WITH AN EAGLE'S EYE : Hello East Africans, some corrections please!

[MK254]

this i call diarrhea! From which source is that FDI statement derived? As far as i know in EA block u r the last on FDI let aside Africa of 55 countries! There are no data better than IMF and World Bank! Any politician can claim anything but those two institutions have means to calculate the state of economy of a country properly. You are stooping too low in desperation...

Are you high on Chang'a, Kiroba, and Ngongo all combined, nigger we dominate East Africa FDI and rank number three Africa wide after South Africa and Morocco. Provide your links and fact not to whoop here like a malnourished Serengeti lion

Kenya continues to dominate east Africa FDI - fDiIntelligence.com

Also check here to educate yourself further Kenya ranked among top FDI destinations in Africa - Business - www.theeastafrican.co.ke

 

[Geza Ulole]

Are you high on Chang'a, Kiroba, and Ngongo all combined, nigger we dominate East Africa FDI and rank number three Africa wide after South Africa and Morocco. Provide your links and fact not to whoop here like a malnourished Serengeti lion

Kenya continues to dominate east Africa FDI - fDiIntelligence.com

Also check here to educate yourself further Kenya ranked among top FDI destinations in Africa - Business - www.theeastafrican.co.ke

did u manage to read that? can u copy and paste in here?

Meanwhile for last 2012

BUSINESS
Uganda, Tanzania top EA in attracting foreign funds as Kenya loses grip

Tanzania and Uganda have widened their lead over Kenya in the race for foreign direct investments (FDI) in the East African region. FILE/TEA Graphic

IN SUMMARY

• Uganda topped the region in attracting FDI last year, followed closely by Tanzania, on the back of increased investments in the oil and gas sector.
• FDI to each of the two countries was seven times larger than what Kenya received in 2012, a lag analysts blamed on heightened political tensions and delays in removing cumbersome licensing procedures.
• Across the region, red tape, corruption and a restrictive labour market remain key drawbacks.

