Tag Archives: FDI
FDI: Latest News
Tom Jackson, 11:20 am AFKI Original
President Paul Biya promised to increase technology jobs by investing in infrastructure, but Cameroon had been slow in its digital transformation. Stakeholders believe investors will be reluctant to back local companies there as a result of the internet shutdown. The government shutdown is expected to damage the many startups that were getting themselves investment ready in the country. By restricting internet access, “the government is sending the wrong messages to investors … they are undermining the future of its people.”
Staff, 1:01 am
Overall, capital importation into Nigeria fell 47 percent in 2016. Foreign direct investment flows were way up but portfolio investments were way down, deterred by the recession and the currency. Nigeria in 2016 imported the bulk of its capital from Britain, the U.S. and Netherlands, with the telecoms, banking and oil sectors the main beneficiaries. Nigeria’s stock market fell 6.2 percent in 2016 while the naira lost a third of its official value against the dollar. In 2017, stocks continue to fall, down 3.1 percent so far.
Renewables Make Up 30% Of All South African Foreign Direct Investment. Why Is Nuclear Still On The Table?By Dana Sanchez, 10:11 am
There is widespread public opposition to South Africa’s nuclear expansion process. Distrust is rooted in a 2014 announcement that the Russian nuclear agency Rosatom had secured rights to build new South African nuclear plants. Renewable tech has improved a lot since SA first proposed 9600MW of new nuclear energy in its 2010-2030 plan for electricity. By mid-2016, renewables were providing around 16% of SA’s energy during peak times, and growing.
Dana Sanchez, 12:52 pm
The top three investor economies to Africa in 2015 were the U.S., ($66 billion), the U.K. ($64 billion), and France ($52 billion), according to a new U.N. report. China’s investment in Africa more than tripled to $32 billion in 2015, making it the fourth-largest investor on the continent. South Africa was the fifth largest investor in Africa at $26 billion. Investment into Africa overall was down 7 percent and South Africa was one of the biggest losers.
Kevin Mwanza, 6:04 am
Foreign direct investments (FDI) to Africa dropped last year, reflecting the plummeting prices of the region’s principal commodities exports, according to a new report by the United Nations Conference on Trade and Development.The report showed that while FDI inflows to other regions was on the rise, that of Africa fell by 31 percent in 2015 to an estimated $38 billion, due largely due to a decline of FDI in Sub-Saharan Africa.
Kevin Mwanza, 10:00 am
Africa received about $87 billion in FDI last year, with Western Europe accounting for more than half of this amount with an estimated $47.6 billion injection. North America was the second largest source of direct investments to the continent at $13 billion. China was the fourth largest source of FDI, behind France, Greece and the US.
Dana Sanchez, 11:49 am AFKI Original
Despite the global financial crisis and no longer being Africa’s No. 1 economy, South Africa is still the top destination in Africa for foreign direct investment. It also ranks high globally, rising two places to become the 13th most attractive FDI destination in the world. India is the only BRICS member and only developing country in the top five sources of FDI to South Africa. Check out this list of top 10 sources and destinations for South African FDI.
Staff, 12:17 am
Africa is now the fastest growing region for foreign direct investment (FDI) in the world. From 1990 to 2013, FDI inflows in Africa increased 19-fold from $3 billion to $57 billion. This trend, and FDI in general, is typically seen as a good thing for low-income countries. And especially in Africa, where most countries have small stocks of savings, attracting FDI in order to grow the economy and create jobs can be crucial.
Kevin Mwanza, 1:01 am
No country embodied the Arab spring better than Egypt. Protest after protest, weeks long sit in at the Tahir Square and bloody clashes with the army were scenes far too common during the 2011 uprising. Continued power play over the coming months had its cost and real estate investor avoided the north African country like a plague.
Dana Sanchez, 12:16 pm
In the trade-not-aid environment, developed countries like the U.S. often question the ability of African countries to spend aid efficiently. How well are African countries doing when it comes to collecting taxes? It all depends on the data. Economists use tax-to-GDP ratios to measure how much a country’s tax revenue stimulates its economy. The higher the ratio, the more a country is increasing growth and decreasing aid dependence. These are 10 African countries with the highest tax-to-GDP ratios.
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