Africa's foreign direct investment fell 16% to $40 billion in 2020.

FDI flows into Africa were projected to grow 5 per cent in 2021.

North Africa's FDI fell 5% to $9.3 billion in 2021.

Africa's FDI reached $83 billion in 2021, double the previous year.

Egypt's foreign direct investment is expected to reach $10 billion.

In 2021, Egypt received $5.1 billion investments [3], but saw a 12% drop in FDI to $1.5 billion.

Egypt targets 3% of GDP in foreign direct investment by 2025.

South Africa had $40.889 billion investment inflows in 2021.

Mozambique's foreign investment inflows rose 68% to $5.102 billion in 2021.

Nigeria's foreign investment inflows rose 103% to $4.844 billion in 2021.

Morocco's foreign investment reached $2.153 billion in 2021, a 52% increase.

Africa's foreign direct investment fell to $45 billion in 2022.

Egypt's 2022 FDI was $11 billion.

FDI in COMESA grew by 14% to $22 billion in 2022.

SADC's FDI reached $10 billion in 2022.

WEMU's FDI reached $5.2 billion in 2022.

East African Community's FDI rose 9% to $3.8 billion in 2022.

Energy and gas supply FDI reached $120 billion.

Construction projects' value rose to $24 billion.

Europeans have the largest FDI in Africa.

The UK leads FDI in Africa at $60 billion.

Gulf markets are expected to be Egypt's main source of foreign investment.

Clean energy and infrastructure are attractive investment sectors.

Africa had 71 renewable energy projects in 2021.

Africa announced $39 billion in new FDI projects in 2021.

Africa accounted for 5.2% of global FDI in 2021.

Africa's FDI growth was seen in South, East, and West regions.

China reduced its African investments.

The US proposed a mega infrastructure plan under "Build Back Better World".

The G7 will support Africa more.

Chinese financiers committed $153 billion to African public sectors from 2000 to 2019.

Africa received $65 billion in official development assistance in 2021.

Mauritius and South Africa had the largest outflows in 2021.

Egypt saw $18 billion in net inflows in 2021.

Nigeria had $5.9 billion in net inflows in 2021.

Nigeria received 5.8% of Africa's FDI inflows.

Ethiopia received 5.1% of Africa's FDI inflows.

Most FDI in Africa has gone to the energy sector, totaling $120 billion.

The UK leads African FDI with $60 billion, the largest European investment on the continent.

Gulf countries are major sources of FDI inflows to Egypt, investing in infrastructure and digital services.

Egypt aims to increase FDI to $11.7 billion, focusing on clean energy and infrastructure.

The African Continental Free Trade Area (AfCFTA) aims to create a single market for 1.3 billion people.

By 2050, Africa's population will be 26% of the global total, with consumer spending projected to reach $16.12 trillion.

Chinese financiers committed $153 billion to Africa's public sector from 2000-2019, with $7 billion in loans in 2019.

Zambia's open trade environment and low taxes make it attractive for foreign investment, despite poor infrastructure.

South Africa's inward FDI flows have declined since 2010, but the country aims to improve the business environment.

Africa needs $40-70 billion annually for energy, with projects like bp's GTA facility in Senegal and Mauritania.

Shell and Perenco are investing in Namibia and the Batanga LPG plant, respectively.

Perenco and Tullow Oil are developing projects in Gabon and Kenya, with the latter expecting oil production by 2028.

Chariot signed a gas deal in Morocco as Africa's upstream spending is expected to reach $37 billion by 2025.

bp's GTA facility is expected to start production in 2024, and Perenco has acquired Eni's assets in Congo for $300 million.

The G7 has launched a $600 billion Partnership for Global Infrastructure and Investment to fund African infrastructure projects.

The US accounts for 38% of global investors in African infrastructure and will mobilize $200 billion for PGII over five years.

The EU and UK have invested over €150 billion and £2 billion, respectively, in Africa.

A $8.5 billion Just Energy Transition Partnership will fund South Africa.

Africa's infrastructure investment gap is over $100 billion per year, requiring private equity and debt finance to address it.

The African Union has prioritized safety, AfCFTA, and infrastructure development.

Korea has agreed to launch a bilateral dialogue on critical minerals with Africa and signed a Trade and Investment Promotion Framework with eight African countries.

Korea has pledged $10 billion in aid and $14 billion in export financing to Africa through 2030.

The UAE is seeking investment in African infrastructure and energy, and has discussed trade with 21 COMESA member countries.

The UAE is focusing on green hydrogen production in Mauritania and Namibia to strengthen economic ties with Africa.

Around 100 French companies operate in Nigeria, employing over 10,000 people, across sectors like agriculture, energy, and technology.

Egypt has adopted public-private partnership initiatives and launched a company to guarantee export risks to the continent.

The Cairo-Cape Town Road aims to accelerate public-private partnerships and development efforts.

British International Investment has invested $60 billion in Africa, targeting renewable power, digital infrastructure, and women-owned businesses.

The investment firm has contributed $76 million to the African Infrastructure Investment Managers fund and arranged a $500 million fund with Old Mutual Ltd.

ZCG and NSIA have formed a partnership for sustainable infrastructure investments in Africa.

The partnership will invest in healthcare, renewable energy, and logistics, prioritizing sustainability and social responsibility.

Orascom Construction and Hassan Allam Holding Group have partnered with international financial institutions, with the latter increasing its business volume by 700%.

The EBRD has financed private sector projects in Egypt, including green investments and infrastructure development.

Russia has shared technologies with and invested in Africa's energy sector through companies like Rosneft, Gazpromneft, and RusHydro.

Russia has financed African projects up to $25 billion and is developing national energy systems there.

Africa's economy has grown 5 percent annually, offering opportunities for foreign investment.

Sub-Saharan Africa has over 1 billion people, with half under 25 by 2050, creating a significant workforce and consumer market.

Google will invest $1 billion in Africa's digital transformation.

SweepSouth has expanded to Kenya and Nigeria, demonstrating the potential for foreign investment in Africa's service industry.

Irvine Partners has opened a Ghana office to support clients, highlighting the region's growing professional services sector.

Mauritius is Sub-Saharan Africa's top-ranked economy, attracting foreign investment.

Africa is leading in tech innovation in banking and telecoms, creating opportunities for business graduates.

West Africa is increasingly recognized for its economic growth potential, with Ghana and Nigeria emerging as investment destinations.

Business administration graduates can explore trade opportunities and partnerships with African-American entrepreneurs and Nigerian businesses.

Conferences and forums can facilitate knowledge transfer and skills development, allowing Nigerian participants to gain insights from industry experts.

Participating in such events can enhance Nigeria's international visibility and attract foreign investors.

Increased trade partnerships and investments can boost economic growth, job creation, and global exposure for African businesses.

Agriculture in Africa, particularly Ghana and Nigeria, is a promising investment area, with cash investment being the preferred form of FDI.

The Dubai Chamber hosts the African Business Forum at Expo 2020 to stimulate global partnerships and provide investment information.

African entities partner with foreign companies, offering investment opportunities in sectors like agriculture and technology.

Business administration graduates can work in African investment fields like private equity, venture capital, and asset management.

The US promotes female entrepreneurship and trade partnerships in Africa, including through the 2022 US-Africa Leaders Summit.

The US government supports entrepreneurs, particularly through e-commerce and women's entrepreneurship initiatives in Africa.

The US invests in small businesses in Togo and Côte d’Ivoire, and the Digital Transformation with Africa initiative exists to promote digital economy development.

Dubai's non-oil trade with Africa reached $50 billion by 2020 and is expected to grow 10% annually.

The African Continental Free Trade Area (AfCFTA) links 55 African countries, creating trade and investment opportunities.

Africa is diversifying its economy and undergoing a digital transformation, driven by technology and creating new tech jobs.

Dubai is a strategic partner to unleash Africa's economic potential, with opportunities in fintech, AI, and blockchain.

Dubai and Africa share a common interest in food security, with Dubai serving as a transit hub for African companies.

Business administration graduates need personal skills like creative analysis, critical thinking, problem-solving, and leadership to succeed in job opportunities.

Business administration graduates can contribute to organisations thriving by developing necessary skills.

Training programmes can help business administration graduates develop essential critical skills.

Entrepreneurship skills can be developed in business administration graduates through education and training.

Graduates need employability skills, including basic digital skills, to succeed in the job market.

Mentorship is crucial for graduates' career success, and managers need development to provide it.

An MBA degree helps improve business management skills for managers and entrepreneurs.

Business administration graduates need to develop skills like time management, teamwork, and persuasion to succeed.

Investing in people boosts confidence and engagement during crises.

Africa's foreign direct investment fell 16% to $40 billion in 2020.

Title:

Content: Global investors waiting to pour in money in Africa to firewall China

By IANS | Published: August 2, 2021 02:09 PM2021-08-02T14:09:05+5:302021-08-02T14:25:34+5:30

New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the ...

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New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the Covid-19, investors are once again warming up to the continent. According to the United Nations Conference on Trade and Development (UNCTAD), FDI flows into Africa declined by 16 per cent in 2020 to $40 billion, from $47 billion in 2019.

China, the primary investor in the continent, has also slowed down its investments into the continent leaving an opportunity for other investors.

While the UNCTAD projected FDI inflow into Africa to grow this year, it said that the slow vaccine roll-out programme is a cause for concern. According to UNCTAD, FDI to the continent is projected to grow by only 5 per cent in 2021. But analysts said Africa as an investment destination has led to "an unprecedented curiosity" among other countries, which are now aggressively looking to mute China's dominance in the continent.

"Africa is critical in the new geopolitical and geo-economic contours. The continent, with its vast natural resources, offers a ready growth platform," an analyst told India Narrative.

According to a study published by Brookings Institution last week, Africa is home to 17 per cent of the world population. However, by 2050, it will have 26 per cent of the global population 2.53 billion people. "If Africa is not successfully integrated into the global economy, there could be a major threat to global prosperity and stability," the study said, adding that by 2050, the continent will be home to an estimated $16.12 trillion of combined consumer and business spending.

The African Continental Free Trade Area (AfCFTA) – the mega trade could give a push to intra-continental investment.

Touted as one of the biggest trade deals in the world, the AfCTA aims to create a single market comprising 1.3 billion people with a combined GDP of about $3.4 trillion.

Meanwhile, the US may have woken up late in recognising the potential of Africa but is making all attempts to make up for the lost time.

The Group of Seven or G7 has already decided to support US President Joe Biden's proposal of carving out a mega infrastructure plan under the "Build Back Better World" (B3W) initiative, expected to bring in transparency and sustainability. Besides, the initiative will be carried out only in consultation with local communities.

The G7 in its meeting in June also announced that it will increase its support to the Indo Pacific and Africa. "We resolve to collaborate with partners around the world, including in the Indo-Pacific and Africa, to actively promote these shared values for the good of all," said the statement.

India too has pressed the pedal on investments in the region. Sources said that the still-born Asia Africa Growth Corridor—the mega infrastructure project that was launched in 2017 to connect Asia and Africa must be revived.

Carnegie Endowment for International Peace noted that Chinese financiers committed $153 billion to African public sector borrowers between 2000 and 2019. "After rapid growth in the 2000s, annual lending commitments to Africa peaked in 2013, the year the BRI was launched. By 2019, though, new Chinese loan commitments amounted to only $7 billion to the continent, down 30 percent from $9.9 billion in 2018," it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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FDI flows into Africa were projected to grow 5 per cent in 2021.

North Africa's FDI fell 5% to $9.3 billion in 2021.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

Africa's FDI reached $83 billion in 2021, double the previous year.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

Egypt's foreign direct investment is expected to reach $10 billion.