Tanzania and Uganda have widened their lead over Kenya in the race for foreign direct investments (FDI) in the East African region, as lengthy licensing procedures and sluggish commercial dispute settlement turn multinationals away from Nairobi.
New data released by the United Nations Conference on Trade and Development (Unctad) shows Uganda topped the region in attracting FDI last year, followed closely by Tanzania, on the back of increased investments in the oil and gas sector.
FDI to each of the two countries was seven times larger than what Kenya received in 2012, a lag analysts blamed on heightened political tensions and delays in removing cumbersome licensing procedures.
In Uganda, most funds went into the oil, gas and mining sectors.
"Recent natural resource discoveries contributed to the increase in FDI inflows to East Africa. This includes investments in gas reserves in Tanzania and oil fields in Uganda," said Unctad in the World Investment Report 2013.
Uganda's inflows
Uganda's FDI jumped by 92.51 per cent to $1.721 billion from $894 million in 2011, while Tanzania attracted $1.706 billion in 2012, a 38.81 per cent increase from the previous year's $1.229 billion.
Meanwhile, Kenya's FDIs dropped by 27.04 per cent to $259 million from $355 million.
Rwanda's rose by 50.94 per cent to $160 million last year from $106 million, while Burundi, which lagged the five East African countries, attracted $1 million, a 66.67 per cent decrease from $3 million in 2011.
Thus, the EAC countries received a combined $3.9 billion in FDIs last year, a 48.71 per cent rise from the $2.6 billion registered in 2011.
Unctad said interest in the EAC economies among foreign investors is expected to gain fresh impetus in the remaining part of the year, helped by rising confidence in the economy.
In Kenya, a peaceful transition after the March 4 elections is expected to trigger more inflows in the second half of the year. But while it lost its grip on FDI inflows, Kenya remained the main investor to other EAC countries, especially in the service sector.
ALSO READ: Kenya attracts most new foreign projects, but political risk rises
"Among African investors, KCB was the largest in least developed countries. It announced a total of $300 million in investments over 2005 - 2012, with 31 projects in five African countries," said Unctad. Kenya's vibrant private sector, advanced infrastructure and skills base have been its main selling points.
READ: Kenya's private sector best in EA
It is also the only country in the region that made investments in the other four countries in the region, for the second year in a row. Its investments in the rest of East Africa rose by 77.78 per cent to $16 million in 2012 from $9 million in 2011, mainly in the financial sector.
Diamond Trust Bank, Commercial Bank of Africa, Bank of Africa, African Banking Corporation, Fina, Equity, I&M, NIC, Co-operative Bank, CfC Stanbic and Imperial Bank have also invested heavily in Uganda, Tanzania, Rwanda, Burundi and South Sudan.
Last year, Kenya Airways and four lenders raised a combined Ksh25.6 billion ($301.1 million) through five rights issues, funds which were expected to be deployed into various investments in the region from this year.
Greenfield projects in LDCs from Kenya more than doubled and the value of investments rose to $700 million in 2012 from $200 million in 2011, led by two projects in air transport valued at $168 million each in Uganda and Tanzania.
Across the region, red tape, corruption and a restrictive labour market remain key drawbacks. FDIs are coming at a time when the region is struggling to strike a balance between making oil, gas and other mining laws that are investor friendly and at the same time beneficial to the countries as well as their residents.
The East African region has become a hot spot for the exploration of oil and gas particularly after Tullow Oil discovered oil in Uganda seven years ago, and in Kenya last year, with other multinational prospecting firms such as BG Group, Statoil and Ophir Energy announcing huge deposits of natural gas off Tanzania's coast.
International firms such African Barrick Gold (ABG), Pacific Wildcat Resources Corporation and Base Titanium are also prospecting for minerals including gold, niobium and titanium in the region.
Already, some oil, gas and mining firms have announced plans to increase investments in the region.
"ABG is expecting capital expenditures of approximately $440 million in Tanzania this year, encompassing both sustaining capital as well as expansion projects aimed at bringing on-stream additional capacity," said ABG.
ABG also expects to spend approximately $20 million on exploration, split between Tanzania and Kenya, while oil and gas exploration firm BG has budgeted $1.6 billion for exploration this year in at least eight countries which include the two East African countries.
READ: ABG mining to invest $445m in Tanzania
Cortec Mining Kenya Ltd, which is owned by the Toronto Stock Exchange-listed Pacific Wildcat in May this year announced that it would invest Ksh12.8 billion ($150.5 million) in a niobium and rare earth processing facility at Mrima Hill in Kwale County on Kenya's Coast.
READ: Cortec invests $90m to mine niobium in Kenya
"FDI often follows natural resources due to the expected high returns. In the past one or two years, we have seen strong interest in Kenya," said Moses Ikiara, managing director of Kenya Investment Authority (KenInvest).
In February last year, Tullow Oil signed two production sharing agreements with the government of Uganda. However, details of these contracts have remained confidential, raising fears that the benefits may not trickle down to the masses.
Kenya is currently revising its laws, with one of the major points of contention being whether extracting companies should be required to cede 35 per cent of their stake to locals. Cabinet Secretary for Mining Najib Balala, has said that the rule will be repealed to restore investor confidence in the sector.
READ: Kenya eyes more revenues from oil, gas explorers under proposed rules
Dr Ikiara said there was no exact science for finding the best resource-sharing formula.
"We need to look at best practices and keep monitoring what is working," said Dr Ikiara, who added that changes in laws that reduced the local shareholding thresholds in the telecommunications sector should serve as an example.
As per the Unctad report, other extractive sectors such as cement manufacturing also benefited from the increasing FDIs in the region, with the $69.4 million acquisition of Rwanda's cement manufacturer Cimerwa by South Africa's Pretoria Portland Cement being ranked the second largest FDI M&A deal for which data on the transaction value exists.
READ: South African giant PPC breathes life into Cimerwa
Unctad said that in addition to extractive and heavy industries, Indian companies remained prominent in pharmaceuticals with projects valued at $5 million each, being announced in Uganda and Tanzania.
Health sector
Madras Institute of Orthopaedics and Traumatology from India announced a $40 million construction project in Rwanda, while Apollo Hospitals Group also from the same country, announced a $49 million construction project in Uganda, indicating that the health care sector continued being attractive.
FDI inflows were not just restricted to extractive industries as Aldwych International, from the UK, also disclosed that it had put $321 million into Tanzania's alternative energy sector, creating an estimated 88 jobs in a 100MW wind farm project.
FDI inflows to Africa grew to $50 billion in 2012, a rise of 5 per cent over the previous year.
Globally, however, investments by foreigners fell by 18 per cent to $1.35 trillion with forecasts showing that this year's figures could remain close to last year's levels, with an upper range of $1.45 trillion, and then grow to $1.6 trillion next year and to $1.8 trillion in 2015.
Uganda, Tanzania top EA in attracting foreign funds as Kenya loses grip - Business - www.theeastafrican.co.ke



