Foreign direct investment in Africa surges

Africa is the world’s fastest-growing region for foreign direct investment, according to a report from fDi Intelligence, a data division of the Financial Times group.

In a year when the global greenfield FDI market grew a paltry 1 per cent, Africa enjoyed a 65 per cent increase in capital investment in 2014 over the previous year, to an estimated $87bn. The number of FDI projects in the continent rose 6 per cent.

The FDI growth was balanced between the two halves of the continent: capital investment into north Africa more than doubled from $10bn to $26bn while sub-Saharan Africa saw its investment levels rise from $42bn to $61bn.

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