Title:

Content: « Money » monitors the forecasts of economic analysts for foreign investment flows in the current year
A number of them predicted it would reach $10 billion.
Samar Al-Sayed
Praying for Mahmood
6: 59 AM, Wednesday, 27 Jul 22
Wael Ziadeh: The Russian-Ukrainian war is an opportunity for the Egyptian stock exchange to attract more capital
Esraa Ahmed: Clean energy, infrastructure and digital financial services are the most attractive sectors
Hani Geneina: Companies should be encouraged to reinvest their profits instead of transferring them to parent entities abroad
Naaman Khaled: Most of the money will come from Gulf markets
The Egyptian government aims to increase foreign direct investment flows, especially the Gulf, in the local market in the coming period, in light of the repercussions of the Russian-Ukrainian war on the global and local economies, and a number of analysts and macroeconomic experts estimated the value of these investments to reach $10 billion, driven by various factors, including the decline in the stock prices of companies on the stock exchange, and the exchange rate of the pound against the dollar.
The latest report issued by UNCTAD in June on the volume of foreign investment flows in 15 African countries last year showed that Egypt ranked second in the list, recording the volume of flows about 5.122 billion dollars compared to 5.852 billion in 2020 compared to 9.010 billion in 2019.
South Africa came first last year with a 1,235% jump in investment inflows of $40.889 billion compared to $3.062 billion in 2020 and $5.125 billion in 2019.
Wael Ziadeh, founder and CEO of Zela Capital, said that the Russian-Ukrainian war had negatively affected foreign direct investment flows in the world, while inter-state assistance had increased to counter the negative consequences of the war.
He explained to Al-Mal that these negative effects included the exit of investment flows from some emerging countries, which led to the impact of their trade balance, especially as their imports of food and oil more than their exports, for example Turkey and many European countries, as well as Sri Lanka.
On the other hand, the war represents a positive area for these countries, especially in activating the stock market sector, he said, adding that in this context, the Egyptian Exchange has opportunities to attract more foreign investments in the coming period.
He predicted that Egypt will take no more than six months to recover its trade balance once the war is over, as the prices of petroleum products and food will fall rapidly, as they rose rapidly after the outbreak of the war.
The objectives of the Egyptian government published in July 2021 in the second and final review report of the Credit Standby Arrangement Program signed with the International Monetary Fund, amounting to about $5.4 billion, indicated that the percentage of net foreign direct investments of GDP will rise to 2.5% in the current fiscal year compared to 2% in the last fiscal year, adding that it recorded 1.4% in the fiscal year 2021 / 2020, 2% in 2019 and 2.6% in 2019. / 2018.
These targets pointed out that the proportion of net foreign direct investment will jump to 3% of GDP in the fiscal year 2025 / 2024 compared to 2.9% in 2023 / 2024.
The government also expected in the report to increase the volume of foreign direct investment flows in the local market to about 11.7 billion in the current fiscal year against 8.6 billion dollars in the last fiscal year 2022 / 2021 to rise to 14.9 billion in the next fiscal year (2023 / 2024) and 16.5 billion in 2025 / 2024.
According to the Central Bank of Egypt ’ s forecasts issued in its statistical bulletin for May, the proportion of net foreign direct investment in GDP declined to about 1.3% in the fiscal year 2020 / 2021 compared to 2% in the fiscal year 2019 / 2020, adding that it was 2.7% in the fiscal year 2018 / 2019 and 3.1% in the year 2017 / 2018.
Economist Hani Geneina predicted that the value of net foreign direct investments in the local market will exceed 10 billion dollars in the coming period, due to several different factors, including the decline in the prices of shares of companies in the stock exchange and the exchange rate of the pound against the dollar.
However, Egypt was the second largest recipient of foreign direct investment in the African continent, he said, adding that recent pledges from Gulf countries to invest about $22 billion in various sectors will boost foreign direct investment in the future.
The number of new green projects in Egypt has more than tripled to $5.6 billion, according to the UNCTAD report, pointing out that for example, the UAE real estate company Reportage announced a real estate project worth $1.5 billion.
According to the report, the volume of foreign direct investment flows to North Africa declined by 5% to $9.3 billion last year.
Geneina told Al-Mal that the flows of foreign direct investments to the markets are divided into three types, the first is the acquisition of one company on another by more than 10%, pointing out that this investment happened last fiscal year, such as the acquisition of the UAE Holding “ADQ ” on several Egyptian companies, pointing out the importance of this type of investment, but it is not very useful in the list of foreign investments.
This type of rapid investment is encouraged by the decline in both stock prices on the stock exchange and the exchange rate of the pound against the dollar, as well as the recent government stimulus measures that included the implementation of the state ownership document.
The document of state ownership announced by the government in mid-June revealed the most prominent sectors that will witness the stabilization or reduction of government investments (while allowing the participation of the private sector), a number of activities in the transport, education, mining, real estate, electricity, telecommunications and sports sectors.
Geneina said that the second type of flows is the reinvestment of a foreign company present in the market for its profits again, pointing out that this type is classified in the balance of payments as foreign direct investments.
He added that the most prominent local sectors that will go to this type of investment is oil and gas, due to the high value of its profits achieved last fiscal year, and will therefore reinvest its large financial surpluses during the current fiscal year.
He pointed out that the third type of investment is the most difficult, which is the establishment of a new company or project from the beginning, and the employment of new workers, pointing out that for example, Dana Gas announced that it will expand its operations implemented in the local market.
This area is likely to witness an increase during the current fiscal year, especially in the oil and gas sectors and related sectors, namely petrochemicals and fertilizers, especially by Gulf investments in light of the features announced recently by the government, namely the state ownership document, the gold license, as well as the large financial surpluses they have, which motivates them to invest in the local market.
In mid-May, Prime Minister Mostafa Madbouly announced a number of concessions on the industrial sector, most notably the issuance of the golden license for some projects, pointing out that it will be granted once and include three areas as a start, namely green hydrogen, electric car manufacturing and infrastructure, seawater desalination projects and renewable energy.
Geneina stressed the importance of the government encouraging foreign companies to reinvest their profits in the local market instead of transferring them to parent companies abroad by providing incentives to urge them to take this step.
According to the latest UNCTAD report, Mozambique ranked third in the list of foreign investment flows to 15 African countries last year, and its inflows rose by 68% to $5.102 billion compared to $3.035 billion in 2020, while it recorded 2.212 billion in 2019.
Nigeria ranked fourth on the list, attracting inflows of 4.844 billion over the past year, an increase of 103 percent from the previous year, the data added, adding that it recorded 2.385 billion in 2020 and 2.305 billion in 2019.
Ethiopia followed in fifth place, and foreign direct investment inflows increased last year by 79% to $4.259 billion compared to $2.381 billion in 2020.
In the sixth place came « Congo » with the volume of flows of $3.691 billion, a decline of 8% from its value in 2020, and recorded 4.016 billion dollars, followed by Ghana in the seventh place in the list and increased flows by 39% to reach 2.614 billion dollars during 2021 compared to 1.876 billion in 2020.
According to data from the UNCTAD list, foreign direct investment flows in Senegal jumped by 21% to 2.232 billion against 1.846 billion dollars in the previous comparison period.
According to the report, the value of flows to Morocco increased by 52% last year to $2.153 billion, and a major international financing deal was announced there, a $20 billion construction project for a 3,800km transmission line to the UK with a capacity of 3.6 gigawatts, sponsored by English company Xlinks.
The Democratic Republic of the Congo ranked 10th on the list, with investments up 14% to $1.870 billion compared to $1.647 billion in 2020.
Gabon came in eleventh place, with direct investment flows falling by 5% last year to record 1.635 billion dollars compared to 1.717 billion in 2020, followed by Uganda, with flows rising by 31% to 1.142 billion dollars compared to 874 million in 2020.
Tanzania ranked 13th, with foreign investment up 35 percent in 2021 to $922 million compared to $685 million in 2020.
According to the bulletin, investment flows in Algeria decreased by 24% last year to $870 million compared to $1.143 million in 2020, pointing to the decline of investments in Tunisia to $660 million compared to $652 million in 2020 to be ranked 15th.
Esraa Ahmed, a macro-economic analyst at the investment bank “Ahly Pharos ”, agrees with Geneina ’ s opinion as she expects the volume of net foreign direct investment in Egypt to rise to about $10 billion during the current fiscal year (2022 / 2023), up from levels that will not exceed $7 billion in the fiscal year ending 2021 / 2022.
She added that this rise is driven by the Gulf investment flows that have been announced recently, and the acquisition deals that we see are witnessing activity during the current period.
There are other factors that may prevent net foreign direct investment from rising to larger numbers in the near future due to the continuation of the war in Ukraine and its repercussions on the global economy.
According to Ahmed, these factors are the economic situation of the European Union, which is an important partner for Egypt in terms of trade and investment, in addition to the general reluctance globally to risk starting new projects, and the prevailing outlook for emerging markets and the risks of their currencies.
On the sectors that may witness foreign inflows during the coming period, she said that the most prominent of them are clean energy, new infrastructure driven by the expansion of the state in this field, in addition to digital financial services, and some branches of manufacturing industries.
For his part, Numan Khalid, a macro-economic analyst at Arqaam Capital, said that the current circumstances in the world prevent the possibility of predicting the volume of foreign direct investment flows in the local market during the coming period.
He added that most of the investments come from the Gulf market, especially from Saudi Arabia and the UAE, pointing out that these two countries have benefited greatly from the recent increases in oil prices, and thus have a great financial solvency through which to invest in surrounding countries, especially in Egypt, which is one of their target markets.
He pointed out that health, hotels, real estate and the financial sector will witness an increase in the volume of investment flows to them during the coming period.
During his participation in the Qatar Economic Forum last June, the Minister of Finance, Mohamed Maait, looked forward to increasing the volume of Gulf investments with the transformation of their deposits in Egypt into real investments that benefit from the promising development opportunities available in various fields.

In 2021, Egypt received $5.1 billion investments [3], but saw a 12% drop in FDI to $1.5 billion.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

Which African countries are driving the venture capital ecosystem?

Egypt targets 3% of GDP in foreign direct investment by 2025.

South Africa had $40.889 billion investment inflows in 2021.

Mozambique's foreign investment inflows rose 68% to $5.102 billion in 2021.

Nigeria's foreign investment inflows rose 103% to $4.844 billion in 2021.

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Morocco's foreign investment reached $2.153 billion in 2021, a 52% increase.

Africa's foreign direct investment fell to $45 billion in 2022.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

What was the total FDI inflow to Africa in 2022 and how did it compare to 2021?

$45 billion, which was down from $80 billion in 2021

Egypt's 2022 FDI was $11 billion.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

FDI in COMESA grew by 14% to $22 billion in 2022.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

SADC's FDI reached $10 billion in 2022.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

WEMU's FDI reached $5.2 billion in 2022.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

East African Community's FDI rose 9% to $3.8 billion in 2022.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

Energy and gas supply FDI reached $120 billion.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

Construction projects' value rose to $24 billion.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

Europeans have the largest FDI in Africa.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

Which countries are actively investing in Africa besides China?

The UK leads FDI in Africa at $60 billion.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

Which European countries lead investment in Africa?

Gulf markets are expected to be Egypt's main source of foreign investment.

Clean energy and infrastructure are attractive investment sectors.

Africa had 71 renewable energy projects in 2021.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

Africa announced $39 billion in new FDI projects in 2021.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

Africa accounted for 5.2% of global FDI in 2021.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

Africa's FDI growth was seen in South, East, and West regions.

Title:

Content: FDI flows to North Africa down 5% in 2021
Foreign direct investment to North Africa fell 5 percent to $9.3 billion for the whole of 2021, according to a report on “Investing in the World ” released by the United Nations Conference on Trade and Development (UNCTAD) on June 9, 2022.
These investments, towards Tunisia, improved slightly from $652 million in 2020 to $660 million in 2021.
The same investment to Morocco increased by 52 percent to 2.2 billion dollars in 2021, compared with a 12 percent drop to 1.5 billion dollars in Egypt.
Despite the decline in these investments in Egypt, it remains the second country to benefit from the inflow of foreign direct investment in Africa.
According to the same report, the flow of foreign direct investment in Africa reached a record level of $83 billion for the whole of 2021, more than double the investment achieved for the whole of 2020.
Despite this significant growth, the flow of investment to Africa in 2021 represented only 5.2 percent of the global total, compared to 4.1 percent in 2020.
Most African countries saw a slight increase in foreign direct investment (FDI) in 2021.
These investments developed in South, East and West Africa, while they maintained their previous levels in Central Africa, while declining in North Africa.
Europeans remain the most important investors in Africa, led by investors from the United Kingdom ($65 billion) and France ($60 billion).
Increased investments in renewable energy
Despite the overall positive trend of foreign direct investment towards Africa, the announcement of new projects remained weak at $39 billion and shows only a weak recovery compared to $32 billion recorded in 2020 and less than $77 billion recorded in 2019.
In parallel, the number of international projects in the field of renewable energies in Africa increased to an estimated 71 projects, almost double the 36 projects completed in 2011.
Among these projects is a $20 billion project that aims to export wind energy to the UK from Morocco.
By laying 3,800 km of submarine cables.

