them to invest in the local market.
In mid-May, Prime Minister Mostafa Madbouly announced a number of concessions on the industrial sector, most notably the issuance of the golden license for some projects, pointing out that it will be granted once and include three areas as a start, namely green hydrogen, electric car manufacturing and infrastructure, seawater desalination projects and renewable energy.
Geneina stressed the importance of the government encouraging foreign companies to reinvest their profits in the local market instead of transferring them to parent companies abroad by providing incentives to urge them to take this step.
According to the latest UNCTAD report, Mozambique ranked third in the list of foreign investment flows to 15 African countries last year, and its inflows rose by 68% to $5.102 billion compared to $3.035 billion in 2020, while it recorded 2.212 billion in 2019.
Nigeria ranked fourth on the list, attracting inflows of 4.844 billion over the past year, an increase of 103 percent from the previous year, the data added, adding that it recorded 2.385 billion in 2020 and 2.305 billion in 2019.
Ethiopia followed in fifth place, and foreign direct investment inflows increased last year by 79% to $4.259 billion compared to $2.381 billion in 2020.
In the sixth place came « Congo » with the volume of flows of $3.691 billion, a decline of 8% from its value in 2020, and recorded 4.016 billion dollars, followed by Ghana in the seventh place in the list and increased flows by 39% to reach 2.614 billion dollars during 2021 compared to 1.876 billion in 2020.
According to data from the UNCTAD list, foreign direct investment flows in Senegal jumped by 21% to 2.232 billion against 1.846 billion dollars in the previous comparison period.
According to the report, the value of flows to Morocco increased by 52% last year to $2.153 billion, and a major international financing deal was announced there, a $20 billion construction project for a 3,800km transmission line to the UK with a capacity of 3.6 gigawatts, sponsored by English company Xlinks.
The Democratic Republic of the Congo ranked 10th on the list, with investments up 14% to $1.870 billion compared to $1.647 billion in 2020.
Gabon came in eleventh place, with direct investment flows falling by 5% last year to record 1.635 billion dollars compared to 1.717 billion in 2020, followed by Uganda, with flows rising by 31% to 1.142 billion dollars compared to 874 million in 2020.
Tanzania ranked 13th, with foreign investment up 35 percent in 2021 to $922 million compared to $685 million in 2020.
According to the bulletin, investment flows in Algeria decreased by 24% last year to $870 million compared to $1.143 million in 2020, pointing to the decline of investments in Tunisia to $660 million compared to $652 million in 2020 to be ranked 15th.
Esraa Ahmed, a macro-economic analyst at the investment bank “Ahly Pharos ”, agrees with Geneina ’ s opinion as she expects the volume of net foreign direct investment in Egypt to rise to about $10 billion during the current fiscal year (2022 / 2023), up from levels that will not exceed $7 billion in the fiscal year ending 2021 / 2022.
She added that this rise is driven by the Gulf investment flows that have been announced recently, and the acquisition deals that we see are witnessing activity during the current period.
There are other factors that may prevent net foreign direct investment from rising to larger numbers in the near future due to the continuation of the war in Ukraine and its repercussions on the global economy.
According to Ahmed, these factors are the economic situation of the European Union, which is an important partner for Egypt in terms of trade and investment, in addition to the general reluctance globally to risk starting new projects, and the prevailing outlook for emerging markets and the risks of their currencies.
On the sectors that may witness foreign inflows during the coming period, she said that the most prominent of them are clean energy, new infrastructure driven by the expansion of the state in this field, in addition to digital financial services, and some branches of manufacturing industries.
For his part, Numan Khalid, a macro-economic analyst at Arqaam Capital, said that the current circumstances in the world prevent the possibility of predicting the volume of foreign direct investment flows in the local market during the coming period.
He added that most of the investments come from the Gulf market, especially from Saudi Arabia and the UAE, pointing out that these two countries have benefited greatly from the recent increases in oil prices, and thus have a great financial solvency through which to invest in surrounding countries, especially in Egypt, which is one of their target markets.
He pointed out that health, hotels, real estate and the financial sector will witness an increase in the volume of investment flows to them during the coming period.
During his participation in the Qatar Economic Forum last June, the Minister of Finance, Mohamed Maait, looked forward to increasing the volume of Gulf investments with the transformation of their deposits in Egypt into real investments that benefit from the promising development opportunities available in various fields.

