Foreign Direct Investment Inflows Nearly Double in Southern Africa
JOHANNESBURG--July 11, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Southern Africa's gas sector has helped to drive a sharp increase in foreign direct investment inflow. The inflow almost doubled to $13 billion in 2013, with record highs in South Africa and Mozambique, according to the World Investment Report 2014 from The United Nations Conference on Trade and Development (UNCTAD).
Within this article: Divestments of Nigerian assets by Total (NYSE:TOT) and ConocoPhillips (NYSE:COP) to Sinopec Group (NYSE:SHI) and Oando; and Dangote Group's cement and concrete projects in five African countries and Nepal.
