Attracting quality foreign direct investment in developing countries Share this blog post Foreign direct investment FDI in developing countries has a bad reputation. In some discussions, it is presented as tantamount to postcolonial exploitation of raw materials and cheap labour. However, recent data shows that FDI in developing countries increasingly flows to medium and high-skilled manufacturing sectors, involving elevated income levels Figure 1.
Watch other Export Market Destination videos. Kenya has a market-based economy and is generally considered the economic, commercial, financial and logistics hub of East Africa.
With the strongest industrial base in East Africa, Kenya has been successful in attracting U. An additional attraction for U. Its urban areas, particularly Nairobi, are noted for their large number of well-educated English-speaking and multi-lingual professionals, and for their strong entrepreneurial tradition.
At the same time, businesses operating in Kenya face a number of challenges associated with corruption, unemployment, land titles, security, and poverty. Sustained and significant economic growth is essential if Kenya is to address its development challenges. However, growth is expected to dip to 5.
These elections were the second under a new constitution adopted in One of the most notable changes brought about by the new constitution was a broad devolution of power and responsibilities from the national government in Nairobi to local governments in 47 counties.
This jump in ranking came following a similar improvement of 21 slots in The government has initiated a broad range of business reforms including the areas of starting a business, obtaining access to electricity, registering property, protecting minority investors and streamlining insolvency rules.
Key exports such as tea, coffee and floriculture require little or no processing. The growth is generally attributed to government investment in public infrastructure development projects as well as the real estate sector.
The government is placing a high priority on implementation of mega infrastructure projects road, rail, energy, port and airport modernization.
The technology sector is also one of the fastest growing business sectors in Kenya, and internet access rates are some of the highest in sub-Saharan Africa. The rise of 4G and 4G LTE services and the growth in smartphone usage is influencing growth in e-commerce and other e-based services and innovation.
The tourism sector in Kenya is one of the most diverse in East Africa with increased investments in conference, eco and leisure tourism. Nairobi is the transportation hub of Eastern and Central Africa and the largest city between Cairo and Johannesburg.
The Port of Mombasa is the most important deep-water port in the region, supplying the shipping needs of more than a dozen countries. Prepared by our U. With its network of offices across the United States and in more than 75 countries, the U.
Commercial Service of the U. Department of Commerce utilizes its global presence and international marketing expertise to help U. Commercial Service trade specialist in the U.
Start by using the Country Commercial Guide, a trusted resource for companies at every level of exporting experience. Our guides are produced by trade experts at U. They provide insights into economic conditions, leading sectors, selling techniques, customs, regulations, standards, business travel, and more.
Read the overview below, and continue using the left navigation tool.Foreign Direct Investment in Kenya increased by KES Million in Foreign Direct Investment in Kenya averaged KES Million from until , reaching an all time high of KES Million in .
Foreign direct investment in Iran (FDI) has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early s the Iranian government liberalized investment regulations.
Iran ranks 62nd in the World Economic Forum's analysis of the global competitiveness of countries. In , Iran ranked sixth globally in attracting foreign. Listen: Minister Rob Davies talks to Kaya FM about upcoming Investment Summit In the run-up to the Investment Summit taking place in South Africa next week, Minister of Trade and Industry Dr Rob Davies (MP) speaks to Khaya Sithole about what ideas officials will be looking for to boost investment .
Kenya’s foreign direct investments to hit over Shbn. The economy of India is a developing mixed economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).
The country ranks th in per capita GDP (nominal) with $2, and nd in per capita GDP (PPP) with $7, as of After the economic liberalisation, India achieved % average GDP growth annually.
The FDI Regulatory Restrictiveness Index (FDI Index) measures statutory restrictions on foreign direct investment in 58 countries, including all OECD and G20 countries, and covers 22 sectors. Access the FDI index Trade, FDI and global value chains International trade and FDI are the main defining.