China reduced its African investments.

What was the total FDI inflow to Africa in 2022 and how did it compare to 2021?

$45 billion, which was down from $80 billion in 2021

The US proposed a mega infrastructure plan under "Build Back Better World".

The G7 will support Africa more.

Which countries are actively investing in Africa besides China?

Chinese financiers committed $153 billion to African public sectors from 2000 to 2019.

Title:

Content: Global investors waiting to pour in money in Africa to firewall China

By IANS | Published: August 2, 2021 02:09 PM2021-08-02T14:09:05+5:302021-08-02T14:25:34+5:30

New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the ...

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New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the Covid-19, investors are once again warming up to the continent. According to the United Nations Conference on Trade and Development (UNCTAD), FDI flows into Africa declined by 16 per cent in 2020 to $40 billion, from $47 billion in 2019.

China, the primary investor in the continent, has also slowed down its investments into the continent leaving an opportunity for other investors.

While the UNCTAD projected FDI inflow into Africa to grow this year, it said that the slow vaccine roll-out programme is a cause for concern. According to UNCTAD, FDI to the continent is projected to grow by only 5 per cent in 2021. But analysts said Africa as an investment destination has led to "an unprecedented curiosity" among other countries, which are now aggressively looking to mute China's dominance in the continent.

"Africa is critical in the new geopolitical and geo-economic contours. The continent, with its vast natural resources, offers a ready growth platform," an analyst told India Narrative.

According to a study published by Brookings Institution last week, Africa is home to 17 per cent of the world population. However, by 2050, it will have 26 per cent of the global population 2.53 billion people. "If Africa is not successfully integrated into the global economy, there could be a major threat to global prosperity and stability," the study said, adding that by 2050, the continent will be home to an estimated $16.12 trillion of combined consumer and business spending.

The African Continental Free Trade Area (AfCFTA) – the mega trade could give a push to intra-continental investment.

Touted as one of the biggest trade deals in the world, the AfCTA aims to create a single market comprising 1.3 billion people with a combined GDP of about $3.4 trillion.

Meanwhile, the US may have woken up late in recognising the potential of Africa but is making all attempts to make up for the lost time.

The Group of Seven or G7 has already decided to support US President Joe Biden's proposal of carving out a mega infrastructure plan under the "Build Back Better World" (B3W) initiative, expected to bring in transparency and sustainability. Besides, the initiative will be carried out only in consultation with local communities.

The G7 in its meeting in June also announced that it will increase its support to the Indo Pacific and Africa. "We resolve to collaborate with partners around the world, including in the Indo-Pacific and Africa, to actively promote these shared values for the good of all," said the statement.

India too has pressed the pedal on investments in the region. Sources said that the still-born Asia Africa Growth Corridor—the mega infrastructure project that was launched in 2017 to connect Asia and Africa must be revived.

Carnegie Endowment for International Peace noted that Chinese financiers committed $153 billion to African public sector borrowers between 2000 and 2019. "After rapid growth in the 2000s, annual lending commitments to Africa peaked in 2013, the year the BRI was launched. By 2019, though, new Chinese loan commitments amounted to only $7 billion to the continent, down 30 percent from $9.9 billion in 2018," it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Africa received $65 billion in official development assistance in 2021.

Title:

Content: AFED: EGYPT RECEIVED $5.1 BILLION INVESTMENTS IN 2021
GDP growth is expected to rise to 4.4% this year
Abdulrahman Abu Al-Enein
6: 52 AM, Wednesday, 31 May 23
Recent data issued by the African Development Bank (AfDB) revealed that Egypt ranked second in terms of foreign direct investment flows in the continent in 2021 and attracted nearly $5.1 billion.
According to the Africa Economies Outlook 2023, South Africa was the largest recipient of foreign direct investment in 2021 with investments of more than $40.9 billion, nearly half of the total inflows to the continent in that year, followed by Egypt and Mozambique, which each attracted nearly $5.1 billion, representing about 6.2% of the total volume.
In the same context, the report expected Egypt ’ s GDP growth rate to decline to 4.4% this year from 6.6% estimated last year, and to rise to 5.1% next year.
The report pointed out that the inflation rate rose from 4.5% in the fiscal year 2020 / 2021 to 8.5% in the fiscal year 2021 / 2022 due to the rise in food and energy prices globally and the devaluation of the pound against the dollar.
He said that the current account deficit shrank to 3.5% of GDP in the fiscal year 2021 / 2022 compared to 4.4% in the previous fiscal year 2020 / 2021 due to the rise of tourism revenues to 10.7 billion dollars against 4.9 billion dollars, respectively.
The African Development Bank pointed out that the banking sector remains profitable and well capitalized, noting that the rate of non-performing loans reached 3.2% in June 2022, explaining that subsidies and social protection programs have reduced the impact of high food and energy prices on vulnerable families.
The Minister of Planning Hala Al-Said said in previous statements that despite the current effects of the Russian-Ukrainian crisis, which is likely to spread over the next year, the Egyptian economy is expected to grow by 4.2% by the end of the current fiscal year 2023-2022.
Al-Saeed said that with the development of inflationary trends in the Egyptian economy and despite the success of the state in curbing it and reducing it from very high levels (25% in 2017-2016) to less than 5% in 2021-2020, the rate increased to about 15% in 2022, and continued to rise, especially after the Russian-Ukrainian crisis.
Foreign direct investment in Mozambique increased by 68% in 2021, the report said, noting that these investments were largely directed to green projects in the energy sector.
Nigeria accounted for 5.8% of FDI inflows to Africa and Ethiopia 5.1% despite economic challenges.
The bulk of foreign direct investment in these countries is increasingly going to clean energy resource projects.
Mauritius and South Africa recorded the largest outflows in 2021, but a few countries recorded net inflows, including Egypt ($18 billion) and Nigeria ($5.9 billion).
The Bank estimates that capital flight through net investment outflows continued in 2022 at around $28 billion, which is close to the 2021 level due to higher interest rates linked to deflationary monetary policies in developed countries.
Official development assistance (ODA) to Africa stabilized at $65 billion in 2021 after the previous 28 percent jump in 2020.
The significant increase in such assistance since 2020 reflected the support provided by the international community to help African governments address the humanitarian, social and economic impacts of the coronavirus epidemic and the difficult global economic conditions.
The African countries that saw the largest increase in ODA in 2021 included Egypt (428%), Equatorial Guinea (115%), Angola (109%), Gabon (82%) and Sudan (60%).
The report pointed out that official development assistance to Egypt during 2021 amounted to about 8.2 billion dollars, Ethiopia 4 billion dollars, Sudan 3.8 billion dollars, the Democratic Republic of the Congo 3.5 billion dollars, Nigeria 3.4 billion dollars, and Kenya 3.1 billion dollars.
African countries need to leverage this external support to address existing vulnerabilities and build more resilient economies, given the risks that advanced economies are reallocating resources for reconstruction and humanitarian assistance in Ukraine at the expense of meeting the continent ’ s official development assistance commitments.
Ukraine received $16.1 billion in net official development assistance (ODA), equivalent to 7.8 percent of the total aid resources provided last year.
It is noteworthy that the report was launched in light of the annual meetings of the African Development Bank Group held under the auspices of President Abdel Fattah El Sisi in Sharm El Sheikh from 22 to 26 May.

Mauritius and South Africa had the largest outflows in 2021.

Egypt saw $18 billion in net inflows in 2021.

Nigeria had $5.9 billion in net inflows in 2021.

Which countries are preferred FDI destinations in Africa?

Nigeria received 5.8% of Africa's FDI inflows.

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Ethiopia received 5.1% of Africa's FDI inflows.

Most FDI in Africa has gone to the energy sector, totaling $120 billion.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

The UK leads African FDI with $60 billion, the largest European investment on the continent.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
It has reached $11 billion.
UN highlights doubling of foreign direct investment in Egypt
The United Nations Trade and Development Board (UNCTAD) said in its annual report on foreign direct investment flows for the year 2022, on Wednesday in Geneva, that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
Investment flows to Africa fell to $45 billion in 2022 from a record $80 billion in 2021 and accounted for 3.5 percent of global foreign direct investment, the report said, adding that international project financing deals targeting Africa showed a 47 percent drop in value.
The report pointed out that the number of announcements of new projects increased by 39% to 766, and that six of the 15 largest new investment mega projects (those worth more than $10 billion) announced in 2022 were in Africa, stressing that Egypt witnessed an increase in foreign direct investment more than doubled to $11 billion as a result of increased cross-border M & A sales.
The number of new projects has more than doubled to 161, and the value of international project financing transactions has increased by two-thirds to $24 billion.
FDI inflows have risen over the past five years in four of the continent ’ s regional economic groupings, with FDI in the Common Market for Eastern and Southern Africa (COMESA) growing by 14% to $22 billion, and inflows also rising in the Southern African Development Community (SADC) (quadrupled to $10 billion) and the West African Economic and Monetary Union (WEMU) (doubled to $5.2 billion). East African Community (up 9% to $3.8 billion).
According to the report, the largest increase in 2022 was in new field projects announced in energy and gas supply (to $120 billion from $24 billion in 2021), and the value of projects in construction and extractive industries rose to $24 billion and $21 billion, respectively, while the information and communication sector recorded the largest number of projects.
European investors remain by far the largest owners of FDI in Africa, led by the United Kingdom ($60 billion), France ($54 billion) and the Netherlands ($54 billion).

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

Gulf countries are major sources of FDI inflows to Egypt, investing in infrastructure and digital services.

Which sectors received the most foreign investment?

Egypt aims to increase FDI to $11.7 billion, focusing on clean energy and infrastructure.

The African Continental Free Trade Area (AfCFTA) aims to create a single market for 1.3 billion people.

Title:

Content: Global investors waiting to pour in money in Africa to firewall China

By IANS | Published: August 2, 2021 02:09 PM2021-08-02T14:09:05+5:302021-08-02T14:25:34+5:30

New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the ...

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New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the Covid-19, investors are once again warming up to the continent. According to the United Nations Conference on Trade and Development (UNCTAD), FDI flows into Africa declined by 16 per cent in 2020 to $40 billion, from $47 billion in 2019.

China, the primary investor in the continent, has also slowed down its investments into the continent leaving an opportunity for other investors.

While the UNCTAD projected FDI inflow into Africa to grow this year, it said that the slow vaccine roll-out programme is a cause for concern. According to UNCTAD, FDI to the continent is projected to grow by only 5 per cent in 2021. But analysts said Africa as an investment destination has led to "an unprecedented curiosity" among other countries, which are now aggressively looking to mute China's dominance in the continent.

"Africa is critical in the new geopolitical and geo-economic contours. The continent, with its vast natural resources, offers a ready growth platform," an analyst told India Narrative.

According to a study published by Brookings Institution last week, Africa is home to 17 per cent of the world population. However, by 2050, it will have 26 per cent of the global population 2.53 billion people. "If Africa is not successfully integrated into the global economy, there could be a major threat to global prosperity and stability," the study said, adding that by 2050, the continent will be home to an estimated $16.12 trillion of combined consumer and business spending.

The African Continental Free Trade Area (AfCFTA) – the mega trade could give a push to intra-continental investment.

Touted as one of the biggest trade deals in the world, the AfCTA aims to create a single market comprising 1.3 billion people with a combined GDP of about $3.4 trillion.

Meanwhile, the US may have woken up late in recognising the potential of Africa but is making all attempts to make up for the lost time.

The Group of Seven or G7 has already decided to support US President Joe Biden's proposal of carving out a mega infrastructure plan under the "Build Back Better World" (B3W) initiative, expected to bring in transparency and sustainability. Besides, the initiative will be carried out only in consultation with local communities.

