Africa's foreign direct investment (FDI) reached a record $83 billion in 2021, accounting for 5.2% of the global total.

Foreign direct investment in Africa fell to $40 billion in 2020, but recovered to $45 billion in 2022, returning to pre-epidemic levels.

Egypt's foreign investment flows are expected to reach $10 billion this year, driven by lower stock prices and a weaker pound.

Private equity and venture capital investments in Africa reached $7.70 billion in 2022, a 66% year-over-year increase and the region's highest in five years.

The most prominent sectors to attract foreign inflows are clean energy, new infrastructure, digital financial services, and select manufacturing industries.

Africa's telecom, media, and financial services sectors have a positive growth outlook.

African economies are boosted by young, tech-driven entrepreneurs.

The African Continental Free Trade Area (AfCFTA) aims to create a single market of 1.3 billion people and a $3.4 trillion GDP.

The US has proposed a mega infrastructure plan for Africa under the 'Build Back Better World' (B3W) initiative.

The G7 supports the B3W initiative and plans to increase support to Africa.

India has increased its investment in Africa, focusing on the Asia Africa Growth Corridor project.

Chinese financiers committed $153 billion to African public sectors from 2000 to 2019.

The IFC aims to mobilize $10 billion in private sector investment into Africa annually by 2030.

The UAE ranked first among Arab countries with 923 foreign direct investment projects in 2022.

The renewable energy industry accounted for 60% of total investment spending in the Arab region in 2022.

Inter-Arab investment grew in 2022, with projects rising 84% to 245 and investment amount increasing 623% to $45.6 billion.

The Middle East and Africa region is the fastest-growing for foreign direct investment, with the Middle East nearly doubling and Africa rising by one-third.

The top five countries for foreign direct investment in the Middle East and Africa in 2022 were the UAE, Saudi Arabia, South Africa, Egypt, and Qatar.

North Africa's foreign direct investment fell 5% to $9.3 billion in 2021.

FDI to Tunisia rose from $652 million in 2020 to $660 million in 2021.

Morocco's FDI rose 52% to $2.2 billion in 2021.

Egypt's FDI fell 12% to $1.5 billion in 2021.

The UK is Africa's second-largest foreign direct investor after China, with $65bn invested.

The UK's FDI portfolio in Africa is mainly in oil, gas, mining, and financial services.

At the 2022 UK-Africa summit, £2.1bn was invested in oil and gas, compared to £161m in clean energy.

African fintech could reach $30bn by 2025, says McKinsey.

Africa's tech start-ups tripled to 5,200 between 2020 and 2021.

In 2021, seven of Africa's 10 new unicorns were fintechs.

Africa's vaccine demand is expected to double from 1 billion to over 2.7 billion doses by 2040.

India is now the fifth largest investor in Africa, with 18 new diplomatic missions on the continent.

Over 1.3 million people of Indian descent live in Africa, controlling more than 60% of East Africa's economy.

Toyota, Nissan, and Toshiba have established a presence in Africa.

Hyundai, Samsung, and LG have invested in Africa.

The Taiwan-Africa Entrepreneurs Association promotes Taiwan-Africa economic and trade relations through business cooperation.

Rwanda's foreign investment dropped from $354 million in 2019 to $135 million in 2020.

Rwanda reported $1.3 billion in registered foreign investment in 2020, though the actual amount was $135 million.

In 2020, real estate, construction, and manufacturing made up 68% of Rwanda's investments, with 48% and 20% respectively.

Tanzania received the most foreign investment in the EAC in 2020.

Tanzania's foreign investment rose from $991 million in 2019 to $1 billion in 2020.

Foreign investment in Uganda dropped from $1.2 billion in 2019 to $823 million in 2020.

Kenya's foreign investment fell to $717 million in 2020 from $1 billion in 2019.

In 2022, Arab countries saw a 74% rise in foreign investment projects to 1,617 and a 358% increase in investment to $200 billion.

In the first quarter of 2023, foreign projects in the Arab region rose 28% and investment surged 70% to $74 billion from 2022.

The Arab countries' economic prospects for 2023 and 2024 are optimistic, with forecasted growth of 3.5% and 2.7% in the region.

Unemployment in the Arab region is expected to decline slightly in 2023, with inflation falling to 8% and then 4.5% over the next two years.

The increase in direct foreign investment is expected to promote economic growth and support the modernization of the regional economy in Arab countries.

Foreign direct investment in Egypt exceeded $11 billion in 2022.

Africa's investment flows dropped from $80 billion in 2021 to $45 billion in 2022.

Africa received 3.5% of global FDI in 2022.

Africa-focused project financing deals dropped 47% in value in 2022.

Africa saw a 39% increase in new project announcements to 766 in 2022.

Six of the 15 largest new investment projects announced in 2022 were in Africa.

New African projects more than doubled to 161 in 2022.

Africa's international project financing transactions rose to $24 billion in 2022, a two-thirds increase.

FDI inflows have risen in four of Africa's regional economic groupings: COMESA, SADC, WEMU, and the East African Community.

FDI in COMESA grew by 14% to $22 billion in 2022.

SADC's FDI reached $10 billion in 2022.

WEMU's FDI reached $5.2 billion in 2022.

East African Community FDI rose 9% to $3.8 billion in 2022.

New energy and gas supply projects announced in 2022 rose to $120 billion, up from $24 billion in 2021.

Construction and extractive industry projects were valued at $24 billion and $21 billion, respectively, in 2022.

The information and communication sector had the most projects in 2022.

European investors, led by the UK, France, and the Netherlands, are the largest owners of FDI in Africa.

Egypt's net foreign direct investments as a percentage of GDP are expected to rise to 2.5% this year and 3% by 2025.

The government expects foreign direct investment to reach $11.7 billion this year and $16.5 billion by 2025.

Gulf countries' $22 billion investment pledges will boost foreign direct investment.

Egypt's new green projects have surpassed $5.6 billion, more than tripling, the UNCTAD report says.

North Africa's foreign direct investment fell 5% to $9.3 billion last year.

Mozambique ranked third in African foreign investment flows last year, with a 68% increase to $5.102 billion.

Nigeria ranked fourth, attracting $4.844 billion in inflows, a 103% increase from the previous year.

Ethiopia ranked fifth, with foreign direct investment inflows rising 79% to $4.259 billion.

