• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nigeria, Egypt, Kenya and South Africa account for 80% of investment in Africa – AfDB

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
September 27, 2021
in Business News, Spotlight
Adesina speaks about the new AfDB Youth Investment bank 

President of the African Development Bank

Share on FacebookShare on TwitterShare on Linkedin

The African Development Bank says that Nigeria, Egypt, Kenya and South Africa account for about a third of the incubators and accelerators and 80% of investments in Africa. This is according to the new report titled, ‘Entrepreneurship and Free Trade Volume II – Towards a New Narrative of Building Resilience’, published by the African Development Bank (AfDB).

This report, which is a sequel to an earlier report ‘Entrepreneurship and Free Trade: Africa’s Catalysts for a New Era of Economic Prosperity’, examined the state of African entrepreneurship within a global lens, while highlighting developments, and suggesting future directions for entrepreneurship in Africa.

While looking at the various degrees of entrepreneurship across Africa, the survey found that Nigeria and three other nations dominate the market in terms of incubators and accelerators as well as investment percentages.

RelatedStories

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 

FG to concession major national projects to repay loans – Finance minister 

May 30, 2025
AfDB, AI

AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments 

May 29, 2025

What the report is saying

The report read in part, ”Entrepreneurship in Africa highlighted that the study of entrepreneurship is multifaceted and influenced by economic resource availability and constraints, political and governance systems, and related socio-economic factors touching on education and culture. All regions and populations have differing degrees of entrepreneurship, and this is true in Africa as elsewhere.

“For instance, Egypt, Kenya, Nigeria and South Africa account for about a third of the incubators and accelerators and 80 percent of investment on the continent. Although this is not the only measure of entrepreneurship, there are reasons to explain why some countries push ahead faster with startups, ecosystem development, and commercialization. In the cases of these four countries, their economies and populations are larger than most African countries.”

The report added that, “other populous countries like Ethiopia, the Democratic Republic of Congo and Tanzania have not attracted comparable levels of investment activity for startups, suggesting more is required than population levels. Likewise, island states with higher per capita incomes like Mauritius and Seychelles have not developed critical mass in innovative activities despite having higher levels of wealth and legal and institutional environments for business that are typically more highly rated than their peers in Africa.”

The report also noted that Egypt, Nigeria and South Africa ranked as the top three countries on the continent in terms of attracting FDI over the past decade. The countries also tend to dominate the African portfolio investment market.

Egypt attracted FDI of about $56.2 billion between 2011-2020, Nigeria followed in the second position with about $45.1 billion and then South Africa with about $41.3 billion in the same period.

Tags: AfDBAfrican Development BankFDIFeatured
Ubah Jeremiah Ifeanyi

Ubah Jeremiah Ifeanyi

For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah

Related Posts

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 
Economy

FG to concession major national projects to repay loans – Finance minister 

May 30, 2025
AfDB, AI
Economy

AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments 

May 29, 2025
AfDB enters a $1bn exposure exchange agreement with Asian Development Bank
Economy

AfDB projects $39.84 billion decline in foreign funding to Africa by 2025 amid aid cuts 

May 29, 2025
Nigeria’s GDP per capita falls to $824, worse than 1960 levels – AfDB President Adesina
Business News

Presidency disputes AfDB President Adesina’s claim that Nigerians are worse off now than in 1960 

May 5, 2025
Economy

Raw material exports keep Africa poor – AfDB president Adesina says 

April 17, 2025
Business News

Africa receives only $33bn from $650bn IMF SDRs – AfDB president

April 13, 2025
Next Post
SCOOP: CBN supplies mutilated N50 notes to banks, contributing to sustained cash scarcity

COVID-19 interventions cost 3.5% of Nigeria’s GDP - CBN

Comments 2

  1. Owolabi Adekunle says:
    October 3, 2021 at 3:01 am

    Pls I’m a heavy truck driver with 13 years experience! I have united Arab Emirates heavy vehicles driving license, pls how can I Apply for this job.

    Reply
  2. Alechenu john Adama says:
    December 5, 2021 at 10:14 am

    I am a truck driver with five years experience,I work with Dangote cement plc obajanna plant.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri 
  • DMO allots N100 billion in June bond auction amid strong investor demand 
  • Lagos launches digital house numbering to tackle tax evasion, others 

Follow us on social media:

Recent News

Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri 

Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri 

June 24, 2025
FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer

DMO allots N100 billion in June bond auction amid strong investor demand 

June 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics