Investments & Projects

Fintech (Financial Technology) becomes the chance and challenges for both the Africa's innovators and international investor.

Dar es Salaam — Tanzania needs to attract more foreign direct investment (FDI) to realise its goal of attaining seven per cent economic growth, according to the Chinese ambassador to Tanzania, Dr Lu Youqing.

East Africa offers friendly investment ground for German investors that assures high rate of return than any other developing region in the world.

FDI currently represents 10% of productive investments, generates one-third of exports and over 15% of the total number of jobs.

Even though FDI stocks in Togo remained weak in 2015, they have experienced a slight increase in recent years.

Rising over the recent years, FDI inflows, which contributed to 10% of the GDP in 2007, petered out since 2009 due to the global recession. They have again reached stable levels thanks to the current economic recovery.

Foreign investment into Gabon has experienced significant growth; net inflows have been increasing over the past years, reaching almost USD 1 billion in 2014, from about USD 0.7 billion in 2011 (World Bank data).

Tanzania expects nearly 1,000 Chinese extra-large investors promising to invest in a special economic zone including textile, manufacturing, fishing, mining and agriculture across the board following mutual bilateral relations between the two countries.

Nairobi has been ranked as the 10th most dynamic city in the world due to its re-emergence as a regional technological hub.