The G7 in its meeting in June also announced that it will increase its support to the Indo Pacific and Africa. "We resolve to collaborate with partners around the world, including in the Indo-Pacific and Africa, to actively promote these shared values for the good of all," said the statement.

India too has pressed the pedal on investments in the region. Sources said that the still-born Asia Africa Growth Corridor—the mega infrastructure project that was launched in 2017 to connect Asia and Africa must be revived.

Carnegie Endowment for International Peace noted that Chinese financiers committed $153 billion to African public sector borrowers between 2000 and 2019. "After rapid growth in the 2000s, annual lending commitments to Africa peaked in 2013, the year the BRI was launched. By 2019, though, new Chinese loan commitments amounted to only $7 billion to the continent, down 30 percent from $9.9 billion in 2018," it said.

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By 2050, Africa's population will be 26% of the global total, with consumer spending projected to reach $16.12 trillion.

Title:

Content: Global investors waiting to pour in money in Africa to firewall China

By IANS | Published: August 2, 2021 02:09 PM2021-08-02T14:09:05+5:302021-08-02T14:25:34+5:30

New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the ...

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New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the Covid-19, investors are once again warming up to the continent. According to the United Nations Conference on Trade and Development (UNCTAD), FDI flows into Africa declined by 16 per cent in 2020 to $40 billion, from $47 billion in 2019.

China, the primary investor in the continent, has also slowed down its investments into the continent leaving an opportunity for other investors.

While the UNCTAD projected FDI inflow into Africa to grow this year, it said that the slow vaccine roll-out programme is a cause for concern. According to UNCTAD, FDI to the continent is projected to grow by only 5 per cent in 2021. But analysts said Africa as an investment destination has led to "an unprecedented curiosity" among other countries, which are now aggressively looking to mute China's dominance in the continent.

"Africa is critical in the new geopolitical and geo-economic contours. The continent, with its vast natural resources, offers a ready growth platform," an analyst told India Narrative.

According to a study published by Brookings Institution last week, Africa is home to 17 per cent of the world population. However, by 2050, it will have 26 per cent of the global population 2.53 billion people. "If Africa is not successfully integrated into the global economy, there could be a major threat to global prosperity and stability," the study said, adding that by 2050, the continent will be home to an estimated $16.12 trillion of combined consumer and business spending.

The African Continental Free Trade Area (AfCFTA) – the mega trade could give a push to intra-continental investment.

Touted as one of the biggest trade deals in the world, the AfCTA aims to create a single market comprising 1.3 billion people with a combined GDP of about $3.4 trillion.

Meanwhile, the US may have woken up late in recognising the potential of Africa but is making all attempts to make up for the lost time.

The Group of Seven or G7 has already decided to support US President Joe Biden's proposal of carving out a mega infrastructure plan under the "Build Back Better World" (B3W) initiative, expected to bring in transparency and sustainability. Besides, the initiative will be carried out only in consultation with local communities.

The G7 in its meeting in June also announced that it will increase its support to the Indo Pacific and Africa. "We resolve to collaborate with partners around the world, including in the Indo-Pacific and Africa, to actively promote these shared values for the good of all," said the statement.

India too has pressed the pedal on investments in the region. Sources said that the still-born Asia Africa Growth Corridor—the mega infrastructure project that was launched in 2017 to connect Asia and Africa must be revived.

Carnegie Endowment for International Peace noted that Chinese financiers committed $153 billion to African public sector borrowers between 2000 and 2019. "After rapid growth in the 2000s, annual lending commitments to Africa peaked in 2013, the year the BRI was launched. By 2019, though, new Chinese loan commitments amounted to only $7 billion to the continent, down 30 percent from $9.9 billion in 2018," it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Chinese financiers committed $153 billion to Africa's public sector from 2000-2019, with $7 billion in loans in 2019.

Title:

Content: Global investors waiting to pour in money in Africa to firewall China

By IANS | Published: August 2, 2021 02:09 PM2021-08-02T14:09:05+5:302021-08-02T14:25:34+5:30

New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the ...

Next

New Delhi, Aug 2: After a tepid inflow of foreign direct investments (FDI) into Africa in 2020 amid the Covid-19, investors are once again warming up to the continent. According to the United Nations Conference on Trade and Development (UNCTAD), FDI flows into Africa declined by 16 per cent in 2020 to $40 billion, from $47 billion in 2019.

China, the primary investor in the continent, has also slowed down its investments into the continent leaving an opportunity for other investors.

While the UNCTAD projected FDI inflow into Africa to grow this year, it said that the slow vaccine roll-out programme is a cause for concern. According to UNCTAD, FDI to the continent is projected to grow by only 5 per cent in 2021. But analysts said Africa as an investment destination has led to "an unprecedented curiosity" among other countries, which are now aggressively looking to mute China's dominance in the continent.

"Africa is critical in the new geopolitical and geo-economic contours. The continent, with its vast natural resources, offers a ready growth platform," an analyst told India Narrative.

According to a study published by Brookings Institution last week, Africa is home to 17 per cent of the world population. However, by 2050, it will have 26 per cent of the global population 2.53 billion people. "If Africa is not successfully integrated into the global economy, there could be a major threat to global prosperity and stability," the study said, adding that by 2050, the continent will be home to an estimated $16.12 trillion of combined consumer and business spending.

The African Continental Free Trade Area (AfCFTA) – the mega trade could give a push to intra-continental investment.

Touted as one of the biggest trade deals in the world, the AfCTA aims to create a single market comprising 1.3 billion people with a combined GDP of about $3.4 trillion.

Meanwhile, the US may have woken up late in recognising the potential of Africa but is making all attempts to make up for the lost time.

The Group of Seven or G7 has already decided to support US President Joe Biden's proposal of carving out a mega infrastructure plan under the "Build Back Better World" (B3W) initiative, expected to bring in transparency and sustainability. Besides, the initiative will be carried out only in consultation with local communities.

The G7 in its meeting in June also announced that it will increase its support to the Indo Pacific and Africa. "We resolve to collaborate with partners around the world, including in the Indo-Pacific and Africa, to actively promote these shared values for the good of all," said the statement.

India too has pressed the pedal on investments in the region. Sources said that the still-born Asia Africa Growth Corridor—the mega infrastructure project that was launched in 2017 to connect Asia and Africa must be revived.

Carnegie Endowment for International Peace noted that Chinese financiers committed $153 billion to African public sector borrowers between 2000 and 2019. "After rapid growth in the 2000s, annual lending commitments to Africa peaked in 2013, the year the BRI was launched. By 2019, though, new Chinese loan commitments amounted to only $7 billion to the continent, down 30 percent from $9.9 billion in 2018," it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Zambia's open trade environment and low taxes make it attractive for foreign investment, despite poor infrastructure.

Title:

Content: Part I: Attracting Foreign Investment into Africa may not come from the Sweet Stories we tell Foreigners

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By Edward Chisanga

I attended an Investment Forum in Utopia last week where Utopian countries had a rare opportunity to speak their minds out to foreigners who had attended in large numbers together with their Heads of State. The Master of ceremony began by introducing the private sector from rich countries present from France, UK, USA, Germany, Netherlands, and others from the EU membership before turning to the Utopian Heads of State and their groups.

What Foreign Investors Heard

Then he called upon one Utopian Head of State to speak on behalf of all the fifty-five African countries in attendance to list compelling factors that would captivate foreign investors from rich countries to go and invest in Africa.

The President began, “Africa is a huge piece of land, most of which is underutilized. All the countries that I represent here boast of huge land available for you investors. Come and invest in Africa, the continent of the future.” Then the President turned to one of the Presidents in his group and allowed him to speak about his country’s promotion of investment.

“Zambia has one of the most open trade environments in Africa and is a member of the Southern Africa Development Community (SADC) and the Common Markets for Eastern and Southern Africa (COMESA). Businesses in Zambia benefit from one of the lowest profit taxes in the region. Increasing regional cooperation through multilateral organisations, including SADC and the African Union should continue to reduce the likelihood of interstate conflict.” Then he highlighted ‘Some of the government incentives to FDI as:

  1. Dividends paid out on farming profits are exempt for the first five years of activity.
  2. Initial allowance of 10% on capital expenditure incurred on the construction or improvement of an industrial building is deductible.
  3. Foreign exchange losses of a capital nature incurred on borrowings used for the building and construction of an industrial or commercial building are tax deductible.
  4. Income earned by companies in the first year of listing on the Lusaka stock exchange qualifies for a 2% discount on the applicable company tax rate in the particular sector. However, companies with more than 1/3 of their shareholding in the hands of Zambians qualify for a 7% discount.
  5. Implements, machinery and plant used for farming, manufacturing or tourism qualify for wear and tear allowance of 50% of the cost per year in the first two years of activity.

He continued, “Investors who invest at least USD250,000 in any sector or product not provided for as a priority sector or product, is entitled to non-fiscal incentives such as investment guarantees and protection against state nationalization and protection against non-commercial risks (Zambia is a signatory of Multilateral Investment Guarantee Agency).”

Then the moderating African President turned to South Africa’s President and gave him the floor. President Cyril Ramaphosa was quick and went straight to the point by referring his audience to his weekly newsletter output, ‘From the Desk of the President,’ and repeated the points he recently made in the United Kingdom, “Government has a bold vision to be a destination of choice for foreign direct investment and this requires far-reaching reforms. These include reducing the cost of doing business for both large and small businesses, improving the quality of South Africa’s institutions, enhancing administrative efficiency and governance systems.”

When the turn of the Ethiopian Prime Minister came, he repeated what he had said at the 2019 Davos Meeting in Switzerland, “Investment in infrastructure has contributed a lot to the growth and attracted FDI, making Ethiopia one of the leading FDI destinations in Africa.”

Based on what the three African countries presented as their selling points to attract FDI, the President speaking on behalf of Africa retorted, “The three African countries that have just spoken present a strong representative basis for me to conclude that Africa is ripe and ready for FDI. “You have heard yourselves from the horses’ mouths,” He proudly said. “There’re similar incentives in Rwanda, Benin, Lesotho, Burkina Faso and all other countries. It’s time for you to come and invest in Africa.”

What Foreign Investors do not hear.

Despite the repeated sweet stories coming from African leaders, there’re equally important things that Foreign Investor don’t hear but that they are aware of.
About Zambia, an UNCTAD Investment Report reports, “Zambia’s infrastructure, whose poor quality is a barrier to investment, should be strengthened by investments in the road network, railways and the construction of power plants. In 2021, a USD 11 billion standard gauge railway project was announced in Zambia, involving US capital, which would expand essential transport links with the outside world. The regulatory environment does not favour entrepreneurial activity, the requirements for commercial licenses being long and costly, and the application of regulations not being uniform. In addition, the protection of property rights and the enforcement of contracts are still weak by international standards.”

As the author of this article is a Zambian living in Zambia, he is aware of the challenges coming the country’s energy sector. We have loadshedding in Zambia which Foreign Investors are aware of. They’re aware that the Mining sector, the country’s brain earner depends on use of energy, yet it is not exempted from malady of shortages. Equally, they know how much Zambia’s private sector suffers from energy shortage and its effect on business.

In South Africa, despite sweet stories, except only in 2021inward FDI flows have been declining significantly since 2010 as Figure 1 below shows. Even if this dwindling trend were to be attributed to other factors, the deteriorating energy situation in South Africa is playing a multiplier effect on FDI and the overall economy. Yet, South Africa like other African countries’ Heads of State turn a blind eye on the matter. As for many other things going unwell, they simply don’t tell the truth about the energy crisis.

In Ethiopia, Laments Omer Redi, “The crisis in the power supply has reached such a critical point that blackouts now occur every other day.” Fortune adds, “It is obvious that Ethiopia is now in such a serious power crisis that it has been forced to introduce load shedding.” There are other voices no longer silent. Said Kevin Daly of London based investment company, “Ethiopia is uninventable now. The political situation is very tenuous, and there is a lack of information and clarity on the economy, and on how things are going to be resolved.”

Concluding

Policy coherence is defined by the OECD as, “The systematic promotion of mutually reinforcing policy actions across government departments and agencies creating synergies towards achieving the agreed objectives.” The wonderful incentive packages must be complemented with other key inputs to build a whole.

