The total trade between China and Africa in 2021 was $254 billion.

The total trade between China and Africa in 2021 was $250 billion.

The total trade between China and Africa in 2021 was 254.3 billion US dollars.

The total trade between China and Africa in 2021 was $282 billion.

China's investment cooperation in Africa is stable and strong, with mutual benefits, and has helped enhance the resilience of African economies to the COVID-19 pandemic.

"China's investment cooperation in Africa is stable and strong, with mutual benefits and a win-win situation, characterized by significant increases in bilateral trade and job creation."

China's investment cooperation in Africa is stable and strong, with mutual benefits, and has contributed to the African economy's growth despite the challenges of the epidemic.

China's investment cooperation in Africa is described as stable and strong, with mutual benefits and a win-win situation, as evidenced by the significant trade volume and investment between China and South Africa.

China's investment cooperation in Africa is stable and strong, with mutual benefits, driven by the China-Africa Cooperation Forum and the Belt and Road Initiative.

Agriculture and mining are significant sectors with natural resources in Africa, with the continent possessing vast riches of mining, arable land, and other resources.

Agriculture and mining are sectors in Africa that have significant natural resources and have attracted foreign investment.

Agriculture and mining are significant sectors with natural resources in Africa, including gold, platinum, and other metals, contributing to the continent's trade growth.

The sectors with significant natural resources in Africa are mining and agriculture, with the continent being a major source of gold, platinum, and other metals.

Foreign investment in Africa is expected to focus on the agricultural sector and other sectors with significant natural resources, with Ghana and Nigeria being preferred destinations due to their growth potential and investment opportunities.

Africa is home to 30% of the world's mineral deposits, making it a significant source of key minerals.

Africa is home to 30 percent of the world's known important minerals.

The African continent has a significant amount of the world's natural resources, including key minerals, with an estimated thirty percent of the world's key minerals found in Africa.

"Africa is rich in mineral reserves, with significant percentages of the world's gold, chromium, platinum, phosphate, cobalt, bauxite, and oil reserves found on the continent."

The total global foreign direct investment in 2021 was $1.65 trillion.

The total global foreign direct investment in 2021 was 1.65 trillion USD, according to the United Nations Conference on Trade and Development.

The total global foreign direct investment in 2021 was $1.65 trillion, surpassing pre-pandemic levels.

The most active sector for venture capital investment in Africa is fintech, accounting for 32% of the volume in 2021.

"The most active sector for venture capital investment in Africa is fintech, with the continent experiencing a significant increase in venture capital deals, totaling $5.2bn in 2021."

The most active sector for venture capital investment in Africa is fintech, with Africa being one of the fastest growing VC markets globally.

The fintech sector is the most active for venture capital investment in Africa, with estimated revenues of $30bn by 2025.

The most active sector for venture capital investment in Africa is fintech, as evidenced by a $20m investment in Moove, a fintech company.

The value of Chinese infrastructure projects in Africa over the past two years was 155 billion dollars.

Chinese infrastructure projects in Africa totalled US$155 billion over the past two years.

The value of Chinese infrastructure projects in Africa over the past two years is 155 billion dollars, indicating a significant investment in the continent's development.

China has invested $155 billion in infrastructure projects in Africa over the past two years.

China has invested $155 billion in infrastructure projects in sub-Saharan Africa over the past two years, giving it significant leverage over African governments.

The Rwanda Development Board registered US$1.3 billion in foreign investment in 2020, despite actual investment being significantly lower at US$135 million.

US companies, led by Marriott International and General Electric, will invest $14 billion in Africa, primarily in the construction, banking, and information technology industries.

The US plans to invest over $33 billion in Africa, with likely investments in construction, banking, and information technology industries.

"US companies are expected to invest primarily in construction, banking, and information technology in Africa, with these sectors accounting for a significant portion of foreign investment in the region."

US companies are expected to primarily invest in construction, banking, and information technology in Africa, as part of a larger $55 billion initiative covering trade, investment, health, climate, and other aspects.

US companies are expected to primarily invest in construction, banking, and information technology in Africa, with a focus on infrastructure development through programs like PIDA.

The venture capital deals in Africa increased by 104% from 2020 to 2021, with 650 deals raising $5.2bn in total in 2021.

The venture capital deals in Africa increased by 104% from 2020 to 2021, with the fintech sector being the most active.

The venture capital market in Africa is growing rapidly, with a 104% increase in deals from 2020 to 2021, making it one of the fastest growing VC markets globally.

The UK's investment in Africa is primarily focused on the oil, gas, mining, and financial services sectors, with a total of $65bn in foreign direct investment stock as of 2020.

The UK's investment in Africa is primarily focused on oil, gas, mining, and financial services, leveraging the continent's vast natural and economic resources.

The UK's investment in Africa is primarily focused on sectors such as oil, gas, mining, and financial services, with other sectors like agriculture, ICT, and energy also attracting significant investments.

The UK's investment in Africa is focused on oil, gas, mining, and financial services, driven by the continent's abundant natural resources and growing market potential.

The UK's investment in Africa is primarily focused on oil, gas, mining, and financial services, driven by the continent's vast natural resources.

Tanzania's foreign investment was US$1 billion in 2020.

China plans to increase its agricultural imports from Africa, which is part of its initiatives to boost the continent's industrialization and agricultural modernization.

"China has pledged to increase agricultural imports from Africa, indicating a potential opportunity for foreign investment in the African agricultural sector."

"China has pledged to increase agricultural imports from Africa, highlighting the growing trade relationship between the two regions."

"China has pledged to increase agricultural imports from Africa, reflecting the expanding trade relationship between the two, with African exports to China increasing by 43.7% year-on-year."

"China has pledged to increase agricultural imports from Africa, supporting Africa's export capacity and contributing to the continent's economic growth."

Agriculture is a promising sector for investment in Africa due to the continent's vast natural resources, including arable land.

Agriculture is a promising sector for investment in Africa, as indicated by the discussions at the China-Africa Agricultural Forum, despite facing challenges such as global crises and climate change.

The agricultural sector in Africa is being promoted for investment, with the Minister of Agriculture highlighting its potential for economic and social development.

India's investment in Africa, particularly in the agriculture sector, has shown promise and had a significant impact on the continent's economic growth and development.

"The agricultural sector in Africa is a promising area for investment, with India having made significant investments in the sector to improve productivity and food security."

South Africa is a significant trade partner of China, with China investing in major projects and cooperating deeply in the economic and trade fields, creating thousands of jobs.

South Africa is an important trade partner of China in Africa.

South Africa is an important trade partner of China, as China has been Africa's largest trading partner for 12 consecutive years and their bilateral trade reached a new high in 2021.

"China has been a significant trade partner with Africa, with a total bilateral trade of 254.3 billion US dollars in 2021, and is likely to have important trade relationships with individual African countries such as South Africa."

South Africa is an important trade partner of China in Africa, with China's economic recovery supporting Africa's trade and contributing to the continent's resistance to the epidemic's impact.

The value of new projects announced in Egypt in 2021 was $5.6 billion, more than triple the amount in 2020.

India has invested heavily in infrastructure development in Africa, which is expected to enhance employment, increase productivity, and improve energy efficiency.

India has invested heavily in Africa's infrastructure development sector, among others, contributing to the continent's economic growth.

India has invested heavily in infrastructure development in Africa, including the construction of roads, railways, and ports.

India has invested heavily in the manufacturing sector in Africa.

India has invested heavily in infrastructure development in Africa, which has contributed to the continent's economic growth and development.

The growth rate of Foreign Direct Investment into Africa over the past year was 11%.

The Global Gateway plan aims to mobilize 150 billion euros in investments in Africa.

The total trade between China and Africa in 2021 was $254 billion.

