Mauritania's $34 billion green hydrogen initiative boosts Africa's FDI growth

Foreign direct investment (FDI) flows to Africa slightly decreased by 3% to $53 billion last year, according to UNCTAD's World Investment Report. 

The decline was due to mixed FDI trends in Egypt and South Africa, two of the continent's largest economies. 

However, Africa saw an increase in global mega projects, notably in Mauritania which launched a green hydrogen project expected to attract over $34 billion in investments.