EY Africa’s Sandile Hlophe has told the BBC that foreign direct investment in Africa has changed due to the coronavirus pandemic, but not for the worse.
“There has been a spike in investment in certain sectors and industries because of the shift in how we work,” he says.
“Now, if you think about a lockdown environment, a lot of us have had to make payments remotely, so we’ve seen a marked increase in investment into fintech.
“The other big spike is healthcare. With the covid-19 pandemic, our healthcare providers – whether public or private – have had to adopt a lot of digital technology to engage and communicate.
“Investments into cloud capability, data analytics and the use of data has become more prevalent.”
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