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Content: Can the United States re-focus on Africa ’ s anti-Chinese influence?
Comments 2023 / 02 / 06
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When an American walks down the street in a small Ethiopian town, a local child, who rarely sees a foreign face, runs over to shake hands with him excitedly and asks, “Are you Chinese? ”
This is Ashok Swain, an Indian-born scholar at Uppsala University in Sweden, who spoke about his experiences with his American colleagues in Africa in a column in Gulf News, an Emirati English newspaper, last year.
This is an anecdote, but it reflects China ’ s influence in Africa today.
Chinese foreign minister visits Africa for first time in 33 years
In January, Chinese Foreign Minister Qin Gang visited Ethiopia, Gabon, Angola, Benin and Egypt for the first time in 33 consecutive years.
These five countries are located in the east and south of Africa, including English, French, Portuguese and Arabic-speaking countries, while the capitals of Ethiopia and Egypt are the headquarters of the African Union and the League of Arab States respectively.
A simple look at these points shows that China ’ s diplomacy with Africa is by no means simple.
The United States is shouting that it wants to compete with China, and the Biden administration has refocused its attention on Africa, no longer treating African countries as “muck pits ” as in the Trump years.
US Treasury Secretary Janet Yellen visited Senegal, Zambia and South Africa last month; UN Ambassador Linda Thomas-Greenfield also visited Ghana, Mozambique and Kenya.
Before that, President Joe Biden hosted the second U.S.-Africa Summit in Washington in December, after eight years, and announced his intention to visit sub-Saharan African countries this year.
Africa is becoming a territory that cannot be ignored by both sides of the Great Game, and there are multiple logics behind it.
Economically, China is the world ’ s factory, and the United States intends to reindustrialize, which requires Africa ’ s abundant natural resources to drive it.
Africa has 30% of the world ’ s mineral deposits (including 40% gold, 90% platinum), 12% oil, and 8% natural gas.
50% of the world ’ s production and 70% of the world ’ s production of cobalt are from the Democratic Republic of the Congo.
Africa is also one of the most promising markets in the future.
With a population of 1.4 billion, or about 17% of the world ’ s population, Africa is on par with China and India, but with an economy of only $3 trillion, or only 3% of the world ’ s population, and the equivalent of less than 70 million people, the United Kingdom is still behind India.
Africa ’ s population is expected to grow to 2.5 billion by 2050, a quarter of the world ’ s population and a relatively young population overall.
Politically, Africa today has 54 countries, more than Asia, accounting for more than a quarter of the 193 member states of the United Nations.
In the voting of the United Nations General Assembly, all countries, big or small, have an equal vote, which is why it is called “Africa ’ s Got the World ”.
In 1971, the United Nations proposed to restore the People ’ s Republic of China to the United Nations, with 11 of the 23 countries in the United Nations; the General Assembly voted in favor of the 76 countries, and Africa accounted for 26 of the 26 countries. The Biden administration is convinced to realize that it would be a big loss without African help.
Geographically, Africa is located between the Indian Ocean and the Atlantic Ocean, and it is the offensive and defensive pass of the great chess game between China and the United States outside the Pacific Ocean.
Maritime security in the Horn of Africa is related to China ’ s energy and raw material supply lines, which has led to the establishment of a Chinese naval supply base in Djibouti.
The US Indo-Pacific Strategy would also be a short-sighted mistake if it did not include Africa.
Some in the US have even speculated that Chinese investment in West African ports “threatens the east coast of the United States. ”
The United States mends African relations to ease racial tensions at home
In addition, for the United States, repairing relations with Africa may also have the hope of alleviating racial contradictions at home, which is also in line with the characteristics of the current Democratic Party.
So the Biden administration is re-energizing the U.S. diplomatic offensive on Africa, and to be fair, at least by American standards, the card is quite sincere.
Although Biden repeated the joke at the US-Africa summit, he said that the plan to invest in Africa's digital economy was $350 billion, but only $350 million in fact, but the entire US initiative covers trade, investment, health, climate and other aspects, with a total value of $55 billion.
Compared to Biden ’ s $150 million for ASEAN and $810 million for South Pacific island nations, he clearly attaches much more importance to Africa, in his words, “all in. ”
But the United States has a lot to do to counter China ’ s influence in Africa.
“The United States always feels that Africans need help and need to be told what to do, ” Arikana Chihombori-Quao, the African Union ambassador to the United States from 2010 to 2019, told Al Jazeera last year.“ Unless the United States treats them as equals, it will fail. ”
She explained that the United States and African countries have not set an agenda in advance of the meeting, such as "Come to Washington, let me tell you what to do", "Biden will not do this to other heads of state." She criticized the US practice of insulting, disrespecting Africa, and there is some racism in Washington.
In contrast, he pointed out that before the meeting between China and African countries, the African heads of state will discuss and clarify what issues will be discussed, such as trade, aid and investment, to “provide a way forward and follow up ”; China has such a mechanism with individual African countries on both sides or with Africa as a whole.
She admitted that the Chinese side was not like this at first, but quickly changed its strategy.
“They understand that Africa has what they want.
“You are important, our relationship is important.
""
Indeed, during the U.S.-Africa summit, Biden singled out six African countries that will vote this year to meet their leaders and “urge them to ensure that elections are free and fair. ”
In the United States election result is questioned by many voices in the United States (whether it is reasonable) today, this is not very humorous?
Fighting for people ’ s hearts takes a long, sustained effort, and Biden ’ s $55 billion initiative is only the beginning, if it does eventually come to fruition.
China ’ s total trade with Africa in 2021 amounted to $254 billion, almost four times the $64 billion that the United States and Africa have.
China ’ s stock of overseas direct investment in Africa increased from US $490 million in 2003 to US $43.4 billion in 2020, and has surpassed that of the US since 2014.
The Awakening Age of Pan-Africanism Is Expected to Come True
To be honest, the United States should also downplay the message that it sees them as pawns in the game of big powers.
Now the United States does not mention the opponent, any investment seems to be unable to rationalize internally, can not get on the horse.
The United States invited African countries to be guests, but they were all "infiltrated" by China and Russia; and when Yellen went to Zambia, he had to mention China to be comfortable.
Southeast Asian countries have repeatedly stated that they will not stand for the side between China and the United States, and African countries believe that they are equally sober, because no normal person wants to be the next Ukraine.
Now that the US military aid to Ukraine is almost $100 billion, what is the non-US $55 billion initiative?
The US attitude of putting war and military-industrial interests before construction and development will never change, and it will never be able to counter China ’ s influence in developing China.
In addition, the African Continental Free Trade Agreement (AfCFTA) came into force in 2019, and although there is still a long way to go, this still reflects that Africa is beginning to have sufficient conditions to promote pan-Africanism.
Africans realize that the borders that the West carved up over Africa in the past have evolved into today ’ s borders, which are the shackles of Africa ’ s development, and that Africa must be integrated and self-strengthening in order to have a way out.
This is the awakening of Africa, is the United States and other Western countries ready?
The United States is reviving its diplomatic offensive against Africa, with President Joe Biden (center) hosting the second U.S.-Africa Leaders Summit in Washington after eight years in December. (AFP file photo)
Author: Lien Siu-feng
Column: Chugai Wide Angle Mirror
Follow the latest financial news analysis, like hket Facebook

The total trade between China and Africa in 2021 was $250 billion.

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Content: What's new

China ‘winning lion’s share’ of construction projects in Africa, study finds

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China ‘winning lion’s share’ of construction projects in Africa, study finds

  • US and European firms won 85 per cent of infrastructure contracts back in 1990, according to Hinrich Foundation report
  • But that has changed since Beijing made a strategic pivot to the continent and launched the Belt and Road Initiative
Jevans Nyabiage
Published: 4:00pm, 13 Aug, 2023

Chinese companies have built multibillion-dollar projects across Africa, from railways and bridges to hydroelectric dams. Photo: Xinhua

In the 1990s, about eight out of 10 contracts to build infrastructure in Africa were won by Western companies.

That started to change when China made an aggressive push into the continent, with a “going out” strategy that encouraged Chinese companies to venture overseas in search of markets and raw materials.

By 2013, when Xi Jinping became China’s president, Western firms were running 37 per cent of African infrastructure projects versus 12 per cent for Chinese companies, according to a new report by the Hinrich Foundation, an Asia-based philanthropic organisation.

Now, the tables have turned. Chinese companies accounted for 31 per cent of African infrastructure contracts valued at US$50 million or more in 2022, compared with 12 per cent for Western firms, the study on Africa’s growing clout in global trade and geopolitics found.

Chinese companies have built multibillion-dollar projects across the continent, including ports, railways, highways, bridges and hydroelectric dams – fuelled by Beijing’s vast Belt and Road Initiative.

“This is a big change from 1990, when US and European companies won 85 per cent of African construction contracts,” according to the study conducted by Keith Rockwell, a senior research fellow and former World Trade Organization director.

Rockwell said that under the belt and road strategy, launched in 2013, China had funded mega projects worth billions of dollars such as railways in Kenya and Ethiopia and ports in Djibouti and Nigeria.

In 10 years, engagement through the initiative has exceeded US$1 trillion globally, according to estimates by the Green Finance and Development Centre at Fudan University in Shanghai.

Rockwell noted that China is also Africa’s largest trading partner, with US$250 billion in trade in 2021 compared with US$62 billion in US-Africa trade.

The study found that Chinese infrastructure projects in sub-Saharan Africa totalled US$155 billion over the past two years, and that such investments had given Beijing leverage over African governments. By contrast, total US foreign direct investment in Africa came to US$44.8 billion in 2021.

“With such close trade and business relations it’s no surprise that China is winning the lion’s share of infrastructure project contracts,” Rockwell said.

Aly-Khan Satchu, a sub-Saharan Africa geoeconomic analyst, said China had been more innovative in its financing and was “significantly speedier” in making its strategic pivot to the continent.

“Of course, there have been nuances in this pivot. In the early stage Africa’s balance sheet was emerging from a restructuring and debt forgiveness and therefore there was a significant amount of space and China’s lending reflected this in its ‘aggressive’ initial phase,” Satchu said.

However, Rockwell noted that China is encountering some headwinds in its dealings with Africa. He said projects including a railway in Kenya and a traffic lighting project in Ghana had been controversial and had generated negative public reaction.

He said belt and road lending had fallen by 55 per cent from 2021 to 2022 to US$7.5 billion while overall lending fell from US$28.4 billion in 2016 to US$1.9 billion in 2020. “Some of this is due to the difficulty some African countries have faced in meeting their debt obligations,” Rockwell added.

Still, he said China’s relations with Africa were “broad and deep” and likely to remain strong for many years.

According to the study, China is clearly ahead in the great power competition for political and economic relationships in Africa. During the Donald Trump era, the US turned its back on Africa, while relations between Europe and its former African colonies have deteriorated, and China “rushed to fill the void”.

That includes the exploration and extraction of critical metals such as cobalt and lithium – essential raw materials for making the rechargeable batteries that power electric vehicles and solar panels.

The study noted that Chinese companies have stolen a march on their US and EU rivals in converting metals to raw materials for batteries. Chinese companies are now sourcing lithium from Zimbabwe and Namibia while the Democratic Republic of Congo and Zambia are top sources for cobalt.

China’s share of global lithium refining capacity is 58 per cent and until similar facilities are operational in Europe, the US or Africa itself, China will be the main customer for Africa’s lithium, the study said, citing the International Energy Agency.

But it noted that Brussels and Washington are playing catch-up. To counter China’s belt and road scheme, the US and its Group of Seven partners last year pledged US$600 billion over five years to the Partnership for Global Infrastructure and Investment. Africa is likely to be the principal recipient of these funds.

The US has pledged to fund construction of the Lobito corridor railway line to transport minerals from the DRC and Zambia to the port on Angola’s Atlantic coast.

The European Union in 2021 also unveiled the Global Gateway, which aims to mobilise up to €300 billion (US$330 billion) in investments between 2021 and 2027 to counter Chinese investments in developing countries, including in Africa.

Satchu said China had an “unassailable lead” in Africa, with significant “assets” on the ground after more than two decades of engagement.

“Both the US and Europe need to come to the party in the context of the battle for minerals, which will power the new economy,” he added.

Jevans Nyabiage
Kenyan journalist Jevans Nyabiage is South China Morning Post's first Africa correspondent. Based in Nairobi, Jevans keeps an eye on China-Africa relations and also Chinese investments, ranging from infrastructure to energy and metal, on the continent.

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The total trade between China and Africa in 2021 was 254.3 billion US dollars.