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Morocco's foreign direct investment flows increased 52% to $2.153 billion in 2021, with Egypt's foreign investment flows reaching $5.122 billion.

South Africa's investment inflows jumped 1235% to $40.889 billion in 2021, with clean energy and infrastructure being attractive sectors for foreign investment.

Gulf countries pledged $22 billion in investments in Egypt's various sectors, with foreign direct investment in Africa expected to increase in sectors like oil and gas, petrochemicals, and fertilizers.

Which African countries are driving the venture capital ecosystem?

Capital flight through net investment outflows was $28 billion in 2022, with official development assistance to Africa stabilizing at $65 billion in 2021.

Mauritius and South Africa recorded the largest outflows in 2021, with Egypt recording $18 billion net inflows in 2021.

Which African countries are driving the venture capital ecosystem?

COMESA's FDI grew by 14% to $22 billion, with SADC's FDI quadrupling to $10 billion.

WEMU's FDI doubled to $5.2 billion, with the East African Community's FDI rising 9% to $3.8 billion.

Africa is the fastest-growing cryptocurrency market, with Nigeria's central bank lifting a ban on cryptocurrency transactions.

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Content: In 2023, standards became higher than ever for global tech. Customers want to be able to buy something in two clicks but still need in-person customer service. Workers want to work digitally, ideally from a beach somewhere, while maintaining a connection with their colleagues. And the truth is these standards are unlikely to get lower soon.

In Africa, the tech scene hasn’t been any less dramatic. It was, in many ways, a market correction. Several startups shut down, while many others survived by bone-deep cost-cutting or mergers and acquisitions. Founders and investors have gone from chasing Silicon Valley-esque growth to seeking a balance with the African market. Between 2020 and 2023, African tech went from the “peak of inflated expectations” point to the “plateau of productivity” side of Gartner’s hype cycle.

Now, what’s next? That’s what everyone wants to know as we enter a new year. Predicting the future is hard and risky. But it’s even harder in the digital tech industry because, as we’ve seen in the past three years, things change fast and dramatically. However, 2023 gave several pointers to trends we should all pay attention to in the new year.

Crypto/Web3

2022 was a rough year for the crypto market. Everything went wrong, from Terra’s downfall to FTX’s scandal. But 2023 was a lot better as Bitcoin ended the year over 150% higher than where it started. The Solana blockchain also made a dramatic comeback, with its token rising over 1000%.

Why does this matter? Because price is still the main driver of the crypto ecosystem. Funding pours into startups when prices are high and dry up when prices are low. It also means the hype bubble will likely return because markets become irrational in the face of high prices.

Africa is the fastest-growing cryptocurrency market among developing economies, primarily because people seek to hedge against inflation. Young people are drawn to low-barrier opportunities to generate wealth, which is crypto’s biggest use case today.

Africa’s regulatory environment is also slowly buying into crypto. In December, Nigeria’s central bank lifted a ban on cryptocurrency transactions, saying global trends had shown a need to regulate such activities.

Artificial intelligence

AI has become the rave of the moment, thanks to OpenAI’s breakthrough with ChatGPT. The chances that an image or text you see on social media are products of generative AI are higher than ever. Every big tech player is in the race for AI dominance. Google launched Gemini in December, a few weeks after Elon Musk’s xAI launched Grok, another ChatGPT competitor.