African tech companies offer attractive valuations and 100% annual growth rates.

Africa's telecom, media, and financial services sectors have a positive growth outlook.

Venture capital in Africa has grown about 10x in five years, driven by its young population.

Africa's financial services and fintech sectors are expected to continue growing as the continent moves towards a cashless society.

The proposed Mediclinic International PLC acquisition will be Africa's largest private equity deal in three years.

Foreign direct investment in Africa reached a record $83 billion in 2021, led by European investors from the UK and France.

Africa's foreign direct investment share rose to 5.2% in 2021 from 4.1% in 2020.

Most African countries saw a slight increase in foreign direct investment in 2021.

Africa's new project announcements totaled $39 billion in 2021, up from $32 billion in 2020.

Africa had an estimated 71 international renewable energy projects in 2021.

A $20 billion project will export Moroccan wind energy to the UK via submarine cables.

China led investments in Rwanda in 2021 and 2022, with $357.7 million and $182.4 million, respectively.

India invested $151 million in Rwanda in 2022, making it the second leading investor.

Rwanda received $1.6 billion in investment in 2022, from 49 Chinese and 36 Indian projects.

Local investors in Rwanda led private investment in 2022 with $504.8 million and 123 projects.

Manufacturing, finance, and insurance made up 45.6% of total registered investments in 2022.

The Africa Investment Forum coordinated $32.8 billion in African project investments.

The African Investment Forum's largest deal was a $15.6 billion highway connecting Nigeria and Ivory Coast.

The Lagos-Abidjan highway will be 1,200 kilometers long with four to six lanes and take six years to complete.

Toyota, Nissan, and Toshiba have invested in Africa.

Hyundai, Samsung, and LG have invested in Africa.

India is now the fifth largest investor in Africa, with 18 new diplomatic missions on the continent.

Over 1.3 million people of Indian descent live in Africa, controlling around 60% of East Africa's economy.

Africa's foreign direct investment reached $45 billion in 2022.

Africa's 2022 trade value reached a new high, with $694.5 billion in imports and $661.4 billion in exports.

Egypt ranked second in Africa's foreign investment flows with $5.122 billion in 2021.

South Africa led Africa in foreign investment flows with $40.889 billion in 2021, up 1,235% from 2020.

Mozambique ranked third in Africa for foreign investment, receiving $5.102 billion in 2021, up 68% from 2020.

Nigeria ranked fourth in Africa's foreign investment flows, receiving $4.844 billion in 2021, up 103% from 2020.

Ethiopia ranked fifth in Africa for foreign investment, receiving $4.259 billion in 2021, up 79% from 2020.

China-Africa TEDA is investing in Egypt's Suez Canal Economic Zone.

The eight projects are worth over $5 billion.

The projects span industries like chemicals and wind turbine blades.

The projects are located in TEDA Suez.

The projects will provide around 7,000 jobs.

Tanzania saw a 128% increase in registered projects in February 2023, with 41 projects registered.

February 2023 project registrations totaled $339.2 million, a 347% increase from February 2022's $75.9 million.

February 2023's 41 projects are expected to create 7,370 jobs, a 493% in

Africa's foreign direct investment (FDI) reached a record $83 billion in 2021, accounting for 5.2% of the global total.

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.

Foreign direct investment in Africa fell to $40 billion in 2020, but recovered to $45 billion in 2022, returning to pre-epidemic levels.

Foreign direct investment in Africa fell to $40 billion in 2020, but recovered to $45 billion in 2022, returning to pre-epidemic levels.

Foreign direct investment in Africa fell to $40 billion in 2020, but recovered to $45 billion in 2022, returning to pre-epidemic levels.

Egypt's foreign investment flows are expected to reach $10 billion this year, driven by lower stock prices and a weaker pound.

Title:

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?

Private equity and venture capital investments in Africa reached $7.70 billion in 2022, a 66% year-over-year increase and the region's highest in five years.

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African private equity activity surges to 5-year high in 2022

Private equity and venture capital investments in Africa soared 66% year over year in 2022 to $7.70 billion, the highest aggregate value for the region in the last five years, S&P Global Market Intelligence data shows.

The massive jump was mainly due to the proposed acquisition of hospital operator Mediclinic International PLC, which is valued at more than $5 billion.

Transaction volume, which includes M&A and rounds of funding, has steadily climbed in the region since 2018 and reached 404 deals in 2022. The continent saw a full-year increase in transaction volume even as activity slowed sharply in the final quarter of the year.

Investments with private equity involvement totaled $370 million in the fourth quarter of 2022, down 71% from $1.28 billion in the prior-year period. Deal volume declined 43% over the same time frame.

* Download a spreadsheet with data featured in this report.
* Click here for more private equity and venture capital news.
* Click here to set up alerts for future Data Dispatches.

Attractive valuations, young demographics

African technology companies offer appealing entry valuations and high growth rates of about 100% annually compared to peers in the U.S., according to Fope Adelowo, principal at Helios Investment Partners LLP, which invests in telecommunications, media and financial services across the region.

"The growth outlook for those sectors are not only quite positive, but they are also, in many ways, noncyclical," Adelowo said. "When you look at the global environment, whether that's people using more digital methods to make payments ... consumers consuming more data, we're really just in the early stages."

African economies are also buoyed by young populations that are "increasingly entrepreneurial and driven by technology-led innovation," Adelowo said. Money moved into venture capital in the region has grown about 10x in the last five years, largely due to that young population, which is "very digitally engaged." That is helping drive innovation to address inefficiencies in many sectors in Africa, Adelowo added.

Health, tech sectors drawing interest

Once the multibillion-dollar deal for Mediclinic closes, that transaction will become the largest private equity capital deployment in Africa in the last three years. Mediclinic's buyers include Remgro Ltd. and SAS Shipping Agencies Services SÀRL. The deal is expected to close in the first quarter.

The technology sector, particularly digital infrastructure, is also attracting investor interest, Adelowo said. There is an imbalance in the supply of data centers, for example, compared to growth expected from consumers that need more data and are spending more time online.

Africa's financial services and fintech sectors are also expected to continue to grow as many African countries increasingly move to a cashless society, Adelowo added.

What trends are emerging for African startups in 2022?