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Content: People 's Network > > International
Roundup: China-Africa trade hits new high amid epidemic, highlights resilience of China-Africa economic and trade cooperation
01 / 03 / 2022 11: 17 | Source: Xinhua Network
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Xinhua News Agency, NAIROBI, March 1, Roundup: China-Africa trade hits new high amid epidemic, highlights resilience of China-Africa economic and trade cooperation
Xinhua reporters
In 2021, the total volume of bilateral trade between China and Africa reached a new high, and China has maintained its position as Africa's largest trading partner for 12 consecutive years.
Analysts believe that China-Africa trade has enhanced the resilience of African economies to the challenges of the COVID-19 pandemic.
China-Africa trade rises against trend to boost growth in Africa under epidemic
According to the latest data released by the General Administration of Customs of China, the total bilateral trade between China and Africa in 2021 reached 254.3 billion US dollars, an increase of 35.3% year-on-year, of which African exports to China amounted to 105.9 billion US dollars, an increase of 43.7% year-on-year.
According to a report released by the Swiss-African Business Circle Association in February, China has been the largest investor in Africa for the past 10 years.
China has added an average of 18,562 new jobs to Africa each year over the past decade.
According to the report released by the United Nations Conference on Trade and Development in November 2021, Africa ’ s foreign trade performance in 2021 was very strong from a global perspective. In the third quarter of 2021, Africa ’ s imports and exports of goods increased by 31% and 40% year-on-year, respectively.
UNCTAD believes that the economic improvement in Africa in 2021 is mainly due to the improvement of the external environment, especially the active support of China and other markets for Africa to strengthen its export capacity.
In addition, the rise in commodity prices has also provided some support for the growth of African trade.
Analysts believe that in the face of the challenges of the epidemic, African countries are generally facing economic difficulties, and with the support of demand brought by China's economic recovery momentum, China-Africa trade has risen against the trend, contributing to the African economy's resistance to the impact of the epidemic.
South Africa is an important trading partner of China. Bilateral trade between China and South Africa accounts for about one-fifth of the total trade volume between China and South Africa. In 2021, the total trade volume between China and South Africa reached 54.35 billion US dollars, an increase of 50.7% year-on-year. China invested 280 million US dollars in South Africa, including 130 million US dollars in non-financial investment and 150 million US dollars in financial investment.
"South Africa's trade with China, especially its exports to China, has boosted South Africa's economic growth and boosted employment," David Root, chief economist of the Efisiente Group, a well-known investment firm in South Africa, told Xinhua.
For South Africa, trade with China is very important.
China is one of the world ’ s leading economies and is still growing rapidly, which is very attractive to South Africa.
It is believed that the prospects for trade between the two countries will be broader in the future.
China-Africa Cooperation Forum and the Belt and Road Initiative add vitality to Africa ’ s economic recovery
According to the report "Chinese Enterprises Invest in Africa - Market Power and Private Role" released in Beijing in August 2021, since 2000, under the impetus of the Forum on China-Africa Cooperation, Chinese enterprises' investment in Africa has entered a "small step fast" development stage, especially Chinese private enterprises have gradually become the main force of China-Africa economic and trade investment cooperation.
According to a report by the African Policy Institute, since the Belt and Road Initiative was launched, China has supported modern infrastructure projects such as railways, roads, ports, dams, industry and digital connectivity in Kenya, injecting vitality into Kenya ’ s economic growth.
In recent years, China has invested in a number of major projects in South Africa, the two sides have carried out in-depth cooperation in the economic and trade field, and large Chinese state-owned enterprises and private enterprises have operated in South Africa, creating thousands of local jobs.
"The China-Africa Cooperation Forum, established in 2000, is a continuation and sublimation of China-Africa friendship and provides a guarantee for the construction of high-level China-Africa relations in the new century," said Mossi, director of the China Studies Center at Dar es Salaam University.
China has helped Africa build major infrastructure projects such as the African Union Conference Center, the Addis Ababa – Djibouti railway, and the Montaigne railway, and has cooperated closely with Africa in many fields, including science, education, culture and health.
The China-Africa cooperation has achieved tangible results, and has made remarkable contributions to reducing poverty, improving the investment environment, raising the level of industrialization and promoting economic development in African countries.
Chinese Ambassador to Tanzania Chen Mingjian said: "At present, countries in the world are still facing the two arduous tasks of epidemic prevention and control and economic recovery. China's high-quality economic development has provided impetus and confidence to the world, and has also brought more opportunities for African countries to recover after the epidemic."
(Editor: Yu Yang, Yan Meng)
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The total trade between China and Africa in 2021 was $282 billion.

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Content: China Returns to Africa After Pandemic, Redoubles Mining Efforts
A Reuters analysis of lending, investment and trade data found a rebound in China ’ s economic cooperation program after its decline during the COVID-19 pandemic, with a focus on Africa.
Chinese leaders point to unprecedented two-way trade and billions of dollars earmarked for new construction projects as signs of their commitment to supporting the continent ’ s development and promoting “win-win ” cooperation.
But the data reveal even greater complexity in a relationship that remains largely focused on extractive activities and has not yet lived up to some of Beijing ’ s theses on the Belt and Road Initiative, President Xi Jinping ’ s strategy to build an infrastructure network connecting China to the world.
While China ’ s new investment in Africa increased by 114 percent last year, according to the Griffith Asia Institute at Griffith University in Australia, it has focused on minerals essential to the global energy transition and China ’ s plans to revive its struggling economy.
Those minerals, as well as oil, dominated intra-regional trade.
Africa ’ s trade deficit with China has ballooned as efforts to boost other imports from the continent, including agricultural products and manufactured goods, have stalled.
China ’ s sovereign lending, which has been Africa ’ s main source of infrastructure finance, has fallen to its lowest level in two decades, and public-private partnerships, which China has called the world ’ s new preferred investment vehicle, have not flourished.
The result is a relationship dominated by imports of African raw materials more than China aspires to.
Analysts say it resembles economic relations between Europe and the continent during the colonial era.
China rejects this analysis.
In response to questions from Reuters, China ’ s foreign ministry wrote: “Africa has the right, ability and reason to develop its foreign relations and choose its partners. ”
"China's practical support for Africa's modernization path in line with its own characteristics is welcomed by an increasing number of African countries," she said.
China ’ s investment in Africa through the Belt and Road Initiative grew rapidly in the two decades before the COVID-19 pandemic.
Chinese companies have been building ports, hydroelectric power stations and railways across the continent with sovereign loans.
Annual lending commitments peaked at $28.4 billion in 2016, according to Boston University's Global China Initiative.
But many projects have proved unprofitable.
China cut lending allocations at a time when some governments were struggling to repay loans.
The pandemic then forced China to shut down, leading to a decline in Chinese construction projects in Africa.
A recovery in sovereign lending is not expected.
Asked about the decline in lending to African infrastructure, Chinese officials pointed out that trade generated by the Belt and Road Initiative is boosting Africa's wealth and development.
Two-way trade hit a record $282 billion last year, according to Chinese customs data.
At the same time, however, the value of Africa ’ s exports to China fell by about 7%, mainly due to lower oil prices and its trade deficit widened by 46%.
Chinese officials have sought to allay the fears of some African leaders.
At a summit in Johannesburg in August, Xi said Beijing would launch initiatives to boost the continent's industrialization and agricultural modernization, sectors African policymakers see as key to bridging trade gaps, diversifying their economies and creating jobs.
China has pledged to increase agricultural imports from Africa.
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China's investment cooperation in Africa is stable and strong, with mutual benefits, and has helped enhance the resilience of African economies to the COVID-19 pandemic.

"China's investment cooperation in Africa is stable and strong, with mutual benefits and a win-win situation, characterized by significant increases in bilateral trade and job creation."

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China's investment cooperation in Africa is stable and strong, with mutual benefits, and has contributed to the African economy's growth despite the challenges of the epidemic.

China's investment cooperation in Africa is described as stable and strong, with mutual benefits and a win-win situation, as evidenced by the significant trade volume and investment between China and South Africa.

Who is Africa's largest trading partner and what was the trade value in 2023?

China's investment cooperation in Africa is stable and strong, with mutual benefits, driven by the China-Africa Cooperation Forum and the Belt and Road Initiative.

Agriculture and mining are significant sectors with natural resources in Africa, with the continent possessing vast riches of mining, arable land, and other resources.

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Content: Egypt News
Agriculture minister: African continent has huge natural and economic resources
Thank you for reading the news about the Minister of Agriculture: the African continent has huge natural and economic resources and now with the details of the news
The African continent possesses vast natural and economic resources, including millions of hectares of arable land, vast riches of mining, natural gas, forests, natural pastures and wildlife, and retains a large proportion of the world ’ s natural resources from renewable and non-renewable sources of energy.
During the session on trade and investment at the China-Africa Agricultural Forum, which is currently held in China in the presence of more than 12 ministers of agriculture in Africa and a number of specialized companies, the current situation of global and regional agricultural trade exchange, which suffers from some difficulties due to many challenges and interlocking crises, including the Russian-Ukrainian crisis, the situation in the Middle East and climate change.
He pointed out that investment between countries depends primarily on the availability of data and information on investment opportunities and incentives in each country, as the lack of flow of this information greatly affects the movements of capital, in addition to the fact that there are many investments afraid of the lack of guarantees that allow the exit of funds or investment returns.
He said that political stability and conflicts affect the flow of investment, as the main factor in attracting investments is to ensure stability in any country where projects are established. It's a very important matter.
He said that payment systems, banking services and settlement mechanisms should be developed, especially in countries that do not have a large amount of dollar reserves, and that the slowdown in growth and the acceleration of inflation led to stagnation in the movement of trade with high prices of fuel, energy and transport, and those challenges facing emerging markets, weak capital flows, inflationary explosions, political tensions and military escalation.
On the reasons for the weak trade exchange, Al-Qusayr said it is due to the weakness of logistics, high costs of transport, transport and insurance, increasing risks due to wars, disasters and conflicts, and the disruption of supply chains due to crises and interlocking challenges. And Ukraine, "which greatly affected the movement of trade.
Al-Qusayr added that many importing countries, especially poor or developing countries, may not have a payment settlement system. Many of them do not have the financial means to form suitable reserves to enhance their food security, as well as many materials are exported as raw materials without manufacturing operations, thus losing added value and thus affecting the volume of trade between countries.
Al-Qusayr reviewed the efforts of the Egyptian state in stimulating the investment climate and was represented in amending the investment laws to allow the existence of guarantees and incentives for investment announced and the approval of one "golden" approval for projects.
As the state guarantees the exit of investments and their returns at any time without restrictions in addition to the fact that investors and stakeholders are involved in the manufacture of laws and legislations, also the Egyptian state expanded in the establishment of free zones and economic zones.
The Minister of Agriculture put forward the measures required to stimulate and stimulate investment, namely, improving international trade is an incentive for economic and social development, improving the standard of living and increasing investments, as well as an important tool to promote integration between countries and the need to increase investment first and second, especially in economic infrastructure and social infrastructure to enhance employment, increase productivity, improve energy efficiency and reduce greenhouse gas emissions. Free trade between countries.
He called on major countries and development partners to provide concessional and catalytic financing, especially to support the capacity of African countries and emerging economies to finance adaptation and mitigation programs.
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Agriculture and mining are sectors in Africa that have significant natural resources and have attracted foreign investment.

