Most countries reported an increase in the number of greenfields projects. (Yuhan Liao/ Getty Images)
Foreign investment in Africa’s clean energy sector remained robust in 2023, fuelling the continent’s growing sustainability momentum, according to a new report.
The report, ‘The World Investment Report by the UN Trade and Development,’ unveiled on June 20, shows a growing share of global greenfield megaprojects, particularly in clean energy, announced in Africa in 2023.
This is despite overall FDI inflows into the continent falling by 3% to US$53 billion, consistent with global trends where FDIs declined by 2% to US$1.3 trillion, with the impact felt most in developing economies, which suffered a 7% drop.
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