Also from Deloitte EA

Uganda and Tanzania Attract Highest FDI in EA

6 JANUARY 2014

Buoyed by vast energy resources, Uganda and Tanzania attracted the most foreign direct investment in 2012 in the East African region, according to the State of East Africa 2013 report.
"East Africa attracted foreign direct investment (FDI) inflows of $3.9b in 2012, a $1.8b increase from $2.6b in 2011. With a combined total inflow of $3.4 billion, the two main energy rich countries of Uganda and Tanzania received 90% of the investment inflows into the region," the report said.
Rwanda recorded an increase of $54 million in FDI, while Kenya's shrank by $76 million during the period and Burundi continued to receive modest investment inflows.
Though the report says that the focus on the extractives sector has the possibility of overshadowing other investments into East Africa, investments in healthcare, financial services and the production of cement were recorded in 2012.
The health sector seems to be attracting Indian investment in medical facilities such as the recently announced $40 million project in Rwanda by the Madras Institute of Orthopedics and Traumatology, according to the report.
The $69 million acquisition of Cimerwa (Rwanda) by Pretoria Portland Cement (South Africa) was the second largest merger and acquisition made in a developing country in 2012.
Earlier this month, Deloitte released its African Construction Trends Report 2013 that shared similar insights. It said that the recent discoveries of oil and gas in East Africa are attracting foreign investments that are boosting infrastructural developments in the East African region.

http://www.dailynews.co.tz/index.php/biz/26658-uganda-and-tanzania-attract-highest-fdi-in-ea

 

[MK254]

Hey not too fast, tell media to get facts from credible sources before yelping

Kenya continues to be the destination of choice for investment into east Africa.

Kenya has consistently attracted the greatest number of projects in east Africa since 2009, according to data from greenfield investment monitor fDi Markets. And Kenya's share of projects in east Africa has consistently increased from 17% in 2009 to a five-year high of 29% in 2013.
Kenya's share of investment capital entering east Africa has seen a corresponding rise, increasing from $1.9bn in 2009 to $3.7bn in 2013. Capital Nairobi has been the most popular city in east Africa in this period, benefiting from more than 8900 jobs created and $3.85bn worth of greenfield investment.
Kenya's communications sector drew the most FDI between 2009 and 2013, accounting for 17% of all tracked projects, closely followed by the financial services sector, which accounted for 14%. The food and tobacco sector, while only accounting for 5% of tracked projects, has recorded growth of 250%, the strongest of all recorded sectors.
Over the five-year period, the UK has been the greatest source of investment into Kenya, representing 15% of tracked FDI. The UK has doubled its share of FDI into Kenya from 11% in 2009 to 23% in 2013. The financial services sector accounted for 25% of this FDI, with six separate companies undertaking investments.

Kenya continues to dominate east Africa FDI - fDiIntelligence.com

 

[Geza Ulole]

Hey not too fast, tell media to get facts from credible sources before yelping

Kenya continues to be the destination of choice for investment into east Africa.

Kenya has consistently attracted the greatest number of projects in east Africa since 2009, according to data from greenfield investment monitor fDi Markets. And Kenya's share of projects in east Africa has consistently increased from 17% in 2009 to a five-year high of 29% in 2013.
Kenya's share of investment capital entering east Africa has seen a corresponding rise, increasing from $1.9bn in 2009 to $3.7bn in 2013. Capital Nairobi has been the most popular city in east Africa in this period, benefiting from more than 8900 jobs created and $3.85bn worth of greenfield investment.
Kenya's communications sector drew the most FDI between 2009 and 2013, accounting for 17% of all tracked projects, closely followed by the financial services sector, which accounted for 14%. The food and tobacco sector, while only accounting for 5% of tracked projects, has recorded growth of 250%, the strongest of all recorded sectors.
Over the five-year period, the UK has been the greatest source of investment into Kenya, representing 15% of tracked FDI. The UK has doubled its share of FDI into Kenya from 11% in 2009 to 23% in 2013. The financial services sector accounted for 25% of this FDI, with six separate companies undertaking investments.

Kenya continues to dominate east Africa FDI - fDiIntelligence.com

then why is that amount not translating to a bigger GDP growth? If ur GDP is US$ 40 billion then that amount should equal over 5% growth from simple mathematics? And do u think FDi Intelligence are more credible than the likes of Deloitte and WB and IMF? Moreover if the share of Kenya projects within EA is only 29% for 2013, who get the lion share of the rest i.e. 71%? If not Uganda and Tanzania? BTW those figures given are over a number of years 3-4 years You are just demonstrating how dumb you are since your knowledge of English and economics is completely wanting...