For example, just as a motor vehicle cannot move smoothly if one key part falls off, you cannot attract adequate FDI with a list of incentives only when the energy sector, upon which industry depends is in crisis. Fix energy, infrastructure, human skills, corruption, rule of law, security, etc to arrive at a complete package of what attracts FDI. FDI goes to Asia because there’s no infrastructure, human capital, or energy crisis.

All these are well built. Asia also has bigger land than Africa. We cannot keep on using obsolete factors that are abandoned by others to attract FDI. It’s like always saying, “Come to Zambia and see the Victoria Falls.” Foreign Tourists now go to beautiful cities without dust, simply to visit, feel safe and talk to honest and humble citizens with Asians largely qualifying in almost all these. Our cities, including Livingstone, are not ripe for serious tourism that builds wealth.

Foreign Investors or tourists are not our uncles on whose shoulders we will simply cry and await their positive response. They will not come simply because we are democratic and shout that Zambia is ready for business. They are not cajoled by sympathy or simply because Zambia’s leadership change occurs smoothly. They have not come since change from Kaunda to Chiluba or Chiluba to Banda or Banda to Sata which were all peaceful and democratic. We must understand what their needs are. If we don’t provide, they’ll go to Asia.

South Africa's inward FDI flows have declined since 2010, but the country aims to improve the business environment.

Africa needs $40-70 billion annually for energy, with projects like bp's GTA facility in Senegal and Mauritania.

Title:

Content: Global investment in upstream oil and gas is set to reach $570 billion in 2024, showing a 7% rise compared to 2023 expenditure. Of this, 33% is expected to be directed towards frontier fields, presenting a strategic opportunity for undeveloped oil and gas markets in Africa. With lack of investment representing one of the biggest challenges to project development across the continent, the African Energy Chamber (AEC) (www.EnergyChamber.org) will host a networking reception on July 11 in London – Europe’s financial capital. Taking place at the Four Seasons Hotel London at Park Lane from 17:00 to 21:00, the reception bridges the gap between European financiers and African energy projects, promoting synergies, deals and future collaborations.

Despite holding some of the largest untapped oil and gas resources worldwide, Africa is faced with an energy crisis, with 600 million people currently living without access to electricity and 900 million people without access to clean cooking solutions. The African Development Bank estimates that to address this crisis, the continent requires between $40 billion and $70 billion in annual investment. Presently, Africa receives on average $35 billion in global financing for fossil fuels and clean energy projects, with merely 5% of global energy investment directed towards the continent. This showcases a clear investment gap and a strategic opportunity for European funders and project developers.

With over 125 billion barrels of proven crude oil, 620 trillion cubic feet of natural gas and abundant opportunities in solar, wind and geothermal, Africa continues to attract investment from some of the world’s biggest players. The continent’s greenfield upstream spending, for example, is projected to reach $37 billion by 2025 and $50 billion by 2050, with companies eager to unlock the full potential of undeveloped oil and gas. Specifically, a strong slate of London-based oil and gas firms are driving a wave of project developments across the continent.

These include energy major bp, who is developing Senegal and Mauritania’s inaugural LNG project – the Greater Tortue Ahmeyim (GTA) facility – and Mozambique’s Coral Sul FLNG project. GTA is on track for first production in 2024 while bp delivered first gas from Coral Sul in 2022, marking the first LNG cargo for the country. Additionally, energy major Shell is making strides towards opening up the Orange Basin in Namibia. The company’s Graff-1 discovery in 2022 was play-opening and Shell has made an additional five discoveries since then. The company is investing 25% of its deepwater exploration budget in the country this year.

Additionally, independent hydrocarbon producer Perenco inaugurated the $50 million Batanga LPG plant in 2023 and is developing the $1 billion Cap Lopez LNG terminal in Gabon. The company is also investing in shallow-water and marginal assets across the continent, acquiring Eni’s core assets in the Republic of the Congo in June 2023 for $300 million. Oil and gas company Tullow Oil anticipated commercial oil production in Kenya in 2028 while transitional energy company Chariot oil and gas recently signed a gas commercialization agreement with Vivo Energy in Morocco. These developments – all led by London-based companies – represent just some of the many underway across the continent.

The AEC Reception builds on these deals to promote new investment in African energy. Taking place in London – both Europe’s financial capital and its biggest stock market – the reception is all about connecting companies to opportunities. The total value of companies listed on the London Stock Market reached $2.18 trillion in June 2024, highlighting a commercial and strategic opportunity for the reception and African energy projects.

The AEC London Reception takes place ahead of the continent’s largest energy event, the African Energy Week (AEW): Invest in African Energy conference, scheduled for November 4-8 in Cape Town. Under a mandate to make energy poverty history by 2030, the event unites global investors and technology providers with African energy projects, with discussions tailored around unlocking high returns and generating mutually beneficial opportunities. Participants at the AEC’s London Reception have the chance to gain exclusive insight into AEW: Invest in African Energy 2024 while engaging with a suite of African stakeholders.

This year’s AEW: Invest in African Energy will host the African Energy Finance Summit – a platform that galvanizes financial support for African energy projects, while promoting deal-signing and partnerships. Hosted in partnership with multilateral financial institution the African Export-Import Bank and global market intelligence firm S&P Global Commodity Insights, the summit brings capital to Africa with the aim of making energy poverty history by 2030.

Don’t miss the chance to be at the forefront of Africa’s energy transformation. Register for the AEC’s London Reception at https://apo-opa.co/3KUx0qt or contact register@aecweek.com.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Distributed by APO Group on behalf of African Energy Chamber.

Shell and Perenco are investing in Namibia and the Batanga LPG plant, respectively.

Perenco and Tullow Oil are developing projects in Gabon and Kenya, with the latter expecting oil production by 2028.

Chariot signed a gas deal in Morocco as Africa's upstream spending is expected to reach $37 billion by 2025.

bp's GTA facility is expected to start production in 2024, and Perenco has acquired Eni's assets in Congo for $300 million.

The G7 has launched a $600 billion Partnership for Global Infrastructure and Investment to fund African infrastructure projects.

Title:

Content: Africa Business World

Impact of G7’s multi-billion dollar plan on Africa’s infrastructure gap

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In late June 2022, it was announced at the G7 Summit in Germany that a USD 600 billion lending initiative, the Partnership for Global Infrastructure Initiative (PGII), would be launched to fund infrastructure projects in the developing world, with a particular focus on Africa.

The G7 countries – Canada, France, Germany, Italy, Japan, the United Kingdom (UK) and the United States (US) – explained the PGII would help address the infrastructure gap in developing countries.

The US

The US has recently renewed its focus on impact-building and financing strategic, long-term infrastructure projects in Africa, with the Export-Import Bank of the United States (EXIM) supporting infrastructure development on the continent. According to a 2020 report by McKinsey and Company – Solving Africa’s infrastructure paradox – the US accounts for 38% of global investors who have an appetite for African investment, by far the most of any country.

In 2021, the US launched a refreshed “Prosper Africa initiative”, focusing on improving reciprocal trade and investments that create jobs and build infrastructure between the two regions. In 2022, the US announced it would mobilise USD 200 billion over the next five years as part of the PGII, in the form of grants, financing and private sector investments. Some deals have already been announced, including, for example, a USD 2 billion solar energy project in Angola, and the building of multiple hospitals in Côte d’Ivoire.

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The EU

In February 2022, the European Commission announced investment funding for Africa worth EUR 150 billion. The funding package is part of the EU Global Gateway Investment Scheme and is said to be in the form of EU combined member funds, member state investments and capital from investment banks.

In early 2020, the European Commission published its Comprehensive Strategy with Africa, outlining the region’s plans for its new, stronger relationship with the continent. The strategy document laid out five top priorities for the EU in Africa: the green transition and improving access to energy; digital transformation; sustainable growth and jobs; peace and governance; and migration and mobility.

The UK

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The UK is also making a strong play for influence, investment and trade with Africa, post-Brexit. Further to key summits in 2020 and 2021, finance is being redirected into Africa from the UK. In 2022, UK development finance institution (DFI), British International Investment (formerly CDC Group), announced it had exceeded its pledge to invest GBP 2 billion in Africa over the last two years.

The UK’s Global Infrastructure Programme helps partner countries (including in the African continent) to build capacity to develop major infrastructure projects, setting up infrastructure projects for success and paving the way for UK companies to support these projects.

Further, in November 2021, it was announced that the governments of South Africa, France, Germany, the United Kingdom and the United States of America, along with the European Union, were in negotiations to form a long-term Just Energy Transition Partnership.

The partnership focuses on boosting the decarbonisation of the South African economy, with a commitment of USD 8.5 billion for first round financing. It is expected that 1-1.5 gigatonnes of emissions will be prevented over the next 20 years, assisting South Africa to accelerate its just transition. Discussions are also currently taking place to establish a similar partnership in Senegal.

African solutions

The African Development Bank noted in early 2022 that Africa’s infrastructure investment gap is estimated at more than USD 100 billion per year.

DFIs are increasingly anchoring the infrastructure ecosystem in Africa – serving a critical function for project finance as investment facilitator and a check on capital. DFIs can shoulder political risk and access government protections in a way that others cannot, enter markets others cannot and are uniquely capable of facilitating long-term lending.

The large amount of capital needed to fill the infrastructure gap, however, means that DFIs cannot bridge it alone. Private equity, local and regional banks, debt finance and specialist infrastructure funds are primed to enter the market, and multi-finance and blended solutions are expected to grow in popularity as a way to de-risk deals.

The African Union’s 55 member states have stated that their primary funding needs include support in terms of safety and security on the continent, as well help in implementing the African Continental Free Trade Agreement (AfCFTA) and the massive infrastructure investment it needs to be successful.

The development of supporting infrastructure is key to boosting AfCFTA’s free trade potential, especially in terms of transportation, energy provision, internet access and data services, education and healthcare infrastructure projects.

Infrastructure projects in Africa now also have a heightened focus on improving Africa’s capacity for green, low-carbon and sustainable development, via, for example, clean energy, community healthcare and support, green transport, sustainable water, wildlife protection and low-carbon development projects.

Funding such projects comes with responsibility –  projects must not only be bankable and yield attractive returns, but must also be sustainable and provide tangible benefits to local economies and communities. All of Africa’s major partners have noted they will prioritise projects that commit to Environmental, Social and Governance principles, and access to capital for large infrastructure projects is likely to contain sustainability requirements.

That the focus of the PGII is on the sustainability and the social impact of these projects in Africa is further evidenced in the White House briefing room statement issued at the launch in June 2022, where it was stated that the PGII will “mobilize hundreds of billions of dollars and deliver quality, sustainable infrastructure that makes a difference in people’s lives around the world…”

Author: Michael Foundethakis, Baker McKenzie’s Global Head of Projects and Trade & Export Finance, and Africa Steering Committee Chair

Sourced from Africa Feeds

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Korea has agreed to launch a bilateral dialogue on critical minerals with Africa and signed a Trade and Investment Promotion Framework with eight African countries.

Title:

Content: Korea, Africa set the stage for shared growth, sustainability

President Yoon vows to dial up trade and investment, shrink economic distance with African nations

By Park Han-na

Published : June 5, 2024 - 16:01

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South Korean President Yoon Suk Yeol (second from left) and Mauritanian President Mohamed Ould Ghazouani (left), chairperson of the African Union, attend during the 2024 Korea-Africa Business Summit at Lotte Hotel in Seoul on Wednesday. (Yonhap)

Business leaders and government officials from South Korea and African nations gathered to fortify practical cooperation involving complementary skills and resources to enrich their decadeslong friendship.

Some 400 people took part in the 2024 Korea-Africa Business Summit in Seoul on Wednesday on the sidelines of the Korea-Africa Summit being attended by delegations from 48 African nations, including 25 heads of state.

Under the theme “The future we make together: Shared growth, sustainability and solidarity,” the event served as an arena for bolstering potential business partnerships between firms from the two sides.

President Yoon Suk Yeol touted Africa’s population of over 1.4 billion, abundant reserves of natural resources and African nations’ desire for economic development that drives their economies to move forward.

