Africa, renowned for its abundant natural resources, offers a diverse spectrum of investment prospects. Notable sectors attracting investment interest span mining, oil and gas, real estate, technology, and infrastructure.
Real estate emerges as a burgeoning sector, propelled by escalating demand for both residential and commercial properties. Additionally, investing in Africa, particularly in the technology industry, where a burgeoning ecosystem of startups and tech enterprises thrives, unveils genuine business opportunities.
The UNCTAD Investment Report of 2023 discloses that foreign direct investment (FDI) inflows to Africa dwindled to 45 billion USD in 2022 from a record high of 80 billion USD in 2021. These statistics constituted 3.5 % of global FDI:
• The tally of announcements for new projects surged by 39%, reaching 766.
• Africa witnessed the inception of six out of the top 15 greenfield mega-investment projects (each exceeding 10 billion USD) in 2022.
• FDI in the Eastern and Southern Africa Common Market ascended by 14%, amounting to 22 billion USD.
• European investors remain the foremost holders of FDI stocks in Africa by a significant margin.
This report serves as a succinct and comprehensive guide, shedding light on Africa’s pivotal role in the global investment arena. Often underestimated, Africa stands as a continent where the future unfolds with resolute determination and pace.