Strategy, Enterprise and Innovation

Our PhD students

Photo of Awudu Razak Jehoney

Awudu Razak Jehoney

  • Role Title: PhD student
  • Address: Richmond Building Portland Street Portsmouth PO1 3DE
  • Telephone: tbc
  • Email:
  • Department: Strategy, Enterprise and Innovation
  • Faculty: Portsmouth Business School


Nationality:            First supervisor: Dr Andreas Hoecht, Second superisor: Mr Michael Buchan 

Thesis Title: Foreign Direct Investment into emerging Market economies: A Comparison of FDI into China and Sub-Saharan Africa

Thesis Summary

Foreign direct investment (FDI) is increasingly becoming an essential factor to foster growth and economic development in developing countries. FDI has the potential to provide capital stocks, transfer skills and technology, generate employment opportunities and increase productivity (Solomon and Ruiz, 2012)

Africa can enhance the standard of living of its citizenry through enhanced investment opportunities. However, it is unfortunate to note that Africa has constantly lagged behind other developing countries in the ‘’contest’’ of Foreign direct investment attraction in all the studies and data available on the subject. Africa barely attracts 3% to 5% of the total global FDI, whiles other developing counties in South East Asia captures 25% of the FDI dollars (FDI Confidence Index, 2005, p.34). Meanwhile, Africa has is among the regions with highest returns on investment in the world (World Bank, 2010, p.1)

 In the past two decades, a dramatic surge in FDI has been witnessed by developing counties, from $24 billion (24 % of total FDI) in 1990 to $178 billion (61% of total FDI) in 2000 (World Bank,2001). Africa, which is the poorest among the developing regions did not benefit from the surge in FDI flow to the developing countries, this is despite the effort to attract FDI advantage of high rate of returns on investment the continent has. Between 1980- 89 and 1990-98, foreign direct investment to sun-Saharan Africa grew by 59%, 5,200% for Europe and Central Asia, 942%  for East Asia and Pacific, 740% for South Asia, 455% for Latin America and Caribbean, and 672% for all developing countries. The above statistics indicates a weakness and inability of Africa to attract FDI as compared to its counterparts in other developing countries especially Asia (which is the benchmark for this research) and this is a worrisome situation in view of the benefits FDI brings along

The aim of the research will be to critically examine the factors Multinationals consider when making a decision on where to invest. The study seeks to take a critical look at FDI policies implemented in some Asian countries and compare them to those implemented by SSA countries.

The objective of the research is to establish what encourage MNC’s to Asian countries than Africa. The objective can be reached by asking the following questions, why do African countries attract relatively low FDI as compared to their Asian counterparts? Do the factors that influence FDI into Asia have similar impact on African countries? How can Africa increase its share of the global FDI surge