“In the face of complex global crises, mutual solidarity and cooperation have become more important than ever. As global supply chain uncertainty increases due to geopolitical risks, Africa's role is receiving great attention,” Yoon said in his keynote speech.

He added that he hoped to boost resource cooperation with African nations by forging partnerships for critical minerals and through the Minerals Security Partnership, a US-led partnership to secure the supply chains of critical minerals. Korea is one of 15 MSP members. None of the African countries has joined the initiative.

On Tuesday, Korea and African nations agreed to launch a bilateral dialogue on critical minerals needed for the development of future industries such as electric vehicles, batteries and renewable energy.

To increase the scale of trade and investment between the two sides, institutional frameworks will be strengthened by signing Economic Partnership Agreements and Trade and Investment Promotion Frameworks to support companies’ active business engagement, he said.

Tanzania declared it would open talks on an EPA with Korea while Morocco agreed on an EPA negotiation system to bring about comprehensive cooperation including in areas of supply chains, digital and green economy and market opening. Eight countries, including Ghana, Malawi, Ivory Coast and Zimbabwe, signed a nonbinding TIPE to establish a customized economic cooperation platform. Unlike a free trade agreement, it seeks to deepen practical industrial relations, excluding tariff negotiations.

The president expressed gratitude for the entrepreneurial spirit of businesspeople, which has become a valuable foundation for the Korea-Africa partnership since Korea established diplomatic ties with six African countries in 1961.

Korea's current trade with Africa accounts for just 1.9 percent of the nation's total trade, which the Korean government intends to boost with the signing of a total of 47 agreements and 34 memorandums of understanding with 23 African nations on energy, mineral mining, manufacturing and infrastructure on the occasion of the African delegation’s visit.

Mohamed Ould Ghazouani, chair of the African Union and president of Mauritania, said Korea can be the ideal strategic partner for investments and partnerships that capitalize on Africa's vast opportunities.

“Africa looks forward to strengthening its relationship with Korea in key areas and welcomes initiatives aimed at supporting infrastructure development in Africa, promoting trade, encouraging investment, combating climate change and promoting sustainable development,” he said.

The Mauritania president selected the agricultural sector and digital economy as areas where Korean companies could seize opportunities when entering the African market.

The event consisted of four sessions, encompassing industrialization and investment revitalization, ways to increase trade and job creation, strengthening food and core mineral security and decarbonization and responding to climate change in Korea and Africa.

During his opening remarks, Yoon Jin-sik, chair of the Korea International Trade Association, a key trade organization and the event's co-host, said that Korea and Africa have reached “the optimal time to grow together through mutual cooperation.”

As global demand concerning carbon neutrality and the climate crisis response grow, Africa has the potential to lead the green hydrogen market based on its abundant renewable energy, he said. “Korea will be able to materialize sustainable development together with Africa based on its experience in power and energy investment.”

Attendees from the African side include: Ivory Coast President Alassane Ouattara, Central African Republic President Faustin-Archange Touadera, Ghanaian President Nana Akufo-Addo, Botswana President Mokgweetsi Masisi, Madagascar's President Andry Rajoelina and Guinea-Bissau President Umaro Sissoco Embalo.

From the Korean side, Industry Minister Ahn Duk-Geun, Hyundai Motor Group Executive Chair Chung Euisun, Lotte Group Chairman Shin Dong-bin and Poongsan Group Chairman Ryu Jin, who doubles as the head of the Federation of Korean Industries, participated in the event.

During the two-day inaugural Korea-Africa Summit, the Korean government pledged to expand its official development assistance to $10 billion through 2030 as a catalyst for projects for cooperation with African nations. It also promised to provide $14 billion of export financing to help Korean firms boost trade and investment activities in the African market.

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Korea has pledged $10 billion in aid and $14 billion in export financing to Africa through 2030.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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The UAE is seeking investment in African infrastructure and energy, and has discussed trade with 21 COMESA member countries.

Title:

Content: 00: 00
Expo 2020 Dubai Today
UAE seeks to boost investment flow with African countries at Expo 2020
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a series of meetings with ministers, officials and businessmen from African countries to discuss ways to stimulate trade and investment flows between the UAE and the continent.
During the meetings, Dr. Al Zeyoudi reviewed the economic opportunities and potential of the UAE-Africa partnership in sectors such as renewable energy, agriculture, minerals and logistics.
During the meetings, Dr. Al Zeyoudi briefed the ministers on the developments in the UAE ’ s economic environment during the past phase, including the 50 projects, new economic legislations and qualitative initiatives launched by the UAE to shift to a new economic model based on knowledge and characterized by flexibility, competitiveness and sustainability.
In his meeting with Dr. Chilichi Kabuibwe, Secretary General of the Common Market for Eastern and Southern Africa (COMESA), Al-Zeyoudi pointed to opportunities to increase the current volume of trade exchange between the UAE and the 21 African member countries of COMESA through greater cooperation in areas such as logistics and advanced technology.
In his meeting with H.E. Ntabazi Harriet, Minister of State for Trade of the Republic of Uganda, Thani Al Zeyoudi focused on investment opportunities in agriculture, minerals and retail sectors, and discussed the possibility of investing in irrigation systems and agricultural technology that can enhance the production of key crops such as coffee, cocoa, tea, cotton and flowers.
In a related context, the renewable energy sector, specifically green hydrogen, was the main focus of the discussions that took place during her meeting with Her Excellency Naha Bint Hamdi Ould Meknes, Minister of Trade, Industry, Handicrafts and Tourism of Mauritania, and Her Excellency Lucia Ibombo, Minister of Manufacturing and Trade of Namibia. for production.
H.E. Al Zeyoudi also held constructive talks with H.E. Sikai Nzinza, Minister of Industry and Trade of Zimbabwe; H.E. Carlos Alberto Fortis Mesquita, Minister of Industry and Trade of Mozambique; H.E. Maween Diggs, Minister of Trade and Industry of Liberia; H.E. Thabiso Paul, Minister of Trade and Industry of Lesotho; H.E. Edward Henga Sande, Minister of Trade and Industry of Sierra Leone; H.E. Ndir Nigel Hahel Mead Hassan, Minister of Finance, Economic Planning and Trade of Seychelles, David Osiani, Secretary General of the Ministry of Industrialization, Trade and Enterprise Development of Kenya, and Admaso Tadesse, President of the Trade and Development Bank of Kenya.
H.E. Dr. Thani Al Zeyoudi stressed that Africa is one of the most attractive markets in the world for foreign direct investment, as it enjoys huge investment opportunities in vital and strategic sectors for the UAE such as renewable energy, agriculture and logistics.
He added: “The UAE seeks to strengthen economic, trade and investment cooperation with the African continent, especially as there are common visions between the two sides to achieve sustainable development through future-oriented projects such as green hydrogen, renewable energy and the deployment of agricultural technology solutions, which was highlighted during joint meetings with ministers and senior officials. ”
Al Zeyoudi said: “The UAE continues to implement its ambitious plans to establish itself as a key global gateway for regional and global trade and investment flows. The UAE also provides opportunities for African exporters to access new markets, thanks to its advanced infrastructure linking the country through ports and airports to more than 400 cities around the world, as well as the legislative and regulatory environment that stimulates business and investments. ”
Al-Zeyoudi expressed his aspiration to continue meetings and discussions with ministers and senior officials from African countries to bring trade and investment relations between the UAE and African countries to new heights of growth and prosperity.
His Excellency Thani Al Zeyoudi ’ s series of meetings with ministers and senior officials from Africa are part of the UAE ’ s efforts to expand trade relations with the world, as part of the UAE ’ s ambitious strategy for the next 50 years to build a more dynamic and competitive knowledge-based economy.
Talks have been announced in recent weeks to reach a comprehensive economic partnership agreement between the UAE and Indonesia and India, and a joint statement of intent between the UAE and South Korea on a comprehensive economic partnership agreement between the two countries was announced on Sunday.
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The UAE is focusing on green hydrogen production in Mauritania and Namibia to strengthen economic ties with Africa.

Around 100 French companies operate in Nigeria, employing over 10,000 people, across sectors like agriculture, energy, and technology.

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French Foreign Trade Minister Olivier Becht gives an interview in Dubai on 13 July 2023   -
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Several agreements in principle were signed Thursday in Lagos between Nigerian and French companies, in the sectors of agriculture, energy and technological innovation, marking France's desire to strengthen its investments in Nigeria while its military presence is compromised on the continent.

Visiting for two days in the economic capital of the most populous country in Africa, the Minister Delegate in charge of French foreign trade, Olivier Becht, accompanied by around ten French companies, participated in an economic summit between France and Nigeria and notably supervised the signing of these agreements.

“Nigeria is a key partner for France”, its “first commercial partner in sub-Saharan Africa” and “around a hundred French companies” are present there which employ “more than 10,000 people in the country”, he said. he hammered before announcing Nigeria's presence for the first time at the Paris International Agricultural Show next February.

Five partnership agreements with the companies Compagnie Fruitière/Raedial Holdings, Danone/Koolbok s, Echosys/Rensource and Watt Renewables, and Bpifrance/Access Bank , were signed Thursday in the sectors of agriculture, energy and 'technological innovation.

“Nigeria is a country that has potential, especially since the promise of openness from the current government,” explained to AFP Didier Mas, technical director for Africa at Compagnie Fruitière, mainly present in French-speaking Africa, which hopes to expand. partner with Readial Holdings to grow bananas in Cross River State, in the south of the country.

Bpifrance, for its part, signed a “letter of intent” with Access Bank to develop their respective activities in France and Nigeria.

“Bpifrance caught our attention because it has a great influence in the financial sector,” Michael Wenegieme, head of the France department at Access Bank, told AFP.

Olivier Becht is the third French representative to visit Nigeria since President Ahmed Bola Tinubu came to power in May. This visit closely follows that of Catherine Colonna, French Minister of Foreign Affairs, in Abuja, the political capital, on November 3.

The day before his departure, Olivier Becht told AFP that "contrary to what some media, and particularly social networks, convey, France is absolutely not driven out of Africa and we are not at all in decline."

While the French army was forced to withdraw from Niger, Mali and Burkina Faso, Paris wants to consolidate its presence in Africa thanks to its economic weight and counter the influence of China and Russia on the continent.

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Egypt has adopted public-private partnership initiatives and launched a company to guarantee export risks to the continent.

Title:

