MK254
JF-Expert Member
- May 11, 2013
- 32,408
- 50,809
Kenya - $1.6 billion
Uganda - $1.3 billion
Tanzania - $1.1 billion
East Africa remains a top destination for foreign direct investment, with new data for 2018 showing that the region attracted inflows of $4 billion.
The latest World Investment Report 2019 by the United Nations Conference on Trade and Development shows that despite flat growth in FDI in the larger East Africa, which remained largely unchanged at $9 billion due to contractions in Ethiopia, the East African Community partner states recorded impressive growth.
In Uganda, inflows reached a historic high, increasing by 67 per cent to $1.3 billion, while Kenya posted a 27 per cent growth to $1.6 billion.
In Tanzania, inflows grew by 18 per cent to $1.1 billion.
During the year, investment flows were channelled to diverse industries, with manufacturing, chemicals, hospitality and oil and gas being the main attraction for foreign investors.
Inflows to Ethiopia contracted by 18 per cent to $3.3 billion, although the country remains the biggest FDI recipient in the region, with investments in petroleum refining, mineral extraction, real estate, manufacturing and renewable energy.
www.theeastafrican.co.ke
Uganda - $1.3 billion
Tanzania - $1.1 billion
East Africa remains a top destination for foreign direct investment, with new data for 2018 showing that the region attracted inflows of $4 billion.
The latest World Investment Report 2019 by the United Nations Conference on Trade and Development shows that despite flat growth in FDI in the larger East Africa, which remained largely unchanged at $9 billion due to contractions in Ethiopia, the East African Community partner states recorded impressive growth.
In Uganda, inflows reached a historic high, increasing by 67 per cent to $1.3 billion, while Kenya posted a 27 per cent growth to $1.6 billion.
In Tanzania, inflows grew by 18 per cent to $1.1 billion.
During the year, investment flows were channelled to diverse industries, with manufacturing, chemicals, hospitality and oil and gas being the main attraction for foreign investors.
Inflows to Ethiopia contracted by 18 per cent to $3.3 billion, although the country remains the biggest FDI recipient in the region, with investments in petroleum refining, mineral extraction, real estate, manufacturing and renewable energy.
East Africa stays at the top, with foreign inflows at $4bn, report shows
Manufacturing, chemicals, oil and gas and hospitality were the main attractions.
www.theeastafrican.co.ke
