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....


Recommended

by NEWSROOM AI
Read More
Donate a scientific calculator to needy students in vulnerable communities

Donate a scientific calculator to needy students in vulnerable communities

A group of university students in Cape Town volunteer time to help disadvantaged learners but need calculators to achieve this.

Dis-Chem Foundation provides container classroom to Ruth First Educare Centre

Dis-Chem Foundation provides container classroom to Ruth First Educare Centre

Cape Talk’s Random Acts of Kindness campaign and Dis-Chem Foundation boost this early childhood development centre in Philippi.

Business in Africa: Manufacturing

Business in Africa: Manufacturing

Refilwe Moloto looks at manufacturing in Africa and how it compares with the rest of the world.

East Africa e-passports plan delayed until next year

East Africa e-passports plan delayed until next year

The issuance of international passports for East African Community (EAC) has been re-scheduled to begin in early 2018.

‘South Africa remains Africa’s top investment destination’ - RMB

‘South Africa remains Africa’s top investment destination’ - RMB

"SA remains a bastion of institutional integrity and continues to boast one of the best operating environments in Africa..."

Ugandan star Leslie Kasumba wants to surprise many with her political knowledge

Ugandan star Leslie Kasumba wants to surprise many with her political knowledge

If you thought all she knows is music, then there is a surprise for you, as she brings an African voice to the #FridayStandIn.

Popular articles
Hermanus resident says that violent housing protests could've been avoided

Hermanus resident says that violent housing protests could've been avoided

It’s easy to blame a small bunch of thugs but I really don’t think that’s the case – Vanessa, Hermanus resident

Naked Scientist: How much water is too much for your body a day?

Naked Scientist: How much water is too much for your body a day?

Chris Smith explains why you need to replace what you are losing and how too much water can pose some health risks.

[LISTEN] Zille responds to Lindiwe Mazibuko comments that she undermined her

[LISTEN] Zille responds to Lindiwe Mazibuko comments that she undermined her

Helen Zille responds to alleged comments made by Lindiwe Mazibuko at a dinner, saying she's doing the same to Musi Maimane.

[WATCH] Melania Trump's reaction after shaking Putin's hand

[WATCH] Melania Trump's reaction after shaking Putin's hand

Waitress praised for standing up for herself after a man touched her butt on his way to the toilet and a dog comforts its owner.

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Tell me what you want: Study reveals most common sexual fantasies

Tell me what you want: Study reveals most common sexual fantasies

What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.