Content: Economy and Markets
Minister of Commerce: The private sector is a key partner for governments in the implementation of economic reform plans
Jamea stressed that the Egyptian initiative "A decent life" is a model to be emulated to contribute positively to the improvement of the lifestyle of the African citizen
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Minister of Trade and Industry Nevin Gamaa stressed Egypt ’ s keenness to activate the role of the private sector as a key partner of the government in implementing economic reform plans and achieving targeted development rates, which contributes to the Egyptian economy ’ s position on the map of the global economy.
This came during the Minister ’ s participation in the session “Harmonizing the Interests of the Government and the Private Sector to Promote Intra-African Trade and Investment ” held on the sidelines of the second edition of the African Intra-African Trade Fair, which is currently being held in Durban, South Africa.
The meeting was attended by the presidents of a number of African countries, including South Africa, Zambia, Malawi, Zimbabwe and Nigeria, as well as the Vice President of Tanzania and the Prime Minister of Rwanda. Pamela Hamilton, Executive Director of the International Trade Centre, Ambassador Albert Muchanga, Commissioner of the African Union for Trade and Industry, Eng. Hani Sanbel, President of the International Islamic Trade Finance Corporation, Aliko Dangote, President of Dangote, Will Tenobo, CEO of Owando plc, Roberto Ferreira, CEO of Motta Angel, and Akin Dada, CEO of the Investment Bank Group The session was moderated by Mark Edo, President of Mark Edo Media.
It was also attended by 41 Egyptian companies.
The Minister of Industry participates in the second session of the African Intra-Trade Fair
The minister said that it is necessary to find successful partnerships between the public and private sectors that provide the real political will and the necessary legislative and legal framework, to create a favorable working environment, eliminate bureaucracy, enjoy the state strong institutions and adopt the principles of governance, as well as qualified technical cadres.
Gamea explained that Egypt has adopted many initiatives during the past years that have provided a model for positive contribution in the African continent, most notably the initiative adopted by President Sisi, which is considered the largest initiative in Egyptian history to change rural villages for the better and make a qualitative leap in the lives of citizens in the villages and centers most in need from all economic, social, environmental and health aspects.
The initiative aims to transform the lives of 60 million Egyptians, noting that the appropriate sectors for public-private partnerships include infrastructure such as water, sanitation, energy, contracting, transport, communications, health care and education, which allow for better distribution of risks between public and private actors to reduce poverty and achieve sustainable prosperity, achieve the Sustainable Development Goals and address the effects of climate change.
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The minister pointed out that the agricultural sector is one of the most important sectors in which the African continent is characterized by great comparative advantages, namely the fertility of the land and its vast areas, as well as the availability of fresh water needed from rivers and rain, in addition to the huge livestock resources.
The banking sector, represented by commercial banks and development banks, plays an important role in establishing public-private partnerships by providing a wide range of expertise, tools and services, from policy advice for regulatory and institutional reforms to supporting final transactions, including a portfolio of billions of loans, investments and guarantees. dollars, along with analytical and advisory activities and the ability to make partnerships.
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Jammeh pointed to the importance of the pivotal role of the private sector in policy discussions aimed at creating favorable work environments through official channels of communication with the state represented by trade unions, business unions and various groupings, taking into account the contribution of the private sector in expressing opinion in all legislations and laws issued to improve the work environment and create a stimulating environment for the activity and role of the private sector and its development role.
The minister reviewed the measures taken by Egypt to enhance the participation of the private sector in development as a major contributor to development efforts, as well as enhancing its role in achieving integration with continental countries through launching a company to guarantee the risks of exports to the continent, among the steps taken to activate the Cairo Cape Town Road, which contributes to accelerating the pace of public-private partnerships to help stimulate and support the African Continental Free Trade Area.
The Egyptian delegation participating in the dialogue session included Ahmed El Fadly, Egyptian Ambassador to South Africa and Commercial Advisor Ragi Adly, head of the Egyptian Commercial Office in South Africa.
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The Cairo-Cape Town Road aims to accelerate public-private partnerships and development efforts.

British International Investment has invested $60 billion in Africa, targeting renewable power, digital infrastructure, and women-owned businesses.

Title:

Content: British International Investment Plc (BII) aims to invest $60 billion in Africa over the coming five years, Bloomberg reported on July 27th.

The investments will be made in several fields including renewable power and digital infrastructure, along with supporting women-owned businesses.

BII will pay attention to the powerhouse markets in Ethiopia, Kenya, Nigeria, and Egypt, with the investments being focused on the private sector.

The support plan, which is a part of a global program worth $10 billion, covers a $76 million contribution to a $500 million fund being arranged by Old Mutual Ltd’s African Infrastructure Investment Managers.

For his part, BII’s CEO Nick O’Donohoe said in an interview that his fully-owned company by the UK has been a major investor in power, particularly renewable energy, in Africa over the past three or four years.

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What trends are emerging for African startups in 2022?

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

The investment firm has contributed $76 million to the African Infrastructure Investment Managers fund and arranged a $500 million fund with Old Mutual Ltd.

Title:

Content: British International Investment Plc (BII) aims to invest $60 billion in Africa over the coming five years, Bloomberg reported on July 27th.

The investments will be made in several fields including renewable power and digital infrastructure, along with supporting women-owned businesses.

BII will pay attention to the powerhouse markets in Ethiopia, Kenya, Nigeria, and Egypt, with the investments being focused on the private sector.

The support plan, which is a part of a global program worth $10 billion, covers a $76 million contribution to a $500 million fund being arranged by Old Mutual Ltd’s African Infrastructure Investment Managers.

For his part, BII’s CEO Nick O’Donohoe said in an interview that his fully-owned company by the UK has been a major investor in power, particularly renewable energy, in Africa over the past three or four years.

Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

What trends are emerging for African startups in 2022?

ZCG and NSIA have formed a partnership for sustainable infrastructure investments in Africa.

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Content: -- >
Wednesday, 22 November 2023 03: 06 GMT
ZCG and Nigeria Sovereign Investment Authority Announce Strategic Partnership
(MENAFN- AETOSWire) (BUSINESS WIRE) --Z Capital Group ("ZCG"), a leading private market asset management firm, and Nigeria Sovereign Investment Authority ("NSIA"), the body responsible for managing Nigeria's sovereign wealth fund, today announced a representative partnership in a joint venture to create a fund focused on infrastructure investments in Africa. signed a memorandum of understanding.
This strategic collaboration provides the opportunity to take advantage of the unique economic and financial opportunities currently thriving within the African continent.
Against the backdrop of Africa ’ s rapid economic development and growth, coupled with a growing population and increasing global influence, the partnership between ZCG and NSIA is poised to capitalise on the continent ’ s promising investment landscape.
NSIA brings in-depth expertise across key sectors, with a proven track record in implementing large-scale infrastructure projects in Africa through stakeholder relationships, relevant market insights, and strong pipelines for investment opportunities.
ZCG offers vital complementary capabilities to support the success of this strategic partnership through its strong asset management expertise and ability to implement a three-pronged investment approach across private equity, mergers and acquisitions, ZCG ’ s internal consulting partners, and innovative technology solutions.
This MoU indicates the commitment of both ZCG and NSIA to collaborate and combine strengths, contributing to the development of critical infrastructure projects across the African continent.
The joint venture will leverage each party ’ s unique capabilities and resources to meet the growing demand for sustainable and innovative infrastructure solutions within the continent.
Key points of the MOU include:
Strategic Partnership: The MoU establishes a strategic partnership between ZCG and NSIA, facilitating collaborative efforts in identifying, developing and implementing infrastructure projects in Africa.
The two parties share a common vision to contribute to the economic growth and social development of African economies through investments in critical infrastructure projects.
In line with NSIA ’ s core mission, the partnership aims to contribute to sustainable economic growth, foster innovation, and address key development challenges across the African continent.
Integration of expertise: The joint venture will benefit from the complementary expertise of NSIA and ZCG, combining technical expertise, project management skills and a deep understanding of the local context to deliver successful infrastructure solutions.
Commitment to Investment: Under this MoU, ZCG and NSIA will seek equity, debt and other blended financial instruments to invest in various sectors, including, but not limited to, healthcare, renewable energy, mobility, logistics, energy transition, climate adaptation infrastructure, digital and social infrastructure, climate-smart agriculture and green manufacturing.
Sustainable development: The joint venture will prioritize environmentally sustainable and socially responsible practices, in line with global standards and best practices to ensure long-term benefits.
ZCG and NSIA will pursue projects that achieve a scalable social and economic impact in Africa, while delivering attractive investment returns and diversification opportunities.
James Zenni, Founder, President and CEO of ZCG, said: “We are delighted to expand our long-standing relationship with NSIA through this unique partnership that will support our shared investment, social and economic goals. ”
“Given Africa ’ s rapid population expansion and growing cultural and political impact on a global scale, we see many attractive infrastructure investment opportunities across the continent.
We look forward to combining our investment, consulting and technology expertise with NSIA ’ s deep expertise in managing large-scale infrastructure projects across multiple sectors as well as pivotal relationships with stakeholders to identify and invest in assets that further drive economic development across the continent. ”
Amin Omar Sadik, Managing Director and Chief Executive Officer of NSIA, said: “NSIA is pleased to partner with ZCG on this joint venture that will enable us to pursue compelling investment opportunities in Africa. ”
“ZCG shares our vision to promote sustained economic growth and innovation across Africa.
ZCG also shares our focus on investments in climate adaptation infrastructure to meet the needs of current and future generations of Africans.
Together with ZCG, we can deepen existing investments to continue supporting Africans and play a leading role in driving sustainable social and economic development across Africa. ”
The partnership between ZCG and NSI represents an important step towards sustainable and impactful infrastructure investments in Africa, reflecting a shared commitment to economic development, innovation and climate resilience in the region.
This collaboration marks a pivotal moment showcasing NSIA as a preferred partner in leveraging opportunities aligned with the African continent ’ s momentum and upward trajectory in the global economic arena.
About ZCG
ZCG is a leading privately owned commercial bank consisting of private market asset management, business advisory services, technology development and solutions.
For nearly 30 years, ZCG managers have demonstrated acumen and solid experience in private equity, debt and credit.
ZCG has nearly $7 billion in assets under management in asset management, and its investors are among the largest and most sophisticated global institutional investors including pension funds, endowments, foundations, sovereign wealth funds, central banks and insurance companies.
ZCG has a global team of more than 400 professionals.
For more information, please visit.
About NSIA
Nigeria Sovereign Investment Authority is an investment institution of the Federal Republic of Nigeria, established under the Nigerian Sovereign Wealth Act (Incorporation Act 2011), to manage and invest in a diversified portfolio of medium and long term funds.
Its mission is to play a leading role in advancing sustainable economic development for the benefit of all Nigerians by building a savings base for the Nigerian people, promoting infrastructure development in Nigeria, and providing support for stabilization in times of economic stress.
NSIA manages three distinct funds, namely the Stabilization Fund, the Future Generation Fund, and the Nigerian Infrastructure Fund.
For more information, please visit.
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The partnership will invest in healthcare, renewable energy, and logistics, prioritizing sustainability and social responsibility.

Orascom Construction and Hassan Allam Holding Group have partnered with international financial institutions, with the latter increasing its business volume by 700%.

Title:

