Investment fund manager and CEO of AttAfrica Kevin Teerovengadum explains…
Trends highlighted include:
– While the number of FDI projects into Africa fell by 16% to 602 in 2016, capital investment increased by 40% to $92.3bn
– Real estate was the top sector by capital investment in 2016, accounting for $36.5bn (or 40%) of announced FDI in the region
– Construction was the top business activity by capital investment, accounting for 40% of FDI. Combined, construction and manufacturing accounted for almost two-thirds of total capital investment.
– FDI into Africa accounted for 12% of global FDI in 2016, with project numbers accounting for 5%
– China became the largest investor in Africa by capital expenditure for the first time since fDi Markets records began in 2003, while the US remains the most prolific investor by number of projects