Africa Foreign Investor Survey 2005 - unido

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Annex: Chapter 8 Annex table 8.1 Location factors ranked by their importance for each host country TOTAL score TOTAL Ranking Burkina Faso Cameroon Côte d’Ivoire Ethiopia Ghana Economic stability 4.11 1 2 2 3 2 1 Political stability 4.08 2 1 1 1 1 2 Physical security 3.96 3 3 3 2 4 4 Local market 3.93 4 4 5 5 5 8 Skilled labour 3.83 5 8 4 6 9 3 Quality of infrastucture 3.79 6 11 7 8 7 7 Legal framework 3.68 7 6 6 4 6 12 Presence of key clients 3.65 8 5 8 7 14 6 Labour costs 3.65 9 9 10 10 11 5 Transparency of investment climate 3.61 10 7 9 9 8 9 Quality of life 3.49 11 10 17 13 13 13 Raw materials 3.41 12 17 12 17 3 15 Incentive package 3.30 13 13 11 11 12 14 Local supplier 3.23 14 16 15 15 15 19 Existence of foreign investor 3.13 15 14 18 14 18 18 Government agency support services 3.12 16 19 16 19 10 10 Regional market 3.08 17 12 13 16 23 11 Double taxation treaties 2.99 18 15 14 12 16 22 Bilateral trade agreements 2.74 19 22 23 18 20 21 IPA assistance 2.72 20 18 21 21 17 20 Acquisition of existing assets 2.63 21 21 24 20 19 17 Availibility of export processing zones 2.55 22 23 22 22 22 16 Specific investment project proposal 2.47 23 20 19 23 21 24 Presence of JV partner 2.23 24 25 20 26 24 23 Taking advantage of AGOA 2.03 25 24 25 24 26 26 Taking advantage of EBA 1.94 26 26 26 25 25 25 Note: The rankings in bold indicate that the given factor yields the highest ranking compared to other survey countries (see also the following Annex table 8.2 Location factors and their relative importance Countries in which location factor is relatively more important Highest rank Economic stability Ghana, Guinea, Madagascar, Malawi, Mozambique, Uganda 1 Political stability Burkina Faso, Cameroon, Côte d’Ivoire, Ethiopia, Mali, Senegal 1 Physical security Kenya 1 Local market Nigeria, Tanzania, UR 1 Skilled labour Tanzania, UR 2 Quality of infrastucture Kenya, Nigeria, Senegal 3 Legal framework Senegal 2 Presence of key clients Tanzania, UR 3 Labour costs Ghana 5 Transparency of investment climate Burkina Faso 7 Quality of life Guinea 7 Raw materials Ethiopia 3 Incentive package Madagascar 6 Local supplier Nigeria, Senegal, Uganda 12 Existence of foreign investor Malawi 11 Government agency support services Ethiopia, Ghana 10 Regional market Ghana, Senegal 11 Double taxation treaties Côte d’Ivoire, Madagascar, Mali 12 Bilateral trade agreements Mali 16 IPA assistance Tanzania, UR 15 Acquisition of existing assets Ghana 17 Availibility of export processing zones Guinea 15 Specific investment project proposal Cameroon 19 Presence of JV partner Cameroon 20 Taking advantage of AGOA Madagascar 19 Taking advantage of EBA Guinea, Uganda 24 202 Africa Foreign Investor Survey 2005
Guinea Kenya Madagascar Malawi Mali Mozambique Nigeria Senegal Tanzania, UR Uganda 1 2 1 1 3 1 2 4 4 1 2 4 2 3 1 2 8 1 6 2 3 1 3 4 2 6 6 6 9 4 4 7 13 2 4 3 1 7 1 3 10 5 4 5 8 7 5 5 2 5 9 3 7 8 10 5 3 3 5 6 6 12 5 13 6 4 13 2 11 13 5 9 9 6 5 12 9 10 3 7 13 6 8 7 13 8 7 9 7 10 11 8 10 10 9 9 11 8 10 8 7 11 11 9 11 10 10 13 12 11 8 10 17 17 17 14 4 15 8 9 12 18 6 15 7 13 15 14 18 17 16 14 15 14 14 15 12 12 14 12 14 16 14 11 18 17 14 17 17 14 19 15 23 12 15 11 16 21 16 15 17 13 21 19 20 16 18 11 13 16 23 19 12 16 12 20 17 16 19 20 20 17 20 18 16 18 20 23 20 21 21 26 16 24 21 19 23 18 15 18 18 21 22 20 22 21 19 19 21 19 15 20 18 21 19 24 24 24 23 22 22 23 24 22 23 22 21 20 22 23 25 24 25 23 24 23 22 22 24 25 26 22 19 25 25 26 25 25 25 26 24 25 26 26 26 25 26 26 26 24 Annex Table). Annex table 8.3 Comparison of importance and change of location factors – total sample, and investor origin Whole sample North South Importance Rank Change Rank Importance Rank Change Rank Importance Rank Change Rank Political stability 4.08 2 0.28 1 4.10 1 0.14 3 4.07 2 0.37 1 Presence of key clients 3.65 8 0.26 2 3.64 8 0.15 2 3.66 9 0.23 5 Skilled labour 3.83 5 0.26 3 3.86 5 0.18 1 3.80 5 0.25 3 Existence of foreign investor 3.13 15 0.21 4 3.04 16 0.09 4 3.25 14 0.23 4 Regional market 3.08 17 0.20 5 3.12 15 0.08 6 3.02 17 0.18 7 Bilateral trade agreements 2.74 19 0.17 6 2.63 19 0.09 5 2.87 20 0.13 9 Local market 3.93 4 0.15 7 3.89 4 0.03 12 3.96 4 0.21 6 IPA assistance 2.72 20 0.12 8 2.53 20 0.02 14 2.91 19 0.12 11 Local supplier 3.23 14 0.12 9 3.26 14 0.04 11 3.19 16 0.14 8 Quality of infrastructure 3.79 6 0.11 10 3.81 6 -0.05 22 3.75 6 0.26 2 Acquisition of existing assets 2.63 21 0.09 11 2.50 21 0.05 8 2.76 21 0.05 15 Presence of JV partner 2.23 24 0.09 12 2.30 24 0.06 7 2.15 24 0.02 20 Specific investment project proposal 2.47 23 0.08 13 2.45 22 0.04 9 2.49 23 0.03 17 Government Agency support services 3.12 16 0.06 14 3.04 17 0.02 13 3.21 