The most prominent sectors to attract foreign inflows are clean energy, new infrastructure, digital financial services, and select manufacturing industries.

Africa's telecom, media, and financial services sectors have a positive growth outlook.

Which sectors received the most foreign investment?

African economies are boosted by young, tech-driven entrepreneurs.

The African Continental Free Trade Area (AfCFTA) aims to create a single market of 1.3 billion people and a $3.4 trillion GDP.

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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The US has proposed a mega infrastructure plan for Africa under the 'Build Back Better World' (B3W) initiative.

Which countries are actively investing in Africa besides China?

The G7 supports the B3W initiative and plans to increase support to Africa.

Which countries are actively investing in Africa besides China?

India has increased its investment in Africa, focusing on the Asia Africa Growth Corridor project.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

Chinese financiers committed $153 billion to African public sectors from 2000 to 2019.

The IFC aims to mobilize $10 billion in private sector investment into Africa annually by 2030.

Title:

Content: Creating the framework to attract private investment into Africa

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By Omar Ben Yedder. Published on November 3, 2022

The International Finance Corporation (IFC) is on course to mobilise $10bn of private sector investment annually into Africa by 2030 says its vice president for Africa.

The UAE ranked first among Arab countries with 923 foreign direct investment projects in 2022.

Title:

Content: People 's Network > > International
The magnetic force of attracting foreign investment in Arab countries is enhanced (global hot spot)
This reporter is ordinary.
August 10, 2023 08: 55 | Source: People's Daily Overseas Edition
Small number
A Yemeni Airlines passenger plane carrying about 270 people took off from Sana'a International Airport to Jeddah, Saudi Arabia's Red Sea coastal city.
It was the first commercial flight in seven years from Yemen's Houthi-controlled capital to Saudi Arabia.
Photo Passengers waiting at Sana'a International Airport.
Xinhua / Reuters
Recently, the Arab Investment Guarantee and Export Credit Agency released the 38th Annual Investment Environment Report for the Arab States in 2023 (hereinafter referred to as the "Report").
According to the report, the number of direct foreign investment projects entering the Arab countries in 2022 increased by 74% to 1,617 projects, and the amount of investment increased by 358% to 200 billion US dollars.
This trend is expected to continue in 2023.
Increased investment attractiveness
The report published by the Arab Agency for Investment Guarantee and Export Credit, citing data from the FDI Markets database, shows that the number of foreign projects entering the region increased by 28 per cent in the first quarter of 2023 compared with the same period in 2022, and the amount of investment increased by 70 per cent to $74 billion.
According to the report, the UAE attracted 923 foreign direct investment projects last year, ranking first among Arab countries.
From an industry perspective, the renewable energy industry ranked first in investment spending, accounting for 60% of the total; the software industry led in the number of projects, accounting for 23.4% of the total.
The report pointed out that in 2022, inter-Arab investment continued to maintain a growth trend, with the number of investment projects increasing by 84% to 245, and the amount of investment increased by 623% to 45.6 billion US dollars.
In May this year, at the UAE International Investment Conference, the British “Investment Monitoring ” company released a report entitled“ Greenfield Investment in the Middle East and Africa in 2022 ”, saying that foreign direct investment in all regions of the world in 2022 is on the rise.
Compared with before the epidemic, the Middle East and Africa region has become the fastest growing region in the world to attract foreign direct investment, and the Middle East has almost doubled its foreign direct investment, while the African region has increased by one third.
According to the report, more than 100 countries and regions invested in the Middle East last year.
The UAE, Saudi Arabia, South Africa, Egypt and Qatar are the top five countries in the region.
“We see the Middle East emerging as a major destination for companies and business investors seeking growth opportunities across a wide range of industries. ” Mamern Sbergh, president of Encounter Middle East, has a long-standing interest in the region ’ s economic dynamics.
He said that in recent years, the Middle East has continued to show openness to foreign investors and the overall trend of investment environment has been positive.
Li Weijian, a researcher at the Institute of Foreign Policy Studies of the Shanghai Institute of International Studies, said in an interview with our reporter that in the past, there was also partial cooperation among Arab countries, but the scale was not large; now, there are overall changes in cooperation among Arab countries, which are of particular concern.
Zhang Chuchu, associate professor of the School of International Relations and Public Affairs of Fudan University and deputy director of the Middle East Research Center, said in an interview with our reporter that Arab countries have two characteristics: First, the proportion of investment in the global South is increasing; Second, the field of attracting direct foreign investment is more diversified.
Huge development potential
"The attraction of investment is a barometer of the political security environment and the economic development environment of a region and a country," Li said. "In the external environment, the influence and leading role of the United States in the region has decreased, and the strategic autonomy of Arab countries has increased.
The Arab countries have clearly recognized that the biggest challenge facing them is how to develop their economies, not security threats from one country.
In addition, the Arab countries are also actively creating a favorable regional environment in order to get rid of the single oil economic model and attract foreign investment.
Arab countries have a unique advantage in attracting foreign investment.
Zhang Chuchu said that one is the geographical advantage.
The Arab countries straddle the two continents of Asia and Africa, connecting the Indian Ocean and the Atlantic Ocean, and guarding the key maritime transportation routes of East and West, are an important plate and key force in the current global pattern, and are also an important hub connecting the three continents of Asia, Europe and Africa.
The second is market value.
Arab countries include the world's fastest-growing economies such as Saudi Arabia, the United Arab Emirates and Qatar, as well as countries with large population densities such as Egypt, and most Arab countries have a relatively high proportion of young people, and the regional market is full of vitality and potential.
The third is energy status.
Arab countries include a large number of oil and gas producers.
4 is political support.
The Arab countries are committed to transforming the single economic structure, putting forward strategic plans such as the Saudi Vision 2030, the UAE Vision 2030, Kuwait Vision 2035, and Egypt Economic Revitalization Plan to achieve economic diversification and enhance economic development momentum, and the demand for infrastructure and high-tech industries has increased sharply.
In recent months, there has been a wave of reconciliation in the Middle East, and the Middle East pattern has undergone profound adjustments: Saudi Arabia and Iran have restored diplomatic relations, the peace process in Yemen has made positive progress, Qatar and Bahrain have decided to restore diplomatic relations, Turkey and Egypt have improved bilateral relations, and Syria has returned to the Arab League summit.
"Traditionally, the attention of the international community to the Arab countries has been focused on the political and security fields, and the attention of the local economy has been focused on the energy industry.
Zhang said that with the steady progress of the Middle East reconciliation trend, some Arab countries have made the improvement of people's livelihood a priority agenda, which not only promotes pragmatic cooperation among countries, but also provides a stable environment for regional economic cooperation and development.
"The trend of reconciliation in the Middle East is not sudden, but is based on the strategic needs and geopolitical changes of the Middle East countries. It is not a temporary phenomenon, but a long-term trend." Li Weijian said that the impact of the Middle East "reconciliation tide" on the economic development of Arab countries should not be underestimated. Geopolitically nervous and deterred investors want to seize the opportunity and increase their willingness to invest in Arab countries.
"Arab countries' economic development is on the right track, economic cooperation is constantly close, and geopolitical relations in the Middle East will further ease," Li said.
The economic outlook is positive.
According to the Global Data Regional and Global Risk Index (GCRI), the UAE maintained its position as the lowest risk country in the Middle East and Africa (MEA) region in the first quarter of 2023 compared to the previous quarter.
Saudi Arabia ranked third, followed by Qatar and Kuwait, which ranked fourth and fifth respectively.
According to the Global Economic Outlook released by the World Bank, the economic prospects of the Arab countries in 2023 and 2024 are generally optimistic.
The World Bank report forecasts economic growth of 3.5 per cent and 2.7 per cent in the Middle East and North Africa region; the report of the United Nations Economic and Social Commission for Western Asia forecasts GDP growth of 4.5 per cent and 3.4 per cent in the Arab countries.
According to the Economic and Social Development Survey of the Arab Region released by the United Nations Economic and Social Commission for Western Asia, unemployment in the Arab region will decline slightly in 2023; inflation is likely to fall to 8% and 4.5% in the next two years.
Zhang said that the increase in direct foreign investment will help promote the economic growth of Arab countries, alleviate the long-term problems of infrastructure and science and technology deficits faced by many countries in the region, and also provide support for the diversification and modernization of the regional economy.
The political stability of the Arab countries has been increasing, and the enthusiasm of all countries to seek new impetus for economic growth has been increasing.
In this context, the confidence of the international community in the economic prospects of the Arab countries has increased significantly.
However, the problem of uneven development within the Arab countries cannot be ignored.
According to a report released by the United Nations Economic and Social Commission for Western Asia (ESCWA), the economic growth of Arab countries is quite different, with some countries benefiting from soaring energy prices and some countries suffering from rising energy costs, food shortages and declining international aid inflows.
"Arab countries have not only an imbalance in industrial structure, but also an imbalance in regional development, which stems from internal factors such as national development plans, as well as external factors such as continuous external intervention, regional conflicts, and poor economic environment," Zhang said.
Sabih stressed the need for Arab countries to implement comprehensive plans to improve the political, economic and institutional investment climate as soon as possible.
"At present, the Arab countries are aware of the deep challenges of their own development and are trying to carry out regional reconciliation and strengthen strategic autonomy on the one hand, so as to provide favorable conditions for their economic transformation and industrial upgrading," Zhang said.
In addition, the region needs to improve the regional economic cooperation mechanism, and increase efforts to introduce diversified elements of economic development, including foreign capital, technology and manpower, to enrich its own industrial chain, so as to promote the economic and social modernization of the region.
Li Weijian said that in the future, to continue to enhance the attractiveness of investment and economic development, Arab countries need to do a good job in the following aspects: First, to ensure the stability and security of the economic development environment; second, to emancipate the mind, adjust the economic development structure, and promote diversified economic development; third, explore the establishment of contradictions and coordination mechanisms to create good conditions for cooperation among regional countries.
(Edited by: Wang Yuheng, Cui Yue)
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The renewable energy industry accounted for 60% of total investment spending in the Arab region in 2022.

