African business developments and opportunities – September 2013
UNSOLICITED BIDS are becoming increasingly favoured by African governments in trying to encourage private investment. The TANZANIAN government has enacted certain legal amendments that exclude unsolicited public private partnership proposals from the competitive bidding process. While on the other hand, CÔTE D’IVOIRE is re-examining unsolicited bids and attempting to convert some of them to the international bidding process.
Recent media reports suggest that FOREIGN DIRECT INVESTMENT INTO ZIMBABWE has dropped by 76% compared with the same period during 2012, with the country only bringing in USD 33 million in FDI in 2013. This will make a good test case for economists analysing how a country’s economy fares in the virtual absence of FDI inflows.
The prospect of OIL PRODUCTION FROM EAST AFRICA appears to be more imminent in light of reports that KENYA plans to commence pumping activities as early as 2014 and to start shipping in 2016. Such discovery was made by Tullow Oil. Kenya will benefit greatly from import replacement of petroleum.
The Kenyan authorities are making advances in their quest for the DIVERSIFICATION OF THE KENYAN ECONOMY. A new mining bill is being prepared and a comprehensive nationwide aerial survey has also been commissioned. Mining only accounts for 0,8% of the Kenyan GDP but this is likely to rise substantially. The advent of oil production will lead to further diversification. The ICT sector has for some time shown considerable development.
RWANDA, KENYA and GHANA have made the most progress in adopting INFORMATION AND TELECOMMUNICATION TECHNOLOGY according to a new report, “Measuring the Information Society 2012.” by the International Telecommunications Union (ITU). The UN Broadband Commission for Digital Development ranked Rwanda as the number one country in East Africa.
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