The 10 biggest new foreign-backed projects announced in Africa in 2025

Foreign investors continued to place multibillion-dollar bets on Africa in 2025 despite a slowdown in global investment flows, with the continent attracting major new projects across chemicals, energy, manufacturing, mining and renewable power.

• Foreign investors continued to back Africa in 2025 despite a global investment slowdown, with a surge in new projects announced.
• The value of announced greenfield investment projects dropped by a third, but the number of projects increased, shifting toward smaller investments.
• The 10 largest projects accounted for about 40% of the total investment value, with the biggest being a $5 billion chemicals project in Ghana.
• Energy, chemicals, mining, and manufacturing dominated Africa's largest new projects, mostly concentrated in a few countries.

According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2026, the value of announced greenfield investment projects in Africa declined by nearly one-third in 2025 compared with the previous year.

However, the number of projects increased, signalling a shift away from a handful of mega-projects toward a broader range of smaller investments.

Even so, the 10 largest projects alone accounted for roughly 40% of the total value of all announced greenfield investments across the continent.

Here are Africa's biggest new foreign-backed investment projects announced in 2025.

10. CMOC Group – Democratic Republic of the Congo ($1.1 billion)

Chinese mining giant CMOC Group announced a $1.1 billion metals project in the Democratic Republic of the Congo, reinforcing the country's position as one of the world's leading destinations for critical mineral investment, particularly copper and cobalt.

9. Fujian Xiang Xin Group – Zambia ($1.1 billion)

China's Fujian Xiang Xin Group unveiled a $1.1 billion oil and gas project in Zambia, highlighting continued investor interest in strengthening the country's energy and industrial infrastructure.

8. Stellantis – Morocco ($1.5 billion)

Automotive manufacturer Stellantis, backed by the Netherlands, announced a $1.5 billion investment in Morocco's automotive manufacturing sector, further cementing the North African country's status as one of Africa's leading vehicle production hubs.

7. BP – Angola ($2.5 billion)

British energy major BP committed $2.5 billion to an oil and gas project in Angola, underlining the country's enduring appeal as one of Africa's largest hydrocarbon producers.

6. TotalEnergies – Angola ($2.5 billion)

French energy company TotalEnergies matched BP with another $2.5 billion investment in Angola's hydrocarbons sector, reflecting sustained global confidence in the country's offshore energy potential.

5. Golden Concord Holdings – Ethiopia ($2.5 billion)

Hong Kong-based Golden Concord Holdings announced a $2.5 billion oil and gas investment in Ethiopia, adding to the country's growing pipeline of industrial and energy projects.

4. Dangote Group – Ethiopia ($3 billion)

Nigeria's Dangote Group announced a $3 billion chemicals project in Ethiopia, making it the only African investor represented among the continent's 10 biggest announced greenfield investments in 2025.

3. Möhring Energie Group – Mauritania ($3.1 billion)

Germany's Möhring Energie Group committed $3.1 billion to a renewable energy project in Mauritania, highlighting the country's increasing importance in Africa's clean energy transition.

2. Alpha MBM Investments – Uganda ($4 billion)

The United Arab Emirates' Alpha MBM Investments announced a $4 billion oil and gas investment in Uganda, supporting the country's ambitions to become one of Africa's newest major crude oil exporters.

1. Al Jedad Holding – Ghana ($5 billion)

Qatari conglomerate Al Jedad Holding topped the list with a $5 billion chemicals investment in Ghana, making it the single largest announced greenfield project on the continent in 2025.

Africa's biggest investment bets remain concentrated

While the number of new investment announcements across Africa increased in 2025, UNCTAD noted that the continent's largest projects remain concentrated in a small number of countries and sectors.

Energy, chemicals, mining and industrial manufacturing dominated the biggest announcements, reflecting Africa's growing role in global energy security, industrial supply chains and the race for critical minerals needed for the energy transition.

Despite softer overall greenfield investment values, the report suggests that international investors continue to view Africa as a strategic destination for long-term industrial and infrastructure development, particularly in resource-rich economies and fast-growing manufacturing hubs.