According to the World Bank, between 2011 and 2020, more than $300 billion in Foreign Direct Investment (FDI) was funneled into the ten African nations with the highest Foreign Direct Investment (FDI) rankings.
According to the Organization for Economic Co-operation and Development (OECD), foreign direct investment (FDI) is a crucial component in the growth of a nation and is necessary for the functioning of an open and successful international economic system.
What Is FDI?
A foreign investor, firm, or government's ownership share in a foreign company or project is called foreign direct investment (FDI).
The word refers to a company's choice to buy a large share in a foreign company or buy it all together to expand into a new market.
Foreign direct investment (FDI) is typically considered by companies or governments that are interested in expanding their operations into countries with a competent workforce and above-average development.
The following is a list, derived from information provided by the World Bank, of the ten nations in Africa that receive the most foreign direct investment (FDI).
List of African Countries With the Highest Amount of FDI
Egypt ($56.2 billion)
Nigeria ($45.1 billion)
South Africa ($41.3 billion)
Mozambique ($37.17 billion).
Ghana ($32.5 billion)
Morocco ($27.1 billion)
Congo Republic ($21.4 billion)
Ethiopia ($20.8 billion)
Democratic Republic of Congo ($13.59 billion)
Algeria ($12.4 billion).
Which country has the highest FDI in 2022?
In the third quarter of 2022, the United States, Ireland, and the United Kingdom were the top three countries in the world in terms of the amount of foreign direct investment (FDI).
What is Nigeria's FDI in 2022?
Foreign Direct Investment (FDI) in Nigeria climbed by 725.7 US Million Dollars in September 2022, compared to a decrease of 1.5 US Billion Dollars in the previous quarter.
What is USA FDI in Nigeria?
In 2019, foreign direct investment (FDI) from the United States was valued at $5.5 billion in Nigeria (stock), representing a 21.5% increase from 2018.