African countries attracting the highest FDI value 2019-2022
Egypt was the main recipient of Foreign Direct Investment (FDI) in Africa in 2022. That year, the country attracted nearly 11.4 billion U.S. dollars of FDI, an impressive growth compared to the previous years. South Africa and Ethiopia followed, with FDI reaching a value of 9.05 billion and 3.67 billion U.S. dollars in 2021, respectively. Large part of the annual FDI inflows into the African continent comes from China.