 

[kadoda11]

kazi kweli kweli.geza endalea kuwapa shule wakenya.ONE.

 

[DAR si LAMU]

so what your pint

...read the post carefully, and you'll get my point.

tz my friend iz country to make there own decisions.period.ship out if dont want EA.TZ IS THE ONE EVERYDAY CRYING WOLF TUMEFANYIWA.BULSHIT.WHY CANT UA LEADERS PULL OUT IF MNAFANYIWA.YOU RANT AND DO NOTHING ABT IT.YOUR PRES. SAID YOU ARE NOT PULLING OUT,THEN FIGHT IN THERE LIKE ANYBODY ELSE,NOT CRYING FOR SPILLED MILK

...kijana, ukiwa unaongea na mwanaume, take a pause, know what the man stands for, and then make your point.

...inaonekana, unapenda kutukana hovyo hovyo, acha ujinga, grow up!

 

[MK254]

then why is that amount not translating to a bigger GDP growth? If ur GDP is US$ 40 billion then that amount should equal over 5% growth from simple mathematics? And do u think FDi Intelligence are more credible than the likes of Deloitte and WB and IMF? Moreover if the share of Kenya projects within EA is only 29% for 2013, who get the lion share of the rest i.e. 71%? If not Uganda and Tanzania? BTW those figures given are over a number of years 3-4 years You are just demonstrating how dumb you are since your knowledge of English and economics is completely wanting...

FDI intelligence is owned by Financial Times, so their credibility can be believed.

 

[Geza Ulole]

FDI intelligence is owned by Financial Times, so their credibility can be believed.

That's a news paper that can not be better than WB or IMF! with country offices across all the continents! Which methodology did they use? And why your GDP growth does not translate to that FDI unlike the rest of the countries in the region? You need to be smart my friend to understand how unrealistic are those figures! Kenya got not more than US$ 100 million in 2012 your Central Bank acknowledge that according to the their revised GDP growth figures

 

[waltham]

...read the post carefully, and you'll get my point.

...kijana, ukiwa unaongea na mwanaume, take a pause, know what the man stands for, and then make your point.

...inaonekana, unapenda kutukana hovyo hovyo, acha ujinga, grow up!

i like that,it seems you can grow some kucha to fight and forget your old tired lines,tz tumefanyiwa,tukachokozwa,tumezalilishwa,tume........blah.......blah....get a life rafiki

 

[Geza Ulole]

You can't use a different source for Kenya (the world bank - a western institution that associates Africa with poverty) and a different source for Tz (Tanzaniainvest - a Tanzanian optimistic website created by Tanzanians in an attempt to create a better image of Tanzania out there). Furthermore, you can't compare the poverty of two countries using the NATIONAL POVERTY LINE, we use the THE WORLD POVERTY LINE buddy are you illiterate? Different countries set different levels of poverty line and a poor person in one country might not be considered poor in another with the same wealth. Stop trying too hard Geza, your hate won't make Kenya any poorer.

No wonder you always sound lame! Did you take time to click the highlighted headings? everything is there to back the numbers from World Bank. You should be disputing the sources of Kenya's hunger using your conutry media houses..:israel:

 

[Tutafika]

which companies from Kenya (Kenyan owned) are responsible for that FDI that Tanzania does not recognize except Kenya itself! Can you list them to me and how much they invested? Poor Kenya as i know can not be a second investor to Tanzania if EABL and Unilever mean Kenyan companies then there is no need to explain to you that those are Kenyan owned companies!

Kenyans in this forum turns blind eye, don't want to see the reality. I can see them going to personal attack rather than facts.

Always boasting, ..super power, economic giant, economic leader, strongest economy, power house.... a failed state, 50% starving!!! poor them!

 

[1954]

Big up, MATINYI. Well written piece.

 

[Wacha1]

That's a news paper that can not be better than WB or IMF! with country offices across all the continents! Which methodology did they use? And why your GDP growth does not translate to that FDI unlike the rest of the countries in the region? You need to be smart my friend to understand how unrealistic are those figures! Kenya got not more than US$ 100 million in 2012 your Central Bank acknowledge that according to the their revised GDP growth figures

Tatizo kubwa la Kenyans ni kujiona wao zaidi kuliko mwingine. UK wanawapenda kwa sababu ya kuwatumia kuweza kupata mradi wao. Wao tangu mwanzo walipopata uhuru bado hawajaligundua hilo, nawaonea huruma sana hawa jirani zetu, nakumbuka wakati Mwalimu alipoamua kufunga mpaka na kufungia funguo kwenye kabati. Ni swala la muda tu, hawa mafisi tulionao wakiondoka na kupata viongozi wanaojali walipa kodi wa nchi yetu tutafika mbali. Watanzania ambao wana kasumba ya kujilinganisha na Kenya nawaomba watembee kidogo kwenye nchi zilizoendelea na waache ukuwadi wa kufikiri kipimo chetu ni Kenya.