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Content: Rwanda foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

By David Himbara

Kagame government says it “registered” US$1.3 billion in foreign investment in 2020. In reality, foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

The government of General Paul Kagame is always in fantasy land. Rwanda Development Board (RDD) reports that it “registered” US$1.3 billion in 2020. In reality, Rwanda attracted a mere US$135 million in foreign investment in 2020.

But RDB further fantasizes as follows: “Real estate and construction and manufacturing accounted for 68% of all investments registered at 48% and 20% respectively. Other sectors that attracted significant investments include agriculture, ICT, energy, mining and financial services.”

As noted, foreign investment in Rwanda dropped from US$354 million in 2019 to US$135 million in 2020. Comparatively, Tanzania attracted the largest share of foreign investment in the East African Community (EAC).

Foreign investment in Tanzania increased from US$991 million in 2019 to US$1 billion in 2020. Foreign investment in Uganda dropped from US$1.2 billion in 2019 to US$823 million in 2020. Foreign investment in Kenya dropped from US$1 billion in 2019 to US$717 million in 2020. Stay tuned.

Agriculture and mining are significant sectors with natural resources in Africa, including gold, platinum, and other metals, contributing to the continent's trade growth.

The sectors with significant natural resources in Africa are mining and agriculture, with the continent being a major source of gold, platinum, and other metals.

Foreign investment in Africa is expected to focus on the agricultural sector and other sectors with significant natural resources, with Ghana and Nigeria being preferred destinations due to their growth potential and investment opportunities.

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Content: The countdown to Expo 2020 Dubai
Dubai Chamber to host African Business Forum at Expo 2020 Dubai
A survey conducted by the Dubai Chamber with participants in previous sessions of the World Africa Business Forum, including dignitaries, investors, trade and investment leaders and experts, revealed that agriculture is the most promising area for investment in the African continent.
During the questionnaire, the participants ’ ideas, attitudes and views on the various aspects of investment and its prospects in the continent were identified.
He concluded that cash investment is the preferred form of FDI, and that Ghana and Nigeria are the preferred destinations for investment in the African continent, due to growth potential and investment opportunities.
The results of the survey provide important data for participants in the sixth edition of the forum, which will be organized by the Dubai Chamber and Expo 2020 Dubai during the exhibition from 13 to 14 October.
This year ’ s edition of the Forum will be organized under the theme “Trade Leads the Future of Economic Transformations ”, which is characterized by radical and fundamental changes that keep pace with the current stage, and at the same time reflects the keenness of the Chamber to achieve a qualitative shift in form and content, which enhances the Forum ’ s status and leading role in publicizing the commercial opportunities available in Africa.
Dubai Chamber, the official business integration partner of Expo 2020 Dubai, will play a pivotal role in stimulating partnerships with the global business community during the six months of the event.
The Forum ’ s program consists of three sections: the Forum ’ s Insights program, the Global Africa Business Forum ’ s networking program, which specializes in bilateral business meetings between investors and businessmen and investors from both sides to discuss opportunities for cooperation and potential partnerships, and the Expert Center, which provides a fast and reliable investment information platform on African countries.
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Which African countries are driving the venture capital ecosystem?

Which sectors received the most foreign investment?

Africa is home to 30% of the world's mineral deposits, making it a significant source of key minerals.

Africa is home to 30 percent of the world's known important minerals.

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Content: Africa does not benefit from mineral boom despite expensive technology
Africa does not benefit from mineral boom despite expensive technology
Technology is increasingly impacting the way people live around the world, creating opportunities in some cases and posing new challenges in others.
Any particular technology, through its individual components and materials, can be traced back to its origins, making the question of the source of those components and materials important.
Technology, economies, livelihoods and modern weapons rely on important minerals such as magnesium, cobalt, lithium or even copper, the majority of which are found in Africa.
As Africa is home to 30 percent of the world ’ s known important minerals, the continent is at the forefront of talks.
Alexander Tripp, associate director of the Atlantic Council ’ s Africa Center, argues in a report published by the institute that at present, African countries are not getting their fair share of the benefits of the important mineral boom and the hustle caused by the development of modern technologies.
For that to happen, Africa will need to invest more in its capacity to refine or add value to minerals within the continent, and such investment could fuel a long-awaited development push.
Unless African countries can break their history of acting only as a supplier of minerals, they will be left behind.
Africa is home to many important mineral reserves, but it is not home to an industry that adds value to minerals.
While Africa has some capacity to process and refine some minerals, significant value-added strides in this sector are still lacking.
Africa will therefore not reap the benefits of the important mineral boom associated with mineral extraction, as concrete action towards the long-awaited value chain development and investment goal on the continent remains elusive.
The African Union and many African nations have long recognized the continent's need to tap its mineral wealth, rather than provide minerals to the rest of the world for others to process and then reap economic benefits.
In 2009, the African Union released its African Mining Vision, which highlighted the importance of the value-added industry.
In 2019, the African Union released the African Commodity Strategy, which calls for transforming Africa from a mere raw material supplier to a continent integrated into global value chains.
The African Union has established an African Mineral Development Centre to coordinate and oversee the implementation of the African Mining Vision.
Since its establishment in 2016, however, the Centre has not been ratified by a sufficient number of Member States, meaning it has not been fully operational.
Metals are important.
Africa is home to many important mineral reserves, but not home to an industry that adds value to minerals.
The global market for lithium battery recycling alone was worth $6.5 billion in 2022 and is expected to reach $35 billion by 2031.
On the public investment side, the United States has published funding and regulatory incentives for battery recycling.
The European Union has adopted a regulation setting out the target percentages for the recovery of vital metals from batteries.
Part of the regulation includes the introduction of a new “battery passport, ” a digital record that accompanies each battery and includes information about its history and components to ensure responsible recycling.
Besides efforts to increase battery recycling, there are also ongoing initiatives to develop batteries that do not rely on rare earth elements.
Private investment in battery replacement research and alternative materials is on the rise, and with it is also likely that the economic benefits of today ’ s important mineral boom will outweigh Africa.
Today, the world needs what Africa needs, but that may not be the case tomorrow.
INVESTMENT
If Africa is to truly benefit from the boom and momentum of important minerals, it will need support in developing its ability to add value to its minerals.
The Lobito Corridor project is the cornerstone of U.S. public investment in Africa ’ s mining sector today, which is looking to stretch more than 1,000 miles of railways to help transport vital minerals from Zambia and the Democratic Republic of Congo to a port in Angola.
Some experts see U.S. and EU investment as an attempt to counter China, amid concerns about Beijing ’ s dominant position in the region ’ s vital metals market.
Ideally, investing in Africa ’ s vital minerals sector would support the continent ’ s ability to add value to minerals before shipping.
But efforts are needed beyond limited U.S. and European investment compared to China, which ultimately aims to help transport and export important minerals.
The relationship between Africa ’ s natural mineral wealth and the continent ’ s strategic importance to the United States is not new.
The United States has sought to acquire minerals vital to Africa, for its geopolitical goals.
The uranium used in the atomic bombs dropped on Hiroshima and Nagasaki in Japan is known to have come from the Shinkolubwe mine in the Congo.
Tripp believes that intense competition over mineral extraction, national security and supply chains will transcend Africa unless the opportunity is seized.
The Africa Centre task force aims to bring together stakeholders from the United States, Europe and Africa, including representatives of the financial sector, development institutions and government.
The group will meet regularly to explore the role and potential of African minerals in critical supply chains, strategies to further engage African states and suppliers, and ways to mobilize the private sector.
The task force will host public talks on topics ranging from the need for (and how best to facilitate) private investment to domestic African policymaking.
The team hopes to contribute to building a new business model and development through strategic and win-win partnerships.
If Africa is to truly benefit from the boom and momentum of important minerals, it will need support in developing its ability to add value to its minerals.
Unless African countries can break their history of acting only as a supplier of minerals, they will be left behind.
arabic

The African continent has a significant amount of the world's natural resources, including key minerals, with an estimated thirty percent of the world's key minerals found in Africa.

"Africa is rich in mineral reserves, with significant percentages of the world's gold, chromium, platinum, phosphate, cobalt, bauxite, and oil reserves found on the continent."

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Content: Below are the remarks of Senegal President and Chairperson of the African Union Macky Sall as prepared for delivery at an Atlantic Council dinner in Washington on December 12, 2022, ahead of the US-Africa Leaders Summit.

Dear colleagues, ministers, members of Congress, ambassadors, representatives of the private sector, the academia, and civil society; dear guests.

I would like to thank the [chairman] of the Atlantic Council, Mr. John Rogers, and its CEO, Mr. Frederick Kempe, for their kind invitation, as well as my compatriot, Ambassador Rama Yade, who has been following up on this for several weeks. I greet and thank all the colleagues, personalities, and other guests gathered here.

I appreciate the efforts that the Atlantic Council has been making for several decades in the analysis and reflection on global issues and challenges facing the world. In my opinion, the place of Africa in contemporary international relations is one of these issues.

More than sixty years after our independence, Africa is still hemmed in on the world stage, and prejudices against the continent remain tenacious. We must therefore continue to advocate, explain, deconstruct unfounded narratives, demand justice and equity, and re-establish historical truths.

Sixty years ago, the vast majority of African countries gained their independence after five hundred years of slavery and colonization. This handicap is unparalleled in the history of humankind. But Africa is still here, alive and resilient.

