The Egyptian Exchange (EGX) had the lion's share of foreign direct investments pumped into Comesa markets in 2019, according to a report published by the bloc on Tuesday.
"Egypt could attract about 38% of the FDIs, followed by Tunisia and Sudan with 9 and 8%, respectively" the report said.
FDI inflows to Comesa capital markets upped by $20 billion in the period between 2018 and 2019; i.e. 6.3 percent, according to the report.
It added that revenues from FDIs allocated for Comesa markets went up by 25%, reaching $31 billion between 2018 and 2019.
Egypt had the lion's share of FDIs in the petroleum sector, attracting 52.4% of the total inflows netted for Comesa markets.
Founded in 1994, Comesa is a free trade area and its headquarters is in the Zambian capital Lusaka.
In addition to Zambia, Comesa comprises Egypt, Kenya, Sudan, Mauritius, Zimbabwe, Djibouti, Malawi, Madagascar, Rwanda, Burundi, Comoros, Libya, Uganda, Seychelles, Congo, Eritrea, Ethiopia, Swaziland, Somalia, and Tunisia.
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