How Can African Governments Attract Foreign Direct Investment (FDI) While Ensuring Technology Transfer, Not Just Profit Extraction? Foreign Direct Investment (FDI) has long been seen as a driver of economic growth, job creation, and industrialization. African countries, with their abundant resources, youthful population, and expanding markets, are attractive destinations for global investors. Yet the record of FDI in Africa is mixed. Too often, foreign firms extract profits without leaving behind meaningful technological know-how, industrial capacity, or sustainable development. Mining enclaves, oil fields, and offshore assembly plants are glaring examples where Africa gains revenue but little in terms of skills or industrial depth. For Africa to industrialize and become competitive in the global economy, attracting FDI is not enough. Governments must ensure that foreign investment translates into technology transfer , local skills development , and value chain integration . The ...