| In the last two decades, foreign direct investment has become a major source of investment capital in developing countries. This study evaluates the determinants of foreign direct investment in Africa using fixed effects feasible generalized least squares model for 45 countries covering the period 1990-2003.;The study finds gross domestic product, literacy rate, exchange rate and population size to have positive relationship with foreign direct investment. But, inflation rate and remoteness have negative relationship with foreign direct investment. Finally, central, eastern and western regions have lower foreign direct investment than southern region. |
