Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
East Africa FDI flows drop on Covid woes, policy bottlenecks
FDI inflows into Kenya, Tanzania, Uganda, Ethiopia, Rwanda and Burundi fell from $6.25 billion (Sh677 billion) in 2019 to $5.09 billion (Sh551 billion) last year, data from the World Investment Report 2021 by the United Nations Conference on Trade and Development (UNCTAD) shows. PHOTO | POOL
Foreign direct investment (FDI) inflows into Eastern Africa dropped by a fifth last year compared to 2019, marking a third straight year of decline that was exacerbated by the Covid-19 pandemic that restricted international capital flows.
FDI inflows into Kenya, Tanzania, Uganda, Ethiopia, Rwanda and Burundi fell from $6.25 billion (Sh677 billion) in 2019 to $5.09 billion (Sh551 billion) last year, data from the World Investment Report 2021 by the United Nations Conference on Trade and Development (UNCTAD) shows.