One in every four dollars that went into the pocket of an American startup was related to AI, per Crunchbase data. According to McKinsey data, AI startups garnered over five times as much funding in the first half of 2023 as they did over the same period in 2022. Global demand for talent in this section also spiked in 2023. LinkedIn job postings that mention AI or generative AI have more than doubled since 2021.

In Africa, we are seeing more startups either focus on AI or apply it to their processes. For instance, OnePipe, a Nigerian fintech, uses artificial intelligence for fraud detection and prevention and biometric verification for customer KYC implementation. It also uses natural language processing for conversational transactions. Nokwary, a Ghanaian startup, uses speech recognition and conversational user interfaces to enable visually impaired people and those who can’t read and write to interact with banking apps and systems through spoken commands.

The biggest challenge to an AI boom in Africa is data. However, this poses a huge opportunity for research and data collection companies in the continent.

Mergers and Acquisitions

Many startups shut down between 2022 and 2023, either because they couldn’t raise more cash or because tough economic times got the better of them. But that wasn’t the only trend that emerged. Many others survive by getting acquired. Nearly 70 acquisitions have happened between 2022 and 2023, according to data from The Big Deal and BD Funding Tracker. Some notable deals were Risevest and Chaka, BioNTech and InstaDeep, Bitmama and PayDay, and FairMoney and PayForce.

Mergers and Acquisitions will likely remain a trend for as long as valuations are low. Over the last two years, startups have been more cautious about bloating their valuations, and investors have kept the same sentiment. It’s partially why we haven’t recorded new unicorns in a minute. MNT-Halan was the only new entrant in the last two years.

This also creates an opportunity for African startup marketplaces, which will replicate Acquire.com to make acquisition easy for startups with solid products but low clout.

International work for Africans

Many African countries saw their currencies devalued in 2023. Inflation rates have also spiked in many economies. This creates a stronger appeal for them to earn foreign currencies and an [almost worrisome] opening for Westerners to find cheap labour in Africa. This is crucial because wage rates are rising in China and India, making it increasingly expensive for companies to outsource services there.

Studies by Bloomberg show that China’s upper-middle class now dominates, with over 200 million urban households having disposable incomes of $16k — $34k. Meanwhile, many Sub-Saharan economies have seen their middle-class shrink in recent years.

Also, there aren’t enough opportunities for young people to work remotely in Africa. Ten to twelve million young Africans enter the labour market each year, and an estimated one-third of the 600 million young people entering the global market by 2030 will be young Africans.

This trend will create opportunities for new approaches to apprenticeship or employment matching. It also means startups focused on building tech talent will likely see growth in 2024.

New regional preferences

In 2024, investors could reevaluate their regional strategies in response to changing macroeconomic and political conditions. Per the EIU, fifteen African countries have elections next year, and investors will observe their outcomes keenly. Elections are fraught with risk, especially in regions where armed conflict is rampant. The EIU notes that elections in Algeria, Egypt, Ghana, and South Africa will add to political risk, which could have long-term implications on where investors put their money.

An AVCA survey revealed that LPs favoured investing in West Africa while GPs leaned towards East Africa. The data aligns with this: between 2019 and 2023, per The Big Deal, there were over 700 recorded deals worth $1m or more. West Africa led the pack with 246, East Africa with 175, Northern Africa with 160, Southern Africa with 147, and Central Africa with 14. Depending on the degree of confidence, the numbers could realign with investors becoming more risk-averse. It’s all “wait and see” going into 2024.

Elsewhere on Ventures

Which African countries are driving the venture capital ecosystem?

AI startups garnered over five times as much funding in 2023 as in 2022, with nearly 70 acquisitions happening in Africa between 2022 and 2023.

West Africa led in recorded deals worth $1m or more between 2019 and 2023, with East Africa having 175 recorded deals worth $1m or more during the same period.

Fifteen African countries have elections in 2024, affecting investor strategies, with Africa's regulatory environment slowly buying into crypto.

