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Foreign investment in Algeria in decline

Foreign investment in Algeria fell $1.2 billion in 2017, a drop of 26 per cent compared to 2016, according the UN Conference on Trade and Development (UNCTAD).

A World Investment Report published on Wednesday explained that: "Foreign direct investment in North African countries fell by four per cent and reached $13 billion."

Low oil prices and the negative repercussions of the recession contributed to the contraction of the flow of investments to African economies, the authors said.

Investments in Africa fell by 21 per cent compared to 2016 and reached $42 billion. At the same time, investments in North Africa dropped four per cent and reached $13 billion. In Egypt, they fell by nine per cent ($7.4 billion).

South Africa recorded the largest decline in investments, which was down 66 per cent to reach $3.8 billion. South Africa has experienced a decline in attracting investment by 41 per cent ($3.1 billion) due to political uncertainty.

READ: Morocco revenues from Algeria gas up 52% 

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AfricaAlgeriaEgyptNewsSouth AfricaUN
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