Mkikuyu- Akili timamu
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Speak with figures not your feelings,
On all those factors give figures
While total FDI in Kenya is $700mln after 60% drop, Tanzania is $3.3 bln after 7% drop
While total FDI in Kenya is $700mln after 60% drop, Tanzania is $3.3 bln after 7% drop
- Thread starter Geza Ulole
- Start date
On all those factors give figures
asvptx
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Refer to post no 95 above. You don't even know what you are talking about.
asvptx
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No nigga!! That's not my business. I have given you indices that determine the ease of doing business in a country. It's up to you to analyse them and make your own conclusions. If you want figures, in Kenya we have an online portal where you can get them. DIY
Mkikuyu- Akili timamu
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1)Kenyan firms that post 5x profits are banks. And we know why they do that(The every broke GoK is always borrowing)
2) Is it a crime to have minerals? can you fault Saudi arabia's prosperity because they have oil? Is service industry the only way for a country to prosper?
3)There are many countries with minerals and cant manage it properly and be wealthy, Tanzania was one of them, Fortunately JPM plugged that hole
kennedy0000
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EAC records drop in foreign direct investment
SUNDAY AUGUST 5 2018
Foreign direct investment (FDI) to East Africa declined by 25.3 per cent to $6.6 billion last year, down from $8.8 billion in 2016. PHOTO | FILE
In Summary
- Regional FDI inflows declined by 25.3 per cent to $6.6 billion last year, largely due to the failure by EAC member states to promote the region as a single investment destination.
- There has been a lack of transparency in investment promotion at the regional level due to differences in the implementation of tax exemptions.
- The low level has been blamed on the lack of effective markets due to low per capita income as well as structural and institutional challenges.
By JAMES ANYANZWA
More by this Author
East Africa’s foreign direct investments inflows declined by 25.3 per cent to $6.6 billion last year, down from $8.8 billion in 2016, largely due to the failure by EAC member states to promote the region as a single investment destination.
There has been a lack of transparency in investment promotion at the regional level due to differences in the implementation of tax exemptions and incentives among member countries.
According to the highlights of the EAC trade report (2017) seen by The EastAfrican, Kenya recorded the highest decline in FDI inflows — a drop by 60.6 per cent to $717.7 million, down from $1.8 billion.
It was followed by Uganda, whose FDI fell by 14.2 per cent to $1.3 billion from $1.5 billion. Tanzania recorded a seven per cent drop in FDI to $3.3 billion from $4.8 billion in the same period.
However, inflows to Burundi increased to $146 million from $65.1 million, while in Rwanda FDI grew to $1.2 billion from $600.1 million in the same period.
South Sudan has experienced negative FDI flows for the past three years.
Investment sources
Despite this decline in FDI, China, India and the UK continued to be the major sources of investment in the EAC, with inflows amounting to $781 million, $500.9 million and $438.9 million in 2017 respectively.
According to the report, overall investment inflows into the EAC were concentrated in the manufacturing, construction and energy sectors at $3.1 billion, $795.6 million and $3.5 billion in 2017 respectively.
According to the report, the number of jobs created as a result of FDI inflows went up by 73 per cent to 111,316 jobs in 2017 from 64,334 in 2016.
Inflows to Uganda contributing the highest number of jobs at 45,728, accounting for 41.1 per cent of the total jobs created that year.
Uganda was followed by Tanzania with 22,895 (20.1 per cent) of total jobs created through FDI, and Rwanda with 20,756 jobs.
Inflows into Kenya created 19,976 jobs, accounting for 18 per cent of total jobs created, while Burundi created 1,961 jobs.
The EAC Secretariat said although measures to attract FDI have been put in place, the level of inflows into the region remains low.
Challenges
The low level has been blamed on the lack of effective markets due to low per capita income as well as structural and institutional challenges that have made the EAC less attractive to investors.
EAC’s total intra-regional investments also decreased by 22.3 per cent to $ 197 million in 2017, down from $254.1 million in 2016.
Uganda was the largest recipient of intra-regional investments last year, at $71.3 million, followed by Rwanda at $66.6 million, Tanzania at $33.8 million and Kenya at $25.2 million.
Burundi did not register any investments from the other partner states.
Intra-regional projects
the number of projects in the EAC registered from the intra-regional investments dropped by 29.7 per cent to 64 in 2017, from 91 projects in 2016.
Uganda registered 42.2 per cent of all projects while Tanzania, Rwanda and Kenya had 39.1 per cent, 15.6 per cent and 3.1 per cent respectively of all projects arising from intra-EAC investments in 2017 respectively.
According to the report, EAC exports in 2017 declined by 9.3 per cent to $ 14.7 billion in 2017 from $16.2 billion in 2016 despite the growth in global import demand for goods from developing countries.