AI poses a huge opportunity for research and data collection companies in Africa, with startups focused on building tech talent likely to see growth in 2024.

BII invested $150m in Kelix bio in 2020, with BII executing a $20m deal with Moove in 2020.

How much did BII invest in Kelix bio in 2020?

£161m was invested in clean energy in 2022, with the African fintech sector being a significant area of investment.

What trends are emerging for African startups in 2022?

DP World has invested $1.7 billion in Africa's transport infrastructure, with a focus on ports, container depots, and complexes.

Title:

Content: ...
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DUBAI
DP World enters $1.7 billion partnership in Africa
CDC to allocate $320 million to joint investment platform
Posted in: Last Updated:
DP World and British development finance group CDC said on Tuesday they had agreed to jointly invest in Africa ’ s transport and logistics infrastructure for a total of $1.72 billion.
The two companies said the investments in ports, container depots, commercial complexes and other infrastructure will be through an investment platform recently established by DP with the British group.
Dubai government-owned DP World said it had contributed to the platform with minority stakes in three ports it operates in Africa and planned to invest $1 billion within the next few years.
DP ports are located in Ain Sokhna, Egypt, Dakar, Senegal, and Berbera in the breakaway Somaliland region of Somalia.
CDC said it had allocated $320 million to the investment platform, through which it expects to inject an additional $400 million over the next few years.

The company operates ports in Ain Sokhna, Egypt, Dakar, Senegal, and Berbera, Somaliland, and plans to invest an additional $1 billion in the next few years.

Which African countries are driving the venture capital ecosystem?

CDC Group has allocated $320 million to a joint investment platform and will inject an additional $400 million in the next few years.

What trends are emerging for African startups in 2022?

The UAE has invested $4.5 billion in African clean energy, while Germany has invested $486 million in African climate finance, with a focus on Kenya.

Title:

Content: UAE to invest $4.5 billion in clean energy in Africa | Climate change | DW | 05.09.2023
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Announcement
Environment and climate
UAE to invest $4.5 billion in clean energy in Africa
On the second day of the Africa Climate Summit, which aims to make the continent an emerging power in the field of renewable energies and attract international financial assistance, the UAE and Germany announced major investments in this sector.
Africa has received only about 12 percent of the money it needs to deal with climate impacts, according to a report by a non-profit organisation.
Sultan Al Jaber, President-designate of the United Nations Climate Change Conference (COP28), said on Tuesday (September 5, 2023) that the UAE will direct $4.5 billion to clean energy initiatives in Africa.
For its part, Germany will announce at the first Africa Climate Summit pledges of 450 million euros ($486 million) in climate finance, including support for the construction of a fertilizer plant in Kenya using green hydrogen.
Europe ’ s largest economy will provide a €60 million loan for Kenya ’ s planned project in Olkaria, where geothermal energy can be used to separate hydrogen from water molecules, saving fuel for the fertilizer plant.
Berlin will also cancel 60 million euros of debt owed to Kenya, in exchange for money spent on renewable energy and climate-friendly agriculture, according to Barkel Köfler, Germany ’ s economic cooperation minister.
In an interview on Monday in Nairobi, where the conference is taking place, Koffler said: “We see the great need for energy on the African continent for both people who already live here, and also for investment in the future and industry, and for future jobs on a young continent. ”
UN Secretary-General António Guterres called on the world to make Africa a “renewable energy superpower ” in a speech on Tuesday at the summit.
“Renewable energies could be Africa ’ s miracle, ” Guterres said.
We must work together so that Africa becomes a renewable energy superpower, ” he said, calling on G20 leaders meeting this weekend in India to “shoulder their responsibilities ” in the fight against climate change.
FS / FH (DBA, Reuters, AFP)

Which African countries are driving the venture capital ecosystem?

Germany has also provided a €60 million loan for a geothermal project in Olkaria, Kenya, and has cancelled €60 million of Kenyan debt for renewable energy.

