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FDI: Source of Sustainable Growth Africa Foreign Investors Survey 2005 2007 Africa Day Symposium Yoshiteru Uramoto Deput PowerPoint Presentation
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FDI: Source of Sustainable Growth Africa Foreign Investors Survey 2005 2007 Africa Day Symposium Yoshiteru Uramoto Deputy to the Director General United Nations Industrial Development Organization Comparison with Macro level FDI statistics

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slide1

FDI: Source of Sustainable Growth

Africa Foreign Investors Survey 2005

2007 Africa Day Symposium

Yoshiteru Uramoto

Deputy to the Director General

United Nations Industrial Development Organization

comparison with macro level fdi statistics
Comparison with Macro level FDI statistics
  • Survey results suggest that inward investment flows measured by the balance of payments (BoP) of UNCTAD and IMF may understate the actual level of FDI in Africa
    • The number of foreign affiliates identified by survey was in some cases larger than the population of subsidiaries of TNCs recorded in BoP statistics.
    • Enterprise level surveys capture smaller units
    • Some types of investment e.g. re-invested earnings only measurable in surveys
unido african foreign investor surveys
UNIDO African Foreign Investor Surveys
  • UNIDO has been working with African IPAs since 2000 to improve their capacity to stimulate growth through investment
  • The surveys measure:
    • Impact of investment climate on investor perceptions and actions
    • Impact of investor actions on domestic economy
  • The scope of the survey is expanding and will cover more than 30 countries
sample size and response rate
Sample size and response rate
  • In total 1216 companies participated
  • The response rate was 35% (3484 companies received a questionnaire)
purpose of 2005 survey
Purpose of 2005 Survey
  • Measure investment according to investor groups
  • Measure Investment other than in extractive industries (especially in Africa)
  • Assess the relation between business environment and performance

Data Analyses:

PERFORMANCE

IMPACT

INVESTOR GROUP

INVESTOR PERCEPTION

  • Local content
  • Employment growth
  • Training
  • Technology transfer
  • Importance and change of location factors
  • IPA assessment
  • Origin
  • Organizational structure
  • Market orientation
  • Sub-sectors
  • Share structure
  • Age
  • Growth
  • Productivity
  • Re-investment
local content
Local content

Note: Only manufacturing firms

inter africa investment
Inter-Africa investment
  • South African investors in sample:
    • Have the highest average investment levels of any source country
    • Are the most satisfied with the performance of their operations
    • Spend most per worker on training
    • Have highest sales growth expectations
    • Pay the highest wages
  • Other African investors:
    • High expenditure on training per worker
    • High labor productivity
    • High skill intensity
key outcomes of the 2005 survey
Key outcomes of the 2005 Survey
  • Proportion of South-South FDI increasing over time; their perception, performance and decision making characteristics differ from North
  • Individual investors (FEs) are an important element of FDI in SSA and require new investment promotion strategy
    • They need and want more investment assistance
    • Regarded as growth sector by equity funds
    • Many have regional market orientation
  • Large differences between Francophone West Africa and Anglophone East Africa (structure, growth, age, etc. reflecting differing investment climate and response)
  • Dichotomy of jobless growth versus employment generation with limited value creation.
    • Northern L-TNCs - stagnant employment but high share of skilled labour force
    • South S-TNCs – labour-intensive industries with fast growth but no human capacity development and low wages
future investment rate and volume

Note: MTN Nigeria was not considered

Future investment rate and volume

Note: Over the next three years, normalized with 2004 total firm sales

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Growth Employment Investment

  • Local supply chain
  • Training
  • Technology diffusion
  • Export
  • Output growth
  • Investor satisfaction
  • Productivity
  • Market conditions
  • Local resources
  • Operational and regulatory impediments

Political will

Policy

Intervention

Political will

INVESTMENT

CLIMATE

PERFORMANCE

IMPACT

INVESTOR PERCEPTIONS

Management of FDI-Local economy

Priority issues to be addressed

Investor support services

Intermediary

Agencies

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investment monitoring platform
Investment Monitoring Platform

Policy

Strategy/services

Measure policy impact

Calibration

Country

(Gov. inst.)

Transparency

Company Benchmark

Training

Analysis

Supplier

Sub-contr.

Data

Survey

data

Civil

society

Companies

Online tools

Investment opportunities

Trends

Suppliers/buyers partners

Support services

Enterprise

Diagnostic

Data

Country

Data

Other Data Sources

Financial

Institutions

RECs &

Development

partners

Growth areas

Specific opportunities

Technical assistance needs

Indicators

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thank you
Thank you.

www.unido.org/afripanet

Mr. Yoshiteru Uramoto

Deputy to UNIDO Director General

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