(FDI) in Africa in 2005, experiencing a sharp jump in inflows to $6.4bn from only $0.8bn in 2004, a report by UN agency UNCTAD shows.
According to UNCTAD's World Investment Report 2006, FDI from Developing and Transition Economies: Implications for Development, Africa received record high FDI inflows in 2005 of $31bn, although this was mostly commitments, large numbers of investors eager to gain access to resources, and a generally favourable policy stance for FDI in the region. FDI continued capital formation increased to 19 percent in 2005." UNCTAD noted, however, that Africa's share of global FDI remained low at about 3 percent in 2005.
In the manufacturing sector, a number of transnational Arrangement in 2005. The acquisition of a majority stake in South African Of Africa's top ten recipient countries - South Africa, Egypt, Nigeria, Morocco, Sudan, Equatorial Guinea, the Democratic Republic of the Congo, Algeria, with investment was channelled into energy, machinery and mining, as well However, FDI inflows remained below $100mn in 34 African including Angola, which witnessed a drastic decline in FDI receipts in originated from a few countries. Six home countries - Egypt, Liberia, Libyan Arab Jamahiriya, Morocco, Nigeria and South Africa - accounted for over 80 percent of total outflows.
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