EAC Partner States are committed to improving their investment environment with targeted investments into infrastructure, industrial development, and oil production and refining, as well as investment in renewable energy, to reduce the huge import bill and dependence on fossil fuels.
EAC Partner States continue to promote investment opportunities to attract Foreign Direct Investments (FDIs) into the various priority sectors. FDIs inflows to the EAC have previously been concentrated in the manufacturing, construction, and services sectors. China and India continue to be the major sources of FDI to EAC.FDI Inflows into EAC Region, 2014-2019 (in USD million)
Source: UNCTAD (2020) World Investment Report. Figures in red are estimates.
Kenya, Rwanda, Tanzania and Uganda have been experiencing a steady increase in FDI since 2017. Besides FDIs, the EAC is keen to promote intra-EAC investments, by implementing policies that enhance domestic resource mobilization, including improved tax administration, financial sector development, financial innovation and curbing capital flight by stopping illicit financial flows from EAC.
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