My view is that despite this historical wrong and the challenges of the day, Africa is moving generally in the right direction. It is true that the cumulative effects of the COVID pandemic and the war in Ukraine have seriously slowed down the dynamics of African growth, which has been regularly higher than the world average in recent years, but the momentum of Africa’s emergence seems irreversible to me.

It is up to us to support this ambition for progress in the fully assumed responsibility of an Africa that does not have any complexes, that makes its own story, carries its own vision of the world, makes its choices in its best interests, and builds its own destiny.

In a way, I can echo here what the founding fathers of the United States Declaration of Independence affirmed 246 years ago, by saying the time has come for Africa to assume among the powers of the earth, the separate and equal station to which the laws of nature and of nature’s God entitle her.

And Africa has the potential to assume that station, with its thirty million square kilometers, 1.4 billion inhabitants, large water reserves, 60 percent of the world’s undeveloped arable land, 40 percent of the world’s gold reserves, 85-95 percent of the world’s chromium and platinum group metal reserves, 85 percent of the world’s phosphate reserves, more than 50 percent of the world’s cobalt reserves, one third of the world’s bauxite reserves, 12 percent of the world’s oil reserves, and a world-class new gas calling.

What we need today is to work on improving the conditions for exploiting these resources.

This requires qualified human capital in sufficient numbers, by further developing technical and vocational training at all levels so that our countries can have human resources capable of supporting the structural transformation of their economies. Without quality human capital, the demographic dividend will be more of a handicap that hinders our development efforts than a force that supports our economies.

The pursuit of Africa’s integration seems to me to be just as fundamental, not only at the political level, but also at the economic and commercial levels. This has been the purpose of the gradual establishment of the African Continental Free Trade Area, to which the African Union devoted an Extraordinary Summit on November 25.

But beyond the texts, it is also through infrastructure that we will be able to enable the free movement of people and goods, which is essential for integration. With the Program for Infrastructure Development in Africa (PIDA), we want to invest more in the construction of roads, highways, ports, airports, and railroads in order to catch up in this area.

I must say that for a long time, several countries and partner institutions showed little interest in this strategic sector. Today, everyone realizes that the development of such profitable infrastructures is an important niche of opportunities for investors and host countries, especially through PPPs.

All our partners, old and new, are welcome on these projects. While keeping their traditional friendships, our countries are also opening up to new horizons. Openness is the very meaning of history.

Beyond our national and continental responsibilities, Africa’s place in the international system also depends on fairer and more equitable global governance. This is what the advocacy that I have been leading since the beginning of my mandate at the head of the African Union on several fronts is all about.

First, for the consistent financing of African economies, we believe it is necessary for the OECD to reform the conditions of access to export credit, by relaxing the rules on credit rates and the duration of grace periods and repayment periods. This would make it possible to mobilize more resources for the financing of development projects, including through private investment and public-private partnerships.

Second, we need to do more to combat abusive tax holidays, tax evasion, and tax optimization, which deprive our countries of significant financial resources, even though taxes should be paid where the activity generates wealth. It is fortunate that, at the initiative of the United States, the OECD adopted in October 2021 a landmark agreement on a 15 percent global minimum tax. This is a significant step in the fight against irregular tax practices that contribute to tax base erosion.

In addition, we need to do more on improving the assessment methods of rating agencies. It has been noted that African countries continue to be penalized by an exaggerated perception of risk that increases insurance premiums and the cost of investment.

The 2022 Financing for Sustainable Development Report published last April by some sixty international institutions, including the IMF and the World Bank, also noted the limitations of these assessments and recommended that the assessment criteria better reflect the real situation of each country.

Finally, we want a fair and equitable energy transition that enables our countries to use their own resources to address their industrialization needs at competitive costs and ensure universal access to electricity, of which more than six hundred million Africans are still deprived. As noted at COP27, when it comes to climate change adaptation, it is our countries that tend to finance their green projects, including infrastructure, through debt, as agreed financial commitments to support developing countries’ adaptation efforts have been slow to materialize.

In addition to these economic, financial, and environmental considerations, we are advocating for a more equitable representation of Africa in global governance bodies such as the United Nations Security Council and the G20, so that its interests are better taken into account.

Finally, what Africa is calling for in terms of a different vision of the world is not a revolution, but a simple evolution for more justice and equity in international relations. It is a legitimate demand to which we want to associate all our friends and partners. I hope that the Atlantic Council will help to amplify this advocacy.

These are the few remarks I would like to make here, while waiting to deliver Africa’s message to our summit. Thank you for your attention.

Further reading

The total global foreign direct investment in 2021 was $1.65 trillion.

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Content: Monday 17 October 2022
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Editor-in-Chief
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Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
ECONOMY
COMESA: Foreign investment needed to help African countries overcome current conditions
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Heba Salameh, CEO of the Regional Investment Agency (RIA) of the Organization of the Common Market for Eastern and Southern Africa (COMESA) member states, stressed that attracting foreign direct investment has become an imperative to help African countries overcome the repercussions of the current global economic situation.
In her speech today at the opening of a workshop organized by the Regional Investment Agency (RIA) in Victoria Falls, Zimbabwe to showcase global best practices in the areas of investor aftercare, investment facilitation services and promotion of investment opportunities in COMESA member countries, Salama said that last year the global economy showed a recovery from the impact of the Coronavirus pandemic, with foreign direct investment around the world reaching $1.65 trillion in 2021 compared to $929 billion in 2020, up 77%. Report of UNCTAD.
She added that the world then witnessed new developments, which affected economies in various countries and created waves of stagnation and inflation, which highlights the role of promotion agencies and investment bodies in African countries to redouble their efforts to balance the effects of COVID-19 and the global situation on foreign direct investment, and compensate for those effects on the overall economies of countries, through modern practices in attracting direct investments.
The CEO of the Regional Investment Agency (RIA) pointed out that the Regional Investment Agency (RIA) of COMESA has taken it upon itself during the past two years, since the outbreak of the Corona phenomenon, to provide international best practices to the investment promotion agencies in COMESA countries in order to follow up and implement them, which positively reflects on the process of attracting foreign direct investment in the countries of COMESA.
Salama pointed out that the RIA has organized over the past two years 37 regional training programs benefiting more than 1500 trainees from all recreational agencies and investment authorities in the countries of the grouping. These programs included various fields of attracting and promoting foreign direct investment, including e-marketing, mental image enhancement campaigns, investment promotion strategies, statistics of foreign direct investment, and identification and promotion of investment projects.
It is noteworthy that the Regional Investment Agency of the member countries of the Common Market for Eastern and Southern Africa (COMESA RIA) is organizing today a three-day workshop in Victoria Falls, Zimbabwe to strengthen the capacities of investment promotion agencies and bodies in the countries of the Community to attract foreign direct investment.
The workshop aims to help investment agencies and bodies in the countries of the Community to increase their competitiveness to attract foreign direct investment, in light of the growing importance of the role played by these investments in improving the growth rates in the countries, especially in Africa, with the increasing repercussions of the global economic situation on emerging countries in particular.
The workshop, presented by international experts from the world ’ s largest companies and think tanks in the field of attracting and promoting direct investments, will be attended by officials of investment promotion bodies and agencies from 17 of the 21 COMESA member countries.
The workshop will discuss the best international practices in the fields of aftercare for investors, investment facilitation services and promotion of investment opportunities, in light of the repercussions of the Corona crisis and the Russian-Ukrainian war, as well as exchange of experiences and best practices in the field of investment in the world, especially the countries of the grouping.
The 21 member countries of the Common Market for Eastern and Southern Africa (COMESA) are Egypt, Burundi, Comoros, Democratic Republic of the Congo, Djibouti, Eritrea, Estuatini, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Somalia, Sudan, Tunisia, Uganda, Zambia and Zimbabwe.

The total global foreign direct investment in 2021 was 1.65 trillion USD, according to the United Nations Conference on Trade and Development.

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Global FDI reached US $1.65 trillion last year, surpassing pre-pandemic levels
According to the latest report of the United Nations, global foreign direct investment (FDI) surged 77% last year from the previous year, rebounding strongly from the impact of the COVID-19 epidemic and surpassing the pre-epidemic level, but the distribution of overseas funds is uneven, mainly concentrated in the developed countries of Europe and the United States, followed by the developing countries, and the poorest countries.
The United Nations Conference on Trade and Development (UNCTAD) released data on the 19th, the total overseas investment of global enterprises in 2021 reached 1.65 trillion US dollars, up from 929 billion US dollars in 2020, of which nearly three-quarters went to developed countries.
According to the report, FDI from rich countries reached an estimated $777.7 billion last year, three times the previous year.
FDI in the United States jumped 114% from the previous year, and in Europe by more than 80%, thanks to the surge in cross-border M & A transactions (M & A).
FDI inflows to developing countries increased by 30 per cent last year to close to $870 billion, including accelerated growth in East and Southeast Asia, a return to near pre-pandemic levels in Latin America and the Caribbean, and an increase in West Asia.
As for the poorest countries, more foreign capital flowed into Africa last year than in the previous year.
FDI by most African firms has increased.
In terms of industry, driven by favorable long-term financing conditions, economic stimulus packages and overseas investment plans, the infrastructure sector was a big winner last year, with financing increasing by 53% in several years and 91% in value, mostly in high-income regions and in Asia, Latin America and the Caribbean.
In contrast, new investment in industry and global value chains was weak last year.
The number of greenfield investments announced last year was almost flat (down 1% year-on-year), but the amount increased slightly by 7%.
New investment plans in global value chain-intensive industries, such as electronics, fell further.
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The total global foreign direct investment in 2021 was $1.65 trillion, surpassing pre-pandemic levels.

The most active sector for venture capital investment in Africa is fintech, accounting for 32% of the volume in 2021.

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Raising venture capital - is it the right path for your startup?

Over the last 50 years, venture capital has been a vital source of financing for early-stage high-growth companies that have not yet been listed on any stock exchange. With Africa being put on the map as a tech hub, there will continue to be an increase in the number of entrepreneurs seeking growth capital for their businesses.
Christopher Ball, co-founder of Finch Technologies | image supplied

According to APVCA's Venture Capital in Africa report, during 2021 we saw 650 venture capital (VC) deals raising $5.2bn in total, marking a 104% increase from the 319 reported in 2020. These numbers reflect the welcomed evolution in Africa's entrepreneurial space.