Inter-Arab investment grew in 2022, with projects rising 84% to 245 and investment amount increasing 623% to $45.6 billion.

The Middle East and Africa region is the fastest-growing for foreign direct investment, with the Middle East nearly doubling and Africa rising by one-third.

The top five countries for foreign direct investment in the Middle East and Africa in 2022 were the UAE, Saudi Arabia, South Africa, Egypt, and Qatar.

Which African countries are driving the venture capital ecosystem?

North Africa's foreign direct investment fell 5% to $9.3 billion 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.

FDI to Tunisia rose from $652 million in 2020 to $660 million 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.

Morocco's FDI rose 52% to $2.2 billion 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.

Egypt's FDI fell 12% to $1.5 billion 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 UK is Africa's second-largest foreign direct investor after China, with $65bn invested.

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?

The UK's FDI portfolio in Africa is mainly in oil, gas, mining, and financial services.

At the 2022 UK-Africa summit, £2.1bn was invested in oil and gas, compared to £161m in clean energy.

African fintech could reach $30bn by 2025, says McKinsey.

Africa's tech start-ups tripled to 5,200 between 2020 and 2021.

In 2021, seven of Africa's 10 new unicorns were fintechs.

Africa's vaccine demand is expected to double from 1 billion to over 2.7 billion doses by 2040.

India is now the fifth largest investor in Africa, with 18 new diplomatic missions on the continent.

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 Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

Over 1.3 million people of Indian descent live in Africa, controlling more than 60% of East Africa's economy.

Toyota, Nissan, and Toshiba have established a presence in Africa.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

Which sectors received the most foreign investment?

Hyundai, Samsung, and LG have invested in Africa.

What trends are emerging for African startups in 2022?

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

The Taiwan-Africa Entrepreneurs Association promotes Taiwan-Africa economic and trade relations through business cooperation.

Rwanda's foreign investment dropped from $354 million in 2019 to $135 million in 2020.

Title:

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.

Rwanda reported $1.3 billion in registered foreign investment in 2020, though the actual amount was $135 million.

Title:

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.

In 2020, real estate, construction, and manufacturing made up 68% of Rwanda's investments, with 48% and 20% respectively.

Title:

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.

Tanzania received the most foreign investment in the EAC in 2020.

Title:

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.

Tanzania's foreign investment rose from $991 million in 2019 to $1 billion in 2020.

Title:

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.

Foreign investment in Uganda dropped from $1.2 billion in 2019 to $823 million in 2020.

