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Browsing: FDI inflows
E-barriers are even more cumbersome than barriers to physical trade…
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.…