Investment Index: Top 5 African countries by Foreign Direct Investment

30 Aug 2022

In this article, ABiQ outlines the Top 5 African countries by Foreign Direct Investment (FDI).

In recent years, Africa has exerted a tremendous amount of effort to enhance its investment landscape. Africa has an abundance of natural resources that remain untapped. The African continent has the potential to provide a seemingly infinite supply of prospects for investment. Below, ABiQ explores Foreign Direct Investment (FDI) in Africa, as of 2021.

5 African countries by FDI

  1. South Africa – $40.9 Billion
  2. Egypt – $5.1 Billion
  3. Nigeria – $4.8 Billion
  4. Ethiopia – $4.3 Billion
  5. Republic of the Congo – $3.7 Billion

In 2021, the majority of the FDI that was funnelled into Africa went to South Africa. In 2021, South Africa was successful in securing FDI of approximately 41 billion US dollars. This represents an outstanding increase in comparison to the levels seen in prior years. Egypt and Nigeria came in second and third, respectively, with Foreign Direct Investment values of 5.1 billion and 4.8 billion U.S. dollars during 2021. 

Why invest in Africa? 

Africa is a land of opportunities. ​Africa’s population is set to increase by 25 percent over the next 10 years. Africa’s population is expected to grow from 1.340 billion in 2020 to 1.617 billion by 2030. This population growth will result in growing demands for additional electricity capacity, schools, hospitals, and retail space to meet the requirements of the growing population. This population growth across Africa will further expand a huge market with many opportunities. 

Which country is investing the most in Africa?

In terms of Foreign Direct Investment (FDI), China has been the leading investor in Africa over the past 10 years, followed by the US and France.

At ABiQ, we provide validated data and trusted business intelligence covering Africa and the Middle East. We use our unique forecasting and project tracking tool to track projects worth over $6.0 Trillion in UAE, Saudi Arabia, and 54 countries across Africa so that you can stay ahead of your competitors and grow your business. Contact us today to book a free demo now or register to get free access to a light version of our platform.

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