15 0.07 13 Economic stability 4.11 1 0.05 15 4.10 2 -0.02 18 4.12 1 0.13 10 Double taxation treaties 2.99 18 0.04 16 2.96 18 0.04 9 3.01 18 0.00 23 Taking advantage of AGOA 2.03 25 0.03 17 1.91 26 0.00 16 2.13 25 0.03 19 Transparency of investment climate 3.61 10 0.03 18 3.56 10 -0.02 20 3.66 8 0.08 12 Availability of export processing zones 2.55 22 0.02 19 2.45 23 0.01 15 2.67 22 0.02 21 Labour costs 3.65 9 0.01 20 3.59 9 -0.02 21 3.70 7 0.05 14 Raw materials 3.41 12 0.01 21 3.38 12 -0.02 19 3.42 12 0.03 16 Taking advantage of EBA 1.94 26 -0.02 22 1.95 25 0.00 17 1.91 26 -0.01 24 Country legal framework 3.68 7 -0.03 23 3.71 7 -0.05 23 3.64 10 0.01 22 Incentive package 3.30 13 -0.10 24 3.27 13 -0.09 24 3.29 13 -0.04 25 Physical security 3.96 3 -0.13 25 3.93 3 -0.21 26 3.99 3 0.03 18 Quality of life 3.49 11 -0.16 26 3.39 11 -0.19 25 3.60 11 -0.07 26 Annex 203
Page 1:
Burkina Faso Cameroon Côte d’Ivo
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The designations employed and the p
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Preface Investment is the key to un
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Foreword This is a pioneering and m
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Abbreviations ACP AfrIPANet AGOA AN
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Africa IPA Network (AfrIPANet) serv
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historical roots and regional marke
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cially in the services sector) pay
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small, labor intensive manufacturin
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mostly subsidiaries of small TNCs,
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1. Introduction Little empirical st
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The simplest linkages involve being
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One of the objectives of this surve
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2. Survey methodology Outline of th
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The initial design of the questionn
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transformation explains the differe
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adds up to higher than the total FD
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Figure 3.5 Share of the 15 survey c
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Figure 3.8 FDI stock - book value o
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Table 3.2 Top-5 foreign investor su
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majority of firms global exporters
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Continuing links with the North Fig
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Figure 3.24 Sales, book value, and
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The 25 largest companies in the sur
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Figure 4.1 Sales according to organ
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Figure 4.5 Sales by main sector and
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In terms of job creation, it is cle
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Figure 4.17 Sales by organizational
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clear trend of increasing South com
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of Tanzania. In Western Africa, Cô
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ook value of South controlled, loca
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Figure 4.37 Sales by investor origi
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Figure 4.43 Sales in each start-up
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Figure 4.50 Share structure distrib
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Figure 4.52 Sales by share structur
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Entry period (start of operations)
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Figure 4.65 Sales by market orienta
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Figure 5.2 Investors’ self-evalua
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Figure 5.7 Last year’s sales grow
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Figure 5.10 Annual sales growth (pa
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sales, old L-TNC, is among the lowe
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Figure 5.18 Classification tree of
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mean and median of the output per e
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Figure 5.23 Sales per USD book valu
