Uganda, Tanzania attract most foreign cash

Developing and transition economies attracted half of global FDI inflows, last year, and invested one quarter of global FDI outflows. Unctad says that Africa as a whole is witnessing the rise of new sources of FDI.

In 2009 following almost a decade of uninterrupted growth, FDI flows to Africa fell to $59 billion — a 19 per cent decline compared with 2008, mainly due to reduction in global demand and falling commodity prices.

Commodities producers in West and East Africa were most affected. However, reduced investment in the services sector in Africa was less pronounced than in other sectors.