Low-income countries like Ghana, Senegal and Uganda are doing better at attracting foreign direct investment than middleincome countries like South Africa and Namibia because they are able to answer queries from investors faster, according to a new report by the World Bank. Global Investment Promotion Benchmarking 2009 measures how effectively 181 different government agencies are promoting their countries to foreign investors. It assesses the response of these agencies to two potential projects – a software developer and a beverage-manufacturing company seeking to expand operations in each country. According to the report, only 10 out of 181 countries followed up with potential investors to secure projects.
