In 2015, Tanzania increased its FDI project numbers by 25% to 20, ranking 10th place in Africa.
The findings are included in the latest Africa Investment Report 2016 of the Financial Times (FT).
The report examines Africa’s macroeconomic trends, top investing companies in Africa by capital and sector breakdown of FDI into Africa by project number.
According to the report, the top 10 Africa Foreign Direct Investment (FDI) destinations by project numbers in 2015 were: South Africa with 118 projects, Kenya (85), Morocco (71), Egypt (59), Nigeria (51), Ghana (40), Mozambique (29), Ethiopia (27), Côte d’Ivoire (26), and Tanzania and Uganda with 20 projects each.
Adrienne Klasa, Editor of This is Africa, comments: “While some larger economies are struggling – disproportionately dragging down regional averages – smaller players such as Côte d’Ivoire, Tanzania and Senegal are stable and growing at a steady clip.”
The top 10 Africa FDI destinations by capital investment in 2015 were: Egypt with USD14.5b, Nigeria (USD8.6b), Mozambique (USD5.1b), South Africa (USD4.7b), Morocco (USD4.5b), Côte d’Ivoire (USD3.5b), Angola (USD2.7b), Kenya (USD2.4b), Senegal (USD1.9b), and Cameroon (USD1.8b).
The report notes that Western Europe was by far the top source region for capital investment in Africa with USD30.1b invested in 2015.
Italy was the top investor by capital investment in Africa in 2015, with projects valued at USD7.4b.
Despite China ranking 9th by capital investment and 7th by project numbers, it created 14,127 jobs across Africa in 2015.
In total, 495 companies invested in Africa in 2015, compared to 469 in 2014.
Africa Business Activity
“Business services, sales, marketing and support, and manufacturing were the top three business activities for FDI projects into Africa in 2015,” the report indicates.
Financial services was the top sector by project numbers in Africa for 2015 with 118 projects. Coal, oil and natural gas ranked top for capital investment in 2015 with USD15.7b invested.
Manufacturing has increased across the region at an average of 5% per year between 2011 and 2015, in line with the region’s drive to industrialize.
Africa Investment Report 2016 is based on databases from Analyse Africa and fDi Intelligence, divisions of the Financial Times.
To download a digital copy of the report visit: www.thisisafricaonline.com
For further information contact: AfricaInvestmentReport@ft.com