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 THE NEWSROOM
Read More
Peter Hain says law firm Hogan Lovells should be suspended for aiding corruption

Peter Hain says law firm Hogan Lovells should be suspended for aiding corruption

Lord Peter Hain accuses Hogan Lovells of aiding state capture in South African and referred it to Solicitors Regulation Authority.

Bergvliet High School implements water saving measures

Bergvliet High School implements water saving measures

The school has started implementing its short-terms goals, tabled with the help of parents, staff and learners.

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
Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Government moves to seize R1.6 billion in Gupta assets

Government moves to seize R1.6 billion in Gupta assets

The Asset Forfeiture Unit is gunning for the Guptas, says City Press. Bruce Whitfield interviews ENS Africa’s Steven Powell.

Schweppes leaves a bad taste in consumers mouth with their branding mix-up

Schweppes leaves a bad taste in consumers mouth with their branding mix-up

‘You'd have a gin and tonic & you’d find hold on, that’s not tonic water I’ve put in there, that’s soda water' - Stephen Grootes

WATCH: The EFF has scored an own goal says Eusebius

WATCH: The EFF has scored an own goal says Eusebius

Eusebius McKaiser questions the party's use of vandalism during weekend demonstrations at H&M.

SANParks accused of not taking responsibility for the safety of hikers

SANParks accused of not taking responsibility for the safety of hikers

This past weekend, hikers were attacked at St James Peak in Kalk bay. Police are looking for two suspects.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.