Title:

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.

Kenya's foreign investment fell to $717 million in 2020 from $1 billion in 2019.

Title:

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.

In 2022, Arab countries saw a 74% rise in foreign investment projects to 1,617 and a 358% increase in investment to $200 billion.

In the first quarter of 2023, foreign projects in the Arab region rose 28% and investment surged 70% to $74 billion from 2022.

The Arab countries' economic prospects for 2023 and 2024 are optimistic, with forecasted growth of 3.5% and 2.7% in the region.

Unemployment in the Arab region is expected to decline slightly in 2023, with inflation falling to 8% and then 4.5% over the next two years.

The increase in direct foreign investment is expected to promote economic growth and support the modernization of the regional economy in Arab countries.

Foreign direct investment in Egypt exceeded $11 billion in 2022.

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).

Africa's investment flows dropped from $80 billion in 2021 to $45 billion in 2022.

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

Africa received 3.5% of global FDI in 2022.

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).

Africa-focused project financing deals dropped 47% in value in 2022.

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).

Africa saw a 39% increase in new project announcements to 766 in 2022.

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 trends are emerging for African startups in 2022?

Six of the 15 largest new investment projects announced in 2022 were in Africa.

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 trends are emerging for African startups in 2022?

New African projects more than doubled to 161 in 2022.

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).

Africa's international project financing transactions rose to $24 billion in 2022, a two-thirds increase.

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).

FDI inflows have risen in four of Africa's regional economic groupings: COMESA, SADC, WEMU, and the East African Community.

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).

FDI in COMESA grew by 14% to $22 billion in 2022.

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).

SADC's FDI reached $10 billion in 2022.

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).

WEMU's FDI reached $5.2 billion in 2022.

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).

East African Community FDI rose 9% to $3.8 billion in 2022.

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).

New energy and gas supply projects announced in 2022 rose to $120 billion, up from $24 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).

Construction and extractive industry projects were valued at $24 billion and $21 billion, respectively, in 2022.

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).

The information and communication sector had the most projects in 2022.

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).

Which sectors are Chinese investments in Africa focusing on?

European investors, led by the UK, France, and the Netherlands, are the largest owners of FDI in Africa.

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).

Which countries are actively investing in Africa besides China?

Egypt's net foreign direct investments as a percentage of GDP are expected to rise to 2.5% this year and 3% by 2025.

The government expects foreign direct investment to reach $11.7 billion this year and $16.5 billion by 2025.

Gulf countries' $22 billion investment pledges will boost foreign direct investment.

Egypt's new green projects have surpassed $5.6 billion, more than tripling, the UNCTAD report says.

Which African countries are driving the venture capital ecosystem?

North Africa's foreign direct investment fell 5% to $9.3 billion last year.

Mozambique ranked third in African foreign investment flows last year, with a 68% increase to $5.102 billion.

What trends are emerging for African startups in 2022?

Nigeria ranked fourth, attracting $4.844 billion in inflows, a 103% increase from the previous year.

What trends are emerging for African startups in 2022?

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Ethiopia ranked fifth, with foreign direct investment inflows rising 79% to $4.259 billion.

What trends are emerging for African startups in 2022?

African tech companies offer attractive valuations and 100% annual growth rates.

Africa's telecom, media, and financial services sectors have a positive growth outlook.

Which sectors received the most foreign investment?

Venture capital in Africa has grown about 10x in five years, driven by its young population.

What trends are emerging for African startups in 2022?

Africa's financial services and fintech sectors are expected to continue growing as the continent moves towards a cashless society.

Which sectors received the most foreign investment?

The proposed Mediclinic International PLC acquisition will be Africa's largest private equity deal in three years.

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African private equity activity surges to 5-year high in 2022

Private equity and venture capital investments in Africa soared 66% year over year in 2022 to $7.70 billion, the highest aggregate value for the region in the last five years, S&P Global Market Intelligence data shows.

The massive jump was mainly due to the proposed acquisition of hospital operator Mediclinic International PLC, which is valued at more than $5 billion.

Transaction volume, which includes M&A and rounds of funding, has steadily climbed in the region since 2018 and reached 404 deals in 2022. The continent saw a full-year increase in transaction volume even as activity slowed sharply in the final quarter of the year.

Investments with private equity involvement totaled $370 million in the fourth quarter of 2022, down 71% from $1.28 billion in the prior-year period. Deal volume declined 43% over the same time frame.

* Download a spreadsheet with data featured in this report.
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Attractive valuations, young demographics

African technology companies offer appealing entry valuations and high growth rates of about 100% annually compared to peers in the U.S., according to Fope Adelowo, principal at Helios Investment Partners LLP, which invests in telecommunications, media and financial services across the region.

"The growth outlook for those sectors are not only quite positive, but they are also, in many ways, noncyclical," Adelowo said. "When you look at the global environment, whether that's people using more digital methods to make payments ... consumers consuming more data, we're really just in the early stages."

African economies are also buoyed by young populations that are "increasingly entrepreneurial and driven by technology-led innovation," Adelowo said. Money moved into venture capital in the region has grown about 10x in the last five years, largely due to that young population, which is "very digitally engaged." That is helping drive innovation to address inefficiencies in many sectors in Africa, Adelowo added.

Health, tech sectors drawing interest

Once the multibillion-dollar deal for Mediclinic closes, that transaction will become the largest private equity capital deployment in Africa in the last three years. Mediclinic's buyers include Remgro Ltd. and SAS Shipping Agencies Services SÀRL. The deal is expected to close in the first quarter.

The technology sector, particularly digital infrastructure, is also attracting investor interest, Adelowo said. There is an imbalance in the supply of data centers, for example, compared to growth expected from consumers that need more data and are spending more time online.

Africa's financial services and fintech sectors are also expected to continue to grow as many African countries increasingly move to a cashless society, Adelowo added.

What trends are emerging for African startups in 2022?

significant merger and acquisition activity

Foreign direct investment in Africa reached a record $83 billion in 2021, led by European investors from the UK and France.

Which countries are actively investing in Africa besides China?

Africa's foreign direct investment share rose to 5.2% in 2021 from 4.1% in 2020.

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.

Most African countries saw a slight increase in foreign direct investment 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.

Africa's new project announcements totaled $39 billion in 2021, up from $32 billion in 2020.

