Kenya faulted for FDI drop

Terrorism has exacted a heavy toll on tourism in Kenya with losses of up to Ksh40 billion this year, stakeholders in the sector said on Tuesday. There has been a drastic drop in arrivals, with hotels reporting as low as 20 per cent occupancy.

The division among experts on the reason for dwindling Foreign Direct Investments (FDIs) in the mining sector and its impact on the export industry is disturbing. It is not surprising, though. It is clear testimony that experts think and act in line with their beliefs, traditions and values.

Tanzania has secured a $100 million (about Sh220 billion on the prevailing exchange rate) worth of Foreign Direct Investments (FDI) from an American investor, the government’s investment agency announced yesterday.

 Foreign direct investment (FDI) in sub-Saharan Africa is on the rise, with the continent’s share of global FDI projects at its highest level in a decade, and sharply improved perceptions making it the second-most attractive investment destination in the world, according to Ernst & Young’s 2014 Africa Attractiveness Survey.

China’s outbound investment more than doubled in August to $12.62 billion, data showed Tuesday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low.

Over the years, we’ve regularly been informed by various institutional sources in govt and the private sector that the investment climate in a given country is ‘favourable’ – and, as such, perforce pulls in prospective investors the way flies are attracted to a honey pot!

The competitions of developing countries’ governments to attract foreign direct investment (FDI) through provision of excessive incentives and failing to properly regulate the activities of private investments is making their people remain in poverty, Oxfam International chief said.

Foreign investment into China accelerated in November, government data showed Tuesday, despite a worsening slowdown in the world’s second-largest economy and concerns over business risks.

As competition increases among government stakeholders vying for investment into power sector projects across Africa, the most competitive countries will gather in Istanbul to promote stability and bankability. The need for countries to compete was highlighted at the World Economic Forum in Nigeria earlier this month, when questions were asked about the ability of some countries to attract foreign private sector investment.

In terms of investment generation for Africa, the power sector has...