Which countries are actively investing in Africa besides China?

Elsewedy Electric has invested $250-300 million in Africa, with a focus on Tanzania, Angola, and Ethiopia, and plans to increase its investments to 25% of its total business next year.

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Content: Egypt ’ s Elsewedy Electric plans to increase its investments in Africa to 25 percent of the company ’ s total business volume next year, compared to 20 percent currently, with plans to invest in infrastructure in a number of countries, said Ibrahim Qamar, Managing Director for East Africa at the group.
Elsewedy Electric is one of the largest Egyptian companies, founded in 1938 and works in contracting, electrical products, cable sector, and infrastructure.
Qamar said in an interview with Zawya Arabi that the company is focused on investing in Africa in the coming years and considers it a promising market.
“Over the years, Africa has been an export market for Elsewedy Electric ’ s products and now we are focused on turning it into a manufacturing market for our products. ”
Al Suwaidi ’ s exports to Africa account for about 27% of the company ’ s total revenue.
The company achieved revenues of 18.6 billion pounds ($992 million) in the first quarter of this year, a growth of 51.1 percent year on year, while net profit rose 8.7 percent to 761 million pounds ($40.7 million).
Elsewedy Electric operates in many African countries in North and East Africa, with 24 factories compared to 5 factories in Asia and 2 in Europe, while focusing on Tanzania as a regional manufacturing center, in addition to expansion in countries such as Morocco, Algeria, Kenya, Uganda and Guinea.
"Promising and difficult."
The company started operating in Africa about 20 years ago, and Sudan was the company ’ s first investment destination.
“Sudan is a natural extension of Egypt.
We started there, then expanded to other countries including Algeria, Ghana and Ethiopia, and Tanzania is now our biggest investment in Africa. ”
According to Qamar, "the African market is promising and difficult, and its advantage in its difficulty, who can look at the African market from this perspective will be able to access great opportunities and a great return."
He points as an example to the political changes that have taken place in Ethiopia over the past years, adding that the African country neighboring Sudan "is one of our best markets in business, we were able to contribute to the creation of jobs and transfer expertise needed by the country, Ethiopia had challenges and 2020 to 2022 achieved very good results, we created a successful investment case from an existing crisis."
Since last year, Ethiopia has been in a difficult economic situation, especially in Tigray province, which has seen a fierce conflict between the central government and armed groups there.
Next Next post: Why Ethiopia is Fighting Itself
"There are countries where there are big problems that are difficult to invest in, but in Africa we have not faced this situation," he said.
“The worry is temporary and the country is back again, we focus on business and deal with the changes. ”
Tanzania factory and will it affect Egypt?
Elsewedy Electric is building an industrial complex in Tanzania on an area of 120 thousand square meters to produce electrical wires and transformers through five factories with an investment of 50 million dollars.
The company has completed two plants currently in the complex, and the third plant is expected to be added during the fourth quarter of this year and the project will be completed in 2023, according to Qamar.
The complex will be a manufacturing and export center.
“This will affect the percentage of Egyptian exports to Africa and its margin in the company ’ s total exports, but dollar returns from investment will balance this decline, ” Qamar said.
Elsewedy Electric ’ s investments in Africa currently range from $250 million to $300 million, according to Qamar.
As for infrastructure projects, Elsewedy Electric ’ s alliance with the Egyptian Arab Contractors Company is implementing a dam project in Tanzania with investments of $3 billion, and has infrastructure projects in Angola with $500 million and in Ethiopia with $270 million.
Infrastructure projects include electricity, roads and water works.
“Africa is long overdue on infrastructure projects, but governments have turned to this, which has created significant investment opportunities, ” he said.
Elsewedy Electric ’ s share exceeds 50% in markets such as Sudan, Ethiopia, Algeria and Guinea, according to Qamar, who expects the company to acquire major projects in Angola and is pursuing investment opportunities in Morocco.
(By: Shaima Hefzy, Edited by: Yasmin Saleh, Contact yasmine.saleh @ lseg.com)
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The company has a 120 thousand square meters complex in Tanzania and operates in 24 African countries, with Africa revenue accounting for 20% of its total business.