The bulk of EAC exports were destined to the EAC, EU and Comesa, amounting to $2.8 billion, $2.3 billion and $2 billion, respectively.
EAC imports grew by 19.5 per cent to $ 32.2 billion in 2017, from $26.9 billion in 2016, worsening the region's trade balance by $6.7 billion.
This was largely due to imports from the EU, which accounted for about 12.9 per cent of the region's imports.
The growth in imports was also attributed to the rise in global crude oil prices that could have increased the import bill for petroleum products.
EAC records drop in foreign direct investment
MY TAKE
LOL I told fools in here to not confuse a Chinese SGR loan with FDI! And this FDI figure for Tanzania does not factor in the 80% of $3.55bln for Hoima-Tanga pipeline as the project has not started. Be prepared for a shock of urgency lives since Bagamoyo port is about to be unveiled.
BTW Safaricom acquisition by Vodacom was just a shares' swap btn slavemasters as no single cent went to the economy of Kenya! And yet fools were making noises in here.
Only a bongolala would bring in Safaricom in a very unrelated matter.
Anyway, no one has ever disputed where Safaricom shares went. Actually I've told you countless times that it was a restructuring by Vodafone and not a 'sale'.
In any case, why would a single cent come to Kenya yet no Kenyan sold there shares?
Mkikuyu- Akili timamu
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I have not denied that registering a business is one of the factors.
What I have said is that its NOT the only one.
If you cant table an ease of doing business index where kenya trumps Tz, remain silent..Feelings peleka huko
kennedy0000
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The shares owned by Kenyans at Safaricom are still intact. Why do you have a thick head like that?
joto la jiwe
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Peace, less corruption, political stability, nor tribalism, nor nepotism and better infrastructure, are major factors, that's why DRC receives less FDIs than Tanzania despite of it's huge deposits of minerals.
Investors are fade up with your corruption and toxic politics
asvptx
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Kunja mkia kabisa!
I gave you a list of more than 10 indices with regards to ease of doing business. If you cannot comprehend and determine for yourself, then I doubt you even are Kenyan as you say. Being Kenyan in TZ should make it easier for you to compare both countries with regards to those indices. But you have no clue. You just want to argue. Nigga please
kennedy0000
JF-Expert Member
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EAC records drop in foreign direct investment
SUNDAY AUGUST 5 2018
Foreign direct investment (FDI) to East Africa declined by 25.3 per cent to $6.6 billion last year, down from $8.8 billion in 2016. PHOTO | FILE
In Summary
- Regional FDI inflows declined by 25.3 per cent to $6.6 billion last year, largely due to the failure by EAC member states to promote the region as a single investment destination.
- There has been a lack of transparency in investment promotion at the regional level due to differences in the implementation of tax exemptions.
- The low level has been blamed on the lack of effective markets due to low per capita income as well as structural and institutional challenges.
By JAMES ANYANZWA
More by this Author
East Africa’s foreign direct investments inflows declined by 25.3 per cent to $6.6 billion last year, down from $8.8 billion in 2016, largely due to the failure by EAC member states to promote the region as a single investment destination.
There has been a lack of transparency in investment promotion at the regional level due to differences in the implementation of tax exemptions and incentives among member countries.
According to the highlights of the EAC trade report (2017) seen by The EastAfrican, Kenya recorded the highest decline in FDI inflows — a drop by 60.6 per cent to $717.7 million, down from $1.8 billion.
It was followed by Uganda, whose FDI fell by 14.2 per cent to $1.3 billion from $1.5 billion. Tanzania recorded a seven per cent drop in FDI to $3.3 billion from $4.8 billion in the same period.
However, inflows to Burundi increased to $146 million from $65.1 million, while in Rwanda FDI grew to $1.2 billion from $600.1 million in the same period.
South Sudan has experienced negative FDI flows for the past three years.
Investment sources
Despite this decline in FDI, China, India and the UK continued to be the major sources of investment in the EAC, with inflows amounting to $781 million, $500.9 million and $438.9 million in 2017 respectively.
According to the report, overall investment inflows into the EAC were concentrated in the manufacturing, construction and energy sectors at $3.1 billion, $795.6 million and $3.5 billion in 2017 respectively.
According to the report, the number of jobs created as a result of FDI inflows went up by 73 per cent to 111,316 jobs in 2017 from 64,334 in 2016.
Inflows to Uganda contributing the highest number of jobs at 45,728, accounting for 41.1 per cent of the total jobs created that year.
Uganda was followed by Tanzania with 22,895 (20.1 per cent) of total jobs created through FDI, and Rwanda with 20,756 jobs.
Inflows into Kenya created 19,976 jobs, accounting for 18 per cent of total jobs created, while Burundi created 1,961 jobs.
