FDI, also known as foreign direct investment, has been virtually solely concentrated in Africa on the exploitation and export of natural resources for over a century. However, the momentum has changed after the turn of the 2000 and the tendency has finally changed in recent years. Global investors are more likely to visit Africa for their people’s promises than for their actual property.
Oil and mining now have a comparatively proportion of long-term foreign investment, with most investors focusing on telecoms, retail, and services. Over half of the FDI in the last seven years has been in the extractive industry.