Browsing: FDI in Africa

• The pair have entered into their second, three-year agreement to scale and replicate successful Foreign Direct Investment partnership models.
• Agreement will set up mechanism to measure progress and results as well as joint marketing initiatives to strengthen cooperation and explore new investment opportunities.
• Both parties will carry out joint marketing efforts, training, and seminars to strengthen cooperation and explore new investment opportunities in Africa.

MIGA, the Multilateral Investment Guarantee Agency, has teamed up with African Trade and Investment Development Insurance (ATIDI), an insurance services provider, to accelerate the flow of foreign direct investments across Africa. As a key branch of the World Bank Group, MIGA specializes in offering guarantees, and this partnership aims to boost investor confidence throughout the continent.

The pair’s three-year partnership will be the second agreement between them aimed at maximizing development impact across economies in Africa, a continent that is grappling with a myriad of …

• The Southern Africa region received the most significant share of Foreign Direct Investment in 2020 
• Nigeria, South Africa and Angola attracted the highest amount of Foreign Direct Investment 
• East Africa received the lowest amount on the back of policy challenges and rising political tensions in countries such as Ethiopia

Southern Africa regained its lead at the most significant Foreign Direct Investment (FDI) hub in 2020, on the back of diversified economies.

A report by The East African also reveals that Morocco and Egypt received a majority of investment in the Northern Africa region. At the same time, Nigeria, Ghana and Côte d’Ivoire dominated in the west.

According to the Africa Attractiveness Report 2021 by Ernst and Young, Angola took the largest share of Foreign Direct Investment in central Africa.

East Africa

The report reveals that East Africa received the lowest foreign direct investments (FDI) last year, on the back of …

Ethiopia attracts $500 million Foreign Direct Investments (FDI) during the first quarter of the country’s current fiscal year according to the investment commission of Ethiopia.

The FDI declined by 20 per cent compared to the amount it attracted in 2019 in the same period due to the impact of the covid-19 according to Lilise Neme, the Commissioner of Ethiopian Investment Commission.

According to Lilise, 42 per cent are registered to invest in manufacturing, 47 per cent in service and 11 per cent are in agriculture sectors.

The commissioner added that the $500 million FDI registered in the three months in the face of a pandemic is promising and considered a victory. She also noted that most of the FDI is from China.

Despite Turkey, China and India being among the top FDI sources in Ethiopia, only one Chinese company appeared in the list of top 200 taxpayers awarded by Ethiopia …