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UNCTAD: Foreign Direct Investment in East Africa declines
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). 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 UNCTAD’s 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. “This is the third consecutive drop bringing FDI flows back to the low point af
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