06 January 2016
Atta Africa Financial Update
Executive summary: Africa is the world’s fastest-growing region for foreign direct investment (fDi Intelligence).
In a year when the global greenfield foreign direct investment (FDI) market grew a paltry 1 per cent, Africa enjoyed a 65 per cent increase in capital investment in 2014 over the previous year, to an estimated US$87bn (figure includes North African countries). Sub-Saharan Africa saw its investment levels rise from US$42bn to US$61bn.
Generally FDI tends to be market-driven, and as a result economies that achieved strong economic growth last year also received growing volumes of FDI - Africa registered 5 per cent GDP growth in 2014, beating the global average by 1.5 percentage points.
Capital investment into Africa remains, at its core, resource-seeking, with oil and gas investments accounting for US$33bn. Real estate was the second-most popular sector, attracting US$12bn in investment, followed by communications at US$6bn.
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