Pandemic punctures Africa’s prospects
The economic and financial market shocks unleashed by Covid-19 have worsened an already declining investment landscape in Africa. But there are various opportunities for recovery
25 February 2021 - 05:00
Global foreign direct investment (FDI) has suffered dramatically as a result of the coronavirus pandemic, and is set to decline to below $1-trillion for the first time since 2005. This represents a remarkable 40% year-on-year fall, with FDI set to dip below even the nadir of 2009 — the hangover from the global financial crisis.
This decline reflects the synchronised nature of the crisis, which has affected developed and developing markets simultaneously and unleashed real economic and financial market shocks in unison...
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