https://en.sputniknews.africa/20230525/this-african-country-appears-to-have-become-continents-investment-hub-1059467083.html
This African Country Appears to Have Become Continent's Investment Hub
This African Country Appears to Have Become Continent's Investment Hub
Sputnik Africa
Nigeria appears to be the main recipient of foreign direct investment in Africa, with almost 30% of FDI going to the West African country, according to Kashifu Inuwa, Nigeria’s Director General NITDA.
2023-05-25T10:16+0200
2023-05-25T10:16+0200
2023-05-25T10:18+0200
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Nigeria appears to be the main recipient of foreign direct investment in Africa, with almost 30% of FDI going to the West African country, according to Kashifu Inuwa, Nigeria’s Director General of the National Information Technology Development Agency (NITDA).The Nigerian tech ecosystem managed to attract some $4.4 billion of FDI in 2015, 2019 and 2020 combined, with information and communications technologies (ICT) making up around 18.5% of the African country's GDP, according to Inuwa's statement made at the Leaders Without Borders Annual Business Summit and International Honors 2023.According to UNCTAD’s World Investment Report 2022, African countries gained a record $83 billion in FDI in 2021. At the same time, flows of investments to the African nations account only for 5.2% of global foreign direct investment.The most attractive regions for investors appeared to be Southern Africa, East Africa and West Africa.
https://en.sputniknews.africa/20230516/asian-countries-lead-foreign-investment-in-rwanda-development-board-says-1059291314.html
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which country is aftrican investment hub? nigeria's share in fdi, foreign direct investment in africa
which country is aftrican investment hub? nigeria's share in fdi, foreign direct investment in africa
This African Country Appears to Have Become Continent's Investment Hub
10:16 25.05.2023 (Updated: 10:18 25.05.2023) African countries received a record $83 billion in foreign direct investment (FDI) in 2021, according to the 2022 United Nations Conference on Trade and Development's (UNCTAD) report on world investments.
Nigeria appears to be the main recipient of foreign direct investment in Africa, with almost 30% of FDI going to the West African country, according to Kashifu Inuwa, Nigeria’s Director General of the National Information Technology Development Agency (NITDA).
The Nigerian tech ecosystem managed to attract some $4.4 billion of FDI in 2015, 2019 and 2020 combined, with information and communications technologies (ICT) making up around 18.5% of the African country's GDP, according to Inuwa's statement made at the Leaders Without Borders Annual Business Summit and International Honors 2023.
According to UNCTAD’s World Investment Report 2022, African countries gained a record $83 billion in FDI in 2021.
At the same time, flows of investments to the African nations account only for 5.2% of global foreign direct investment.
The most attractive regions for investors appeared to be Southern Africa, East Africa and West Africa.
