Africa’s biggest economies are entering a new phase of competition for capital, trade and financial influence. South Africa is confronting a rare reversal in Foreign Direct Investment even as a Gulf banking giant targets its financial sector, while Nigeria is drawing fresh interest from European development finance. Across the continent, growth forecasts, export rankings, and new investment flows are showing where investors see opportunity—and where structural weaknesses remain.
Here are the stories shaping the week
South Africa records first negative FDI inflows since 1990
South Africa recorded its first negative FDI since 1990 last year as multinational companies repatriated profits, adjusted intracompany financing and completed major mergers and acquisitions transactions.
Why it matters: The reversal highlights the fragility of investment confidence in Africa’s most industrialised economy. While the decline may partly reflect corporate transactions rather than a broad investor exit, sustained negative inflows could weaken job creation, productivity and long-term
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