Egypt Maintains Top Investment Destination in Africa for the Second Year in a Row ...Egypt

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Egypt has secured its position as the top investment destination in Africa for the second year in a row, according to a report issued by the United Nations Conference on Trade and Development (UNCTAD) on 14 July.    .  In 2023, the country attracted 18.6 percent of the continent’s total foreign direct investment (FDI), amounting to USD 52.6 billion. The report highlighted a steady increase in investment flows to Egypt since 2014, despite successive crises. FDI reached USD 9.8 billion in 2023, up from USD 9 billion in 2019 and USD 4.6 billion in 2014. One of the key facilitating measures introduced in 2023 is Egypt’s one-stop-shop system for investment projects, which streamlines the process

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