With any business’ growth plan, timing is everything, so when is the right time to raise venture capital, and when is it time to pull the plug?

Raising venture capital is no easy feat, and you’ll need to put in the leg work in order to attract VC firms and investors. Depending on the stage of your business, you will be required to show business traction and an operating model of success.

If there are investors that show interest in your business, traction, and your team, they may well go into full due diligence of the business.

Starting off with a full review of the business operations, the market that the business is playing in, the growth opportunity and whether the unit economics make sense.

There are five vital questions that will guide your decision on whether raising venture capital is the right path:

Will your startup be worth significantly more in five years’ time?

VC investors, who are the real risk-holders when investing, want to see the fruits of their labour and will only invest in startups that have the potential to become large profitable businesses.

A typical VC model indicates that in a portfolio of 10 investments, there are likely only two investments that shoot the lights out and succeed. The ones that do succeed are ones with a solid business model and promising profit trajectory.

Venture funds generally have a five–10-year ROI game plan for their limited partners (investors). These investors need to believe your business can be exponentially more profitable in the next five years. So, if you think you’ll be able to generate a sizeable revenue, then VC funding can be the ideal growth solution.

Are you prepared to lose full control?

If you go down the route of seeking capital from a VC fund, you’ll need to be fully aware and ready to sell. Most venture capitalists will want startups to follow through with an exit strategy either with a sale or IPO. This is likely to happen before they’ve reached the 10-year mark.

As a startup founder, it’s likely that you went down the startup route because you like having control over your business decisions. Raising capital starts with realising you won’t have full reigns over your company anymore, and your investors and board members will be crucial members in the decision-making.

According to Crunchbase, the median and average level of VC ownership at exit will be 53% and 50% respectively. Meaning, that by the time your company sells, the VC will likely own half of your business.

Have you found the ‘right’ strategic VC partner?

As much as you need to impress venture capital investors, you also need to find the right VC firm to help accelerate your startup growth. You’ll also need to ensure that the VC firm invests in the stage of funding you are looking for – as investors actively pursuing deals in other stages might not be relevant. Do some digging when it comes to past deals from that specific VC firm, do they share an investment ethos that suits your needs?

When seeking the right venture capitalist, you’ll need to know that they will be willing to leverage their own broader professional networks to help you succeed. If you don’t find the right fit, it’s also okay to pull the plug and take a step back from the capital raising process.

Will you be able to focus on raising capital?

The lure of money often leads founders to drastically underestimate the time, effort, and creative energy required to bring in the dough. If you’re already overwhelmed when it comes to creating and getting products into the market, then you might want to give it a couple of months or years before you commit to a venture capital journey.

In current market conditions, it is advised that founders and CEOs raise enough money to get them through the next two years.

Founders will need to spend at least a quarter of their time focused on fundraising and managing their burn rate very well. Part of this will be understanding the ins and outs of your business, putting together a pitch deck and creating valuation terms (how much you need, will use, etc).

When raising venture capital, you need to be prepared for plenty of rejection, and with this comes carving out time for multiple rounds of meetings with potential investors.

Unicorns becoming part of Africa’s already rich fauna horizon

Globally there are thousands of successful and lucrative VC firms, some of the best known are A2Z and Sequoia. According to APVCA, 75% of investors active in Africa in 2021 were international and 25% were Africa-based. Africa is one of the fastest growing VC markets globally and this trend shows no sign of slowing down any time soon.

Locally there are a handful of experienced VCs who play across the funding spectrum with 4DI, Nire Capital, Weaver, Crossfin Ventures, PIP invests and Parktown Capital among the top firms leading the way. Crossfin Ventures invests in early-stage businesses, as well as later-stage opportunities, whereas PIP invests in the earlier rounds of business funding cycles.

In 2021, VC deals poured more money into Africa than the seven years prior combined, with fintech dominating as the most active sector by volume at 32%, according to APVCA’s VC in Africa report.

There has been rapid growth for startups offering practical yet innovative solutions that address challenges for African consumers and this has piqued the interest of VC investors. The continent should brace itself for the influx of unicorns on the horizon.

About Christopher Ball

Christopher Ball is co-founder of Finch Technologies, a South African-based financial solutions developer.

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"The most active sector for venture capital investment in Africa is fintech, with the continent experiencing a significant increase in venture capital deals, totaling $5.2bn in 2021."

What trends are emerging for African startups in 2022?

The most active sector for venture capital investment in Africa is fintech, with Africa being one of the fastest growing VC markets globally.

What trends are emerging for African startups in 2022?

The fintech sector is the most active for venture capital investment in Africa, with estimated revenues of $30bn by 2025.

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Content: When asked for his views on diversification as a strategy for portfolio management, Warren Buffett responded, “diversification is protection against ignorance”. Instead of a diversified portfolio, the Oracle of Omaha famously prefers a concentrated one, composed of a few sectors he has rigorously studied.

The UK’s investment strategy for the African continent is seemingly straight out of the Buffett playbook. As of 2020, the UK holds $65bn in total foreign direct investment (FDI) stock in Africa, second only to China. The vast majority of the portfolio is in oil, gas, mining and financial services.

In 2022 five new oil and gas deals worth £2.1bn were struck at the UK-Africa summit. In stark contrast, just £161m (8% of the total summit commitments) were invested in clean energy. One may agree with the UK’s strategy, suggesting that there aren’t many other high-yield investments to be made other than in oil majors, legacy miners and grey-haired banks. And besides, who would disagree with Buffett’s dictum? He is the sixth-wealthiest person in the world after all.

The truth of the matter is that Buffett would not be as wealthy as he is without adapting to changes in market trends, technologies and geopolitics. In May he sold his remaining stake in chip manufacturer TSMC due to geopolitical considerations (TSMC is based in Taiwan). A concentrated portfolio does not mean a stagnant one. It is this insight that the UK is overlooking, setting itself up to miss opportunities in those new industries rapidly taking shape across the world’s youngest and most promising continent.

Two trends are shaping markets across the continent. One of these is the adoption of financial technologies and the other is increased demand for healthcare, a consequence of Africa’s population boom and rising standards of living.

Fintech sector

McKinsey, a consultancy, estimated that revenues in the African fintech sector could surge eight times their current value to $30bn by 2025. Between 2020 and 2021 alone, the number of tech start-ups tripled to 5,200 companies. In 2021, seven of the 10 newly minted African unicorns (private companies valued over $1bn) are fintechs. As more Africans get connected and as digital identification verification models mature, fintechs will scale and profits will follow.

The second sector is pharmaceuticals. As Africa’s population grows and incomes rise, more money will be spent on healthcare. Within this sector, the Covid-19 pandemic laid bare the worrisome state of Africa’s vaccine and therapeutic manufacturing capabilities. Estimates vary, but some assessments forecast vaccine demand to double in volume from about 1-billion doses now to more than 2.7-billion doses by 2040. Industries adjacent to pharmaceuticals such as logistics, packaging and protective equipment are likely to cash in on increased private and public healthcare expenditure.

There are some positive signs that the newly revamped British International Investment (BII), formally the Commonwealth Development Corporation, is adjusting its investments because of these market trends. In 2020, the BII made a $150m investment in Kelix bio, a pan-African pharmaceutical platform focusing on manufacturing and marketing. It also executed a $20m, four-year structured credit deal with Moove, a fintech company that provides customers with cheaper access to vehicles.

Risk premium

These steps are positive but they are small. Inward FDI for Africa remains pitiful. Last year set a record for the continent, bringing in $83bn. To put this in context, the City of London in 2020 hit $831bn in FDI (10 times that of a continent of 54 countries), according to the Office of National Statistics.

What to make of this all? At least two insights. First, the UK should look to new sectors, taking bold bets in companies leading the fintech and pharmaceutical sectors. The second insight is that Africa’s risk premium is overpriced. There is opportunity beyond the industries of the 20th century; one just needs to look for them.

• Nott works for a venture facility for public benefit and is based in London. He writes in his personal capacity. You can follow his writing on Twitter @TheAfricaBrief.

Picture: 123RF

What trends are emerging for African startups in 2022?

The most active sector for venture capital investment in Africa is fintech, as evidenced by a $20m investment in Moove, a fintech company.

What trends are emerging for African startups in 2022?

The value of Chinese infrastructure projects in Africa over the past two years was 155 billion dollars.

Title:

Content: Wednesday 23 August 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
The world.
China accounts for 31% of Africa ’ s infrastructure projects
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According to a report by the Heinrich Foundation, a Singapore-based charity that promotes sustainable global trade, China ’ s rise in infrastructure construction in Africa has accelerated since the launch of the Belt and Road Initiative in the fall of 2013.
Chinese companies accounted for 31 per cent of Africa ’ s infrastructure contracts last year, worth more than $50 million, compared with just 12 per cent of Western competitors, the report said.
The report pointed out that China ’ s strong rise in infrastructure projects in Africa has increased since the launch of the Belt and Road Initiative, and in 1990, Western companies accounted for 85% of infrastructure contracts in Africa.
In 2013, Chinese companies accounted for only 12% of these contracts, compared to 37% for Western companies.
The report also revealed that the value of infrastructure projects implemented by China in Africa over the past two years amounted to 155 billion dollars, compared to only 44.8 billion dollars for foreign direct investment by the United States in the continent in 2021.
According to a recent study by consulting firm McKinsey, more than 10,000 Chinese companies are now operating in Africa, and the combined revenues of these companies, which have invested $300 billion in the continent, are expected to reach $440 billion in 2025.

Chinese infrastructure projects in Africa totalled US$155 billion over the past two years.

The value of Chinese infrastructure projects in Africa over the past two years is 155 billion dollars, indicating a significant investment in the continent's development.

China has invested $155 billion in infrastructure projects in Africa over the past two years.

China has invested $155 billion in infrastructure projects in sub-Saharan Africa over the past two years, giving it significant leverage over African governments.

The Rwanda Development Board registered US$1.3 billion in foreign investment in 2020, despite actual investment being significantly lower at US$135 million.