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.

Africa had an estimated 71 international renewable energy projects 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.

A $20 billion project will export Moroccan wind energy to the UK via submarine cables.

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.

China led investments in Rwanda in 2021 and 2022, with $357.7 million and $182.4 million, respectively.

Title:

Content: Advertisement

China and India dominate investment in Rwanda despite wooing Europe

Monday May 15 2023

The Chinese medical team donates a consignment of supplies to Rwanda on January 2022. Data shows China in 2021 and 2022 topped the number of registered foreign investments in Rwanda. PHOTO | XINHUA via AFP

By BERNA NAMATA

China and India remain leading investors in the Rwandan economy despite the country investing millions of dollars in investment and tourism promotion in Western Europe.

Figures by the Rwanda Development Board (RDB), the country’s investment and tourism promotion agency, show that in 2022, the country attracted investments worth $1.6 billion. Of this, $182.4 million or 11.2 percent represented in 49 projects came from China.

India came second with $151 million in investment portfolio or 9.2 percent, with 36 projects.

In 2021, China still topped the number of registered investments at $357.7 million or 9.5 percent of the $3.74 billion total investments registered at the time.

The second investor was Kenya, which had invested $92.6 million or 2.5 percent.

In 2022, Kenya registered investments worth $35.8 million, just 2.2 percent of the entire investment value.

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Also read: Ethiopia topples Uganda, Tanzania for Kenya investments abroad

Manufacturing, financial services and insurance activities accounted for 45.6 percent of total registered investments in 2022, and are expected to create 38.5 percent of jobs generated from investments, the report says.

It also shows that for the first time, local investors are leading private investment in the country, accounting for approximately $504.8 million or 33.1 percent of the total investment, with 123 projects.

A multimillion-dollar private investment company owned by the ruling Rwanda Patriotic Front (RPF), Crystal Ventures Ltd, is among leading local investors.

The EastAfrican has learned that last year the company invested in machinery for the expansion of the construction firm Construct Ltd.

“We are pleased that our efforts to attract transformative investments in various sectors – such as manufacturing, real estate, finance and entertainment – were successful, and the diversity of these investments indicates a healthy and dynamic econom,” Clare Akamanzi, the RDB chief executive, said in the annual report.

In 2021, Crystal Ventures Ltd was also among the leading investors with a key project – setting up a milk powder plant with the capacity to process 500,000 litres per day, according to the RDB 2021 report.

Wooing Europe

Although Asia remains a top investor in Rwanda, Kigali is focused on attracting investment and tourists from Europe.

And despite criticism, Rwanda has maintained its deals with football clubs are paying off, without giving definite figures linked to the sponsorship.

Read: AKAMANZI: Sportswashing? No. Rwandans benefit from the business of sport

Recently, President Paul Kagame reaffirmed that the deal with Arsenal Football Club, which plays in the English Premier League, is paying off.

“Imagine this season if we (Arsenal) become the champions, I will be rushing to the bank to collect some money. We are getting more, by a big factor,” he said responding to a question from a journalist during a press briefing onFebruary 27.

This week, RDB announced it had renewed its ‘Visit Rwanda’ partnership with French football club Paris Saint-Germain after three years to showcase the country as a top tourism and investment destination.

“There is more to the partnership between Visit Rwanda and Paris Saint-Germain than just promoting Rwanda as a destination. It aims to create synergies in culture, fashion, the arts and football development, which is very important to us.

Paris Saint-Germain provides us with an amazing platform to present the very best of Rwanda to millions of fans around the world,” Michaella Rugwizangoga, RDB’s chief tourism officer, said in a statement announcing the renewal of the partnership on May 10.

The amount paid for the deal has not been disclosed.

The deal came after a similar multi-millionone, initially estimated at $41.4 million, signed in 2018 with English football club Arsenal, which was also renewed in 2021 to run until 2025 at a cost of approximately $13.8 million a year, according to soccer website Football.London.

RDB figures show tourism generated $445 million in revenue, up from $164 million in 2021, representing an increase of 171.3 percent.

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India invested $151 million in Rwanda in 2022, making it the second leading investor.

What trends are emerging for African startups in 2022?

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

Rwanda received $1.6 billion in investment in 2022, from 49 Chinese and 36 Indian projects.

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

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

Local investors in Rwanda led private investment in 2022 with $504.8 million and 123 projects.

What trends are emerging for African startups in 2022?

Manufacturing, finance, and insurance made up 45.6% of total registered investments in 2022.

The Africa Investment Forum coordinated $32.8 billion in African project investments.

Title:

Content: Africa Investment Forum announces coordination of investments worth $32.8 billion - Sunrise Portal
Friday 18 March 2022 7: 02 AM Cairo Cairo 24 °
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Africa Investment Forum Announces $32.8 Billion Investment Coordination
African Development Bank
A, A, A,
Published on: Friday 18 March 2022 - 6: 02 AM | Last updated on Friday 18 March 2022 - 6: 02 AM
African Development Bank (AfDB) President Akinwumi Adesina announced that the forum was successful in coordinating investment deals for projects in Africa worth $32.8 billion.
At the end of the Africa Investment Forum, Adesina said that the largest deal reached at the African Investment Forum, which was held by default, during the period from 15 to 17 March, amounted to $15.6 billion for the Lagos-Abidjan highway, which connects two major cities in West Africa, Nigeria and Ivory Coast.
The 1,200-kilometer highway will consist of four to six lanes and will take about six years to complete, he said.
The projects addressed by the forum touched on the sectors of agriculture, education, energy, climate, health care, minerals, mining and information and communication technology.
Adesina noted that other projects will include the creation of a new medical city in the Senegalese capital of Accra, a fund for health services for low-income populations in South Africa, and two platforms for the manufacture of pharmaceutical products: one in West Africa and the other in Kenya.
These projects are part of the bank ’ s response to COVID-19.
The forum was originally scheduled for late last year in the Ivorian capital Abidjan, but was postponed due to an increase in the number of Omicron cases.
Adesina said: “Through the African Investment Forum, we aim to offset some of the decline in investments that occurred as a result of the COVID-19 pandemic, where“ project funding decreased by about 49%, affecting infrastructure. ”
The AfDB sees its focus on infrastructure as boosting intra-African trade, which today accounts for only about 15% of the continent ’ s total trade, as investment flows are set to help accelerate the implementation of the African Continental Free Trade Area (AfCFTA), which is expected to be fully operational in 2030, to include a market of 1.2 billion people with a GDP of $2.5 trillion.
The African Export-Import Bank is also developing a system that will enable the transfer of funds between African countries instead of settling payments through US and European banks, an initiative that is expected to save the continent $5 billion in annual transaction costs.
“We have no choice but to make the African Continental Free Trade Area (AfCFTA) operational as soon as possible. ”
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The African Investment Forum's largest deal was a $15.6 billion highway connecting Nigeria and Ivory Coast.

