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In terms of the sources of FDI to AFRICA, developed economies account for the largest share of chunk of FDI to Africa followed by transition economies and developing economies. This was quite a change from the 2016 Africa’s FDI source composition. The flow of FDI from European Union and Italy increased significantly. The FDI from […]
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Green field investment declined in Africa by 9.6 percent from $94 billion in 2016 to $84 billion in 2017. According to Investopedia, a green field investment is a type of foreign direct investment (FDI) where a parent company builds it operations in a foreign country from ground up. According WIR, the services sector keep dominating […]
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Despite the strong increase that characterized foreign direct investment in Africa, the early 2000s, 2016 and 2017 saw a downfall in the level of foreign direct investment in Africa. FDI inflow into Africa declined by 21 percent from its 2016 level to $42 billion in 2017. North Africa received the largest share of the FDI […]
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As foreign investors have consistently ignored Lagos in favour of Abuja, a new found investor’s destination has sprung up in Abia State. After the second quarter of 2017 (point 2) when Lagos received 97% of the total foreign investment inflow into the country, Abuja began to win foreign capital increasingly at the expense of Lagos. […]
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Foreign Investment Network’s investment round table would hold at The Forbes Center on Thursday 27th September, 2018 at 10am prompt. The investment round table would be followed by Forbes Private reception tagged “Best of Africa” which is scheduled to hold the same day by 6pm. We want to use this medium to invite CEOs, Captain […]
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Morocco will soon be home to the world’s largest renewable energy-run desalination plant for drinking water and irrigation, following the signing of phase one of the €309 million ($352.9 million) project. The project will be developed by Abengoa, an international company that applies innovative technology solutions for sustainability in the energy and environment sectors, in […]
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African Development Bank has approved over R4.4 billion to support Morocco and Côte d’Ivoire’s renewable energy projects. These projects are expected to boost power supply and contribute towards the economic growth of their countries. In a statement by AfDB, more than 600 million people in the African continent do not have access to electricity which has […]
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Algeria, a North African country, needs to exploit its shale gas resources to balance a rise in local energy consumption that is affecting vital exports, but time and far-reaching reforms at the state energy firm will be required to develop the industry. The North African country is a key gas supplier to Europe, but exports […]
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In a move seen as an exit strategy out of its African business and a consolidation for Airtel, Regional telco Tigo has sold its Rwandan business to Airtel, which is its third of such sale this year. Bharti has announced that it had entered into a consensus with Millicom International, which is the parent firm […]
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A proposal has been submitted to the Zimbabwean government by Fly Modern Ark in which the South African start-up would provide Air Zimbabwe with Xian Aircraft Company turboprop equipment in return for a 25% stake in the state-owned airline. Air Zimbabwe is an existing MA-60 operator with three acquired from China during the last decade. […]
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