Tanzania 10th FDI Destination in Africa by Project Numbers
In 2015,
Tanzania increased its FDI project numbers by 25% to 20, ranking 10th place in
Africa. The findings are included in the latest Africa Investment Report 2016
of the Financial Times (FT).
The report examines Africa’s macroeconomic
trends, top investing companies in Africa by capital and sector breakdown of
FDI into Africa by project number. According to the report, the top 10 Africa
Foreign Direct Investment (FDI) destinations by project numbers in 2015 were:
South Africa with 118 projects, Kenya (85), Morocco (71), Egypt (59), Nigeria
(51), Ghana (40), Mozambique (29), Ethiopia (27), Côte d’Ivoire (26), and
Tanzania and Uganda with 20 projects each.
Adrienne Klasa, Editor of This is Africa,
comments: “While some larger economies are struggling – disproportionately
dragging down regional averages – smaller players such as Côte d’Ivoire,
Tanzania and Senegal are stable and growing at a steady clip.” The top 10
Africa FDI destinations by capital investment in 2015 were: Egypt with
USD14.5b, Nigeria (USD8.6b), Mozambique (USD5.1b), South Africa (USD4.7b),
Morocco (USD4.5b), Côte d’Ivoire (USD3.5b), Angola (USD2.7b), Kenya (USD2.4b),
Senegal (USD1.9b), and Cameroon (USD1.8b).
The report notes that Western Europe was by far the top source region for capital investment in Africa with USD30.1b invested in 2015.
Italy was the top investor by capital
investment in Africa in 2015, with projects valued at USD7.4b. Despite China
ranking 9th by capital investment and 7th by project numbers, it created 14,127
jobs across Africa in 2015.
In total,
495 companies invested in Africa in 2015, compared to 469 in 2014.
Africa
Business Activity “Business services, sales, marketing and support, and
manufacturing were the top three business activities for FDI projects into Africa
in 2015,
” the
report indicates. Financial services was the top sector by project numbers in
Africa for 2015 with 118 projects. Coal, oil and natural gas ranked top for
capital investment in 2015 with USD15.7b invested. Manufacturing has increased
across the region at an average of 5% per year between 2011 and 2015, in line
with the region’s drive to industrialize.
Africa Investment Report 2016 is based on
databases from Analyse Africa and fDi Intelligence, divisions of the Financial
Times.
To
download a digital copy of the report visit: www.thisisafricaonline.com For
further information contact: AfricaInvestmentReport@ft.com
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