Title:

Content: Rwanda foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

By David Himbara

Kagame government says it “registered” US$1.3 billion in foreign investment in 2020. In reality, foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

The government of General Paul Kagame is always in fantasy land. Rwanda Development Board (RDD) reports that it “registered” US$1.3 billion in 2020. In reality, Rwanda attracted a mere US$135 million in foreign investment in 2020.

But RDB further fantasizes as follows: “Real estate and construction and manufacturing accounted for 68% of all investments registered at 48% and 20% respectively. Other sectors that attracted significant investments include agriculture, ICT, energy, mining and financial services.”

As noted, foreign investment in Rwanda dropped from US$354 million in 2019 to US$135 million in 2020. Comparatively, Tanzania attracted the largest share of foreign investment in the East African Community (EAC).

Foreign investment in Tanzania increased from US$991 million in 2019 to US$1 billion in 2020. Foreign investment in Uganda dropped from US$1.2 billion in 2019 to US$823 million in 2020. Foreign investment in Kenya dropped from US$1 billion in 2019 to US$717 million in 2020. Stay tuned.

US companies, led by Marriott International and General Electric, will invest $14 billion in Africa, primarily in the construction, banking, and information technology industries.

Title:

Content: US to invest $33 billion in Africa to build strong economic ties
Kazakhstan News Agency Astana, August 5, according to the global network quoted the French "Liberation" news, US President Barack Obama announced on August 5 local time that the United States will provide more than 30 billion US dollars (about 185.058 billion yuan) of public assistance and private investment to Africa, and called on African leaders to jointly establish a favorable trade environment.
Reported that the United States wants to catch up with the development of Europe and China in Africa, there is still a certain distance.
At the U.S.-Africa summit, Obama pointed out that trade between the United States and the entire African continent is equivalent to trade between the United States and Brazil alone.
Only 1 percent of U.S. exports go to sub-Saharan Africa.
President Obama said the United States will invest 33 billion dollars in Africa.
The United States, led by Marriott International and General Electric, will invest 14 billion U.S. dollars in Africa, mainly in construction, banking and information technology.
In addition, the report pointed out that under the framework of the United States "Power Africa" plan, the United States private investment in Africa will also increase.
The plan aims to double electricity coverage in sub-Saharan Africa.
Taking into account the support of the World Bank and the Swedish government, the program will have a total of 26 billion US dollars at its disposal.
The International Monetary Fund expects Africa to grow by 5.8% in 2015, and the U.S. government and industrial giants want to establish strong economic ties with Africa.
After unveiling the investment plan, Obama did not forget to emphasize the responsibility of African leaders.
"The key to the new era of Africa's development lies not in the United States, but in Africa," he said.
Other U.S. government officials also said that many African countries have broken the unipolar model and taken the initiative to sign cooperation agreements with their trading partners.
Africa should not always be associated with "conflict, disease and poverty".
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What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

The US plans to invest over $33 billion in Africa, with likely investments in construction, banking, and information technology industries.

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

"US companies are expected to invest primarily in construction, banking, and information technology in Africa, with these sectors accounting for a significant portion of foreign investment in the region."

Title:

Content: Rwanda foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

By David Himbara

Kagame government says it “registered” US$1.3 billion in foreign investment in 2020. In reality, foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

The government of General Paul Kagame is always in fantasy land. Rwanda Development Board (RDD) reports that it “registered” US$1.3 billion in 2020. In reality, Rwanda attracted a mere US$135 million in foreign investment in 2020.

But RDB further fantasizes as follows: “Real estate and construction and manufacturing accounted for 68% of all investments registered at 48% and 20% respectively. Other sectors that attracted significant investments include agriculture, ICT, energy, mining and financial services.”

As noted, foreign investment in Rwanda dropped from US$354 million in 2019 to US$135 million in 2020. Comparatively, Tanzania attracted the largest share of foreign investment in the East African Community (EAC).

Foreign investment in Tanzania increased from US$991 million in 2019 to US$1 billion in 2020. Foreign investment in Uganda dropped from US$1.2 billion in 2019 to US$823 million in 2020. Foreign investment in Kenya dropped from US$1 billion in 2019 to US$717 million in 2020. Stay tuned.

Which countries are actively investing in Africa besides China?

US companies are expected to primarily invest in construction, banking, and information technology in Africa, as part of a larger $55 billion initiative covering trade, investment, health, climate, and other aspects.

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

US companies are expected to primarily invest in construction, banking, and information technology in Africa, with a focus on infrastructure development through programs like PIDA.

Which countries are actively investing in Africa besides China?

The venture capital deals in Africa increased by 104% from 2020 to 2021, with 650 deals raising $5.2bn in total in 2021.

What trends are emerging for African startups in 2022?

The venture capital deals in Africa increased by 104% from 2020 to 2021, with the fintech sector being the most active.

What trends are emerging for African startups in 2022?

The venture capital market in Africa is growing rapidly, with a 104% increase in deals from 2020 to 2021, making it one of the fastest growing VC markets globally.

What trends are emerging for African startups in 2022?

The UK's investment in Africa is primarily focused on the oil, gas, mining, and financial services sectors, with a total of $65bn in foreign direct investment stock as of 2020.

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

The UK's investment in Africa is primarily focused on oil, gas, mining, and financial services, leveraging the continent's vast natural and economic resources.

Which countries are actively investing in Africa besides China?

The UK's investment in Africa is primarily focused on sectors such as oil, gas, mining, and financial services, with other sectors like agriculture, ICT, and energy also attracting significant investments.

Title:

Content: Rwanda foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

By David Himbara

Kagame government says it “registered” US$1.3 billion in foreign investment in 2020. In reality, foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

The government of General Paul Kagame is always in fantasy land. Rwanda Development Board (RDD) reports that it “registered” US$1.3 billion in 2020. In reality, Rwanda attracted a mere US$135 million in foreign investment in 2020.

But RDB further fantasizes as follows: “Real estate and construction and manufacturing accounted for 68% of all investments registered at 48% and 20% respectively. Other sectors that attracted significant investments include agriculture, ICT, energy, mining and financial services.”

As noted, foreign investment in Rwanda dropped from US$354 million in 2019 to US$135 million in 2020. Comparatively, Tanzania attracted the largest share of foreign investment in the East African Community (EAC).

Foreign investment in Tanzania increased from US$991 million in 2019 to US$1 billion in 2020. Foreign investment in Uganda dropped from US$1.2 billion in 2019 to US$823 million in 2020. Foreign investment in Kenya dropped from US$1 billion in 2019 to US$717 million in 2020. Stay tuned.

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

The UK's investment in Africa is focused on oil, gas, mining, and financial services, driven by the continent's abundant natural resources and growing market potential.

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

The UK's investment in Africa is primarily focused on oil, gas, mining, and financial services, driven by the continent's vast natural resources.

Which countries are actively investing in Africa besides China?

Tanzania's foreign investment was US$1 billion in 2020.

Title:

Content: Rwanda foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

By David Himbara

Kagame government says it “registered” US$1.3 billion in foreign investment in 2020. In reality, foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

The government of General Paul Kagame is always in fantasy land. Rwanda Development Board (RDD) reports that it “registered” US$1.3 billion in 2020. In reality, Rwanda attracted a mere US$135 million in foreign investment in 2020.

But RDB further fantasizes as follows: “Real estate and construction and manufacturing accounted for 68% of all investments registered at 48% and 20% respectively. Other sectors that attracted significant investments include agriculture, ICT, energy, mining and financial services.”

As noted, foreign investment in Rwanda dropped from US$354 million in 2019 to US$135 million in 2020. Comparatively, Tanzania attracted the largest share of foreign investment in the East African Community (EAC).

Foreign investment in Tanzania increased from US$991 million in 2019 to US$1 billion in 2020. Foreign investment in Uganda dropped from US$1.2 billion in 2019 to US$823 million in 2020. Foreign investment in Kenya dropped from US$1 billion in 2019 to US$717 million in 2020. Stay tuned.

China plans to increase its agricultural imports from Africa, which is part of its initiatives to boost the continent's industrialization and agricultural modernization.

"China has pledged to increase agricultural imports from Africa, indicating a potential opportunity for foreign investment in the African agricultural sector."

What are the outcomes of increased agricultural investments in Africa?

What trends are emerging for African startups in 2022?

Which sectors received the most foreign investment?

"China has pledged to increase agricultural imports from Africa, highlighting the growing trade relationship between the two regions."

What are the outcomes of increased agricultural investments in Africa?

Who is Africa's largest trading partner and what was the trade value in 2023?

"China has pledged to increase agricultural imports from Africa, reflecting the expanding trade relationship between the two, with African exports to China increasing by 43.7% year-on-year."

"China has pledged to increase agricultural imports from Africa, supporting Africa's export capacity and contributing to the continent's economic growth."

What are the outcomes of increased agricultural investments in Africa?

Agriculture is a promising sector for investment in Africa due to the continent's vast natural resources, including arable land.

Which sectors received the most foreign investment?

Agriculture is a promising sector for investment in Africa, as indicated by the discussions at the China-Africa Agricultural Forum, despite facing challenges such as global crises and climate change.

Which sectors received the most foreign investment?

The agricultural sector in Africa is being promoted for investment, with the Minister of Agriculture highlighting its potential for economic and social development.

India's investment in Africa, particularly in the agriculture sector, has shown promise and had a significant impact on the continent's economic growth and development.

Title:

Content: Exploring the Benefits of Indias Investment in Africa

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India’s investment in Africa has been growing steadily over the past few decades, with the country becoming one of the continent’s largest trading partners. From infrastructure development to agriculture and manufacturing, India’s investments in Africa have had a significant impact on the continent’s economic growth and development.

Sports

An area where India’s investment in Africa has been less visible is in the sports sector. While the country has made some investments in sports infrastructure, such as the construction of stadiums, its presence in the sector has been relatively limited compared to other areas.

However, this may be set to change in the future. With the growing popularity of sports in Africa and the increasing recognition of the economic benefits of the sector, India may look to increase its investment in African sports in the coming years. This could include investing in the development of sports infrastructure, supporting the growth of professional sports leagues, and providing technical assistance and training to athletes.