The EAC Secretariat said although measures to attract FDI have been put in place, the level of inflows into the region remains low.
Challenges
The low level has been blamed on the lack of effective markets due to low per capita income as well as structural and institutional challenges that have made the EAC less attractive to investors.
EAC’s total intra-regional investments also decreased by 22.3 per cent to $ 197 million in 2017, down from $254.1 million in 2016.
Uganda was the largest recipient of intra-regional investments last year, at $71.3 million, followed by Rwanda at $66.6 million, Tanzania at $33.8 million and Kenya at $25.2 million.
Burundi did not register any investments from the other partner states.
Intra-regional projects
the number of projects in the EAC registered from the intra-regional investments dropped by 29.7 per cent to 64 in 2017, from 91 projects in 2016.
Uganda registered 42.2 per cent of all projects while Tanzania, Rwanda and Kenya had 39.1 per cent, 15.6 per cent and 3.1 per cent respectively of all projects arising from intra-EAC investments in 2017 respectively.
According to the report, EAC exports in 2017 declined by 9.3 per cent to $ 14.7 billion in 2017 from $16.2 billion in 2016 despite the growth in global import demand for goods from developing countries.
The bulk of EAC exports were destined to the EAC, EU and Comesa, amounting to $2.8 billion, $2.3 billion and $2 billion, respectively.
EAC imports grew by 19.5 per cent to $ 32.2 billion in 2017, from $26.9 billion in 2016, worsening the region's trade balance by $6.7 billion.
This was largely due to imports from the EU, which accounted for about 12.9 per cent of the region's imports.
The growth in imports was also attributed to the rise in global crude oil prices that could have increased the import bill for petroleum products.
EAC records drop in foreign direct investment
MY TAKE
LOL I told fools in here to not confuse a Chinese SGR loan with FDI! And this FDI figure for Tanzania does not factor in the 80% of $3.55bln for Hoima-Tanga pipeline as the project has not started. Be prepared for a shock of urgency lives since Bagamoyo port is about to be unveiled.
BTW Safaricom acquisition by Vodacom was just a shares' swap btn slavemasters as no single cent went to the economy of Kenya! And yet fools were making noises in here.
Hio FDI yote ya Tanzania imeleta tu 23,000 jobs. Ilhali FDI ya Kenya imeleta 20,000 jobs.
Considering those figures, jobs created zinafaa kuwa mara nne ya Kenya.
Lol..
The truth of the matter is that most of this FDI went into one or two expensive machines used in mining.
I wouldn't be surprised if a single mining operation took $2 billion in machinery, but only employed 50 people.
kennedy0000
JF-Expert Member
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You can't prove a negative. It's you to list those biscuit factories opened in the last year.
Otherwise, hii FDI yote ni mashine mbili za kuchimba migodi.
Mkikuyu- Akili timamu
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There is nothing that is contradictory here..Ease of doing business index is not just ease of registering a business. The index is a weighted avarege of all those factors and each factor has its own weight.
Table the weighted index here that shows kenya is above Tz or forever hold your peace
kennedy0000
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Correction: Kenyan businessmen are expanding to Tanzania.
Before Tanzanian businessmen think of expanding anywhere, Kenyans will have reached Botswana.
kennedy0000
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A medium sized factory in Nairobi industrial area makes more profit than most Tanzanian banks.
Why would anyone move their operation to a country where spending power is almost non-existent?
Don't mistake expansion with leaving.
Iconoclastes
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Hyundai, Volkswagen, Peugeot, BMW,Toyota, Acer, HP, Unilever, Welcome.....why dont u have such companies setting up factories in Tanzania?
Iconoclastes
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Hyundai, Volkswagen, Peugeot, BMW,Toyota, Acer, HP, Unilever, Welcome.....why dont u have such companies setting up factories in Tanzania?
kennedy0000
JF-Expert Member
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Kenyan citizen lol.. We know you're Geza's other handle.
Labour is not in shortage in Kenya. Especially skilled.
Kenyan banks are doing great business lending money to businessmen. So capital is not a problem.
Power is comparatively more reliable in Kenya than bongolala.
Land is easily available for lease. Buying may be expensive but you can always lease at an annual fee.
And above all, Kenyans spending power is greater than bongolala. So your products are not going to rot in the warehouse.
asvptx
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Follow this link, get some ice and apply on burnt area
Africa’s best, worst countries for doing business - CNBC Africa
Mkikuyu- Akili timamu
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1)Speak with data, stop fishing stuff from your behind.
2)You cannot compare profitability of a bank with a factory, the margins are different
3)If you want to compare Ke banks with Tz banks, Fungua uzi mpya uone vile nitakutoa kamasi
Mkikuyu- Akili timamu
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The list is disowned by WB. Next please?