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6. Impact on the local economy This
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ices firms pay wages that are more
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may be affected by the small size i
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eveals a group of 77 subsidiaries o
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Table 6.2 gives the distribution by
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for accuracy. The whole sample expe
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Figure 6.16 Expected re-investment
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Local content impacts The analysis
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other hand, the thesis, according t
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Figure 6.25 Distribution of main in
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Technology and know-how transfer In
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Figure 6.29 Expenditure on training
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Table 6.17 Number of university gra
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control is of paramount importance
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Table 6.18 Foreign investor’s bra
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Summary Wage and employment growth
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Table 7.1 Exports for main investor
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Figure 7.2 Past and future export g
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Table 7.7 Top regional export desti
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Export markets The long-established
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global exporters’ contribution to
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Table 8.2 Location factors consider
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Figure 8.2 Assessments of changes i
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Figure 8.7 Comparison of importance
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Figure 8.11 Classification tree of
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Figure 8.15 Pre-investment services
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period (average of 15 years) over w
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Figure 9.1 Future employment and in
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taking advantage of the opening up
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associated with FDI. In these count
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Table 9.1 Major characteristics of
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List of tables and figures FIGURES
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Figure 4.65 Sales by market orienta
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Table 3.1 FDI stock - book value of
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Annex table 6.10 Expenditures on su
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a work permit? How many engineers/s
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ANNEX
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Annex table 2.1 Detailed definition
Page 177 and 178: Annex 2.4 Sample size requirements
Page 179 and 180: Annex table 3.2 Distribution of for
Page 181 and 182: BOOK VALUE(in USD) WORKFORCE Number
Page 184 and 185: Annex: Chapter 4 Annex table 4.1 Sa
Page 186 and 187: Annex table 4.2 Sales, book value a
Page 188 and 189: Annex table 4.3 Sales, book values
Page 194 and 195: Annex table 4.6 Subsectors by inves
Page 196 and 197: Annex: Chapter 5 Annex table 5.1 In
Page 198 and 199: Annex table 5.7 Last year’s sales
Page 200 and 201: Annex table 5.13 Annual sales growt
Page 202 and 203: Annex table 5.19 Sales per USD book
Page 205 and 206: Annex: Chapter 6 Annex table 6.1 Wa
Page 207 and 208: Annex table 6.3 Annual employment g
Page 209 and 210: Annex table 6.6 Ratio of expected r
Page 211 and 212: Percentage of local content MEAN ME
Page 213 and 214: Annex table 6.11 Expenditure on tra
Page 215 and 216: Annex table 6.14 Proportion of univ
Page 217 and 218: Annex table 6.16 Proportion of expa
Page 219 and 220: Annex figure 6.1 Classification tre
Page 221 and 222: Annex figure 6.5 Classification tre
Page 223 and 224: Annex: Chapter 7 Annex table 7.1 To
Page 225 and 226: Annex table 7.4 Export growth (past
Page 230 and 231: Annex table 8.4 Ranking of countrie
Page 232 and 233: Annex figure 8.1 Assessment of chan
Page 234 and 235: Economist Intelligence Unit (EIU) (
Page 236: Printed in Austria March 2007 UNITE
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