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Kenya, Egypt, and Nigeria dominate Africa's investment hotspots list in 2023

Medial

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A report titled "The Africa Investment Report 2023" reveals that Kenya, Egypt, Nigeria, and South Africa collectively accounted for 68% of the total investment influx in Africa in 2023. These countries are attracting investors and serving as regional epicenters for international companies. Emerging markets such as Tunisia, Rwanda, and Ghana are also gaining traction as investment hotspots. Fintech remains the largest sector, while sectors like health, education, and agriculture are also receiving significant investment. Nigeria leads in terms of deal volume, followed by Kenya. The report suggests a future of balanced growth with emerging ecosystems carving their own niches.

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