Title:

Content: Africa Investment Forum announces coordination of investments worth $32.8 billion - Sunrise Portal
Friday 18 March 2022 7: 02 AM Cairo Cairo 24 °
Most Read
You might like it, too.
Share your opinion
Do you expect the Russian-Ukrainian crisis to be contained soon?
Africa Investment Forum Announces $32.8 Billion Investment Coordination
African Development Bank
A, A, A,
Published on: Friday 18 March 2022 - 6: 02 AM | Last updated on Friday 18 March 2022 - 6: 02 AM
African Development Bank (AfDB) President Akinwumi Adesina announced that the forum was successful in coordinating investment deals for projects in Africa worth $32.8 billion.
At the end of the Africa Investment Forum, Adesina said that the largest deal reached at the African Investment Forum, which was held by default, during the period from 15 to 17 March, amounted to $15.6 billion for the Lagos-Abidjan highway, which connects two major cities in West Africa, Nigeria and Ivory Coast.
The 1,200-kilometer highway will consist of four to six lanes and will take about six years to complete, he said.
The projects addressed by the forum touched on the sectors of agriculture, education, energy, climate, health care, minerals, mining and information and communication technology.
Adesina noted that other projects will include the creation of a new medical city in the Senegalese capital of Accra, a fund for health services for low-income populations in South Africa, and two platforms for the manufacture of pharmaceutical products: one in West Africa and the other in Kenya.
These projects are part of the bank ’ s response to COVID-19.
The forum was originally scheduled for late last year in the Ivorian capital Abidjan, but was postponed due to an increase in the number of Omicron cases.
Adesina said: “Through the African Investment Forum, we aim to offset some of the decline in investments that occurred as a result of the COVID-19 pandemic, where“ project funding decreased by about 49%, affecting infrastructure. ”
The AfDB sees its focus on infrastructure as boosting intra-African trade, which today accounts for only about 15% of the continent ’ s total trade, as investment flows are set to help accelerate the implementation of the African Continental Free Trade Area (AfCFTA), which is expected to be fully operational in 2030, to include a market of 1.2 billion people with a GDP of $2.5 trillion.
The African Export-Import Bank is also developing a system that will enable the transfer of funds between African countries instead of settling payments through US and European banks, an initiative that is expected to save the continent $5 billion in annual transaction costs.
“We have no choice but to make the African Continental Free Trade Area (AfCFTA) operational as soon as possible. ”
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The Lagos-Abidjan highway will be 1,200 kilometers long with four to six lanes and take six years to complete.

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Content: Africa Investment Forum announces coordination of investments worth $32.8 billion - Sunrise Portal
Friday 18 March 2022 7: 02 AM Cairo Cairo 24 °
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Africa Investment Forum Announces $32.8 Billion Investment Coordination
African Development Bank
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Published on: Friday 18 March 2022 - 6: 02 AM | Last updated on Friday 18 March 2022 - 6: 02 AM
African Development Bank (AfDB) President Akinwumi Adesina announced that the forum was successful in coordinating investment deals for projects in Africa worth $32.8 billion.
At the end of the Africa Investment Forum, Adesina said that the largest deal reached at the African Investment Forum, which was held by default, during the period from 15 to 17 March, amounted to $15.6 billion for the Lagos-Abidjan highway, which connects two major cities in West Africa, Nigeria and Ivory Coast.
The 1,200-kilometer highway will consist of four to six lanes and will take about six years to complete, he said.
The projects addressed by the forum touched on the sectors of agriculture, education, energy, climate, health care, minerals, mining and information and communication technology.
Adesina noted that other projects will include the creation of a new medical city in the Senegalese capital of Accra, a fund for health services for low-income populations in South Africa, and two platforms for the manufacture of pharmaceutical products: one in West Africa and the other in Kenya.
These projects are part of the bank ’ s response to COVID-19.
The forum was originally scheduled for late last year in the Ivorian capital Abidjan, but was postponed due to an increase in the number of Omicron cases.
Adesina said: “Through the African Investment Forum, we aim to offset some of the decline in investments that occurred as a result of the COVID-19 pandemic, where“ project funding decreased by about 49%, affecting infrastructure. ”
The AfDB sees its focus on infrastructure as boosting intra-African trade, which today accounts for only about 15% of the continent ’ s total trade, as investment flows are set to help accelerate the implementation of the African Continental Free Trade Area (AfCFTA), which is expected to be fully operational in 2030, to include a market of 1.2 billion people with a GDP of $2.5 trillion.
The African Export-Import Bank is also developing a system that will enable the transfer of funds between African countries instead of settling payments through US and European banks, an initiative that is expected to save the continent $5 billion in annual transaction costs.
“We have no choice but to make the African Continental Free Trade Area (AfCFTA) operational as soon as possible. ”
You might like it, too.
Share your comment

Toyota, Nissan, and Toshiba have invested in Africa.

What trends are emerging for African startups in 2022?

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

Which sectors received the most foreign investment?

Hyundai, Samsung, and LG have invested in Africa.

What trends are emerging for African startups in 2022?

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

India is now the fifth largest investor in Africa, with 18 new diplomatic missions on the continent.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

Over 1.3 million people of Indian descent live in Africa, controlling around 60% of East Africa's economy.

Africa's foreign direct investment reached $45 billion in 2022.

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

Africa's 2022 trade value reached a new high, with $694.5 billion in imports and $661.4 billion in exports.

Egypt ranked second in Africa's foreign investment flows with $5.122 billion in 2021.

Which African countries are driving the venture capital ecosystem?

South Africa led Africa in foreign investment flows with $40.889 billion in 2021, up 1,235% from 2020.

