A new United Nations Conference on Trade and Development (Unctad) report estimates that foreign direct Investment (FDI) flows to Africa rose by 3% to $49-billion ($47-billion) in 2019, with South Africa consolidating on the recovery it recorded in 2018, when inflows more than doubled from $2-billion to $5.3-billion. Unctad’s latest Global Investment Trends Monitor, released on Monday, states that South Africa received inflows of $5-billion last year, while Egypt remained the continent’s largest FDI recipient, with inflows of $8.5-billion. Investments into Africa’s largest economy, Nigeria, surged by 71% to $3.4-billion.
