Investment in Africa dips

Posted On Tuesday, 07 August 2001 03:01 Published by eProp Commercial Property News
Rate this item
(0 votes)


A 50% DROP in foreign direct investment in Africa's main recipients SA, Angola and Morocco was the main reason for the 13% drop in foreign direct investment inflows into Africa last year, with the continent now accounting for less than 1% of global flows.


UNCTADThe United Nations Conference on Trade and Development (Unctad) said this could be attributed to the continued political and economic instability in the southern African region, which includes Zimbabwe, and in the eastern African region taking in countries such as the Democratic Republic of Congo, Rwanda and Burundi.

The latest preliminary preview showed that flows into Africa dropped 13% to $9,1bn, dragged down by poor performances from the continent's main recipients. Flows to other African countries were more or less stable. Foreign direct investment into north Africa increased last year to $2,6bn, while flows to sub-Saharan Africa were down to 6,4bn from $7,9bn in 1999.

Within sub-Saharan Africa, the Southern African Development Community remained the most important subregion in terms of investment inflows, which nonetheless dropped to $3,9bn in 2000 compared to $5,3bn in 1999.

But despite this decline, investment flows to the continent were much higher than in the early 1990s, as African countries have made considerable efforts to enhance their investment climates.

Unctad's forthcoming World Investment Report 2001, to be launched in September, will analyse these estimates and provide details at country, regional and international levels. The main theme of the report will be foreign direct investment and linkages to local enterprises.


Last modified on Thursday, 17 April 2014 09:18

Most Popular

Residential property market gathering momentum, says Eazi Real Estate

Nov 18, 2020
In this last quarter concluding in December 2020, the residential property market…

Lockdown impacts buying trends of generations of home buyers

Nov 15, 2020
The Covid-19 pandemic and lockdown has been a catalyst for highlighting the different…

Second-hand shopping is being revolutionised and expanding the circular economy

Nov 18, 2020
EPP CEO_Tomasz Trzoslo
Conscious consumers are championing the resale of goods to reduce waste and extend the…

Pam Golding Properties awarded Best Real Estate Agency in South Africa in International Property Awards

Nov 18, 2020
IPA Awards Pam Golding Properties 2020 - 2021
Competing against real estate companies from around the country, this is the 14th year…

SA commercial real estate delivers in excess of 12% yield on equity

Nov 18, 2020
Steven_Brown (1)
A silver lining amongst the many dark clouds dominating South Africa’s current economy…

Please publish modules in offcanvas position.