FOREIGN DIRECT INVESTMENT IN AFRICA

-

 Africa has not succeeded in attracting much foreign direct investment in the past few decades. When countries did attract multinational companies, it was principally because of their (abundant) natural resources and the size of their domestic market.....

 


Angola, Cote d'Ivoire, Nigeria, and South Africa have traditionally been the main recipients of foreign direct investment in Sub-Saharan Africa. But the author shows that a few Sub-Saharan countries have generated interest among international investors by improving their business environment. In the 1990s, Mali, Mozambique, Namibia, and Senegal attracted substantial foreign direct investment--more so than countries with bigger domestic markets (Cameroon, Republic of Congo, and Kenya) and greater natural resources (Republic of Congo and Zimbabwe).


Mali and Mozambique, which improved their business climate spectacularly in the 1990s, did so with a few strategic actions: liberalizing trade, launching an attractive privatization program, modernizing mining and investment codes, adopting international agreements on foreign direct investment, developing a few priority projects that had multiplier effects on other investment projects, and mounting an image-building effort in which political figures such as the nation's president participated.


These actions are similar to those associated with the success of other small countries with limited natural resources, such as Ireland and Singapore about 20 years ago.

Comments

Post a Comment

Popular posts from this blog

Globe Chambers of Commerce and Industry Set Date For World Economic and Investment Forum in Estonia

-
Image
  Globe Chambers of Commerce and Industry (GCCI) has scheduled World Economic and Investment Forum Conference tagged Baltic – Europe Edition to hold from 15th to 17th September 2023. The baltic-Europe edition is one of the programs lined up by Globe Chambers of Commerce and Industry as the organization looks to also connect with other nations of the Western world The project taking place at Unibet Arena in Tallinn, Estonia will feature a business forum, bilateral trade partnership, a World trade summit and expo, government-to-government meetings, as well as production, manufacturing, and trade finance. It will also feature a production fair and exhibition, business dinner, and economic cooperation and have her special guest of honor from the government and private sectors, international guests, and keynote speakers with 2000 delegations and exhibitors. With the event fixed for September 2023, the president of Globe Chambers of Commerce and Industry, Hon. Nwabueze Buchi George, who ...
Read more

Globe Fashion Week & Awards 2023: "We are not just taking fashion to Korea, we are also introducing Korea's uniqueness in fashion to the world”- GCCI President

-
Image
  Global Fashion Week & Awards is a groundbreaking opportunity for companies that operate within the context of textile and shoe manufacturing to showcase their products to a global audience.    The program which is designed for October 2023, in Seoul, South Korea will be jointly powered by the Globe Chamber of Commerce and Industry (GCCI), and the Korea Model Association (KMA), with the goal of providing a global platform for outstanding textile companies and shoe industries to network, connect, share their innovations and promote excellence. The program will create a business matching niche for upcoming but outstanding textile companies, and shoe manufacturing industries to be recognized.   According to the president of Globe Chamber of Commerce and Industry (GCCI), Hon. Buch George in his remarks at a press interview stated, the world focus is seriously on Korean culture right now. Korea Pop music (K-...
Read more

Weiforum Conference UK 2023: A global initiative with the opportunity to support and influence trade, investment, and business development.

-
Image
Globe Chamber of Commerce and Industry (GCCI), one of the foremost international trade development organizations is propagating  ' Weiforum Conference Uk ' as a tool that will change business narratives.  speaking during the program announcement, Hon. Buchi George, who is the president of the Globe Chamber of Commerce and Industry, revealed that the  World Economic and Investment Forum (WEFORUM) Conference UK, is  a tool that will change the global business perspectives. adding that WEFORUM CONFERENCE Uk which is an international conference, trade summit, and product exhibition platform is created to facilitate all-inclusive international trade development and investment between countries and continents.  "Aside from the fact that the conference upholds all that our organization believes, the conference is timely as the world is trying to create a balance in trade and investment", he complimented.  "The Conference will primarily focus on business developmen...
Read more