East African Community Headquarters, Arusha, Tanzania, 14th April, 2019: The East African Community-German Business and Investment Expert Dialogue co-organized by the East African Business Council (EABC) and the German-African Business Association was held today at the EAC Headquarters in Arusha, Tanzania.
The overall objective of the one-day Dialogue was to create business synergies in various sectors while showcasing the EAC as an ideal business destination for trade and investment.
East African Community Headquarters, Arusha, Tanzania, 10th April, 2019: Foreign Direct Investment (FDI) inflows to East Africa fell by 14% in 2018, this is according to the UN Conference on Trade and Development (UNCTAD).
UNCTAD says that the fall in FDI inflows to East Africa was significant, adding that it makes the regionβs in competing for investment projects more challenging.
This despite FDI flows to Africa bucking the global trend and registering and increase of 6% in 2018, though most of these inflows went to North and Southern Africa.
Mr. Paul Wessendorp, Chief of UNCTADβs Investment Promotion Section, further disclosed that global FDI inflows fell by 19% in 2018 to an estimated US$1.2 trillion, from US$1.47 trillion in 2017.
