Angola and Egypt lead foreign investment in Africa

In_Angola_Magazine

Angola and Egypt were the top destination for foreign direct investment in Africa last year. According to fDi Intelligence , a data division of the Financial Times group, these countries were the top destination for foreign direct investment in Africa “as companies investing in the region searched for good growth potential on the continent”.

“In sub-Saharan Africa, oil-rich Angola raked in $16 billion more investment in 2014 than it did in the precious year, mostly in its vibrant oil and gas sector”, data revealed.

“In 2014, Africa experienced substantial growth in inward investment, with $87 billion find its way in mostly oil and gas projects — which got $33 billion or about a third of the total investments. Real estate was the second-most popular sector, attracting $12b billion in investment, followed by communications at $6 billion.

Africa is the world’s fastest-growing region for foreign direct investment, according to fDi Intelligence, with capital investments growing by 65 percent in 2014, while the global average only added 1 percent.

Nigeria, Mozambique and Morocco also saw a big increase in capital investments and together accounted for 27.5 percent, or $24 billion, of the foreign investment to Africa in 2014″. (Source: AFK Insider)

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