The United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2021states that the decline in Africa, higher than the decline in the developing-country average, came on top of an existing stagnant trend, with FDI on the continent having remained almost unchanged in 2019 compared to 2018. According to the report, the continent went into “its first recession in 25 years; the economic slowdown and mobility restrictions weighed down heavily on investment indicators. “Greenfield project announcements, an indication of investor sentiment and future FDI trends, dropped by 62 …

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