Angola is Portuguese-speaking African country to receive most FDI in 2010

28 July 2011

Paris, France, 28 July – Angola was the Portuguese-speaking African country that received the most foreign direct investment (FDI) in 2010, with a total of US$9.9 billion, according to the World Investment Report 2011 from the United Nations Conference on Trade and Development.

As occurred with most African countries, FDI channelled to Angola in 2010 was less than the US$11.6 billion posted in 2009.

In its turn, Mozambique received US$893 million in 2009 and US$789 million in 2010 and Cape Verde attracted US$111 million in foreign direct investment in 2010 as compared to US$119 the year before.

Sao Tome and Principe, the Portuguese-speaking African country to attract the least FDI, in 2010 received investment of US$3 million compared to US$14 million in 2009.

Finally, Guinea Bissau received US$9 million in 2010, which was also less than the previous year.

Foreign investment in Africa continues to fall, the UN agency said, and in 2010 the continent received a total of US$55 billion, which was 10 percent of all FDI in developing countries, as compared to 12 percent in 2009. (macauhub)