Trending
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
Browsing: FDI (foreign direct investment)
Rwanda’s economy displayed strong growth, with a 9.2 per cent expansion in the first quarter of 2023, following an 8.2 per cent growth in 2022. However, recent floods resulted in loss of life and infrastructure destruction, leading to a projected moderation of momentum to 5.8 per cent in 2023, slightly lower than the pre-disaster forecast of 6.2 per cent.…
- China’s ambition is to eclipse the United States as the leading economy in the world
- The Belt and Road Initiative is China’s idea to increase economic cooperation with countries along six economic corridors using resources which will be procured from Africa
- Africa is not among the 6 corridors of the Belt & Road Initiative espoused by China but is the biggest if not the sole supplier of the basic resources necessary for the initiative to succeed
- China has become a globally recognized military super power
- China has the largest reserves of United States dollars of any country in the world.
- Africa needs to become the 7th corridor of the Belt & Road Initiative
- Africa’s resources and China’s nearly insatiable appetite for them present a golden opportunity for African countries to grow their economies and emerge out of poverty
China’s President Xi Jinping’s ambition is to make his country a superpower …
Foreign Direct Investments (FDIs) in East Africa declined by 9 per cent to $7.8 billion in 2019, from $9 billion in 2018 shows the latest World Investment Report 2020 by the United Nations Conference on Trade and Development (Unctad).
This year there could be a sharp decline in FDIs as the COVID-19 pandemic continues to affect economies across the globe.
In 2019, Uganda’s foreign direct investments increased by 20 per cent to $1.3 billion due to the continued development of oil fields and an international pipeline. Also projects in agriculture, construction and manufacturing contributed to the increased in FDI.
Also Read: Angola set to attract more FDI into oil and gas sector
In Tanzania, FDI inflows didn’t change they remained at $1.1 billion. In Kenya, despite several new projects in information technology and healthcare FDI inflows dropped by 18 per cent to $1.3 billion compared with $1.6 billion in 2018.…