In India, cricket is the number one sport, and it is also popular in many African nations such as Malawi, Zimbabwe and South Africa. As domestic cricket leagues are weak in Africa, this is in stark contrast to the IPL. In light of this, many IPL owners have bought teams in South Africa, to improve quality and give the teams a greater global reach.

In the IPL, games are televised daily, and the same format is being looked into for South Africa club cricket matches. Because of the daily matches, sports betting has flourished in India in recent years.

Yet for Indians, finding the perfect bookmaker to place bets can be a hassle. The best sports betting sites in India should have ample payment options and support the Hindi language. The good news is that comparison sites help Indian bettors by providing all the key information. From languages available, to the latest promotions as well as the legality of placing a bet online is all covered on these platforms.

Infrastructure

One of the key sectors where India has made significant investments in Africa is infrastructure development. The country has invested heavily in a number of large-scale infrastructure projects, including the construction of roads, railways, and ports. These projects have helped to improve connectivity and access to markets, and have played a vital role in boosting economic growth and development in Africa.

India has also made significant investments in the agricultural sector in Africa. The country has supported a number of initiatives aimed at improving agricultural productivity and increasing food security on the continent. This has included providing technical assistance and training to farmers. For example, farmers have been urged to embrace modern practices, which will increase crop yields.

Manufacturing

Manufacturing is a sector where India has made significant investments in Africa. The country has set up a number of manufacturing facilities across the continent, including in countries like Ethiopia, Kenya, Malawi, and Senegal. These facilities have helped to create jobs and boost economic growth, as well as help Africans move from an agricultural society to a manufacturing one.

Benefits for India and Africa

In addition to the economic benefits of India’s investment in Africa, there are also a number of other potential benefits to be gained from increased engagement between the two regions. Increased trade and investment could help to strengthen political and cultural ties between India and Africa, and could help to promote greater understanding and cooperation between the two regions.

There are also a number of social and environmental benefits that could be gained from India’s investment in Africa. For example, increased economic growth and development could help to improve living standards and reduce poverty in Africa.

Conclusion

Overall, India’s investment in Africa has had a significant impact on the continent’s economic growth and development. From infrastructure development to agriculture and manufacturing, the country has played a vital role in boosting growth and prosperity in Africa.

While its presence in the sports sector has been relatively limited so far, it is possible that this may change in the future as the country looks to tap into the growing potential of the sports market in Africa.

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What are the outcomes of increased agricultural investments in Africa?

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Europe, U.S. Japan, South Korea, India
India

Which sectors received the most foreign investment?

"The agricultural sector in Africa is a promising area for investment, with India having made significant investments in the sector to improve productivity and food security."

What are the outcomes of increased agricultural investments in Africa?

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Europe, U.S. Japan, South Korea, India
India

Which sectors received the most foreign investment?

South Africa is a significant trade partner of China, with China investing in major projects and cooperating deeply in the economic and trade fields, creating thousands of jobs.

Who is Africa's largest trading partner and what was the trade value in 2023?

South Africa is an important trade partner of China in Africa.

South Africa is an important trade partner of China, as China has been Africa's largest trading partner for 12 consecutive years and their bilateral trade reached a new high in 2021.

"China has been a significant trade partner with Africa, with a total bilateral trade of 254.3 billion US dollars in 2021, and is likely to have important trade relationships with individual African countries such as South Africa."

South Africa is an important trade partner of China in Africa, with China's economic recovery supporting Africa's trade and contributing to the continent's resistance to the epidemic's impact.

The value of new projects announced in Egypt in 2021 was $5.6 billion, more than triple the amount in 2020.

Title:

Content: Report: Implementation of 58 foreign projects in Egypt during 2021 by 50 foreign companies
Tuesday ، 25 October 2022 05: 00 AM
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A report by the Cabinet Information Center revealed that the volume of foreign direct investments in Egypt in 2014 amounted to 4.61 billion dollars, an increase of 8.36% compared to 2013, and the volume of investments during 2015 and 2016 continued to rise, reaching in 2015 to 6.88 billion dollars, an increase of 41.4 billion dollars. 9.28% from the previous year, and in 2016 the volume of investments reached $8.10 billion, an increase of 17.7% from 2015, but in 2017 the volume of foreign direct investments in Egypt decreased by 8.6% from the previous year. $4 billion.
The report pointed out that foreign investments continued to rise again during 2018 and 2019, reaching a volume of 8.14 billion dollars in 2018, an increase of 9.87% from 2017.
Egypt recorded the highest level of foreign direct investment flows since 2010, an increase of 40.6%, and about 20% of the total volume of foreign direct investment in the African continent, which amounted to about $45.4 billion. In 2019.
In view of the challenges experienced by the global economy during 2020 and 2021 as a result of the crisis of the Corona epidemic, trade tensions between international powers, and the Ukrainian crisis in 2022, the volume of foreign direct investment to Egypt decreased by about 05.35% from 2019. $5.85 billion, and in 2021 it decreased by 12.47% from 2020 to $5.12 billion.
On some other indicators related to the reality of foreign direct investment in Egypt:
1 - Net foreign direct investment flows during the fiscal year 2019 / 2020 reached about 7.5 billion dollars, rising from 3.75 billion dollars in 2012 / 2013. The total value of private investments in Egypt during the year 2019 / 2020 reached about 305 billion pounds.
Egypt ranked 15th in the world in terms of FDI flows in 2019, compared to 23rd in 2018.
3. According to the report of the United Nations Conference on Trade and Development (UNCTAD), Egypt ranked second in Africa after South Africa in terms of the volume of foreign direct investment in 2021.
It came in third place at the Arab level after the United Arab Emirates and the Kingdom of Saudi Arabia.
In the same regard, 58 foreign projects were implemented in Egypt during 2021 by 50 foreign companies and 9,000 new jobs were created.
In addition, the number of new projects announced in Egypt more than tripled to reach $5.6 billion in 2021 compared to 2020.
6- Egypt has surpassed a large number of countries in terms of receiving foreign direct investments in 2021, and the most prominent of these countries are: Uruguay - Ecuador - Bahrain - New Zealand - Croatia - Bulgaria - Serbia - Switzerland.
7. During the last seven years, the total number of projects implemented for the development of free zones reached 20 projects at a total cost of 971 million pounds, and the number of investor service centers at the level of the governorates of the Republic reached 7 companies. A total of £643 million.
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India has invested heavily in infrastructure development in Africa, which is expected to enhance employment, increase productivity, and improve energy efficiency.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Europe, U.S. Japan, South Korea, India
India

India has invested heavily in Africa's infrastructure development sector, among others, contributing to the continent's economic growth.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Europe, U.S. Japan, South Korea, India
India

India has invested heavily in infrastructure development in Africa, including the construction of roads, railways, and ports.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Europe, U.S. Japan, South Korea, India
India

India has invested heavily in the manufacturing sector in Africa.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Europe, U.S. Japan, South Korea, India
India

Which sectors received the most foreign investment?

India has invested heavily in infrastructure development in Africa, which has contributed to the continent's economic growth and development.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

Europe, U.S. Japan, South Korea, India
India

The growth rate of Foreign Direct Investment into Africa over the past year was 11%.

The Global Gateway plan aims to mobilize 150 billion euros in investments in Africa.

Title:

Content: Home » Africa: with Global Gateway, Europe wants to look at the continent as a partner

Africa: with Global Gateway, Europe wants to look at the continent as a partner

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The Covid-19 pandemic, the war between Russia and Ukraine, the growing international prominence of actors such as China, the United States, but also Asian countries and Turkey have made Europe feel more vulnerable in the economic and geopolitical fields. The old continent has found itself exposed to energy shortages and for this reason Brussels has launched the new Global Gateway strategy. A European Union project with the aim of developing new infrastructures in developing countries. This was discussed yesterday at a conference organized in Milan by the economic monthly Africa and Business, by the European Council on Foreign Relations (Ecfr) and by Confindustria Assafrica e Mediterraneo, with the support of Lufthansa, at the Palazzo delle Stelline, Corso Magenta 61, in Milan. “In this context – explained Ecfr researcher Maddalena Procopio – Africa plays a fundamental role. It is a continent undergoing great development and, for Europe, a nearby resource. Global Gateway can become an opportunity for large investments in various sectors: digital, climate, energy, transport, health, education and research”.

However, Europe must look at the continent as a partner and no longer as a mere subject of cooperation and development support. “Global Gateway – added Maddalena Procopio – has enormous potential. Through this project, the public sector, private companies, banking institutions and research must collaborate. Only from this common action can a collaboration arise to build a new partnership with Africa which is a continent undergoing full growth and full of opportunities”.

Global Gateway is a method that combines strong political and economic elements. These terms were echoed by Nicola Bellomo, European External Action Service, Head of Division Pan-African Affairs. “This system – observes Bellomo – starts from a common vision that has its foundations in common interests and not only on a logic of solidarity (which however remains). It is a strong and strategic partnership that is based on unique historical and cultural ties”. “Let’s think – continued Bellomo – of the impressive demographic growth, of the continuous growth of the GDP, of urbanisation. These are conditions which allow for the creation of a very large internal market. If we add to this the birth of a common single market, we cannot fail to notice the enormous potential offered to us in Africa. An opportunity we cannot miss.”

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Europe must become a continent system capable of dealing with Africa as a whole. Domenico Rosa, head of unit at the partnership directorate general of the European Commission, spoke about it at the conference on the Global Gateway held yesterday in Milan. “Europe – observed Rosa – is not China, Russia, the United States. We do not have a single chain of command and institutional set-up. We are 27 countries where common institutions try to create a coherent synthesis. We must work together to create a European system capable of making companies, public institutions and research sectors work together”. “Europe – he concluded – must, however, be the bearer of its values: democracy, respect for human rights, environmental protection. Investments cannot and must not only become a sad new piece of delocalisation”.

The Global Gateway plan will mobilize up to 150 billion euros of investments in the African continent and five priorities have been identified: accelerating the energy and digital transition, promoting sustainable growth and employment, improving health systems, as well as education. Energy will be at the heart of the Global Gateway’s commitments for Africa, with planned investments of up to 15 billion euros. The main objectives will be to increase the production of green energy and access to energy for African citizens, support the integration of the various national markets and improve the interconnections between the various electricity grids, as well as support for reforms of the sector that favor private investment.

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