Driven mainly by offshore oil and gas infrastructure, Brunei Darussalam had an estimated stock of $14.2bn of inward foreign direct investment as of the end of 2013, equal to around $35,000 per capita. The country actively recruits foreign investment, offering generous tax incentives to targeted projects that bring in high-paying jobs, help diversify the economy, add value to existing oil and...
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Chapter | Trade & Investment from The Report: Brunei Darussalam 2014
With one of the world’s largest endowments of hydrocarbons reserves relative to the size of its population, Brunei Darussalam has naturally built its economy around the production and export of oil and gas. However, like many of the world’s traditional oil and gas producers, the Sultanate now faces the challenge of maturing fields. The non-energy private sector accounted for 23.3% of GDP in...
As East Africa’s largest economy, Kenya has seen its economy grow by more than 4% for the last three years, according to data from the World Bank, while an improvement in fiscal indicators and a new constitution encouraging devolution have helped to improve governance and the public balance sheet.
Chapter | Table of Contents from The Report: Kenya 2014
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A historic transition is under way in Kenya that could have profound implications for its economy: as part of the implementation of its 2010 constitution, the national government is devolving about a third of its powers and responsibilities to 47 newly created counties. The ultimate objective of the process is to usher in a more decentralised approach to public service delivery, which, while...
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