African and global FDI inflows weaken in 2017 says UNCTAD [Business Africa]

UNCTAD latest World Investment Report

Despite efforts to attract foreign direct investment (FDI) by African countries, FDI flows into the continent continues to decline, and it is not surprising since it is the same globally.

According to United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report, from 2016 to 2017, global foreign direct investment (FDI) flows decreased by 23 per cent from $1.87 trillion to $1.43 trillion, caused primarily by a decrease in cross-border mergers and acquisitions (M&As) from 2016 to 2017.

Nigerian entrepreneur reaps big from hibiscus

A Nigerian entrepreneur has found a way to exploit the growing healthy lifestyle trend, by brewing and selling a traditional Nigerian drink known as Zobo.

The beverage is made from hibiscus leaves which are known to have various nutritional and health benefits. Taiwo Mogbonjubola who started the business in 2016 now manufactures six flavours of her Exotica Zobo drink.