Egypt, South Africa, and Nigeria lead Africa’s $1.21 trillion cumulative FDI inflows since 1990, with $195B, $151B, and $111B respectively

  • Egypt leads with $195.2 billion in cumulative FDI inflows as of 2024.
  • South Africa follows with $151.0 billion, and Nigeria is third with $110.7 billion.
  • Only these three countries have crossed the $100 billion mark over the 34-year span.
  • Morocco and Mozambique are neck-and-neck, with around $58–59 billion each.
  • Ghana and Ethiopia show strong mid-tier performances, both near or above $45 billion.
  • DR Congo, Algeria, and Congo round out the top 10 — all with over $30 billion in long-term FDI.

From 1990 through 2024, Egypt has steadily built itself into the top destination for foreign direct investment in Africa, amassing $195.2 billion, thanks to its diversified economy, Suez Canal corridor, and sustained infrastructure spending. South Africa, long seen as a gateway economy, attracted $151.0 billion, while Nigeria, despite its oil wealth and population size, trails with $110.7 billion, likely due to persistent regulatory and security challenges.

Morocco and Mozambique are standout mid-tier performers, drawing nearly $60 billion each, reflecting successful mining, energy, and manufacturing policies. Ghana and Ethiopia, with $48.8 billion and $46.4 billion respectively, reflect growing investor interest in West and East African growth hubs. DR Congo, Algeria, and Congo (Brazzaville) all exceed $30 billion.

Source:

UN Trade and Development (UNCTAD)

Period:

1990-2024
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