Increasing Agricultural Productivity:
Encouraging Foreign Direct Investments in the COMCEC Region
47
Figure 19: Number of Agricultural FDI projects by year and industry
Source: fDi Intelligence from The Financial Times Ltd
It is also interesting to assess how each sub-sector contributes to economic development
objectives. Table 19 shows that the sub-sector sugar & confectionary products has generated the
highest number of FDI project (i.e. 53 projects). Pesticides, fertilisers & other agricultural
chemicals shows the highest number of job creation (i.e. 20,469 jobs) as well as the highest
capital investment (USD 28.3) billion investment.
Table 19 Agricultural FDI trends in the COMCEC Region by Sub-sectors
Sub-Sectors
No of
projects
Jobs Created Capital investment
Total Average Total (USD m) Average (USD m)
Sugar & confectionary products 53 4,106.1 77.5 17,153 323
Grains & oilseed 48 2,461.6 51.3 11,229 233
Pesticide, fertilisers & other
agricultural chemicals
45 20,469.0 454.9 28,266 628
Dairy products 45 1,730.1 38.4 7,342 163
Fruits & vegetables & specialist
foods
32 1,143.9 35.7 5,099 159
Crop production 26 6,657.7 256.1 13,087 503
Tobacco 17 704.8 41.5 4,634 272
Other rubber products 15 2,230.0 148.7 10,637 709
Seafood products 14 1,363.1 97.4 1,926 137
Coffee & tea 14 453.1 32.4 1,780 127
Animal slaughtering & processing 11 988.9 89.9 4,534 412
29
17
19
19
24
29
39
34
37
37
7
3
5
5
4
8
1
3
6
3
3
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3
2
4
2
1
2
4
4
2
2
1
4
1
2
1
2
1
2003
2004
2005
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2007
2008
2009
2010
2011
2012
Food & Tobacco Chemicals Rubber
Wood Products Pharmaceuticals Other sectors