Tag Archives: foreign direct investment
foreign direct investment: Latest News
Peter Pedroncelli, 6:38 pm AFKI Original
Africa remains a continent with great investment potential, and African economies continue to make efforts to attract investors from around the globe. With a population of over one billion people and rapidly growing middle class, Africa offers significant opportunities to invest in the continent’s non-commodities sectors such as financial services, construction, and manufacturing, amongst others. Here are the 12 most attractive African economies to invest in for 2017.
Peter Pedroncelli, 4:18 am
In an effort to attract foreign direct investment back to the country, Egypt has passed a law that is designed to cut red tape and make conducting business in the country far easier. Along with reducing bureaucracy for new business ventures in the country, incentives have been created in order to attract businesses to return to the North African nation. Egypt’s economy has been struggling in the last six years since the 2011 uprising that saw Hosni Mubarak overthrown as Egyptian president.
Dana Sanchez, 4:47 pm
Siemens, the largest engineering firm in Europe, says it is well positioned to be South Africa’s gas-to-power partner. It has skin in the game. Government-owned utility Eskom’s two major open-cycle gas turbine plants were built by Siemens. Having the original equipment manufacturer as a partner offers advantages, Siemens said. “South Africa is ready for foreign direct investment,” said a Siemens executive. Bidding deadline is February.
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.
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, 12:20 am
A decade ago, Mugabe told a packed rally at the Chinese-built national sports stadium in Harare, “We have turned east, where the sun rises, and given our back to the west, where the sun sets.” This century may well be Asia’s, but the sun is not setting in the west as quickly as Mugabe predicted. Today, it is far from being a zero-sum choice between the East or West. Diversification of partnerships is the favored strategy of many African governments.
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.
Staff, 10:49 am
Foreign investments in Africa hit a record $80 billion in 2014, with emerging market countries continuing to show a strong interest in African assets. While the majority of investments flow to six African nations that represent a third of the continent’s population, over time the additional 48 countries may also see additional investments. The International Monetary Fund predicts the sub-Saharan growth will be 5.8 percent this year.
Kevin Mwanza, 9:40 am
Mauritius boasts one of Africa’s largest offshore financial services centers. According to the Financial Times, the country, which accounted for 40 percent of all foreign direct investment flows into India between 2003-2013 thanks to a favorable tax deal with New Delhi, has at least 21 tax deals with African countries. It also has investor protection agreements with six African nations.
Dana Sanchez, 2:25 pm
For many people outside Africa, the mention of Africa evokes wrong images of war, disease and mounting social problems, according to Zimbabwe’s tourism minister Mzembi — chairman of the World Tourism Organisation Commission.
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