Equinix Inc. has invested $390 million in Africa data centers, with a focus on South Africa and West Africa, and plans to expand to East Africa.

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Content: Paying bloggers
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As reported, in the next five years, Equinix Inc. will already build all the necessary facilities.
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NASDAQ listed Equinix Inc. plans to invest $390 million to build and expand data centers in Africa over the next five years.
Initially, the company will focus on South Africa and the west coast of the continent.
However, the data center operator from California is also considering East Africa and is willing to spend more money on building or acquiring equipment in the region, Sandile Dube, managing director for South Africa, said in an interview.
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"We will continue to invest in a region where it makes sense on the continent, and we are conducting a number of studies to explore these opportunities.
The planned amount of investment includes the construction of new data centers at existing enterprises, but excludes the creation of additional markets, "Dube said.
Several tech giants, such as Amazon.com Inc., Microsoft Corp. and China ’ s Huawei Technologies Co., have also invested in data centers in Africa in recent years, given the growing demand for connectivity and data storage.
At the moment, only 1% of global data center capacity is located on the continent, which provides great opportunities for investors wishing to take advantage of the potential for regional growth, while taking on certain operational risks, such as power supply problems.
Africa is considered the birthplace of a young and tech-savvy population with rapidly growing access to the Internet, which favorably affects the industry, despite the low initial base.
Two years ago, Equinix came to the continent, acquiring MainOne Cable Co. for $320 million, and from 2023 plans to begin construction of its first data center in Johannesburg, South Africa.
“We need to have key centers on the continent, as we have in Europe.
So we started with Lagos, Johannesburg and, over time, we plan to add Nairobi, ” Dube said.
Equinix usually prefers acquisitions when entering new markets, however, in some cases, such as South Africa, the company has decided to build its own data centers, Dube said.
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ACWA Power is investing in South Africa with a project value of up to 45 billion riyals, located in South Africa.

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Content: Iyad Al-Omari, Executive Director of Business Development at ACWA Power, said that the company is working on projects in South Africa worth up to 45 billion riyals.
“ACWA Power has started the green hydrogen project in the Kingdom under the guidance and assistance of the senior leadership of His Highness Prince Mohammed bin Salman and the Minister of Energy, ” he said.
“Through this agreement, we are seeking to establish green hydrogen production plants in South Africa for use and export. ”

Russian companies such as Rosneft, Gazpromneft, RusHydro, Alrosa, and Lukoil have invested in Africa, with project values totaling $15-25 billion, located in various African countries.

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Russia ready to share technologies with African countries — Putin

It is added that major Russian investment projects are already being implemented in Africa with the participation of Rosneft, Gazpromneft, RusHydro, Alrosa and Lukoil

MOSCOW, March 20. /TASS/. Russia will continue helping African nations produce electricity and will share its technologies with them, President Vladimir Putin said at the international parliamentary conference ‘Russia-Africa in a Multipolar World’ on Monday.

"We will continue helping African countries in the production of electricity, where the continent is only meeting a quarter of its needs," he said, adding that major Russian investment projects are already being implemented in Africa with the participation of Rosneft, Gazpromneft, RusHydro, Alrosa and Lukoil.

"Today, we offer new environmentally friendly technologies, mainly in nuclear energy," Putin stressed. Rosatom is already constructing an NPP in Egypt, he said, adding that the company also plans to extend its presence in the development of national energy systems on the African continent. "Significant, in some countries by 100%, financing is provided by Russia, those being major projects totaling $15, $20, $25 bln," the president noted.

Rosatom is constructing a nuclear power plant in Egypt and has developed national energy systems in Africa.

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