Foreign Direct Investment in Africa

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1150

According to the World Investment Report 2013, released by the United Nations Conference on Trade and Development (UNCTAD), Africa’s FDI inflows in 2012 were driven partly by investments in the extractive sector in countries such as the Democratic Republic of the Congo, Mauritania, Mozambique and Uganda. At the same time, there was an increase in FDI in consumer-oriented manufacturing and services, reflecting demographic changes. Between 2008 and 2012, the share of such industries in the value of greenfield investment projects grew from 7 percent to 23 percent of the total.