New York, June 16 (People's Daily Online) USA overtook the UK as top investor in Africa in 2014, according to the 2015 Africa Attractiveness Survey by Ernst & Young, which was released at the Harvard Club on June 15. US saw a 29.5% of increase in investment in Africa, while China’s FDI in Africa surged 166%.

According to the survey, in 2014 Foreign Direct Investment (FDI) in Africa marked a 136% increase, with the capital inflows rocketing from $54.2 billion in 2013 to $127.9 billion in 2014.

China’s FDI in Africa increased 166% last year, making it the 7th largest investor in the continent. Announcing 32 new investment projects with $6.1 billion in total, China has created 11,015 jobs in the Africa market.

New FDI in 2014 generated 188,400 jobs on the continent- 68% more than 2013. Egypt and Morocco regained their status as popular destinations for investors, with FDI project numbers rised by 61% and 52% respectively. Meanwhile, Mozambique and Ethiopian became new favorite destinations for foreign investors.

The survey indicated that North Africa’s economic was undergoing revival from the political unrest of Arab Spring in 2011.

EY has published the annual Africa Attractiveness Survey since 2011.