Africa’s FDI outlook dark as investors shift funds to US
Stacks of one hundred dollar notes at the bank's headquarters in Seoul. Multinational corporations from developed economies such as the United States, United Kingdom and France still hold the largest FDI stock in Africa. PHOTO | AFP
African economies will struggle to attract foreign direct investment in the next three years as investors exercise more caution over the continent’s political risks and governance and transparency issues.
A new survey by the US-based advisory firm A.T. Kearney warns that investors are now concerned with the operating environment in emerging markets.
