Nigeria, Egypt lead portfolio investment market in Africa

The African Development Bank (AfDB) has released the results of a study, showing that Nigeria, South Africa, and Egypt took the lead in Africa as far as the continent’s portfolio investment market in the last ten years is concerned.

It also revealed that these three nations, including Kenya, made up almost a third of the incubators and accelerators and 80 percent of investment in Africa.

The bank made this known in its recent report titled, “Entrepreneurship and Free Trade Volume II — Towards a New Narrative of Building Resilience” which was released on Friday.

The report also revealed that Egypt, Nigeria, and South Africa occupy the top three positions on the list of countries with the highest FDIs over the past ten years.

Egypt attracted FDI of about US$56.2 billion, Nigeria followed closely with about US$45.1 billion, while South Africa ranked third with about US$41.3 billion between 2011-2020.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us