Accelerating foreign direct investment flow to Africa: from policy statements to successful strategies

Purpose – The growing investment gap and the declining foreign aid in recent years have compelled many African countries to turn to foreign direct investment (FDI) as a means to avoid development financing constraints. This article seeks to examine the performance of FDI flow to various regions and countries in Africa and the implication(s) on FDI of the recently launched new partnership for Africa's Development (NEPAD) programs. Design/methodology/approach – Explores strategies for accelerating the flow of FDI to Africa, especially the implications of NEPAD programs. Findings – Africa's FDI inflows are highly uneven both between regions and between countries depending on economic and political environment. In addition, if implemented successfully, NEPAD programs would help spur the flow of FDI to Africa. Originality/value – Besides the socio-economic policy recommendations, suggests marketing strategies to help increase the flow of FDI to Africa.