{{Member states of EAC bloc, have recorded a surge in Foreign Direct Investiments FDIs according to latest data released by the New United Nations Conference on Trade and Development (UNCTAD) 2013 report.}}<\/p>\n
Data shows EAC states received a combined $ 3.9 billion in FDIs in 2012 representing a 48.71% rise from the $ 2.6 billion registered in 2011.<\/p>\n
Rwanda’s FDIs rose by a whooping 50.94% to $ 160 million in 2012 from $ 106 million.<\/p>\n
For Burundi, which lagged the five East African countries, attracted $ 1 million, representing a 66.67% fall from $ 3 million in 2011.<\/p>\n
Uganda is in the lead in FDIs which jumped by 92.51% to $ 1.721 billion from $ 894 million in 2011. The report attributes the surge in FDIs in EAC states to the recent Oil discovery in Uganda and vast gas reserves in Tanzania.<\/p>\n
According to the data, Tanzania attracted $ 1.706 billion in 2012, a 38.81% increase from the previous year’s $ 1.229 billion. <\/p>\n
However, Kenya’s FDIs dropped by 27.04% to $ 259 million from $ 355 million. This lag in Kenya, analysts blamed it on political tensions and delays in removing cumbersome licensing procedures.<\/p>\n
FDI to Uganda and Tanzania was seven times larger than what Kenya received in 2012. <\/p>\n
{contact author: patrick@igihe.com}<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Member states of EAC bloc, have recorded a surge in Foreign Direct Investiments FDIs according to latest data released by the New United Nations Conference on Trade and Development (UNCTAD) 2013 report.}} Data shows EAC states received a combined $ 3.9 billion in FDIs in 2012 representing a 48.71% rise from the $ 2.6 billion […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[334],"hashtag":[],"class_list":["post-8982","post","type-post","status-publish","format-standard","hentry","category-business","tag-homenews","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=8982"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8982\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=8982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=8982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=8982"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=8982"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=8982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}