 

[MK254]

Tatizo kubwa la Kenyans ni kujiona wao zaidi kuliko mwingine. UK wanawapenda kwa sababu ya kuwatumia kuweza kupata mradi wao. Wao tangu mwanzo walipopata uhuru bado hawajaligundua hilo, nawaonea huruma sana hawa jirani zetu, nakumbuka wakati Mwalimu alipoamua kufunga mpaka na kufungia funguo kwenye kabati. Ni swala la muda tu, hawa mafisi tulionao wakiondoka na kupata viongozi wanaojali walipa kodi wa nchi yetu tutafika mbali. Watanzania ambao wana kasumba ya kujilinganisha na Kenya nawaomba watembee kidogo kwenye nchi zilizoendelea na waache ukuwadi wa kufikiri kipimo chetu ni Kenya.

Duh asante sana maana wewe ndiye Mtanzania hapa JF wa kwanza kwangu kuona hatumii Kenya kama yard-stick ya maendeleo. Nina uhakika ile siku mtaacha ku-focus sana kwa kujipima na Wakenya na muanze harakati zenyu wenyewe basi hapo hata mutaweza kutupita kwa kasi, ila bado naona kuna kazi haswa kwa mambo kama haya yanayogonga vichwa vya habari kimataifa hebu ona hapa https://www.jamiiforums.com/jukwaa-...ia-kibao-jk-ccm-and-serikali-ya-tanzania.html

 

[Wacha1]

Duh asante sana maana wewe ndiye Mtanzania hapa JF wa kwanza kwangu kuona hatumii Kenya kama yard-stick ya maendeleo. Nina uhakika ile siku mtaacha ku-focus sana kwa kujipima na Wakenya na muanze harakati zenyu wenyewe basi hapo hata mutaweza kutupita kwa kasi, ila bado naona kuna kazi haswa kwa mambo kama haya yanayogonga vichwa vya habari kimataifa hebu ona hapa https://www.jamiiforums.com/jukwaa-...ia-kibao-jk-ccm-and-serikali-ya-tanzania.html

Mkuu media machine za UK na USA bado zipo chini ya himaya ile ile tangu wakati SA, Mozambique, Zimbabwe, Namibia na Angola hawajapata uhuru na shutuma zao ni kwa nini Tanzania iliwasaidia. Ukiangalia magazeti yote ya hizi nchi huwa hawaandiki habari nzuri kwa zile nchi wanazoendelea kuziita ma-communists etc. Hata kwenye dairies nyingi huwa Tanzania haionekani kama ni nchi imeondolewa sio kwa makosa bali kwa makusudi. Ukiangalia agenda yao utagundua ni kwa nini wanafanya hivyo.

Tanzania kwa sasa tupo kwenye matatizo makubwa ambayo rais mstaafu Mwinyi alituletea na yameendelea kufanya system kupoteza mwelekeo wake wa kufanya kazi kama serikali iliyo makini. Madawa ya kulevya, uwindaji haramu nk. Mwinyi aliuza Loliondo kwa waarabu, JK hawezi kufanya lolote kwa sababu Mwinyi ndio alimuweka pale ... ..... ..(alipewa uwaziri na Mwinyi) Hivi sasa wako kwenye mbinu za kumweka mtoto wa Mwinyi kuwa rais lakini kuna Watanzania makini ambao watahakikisha 2015 hatupati dhoofu mwingine.

Hata ile kampeni ya kutokujenga Serengeti road ni kwa sababu ya kuzuia watalii kufika mbugani kwenye barabara nzuri. Kama kweli mataifa makubwa wasingependa kuona barabara ya lami inajengwa wangetoa ufadhili wa kujenga underground train lakini kama unavyofahamu utalii ni biashara kubwa ambayo inamilikiwa na matajiri wa ulaya hususan UK. Uchina wanakuja juu sasa na western countries wanagwaya next generation ya nchi zinazoweza kupaa kiuchumi ni pamoja na Congo, Tanzania etc kutokana na rasilimali ambazo bado ni mbichi. Time will tell.