Mozambique ranked third in Africa for foreign investment, receiving $5.102 billion in 2021, up 68% from 2020.

Nigeria ranked fourth in Africa's foreign investment flows, receiving $4.844 billion in 2021, up 103% from 2020.

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Ethiopia ranked fifth in Africa for foreign investment, receiving $4.259 billion in 2021, up 79% from 2020.

China-Africa TEDA is investing in Egypt's Suez Canal Economic Zone.

Title:

Content: China-Africa TEDA Investment Co, the operator of China-Egypt Suez Economic and Trade Cooperation Zone (TEDA Suez) in the Suez Canal Economic Zone (SCZONE), is finalising eight projects representing investments worth more than $5 billion.

The projects range from chemicals to wind turbine blades, according to a press statement issued by the General Authority for the Suez Canal Economic Zone. The projects are as follows:

These projects are expected to provide approximately 7,000 job opportunities, the statement by the Authority noted.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

Which African countries are driving the venture capital ecosystem?

Which sectors are Chinese investments in Africa focusing on?

The eight projects are worth over $5 billion.

Title:

Content: China-Africa TEDA Investment Co, the operator of China-Egypt Suez Economic and Trade Cooperation Zone (TEDA Suez) in the Suez Canal Economic Zone (SCZONE), is finalising eight projects representing investments worth more than $5 billion.

The projects range from chemicals to wind turbine blades, according to a press statement issued by the General Authority for the Suez Canal Economic Zone. The projects are as follows:

These projects are expected to provide approximately 7,000 job opportunities, the statement by the Authority noted.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

The projects span industries like chemicals and wind turbine blades.

Title:

Content: China-Africa TEDA Investment Co, the operator of China-Egypt Suez Economic and Trade Cooperation Zone (TEDA Suez) in the Suez Canal Economic Zone (SCZONE), is finalising eight projects representing investments worth more than $5 billion.

The projects range from chemicals to wind turbine blades, according to a press statement issued by the General Authority for the Suez Canal Economic Zone. The projects are as follows:

These projects are expected to provide approximately 7,000 job opportunities, the statement by the Authority noted.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

The projects are located in TEDA Suez.

Title:

Content: China-Africa TEDA Investment Co, the operator of China-Egypt Suez Economic and Trade Cooperation Zone (TEDA Suez) in the Suez Canal Economic Zone (SCZONE), is finalising eight projects representing investments worth more than $5 billion.

The projects range from chemicals to wind turbine blades, according to a press statement issued by the General Authority for the Suez Canal Economic Zone. The projects are as follows:

These projects are expected to provide approximately 7,000 job opportunities, the statement by the Authority noted.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

Which African countries are driving the venture capital ecosystem?

The projects will provide around 7,000 jobs.

Title:

Content: China-Africa TEDA Investment Co, the operator of China-Egypt Suez Economic and Trade Cooperation Zone (TEDA Suez) in the Suez Canal Economic Zone (SCZONE), is finalising eight projects representing investments worth more than $5 billion.

The projects range from chemicals to wind turbine blades, according to a press statement issued by the General Authority for the Suez Canal Economic Zone. The projects are as follows:

These projects are expected to provide approximately 7,000 job opportunities, the statement by the Authority noted.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

How many jobs were expected from the February 2023 foreign investment projects?

What is the impact of Chinese companies on jobs in Africa?

Tanzania saw a 128% increase in registered projects in February 2023, with 41 projects registered.

Title:

Content: ADVERTISEMENT

Tanzania is fast becoming one of the best investment destinations in the world

  • The number of registered projects in Tanzania increased by 128%, in February.
  • A total of 41 projects were registered across the country.
  • e 7,370 jobs expected from the new projects portray a 493% increase over those created by projects registered in February 2022.

Tanzania's pro-business stance, perpetrated by the President of the country, Samia Suluhu Hassan is sending a positive message to investors, who are increasingly choosing Tanzania as their preferred investment destination, with the number of registered projects increasing by 128%, according to the most recent data.

The aforementioned data which was released by the Tanzania Investment Centre (TIC) shows that in February 2023, a total of 41 projects were registered across the country. This represents a 128%increase compared to 18 projects that were registered in February 2022.

Projects registered in February 2023 had a total value of $339.2 million (over Sh780 billion) and were expected to create 7,370 jobs. This reflects a 347% growth over the $75.9 million in capital estimated to be pumped into the country's economy in February 2022.

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Likewise, the 7,370 jobs expected from the new projects portray a 493% increase over those created by projects registered in February 2022.

The TIC executive director Gilead Teri noted via the TIC’s Monthly Investment Bulletin for February 2023 that through President Samia’s initiative to simplify business license registration, coupled with her devotion to growing the investment portfolio of the country, Tanzania has been able to become the attractive investment destination it is in her young tenure so far.

He stated, “apart from devoting considerable attention to supporting investors, the administration of President Samia Suluhu Hassan has streamlined licenses and permits procedures through implementing the Blueprint for Regulatory Reforms.”

He also noted that the government has increased its use of automation in compliance processes in recent months. It has also rationalized institutions to reduce duplication and simplified the process of acquiring land for investment purposes.

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President Hassan recently moved the investment docket from the Ministry of Industry and Trade to the President's Office in an effort to further transform Tanzania's investment landscape.

Additionally, the value of capital expected to be invested has increased by 413%, rising from $66 million in January to $339 million in February of this year.

Transportation remained the most capital-intensive sector, followed by agriculture, manufacturing, tourism, and commercial buildings. Transportation emerged as the leading sector in attracting investment in February 2023, with projects worth $156.17 million.

In February 2023, it accounted for 46% of the total value of projects registered. Agriculture came in second with $90.20 million, accounting for 27%, while manufacturing received $53.68 million, accounting for 15.8%.

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Tourism projects were valued at $29.02 million, while commercial buildings brought in $10.15 million, representing 9% and 3% of the total.

Manufacturing, tourism, and agriculture emerged as the top three leading sectors in attracting foreign direct investments (FDIs).

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February 2023 project registrations totaled $339.2 million, a 347% increase from February 2022's $75.9 million.

February 2023's 41 projects are expected to create 7,370 jobs, a 493% in

How many jobs were expected from the February 2023 foreign investment projects?

What is the impact of Chinese companies on jobs in Africa?