São Paulo – Investment from African countries represents only 13% of total foreign direct investment received by the continent. The information was published by African news agency Panapress, based on a survey conducted by the United Nations Conference on Trade and Development (Unctad).
According to the survey report, South Africa, Nigeria, Morocco and Egypt are the countries in the continent that invest the most in Africa itself. The South Africans invest in the region ranging from Southern to Western Africa, as well as in Central Africa. Nigeria focuses on neighbouring nations, and Egypt and Morocco invest mostly in North Africa, where the Arab countries are located.
Last week, the United Nations and the African Union have launched, in partnership with Microsoft, a digital tool for fostering investment in the continent. It will be a platform for investment follow-up, on the Internet, with information about Africa for investors to base their decisions on.
The platform will provide data and information on local and foreign investors, their motivations, actions, perceptions, intentions, and the impact of their projects. Information for the platform will be culled from surveys conducted every six months among investors in more than 20 African countries. The first survey will start being ran on July 23rd in Kenya and Senegal.
*Translated by Gabriel Pomerancblum
