Why medium size African enterprises are attracting foreign investment

The boom continues in East Africa, with Ethiopia, Kenya, Rwanda, Tanzania and Uganda still expected to grow by 5-8% in 2016- 2017, according to the International Monetary Fund.

These countries are leading in attracting foreign direct investment (FDIs) to Africa.

Ernst and Young's Africa attractiveness surveys have also over the years helped businesses make informed investment decisions.

Kieno Kammies spoke to Michael Lalor, the head of Ernst and Young's Africa Business Centre on the range of business in the East African region and why medium size enterprises are more attractive.

The category of foreign direct investment is longer term green field and significant brown field projects that must create jobs, so the creation of jobs is a key element in that.

Michael Lalor, the Head of Ernst and Young's Africa Business Centre

The larger multinationals have tended to be the bigger investors in and across Africa historically, but more and more we certainly see medium size enterprises investing into certain regions and certain countries within the continent.

Michael Lalor, the Head of Ernst and Young's Africa Business Centre

Click on the link below to listen to the full interview....

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