Content: Money and Business
Private sector calls for strengthening partnership with international institutions to implement sustainable development goals
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The closing session of the first day of the ICF Egypt 2021, launched by the Ministry of International Cooperation under the auspices of President Abdel Fattah al-Sisi, witnessed the participation of large private sector companies and international financial institutions to discuss how to strengthen comprehensive and effective partnerships between the private sector and international institutions to implement the development goals.
The participants in the session, moderated by Lubna Bouzda, editor-in-chief of the Economy Department at Sky News Arabia, stressed that what happened in Egypt over the past years represents a great achievement in all sectors, and that the strength of the national economy encourages financial institutions to participate with the Egyptian private sector in many projects.
The session was organized under the theme “Dialogue with the Private Sector – Towards Inclusive and Effective Partnerships ” to discuss the mechanisms of cooperation between the private sector and international financial institutions and its impact on sustainable development.
The session aims to highlight the importance of the contributions of private sector companies to development and explore partnerships with international financial institutions.
ORASCOM CONSTRUCTION: IFIs are key partners in financing our projects
Ossama Beshay, CEO of Orascom Construction, said, “International financial institutions are a key partner in all our business because it has not been easy to secure these large amounts needed by these development projects, stressing that the strength of the Egyptian economy pushes international institutions to increase their investments with the private sector. ”
He pointed out that the private sector has the potential to negotiate with international financial institutions to obtain the necessary funding for its projects, especially infrastructure projects, given their importance for a country of 100 million people.
He also stressed the importance of supporting small and medium enterprises, especially since all successful international experiences began with these projects, pointing out that the agricultural sector is an integral part of the sustainable development plan, especially as the per capita water supply is 600 cubic meters, which is a very low percentage that requires the application of smart agriculture systems.
Hassan Allam: Our relations with international financial institutions have enabled us to increase the volume of business and investments
Hassan Allam, Chairman of Hassan Allam Holding Group, said that our relationship with financial institutions is very strong and we have resorted to these institutions for five years to increase our capital, especially since our company is more than 85 years old and has increased our business volume by more than 700%.
Al-Suwaidi: International financial institutions demand more support for the private sector, which is a key partner in development
For his part, Eng. Ahmed Al Suwaidi, Chairman of Al Suwaidi Electric, said that what has happened in Egypt over the past years in all sectors is a great achievement, as more than 24 universities have been built and many development projects have been established in all sectors with the participation of the private sector with the presence of funding institutions that finance these projects.
Al-Suwaidi thanked the European Bank for Reconstruction and Development (EBRD), which is financing the training center of his company, pointing out that most financing institutions accept to finance government projects without private sector projects, in addition to that there is difficulty in obtaining funding in most African countries.
EBRD: Private sector has huge opportunities to increase the volume of its business in Egypt, especially in the field of green investments
Heike Harmgart, Managing Director of the Southern and Eastern Mediterranean Region at the European Bank for Reconstruction, said that there are huge opportunities for the private sector to cooperate between us and the private sector as well as cooperation between the private sector and the government in achieving development.
She pointed out that green investment is the basis of development as Egypt has tremendous opportunities in the field of new and renewable energy as well as desalination using solar power plants, which is in line with the Sustainable Development Goals.
The House of Representatives: The strength of industry can not be strengthened without the development of small and medium enterprises
For his part, Sherif El-Gabali, Chairman of the Committee on African Affairs in the House of Representatives, said that a strong industrial base can only be obtained with the presence of small and medium enterprises, so we need a clear road map for the development of this sector, in addition to the need for financial resources for training and technical support to allow access to new technologies.
AfDB: Infrastructure development boosts competitiveness in Africa and ready for any cooperation with the private sector
Solomon Kwainor, Vice President of the African Development Bank for the Private Sector and Infrastructure, said that the Bank is fully prepared to strengthen partnerships with any private sector parties to reduce the risks it faces, pointing out that strengthening infrastructure, especially in the transport and energy sectors, enhances competitiveness in Africa.
TAQA Arabia: Partnership with international financial institutions enabled us to contribute to the implementation of the Benban solar power plant
Pakinam Kafafi, CEO of TAQA Arabia, added that TAQA Arabia is one of the leading companies in the development sector, and even before using renewable energy we sought to reduce carbon ratios.
She thanked the financing institutions that provided $32 million to the company to support its ability to contribute to the Benban solar power plant, stressing that the government needs more development projects, and said: “Last week we got a loan of $10 million to finance one of the projects. ”
IFC: Private sector has great potential to participate in development projects
Walid Labbadi, Regional Director for Egypt, Libya and Yemen at the World Bank Group ’ s International Finance Corporation (IFC), said: “Our strategy focuses on three main pillars: inclusion, employment and inclusivity, all of which are provided by Egypt, and the private sector has great potential to be strongly involved in Egypt ’ s sustainable development projects.
The Egyptian Forum for International Cooperation and Development Finance kicked off yesterday morning under the patronage of President Abdel Fattah al-Sisi, with the participation of Prime Minister Mostafa Madbouly, the ministers of international cooperation, manpower, supply, education, planning, local development, health, environment, communications, information technology, transport, social solidarity, agriculture, industry and trade.
health, workforce and local development.
The Forum has high-level participation from government representatives from Africa, Europe and Latin America, heads of international and regional financial institutions and representatives of the private sector and civil society.
We have presented to you our visitors the most important details about the news of the private sector calls for strengthening partnership with international institutions to implement the sustainable development goals on the dot Gulf in this article and we hope to provide you with all the details clearly and more credibility and transparency.
We should also remind you that this content is already published on the site of Habi newspaper and may have been the editorial team in Dot Al-Khaleej to confirm or modify it or quote it or may have been transferred in full and you can read and follow up on the news from its main source.
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The EBRD has financed private sector projects in Egypt, including green investments and infrastructure development.

Russia has shared technologies with and invested in Africa's energy sector through companies like Rosneft, Gazpromneft, and RusHydro.

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Content: All news

Russia ready to share technologies with African countries — Putin

It is added that major Russian investment projects are already being implemented in Africa with the participation of Rosneft, Gazpromneft, RusHydro, Alrosa and Lukoil

MOSCOW, March 20. /TASS/. Russia will continue helping African nations produce electricity and will share its technologies with them, President Vladimir Putin said at the international parliamentary conference ‘Russia-Africa in a Multipolar World’ on Monday.

"We will continue helping African countries in the production of electricity, where the continent is only meeting a quarter of its needs," he said, adding that major Russian investment projects are already being implemented in Africa with the participation of Rosneft, Gazpromneft, RusHydro, Alrosa and Lukoil.

"Today, we offer new environmentally friendly technologies, mainly in nuclear energy," Putin stressed. Rosatom is already constructing an NPP in Egypt, he said, adding that the company also plans to extend its presence in the development of national energy systems on the African continent. "Significant, in some countries by 100%, financing is provided by Russia, those being major projects totaling $15, $20, $25 bln," the president noted.

Russia has financed African projects up to $25 billion and is developing national energy systems there.

Title:

Content: All news

Russia ready to share technologies with African countries — Putin

It is added that major Russian investment projects are already being implemented in Africa with the participation of Rosneft, Gazpromneft, RusHydro, Alrosa and Lukoil

MOSCOW, March 20. /TASS/. Russia will continue helping African nations produce electricity and will share its technologies with them, President Vladimir Putin said at the international parliamentary conference ‘Russia-Africa in a Multipolar World’ on Monday.

"We will continue helping African countries in the production of electricity, where the continent is only meeting a quarter of its needs," he said, adding that major Russian investment projects are already being implemented in Africa with the participation of Rosneft, Gazpromneft, RusHydro, Alrosa and Lukoil.

"Today, we offer new environmentally friendly technologies, mainly in nuclear energy," Putin stressed. Rosatom is already constructing an NPP in Egypt, he said, adding that the company also plans to extend its presence in the development of national energy systems on the African continent. "Significant, in some countries by 100%, financing is provided by Russia, those being major projects totaling $15, $20, $25 bln," the president noted.

Africa's economy has grown 5 percent annually, offering opportunities for foreign investment.

Title:

Content: Optimists talk about Africa as the next economic frontier

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BY DELIA DE VILLIERS

For years Africa has been shrouded in controversy when it comes to its future potential. The optimists talk about Africa as the next economic frontier, while the sceptics point to a low growth rate, poverty and conflict as key challenges standing in the way of notable development.

Yet, the continent has grown its economy by around 5 percent a year over the past decade, is as urbanised as China and has as many cities as Europe with a population of more than one million, according to Future Agenda.

The World Bank reports that sub-Saharan Africa is “home to more than 1 billion people, half of whom will be under 25 years old by 2050”, suggesting that the workforce of the future is based here. They go on to say that Africa is a “diverse continent offering human and natural resources that have the potential to yield inclusive growth and eradicate poverty”.

While potential is not a measure of performance, what is productive is to consider the motivations of businesses opting either to enter the African market or expand operations on the continent. And that’s notwithstanding the challenges, or as Shaw Mabuto, partner at private equity firm Spear Capital, puts it: “While there are undoubtedly risks in Africa, they are well known and understood. Investors can mitigate for them.”

Spear Capital is particularly excited about the opportunities in the ESG (environmental, social, governance) space in Africa. “There are many businesses that have been able to thrive in spite of the prevailing environment and lack of government support. With the right backing, companies across the continent can grow successfully while at the same time making the world a better place and providing returns to their investors,” Mabuto says.

Google’s recent announcement of plans to invest $1 billion (R15.6bn) to support digital transformation in Africa is another very positive indicator of the potential of the continent. The investment, which was announced in October 2021, will be used to enable affordable internet access and building helpful products, for investments in entrepreneurship and technology, as well as to empower businesses as they continue or embark on their digital transformation.

This positive sentiment about Africa’s potential is echoed by a number of businesses who have chosen to expand their operations on the continent.

Picking your next market is key

When SweepSouth decided to scale their business across the African continent in 2020, they chose Kenya as the first territory to launch their on-demand home services model outside of South Africa’s borders. Three months ago they started operations in Nigeria, and plans are now afoot to expand further into Africa.

“There are so many factors that go into choosing a new market, so we decided to look at countries where people experience the same sort of home-care needs South Africans required when SweepSouth was started,” says Aisha Pandor, SweepSouth chief executive.

Kenya and Nigeria were obvious choices, representing big-market regions with a high growth opportunity, ever-increasing internet penetration and digital literacy, and the potential for positive impact on employment, education and economic growth via smart, scalable technology solutions.

“Kenya appealed to us because it felt like an in-between in terms of culture, market segment and dynamics, and also smartphone and internet penetration when compared with West Africa. And Nigeria is a really exciting new venture that we hope will serve as a base for further expansion into the West African region,” says Pandor.

West Africa, too, is increasingly recognised as an area of economic and growth interest for businesses looking to get a foothold on the continent.

Integrated PR and marketing agency Irvine Partners recently opened an office in Ghana in response to an increasing number of their global clients needing support there. The agency already has wholly owned offices in South Africa, Kenya and Nigeria, and has realised the potential of this West African country.

“Most of our clients’ interest in the region stems from Ghana’s position as a tech hub within sub-Saharan Africa and its growing financial services industry, but we’re also seeing many other industries looking to invest in and expand into the country. Strategically, it makes a lot of sense for us to have a presence in the country and we’re optimistic about its potential,” says managing director Hayley van der Woude.

Beyond the obvious

Importantly, the interest in Africa extends beyond the traditionally popular economic areas such as Lagos, Nairobi and Accra, with Mauritius serving as a prime example of potential beyond the obvious. It is currently the top-ranked economy in sub-Saharan Africa, according to the World Bank’s Ease of Doing Index and is recognised for offering a sound political and economic environment that strongly encourages investment thanks to a sophisticated banking system, a favourable tax regime and low inflation.

These are among the main reasons.

The Business Exchange (TBE), a South African-launched serviced office offering, not only expanded operations to Mauritius but also designed an investment opportunity for others with their sectional title shared office investment that offers a safe and affordable way to get into this bustling market.

“Mauritius, in our view, is fast becoming one of the hottest investment hubs on the continent. Major international brands, including Samsung, Broll, Expedia and NBA (North America’s National Basketball Association), are based at our serviced office space there, which speaks to the interest in the location and offers an indication of its dynamism as a business destination,” says David Seinker, the founder and chief executive of TBE.

Embracing innovation

Lastly, but certainly very significantly, when it comes to businesses where customer-centricity is key, such as banking and telecoms, African players compete more effectively than their international counterparts, according to a finding in the Boston Consulting Group’s digital maturity index.

“It’s also hardly surprising that these are two sectors where Africa has led the world when it comes to technology-led innovation,” says Ngadi Job Goshi, the general manager at Liferay Africa. “Ultimately, while Africa may be less digitally mature than other markets, there can be no doubt that businesses on the continent are unafraid to embrace technology and innovation. And, in the customer-centric ways in which they’ve done so, despite facing adversity and strong headwinds, there are lessons for the rest of the world in the tenacity and ingenuity birthed and nurtured in the African soil.”

Delia de Villiers is the senior account manager, Irvine Partners.

BUSINESS REPORT

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What trends are emerging for African startups in 2022?

Sub-Saharan Africa has over 1 billion people, with half under 25 by 2050, creating a significant workforce and consumer market.

Google will invest $1 billion in Africa's digital transformation.

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

SweepSouth has expanded to Kenya and Nigeria, demonstrating the potential for foreign investment in Africa's service industry.

What trends are emerging for African startups in 2022?

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Which sectors received the most foreign investment?

Irvine Partners has opened a Ghana office to support clients, highlighting the region's growing professional services sector.

Which countries are preferred FDI destinations in Africa?

Which sectors received the most foreign investment?

Mauritius is Sub-Saharan Africa's top-ranked economy, attracting foreign investment.

Africa is leading in tech innovation in banking and telecoms, creating opportunities for business graduates.

West Africa is increasingly recognized for its economic growth potential, with Ghana and Nigeria emerging as investment destinations.

What trends are emerging for African startups in 2022?

Which African countries are driving the venture capital ecosystem?

Business administration graduates can explore trade opportunities and partnerships with African-American entrepreneurs and Nigerian businesses.

Title:

Content: Champion Newspapers Limited
For a better society

Nigeria needs more Diaspora investments, philanthropic contributions –PAAC chairman

9

Prof. Olatokunbo Onabanjo, Chairman, Pan African American Chamber of Commerce(PAAC) has called for increased diaspora investments, remittances and philanthropic contributions to Nigeria and other African countries.

Onabanjo stated this in a chat with the News Agency of Nigeria (NAN) on Sunday in Lagos while speaking on the forthcoming trade and investment conference with the theme “Hope for Africa” holding in the United States.

The Hope for Africa conference being organised by the Pan African American Chamber of Commerce is scheduled for Sept. 9 to Sept. 13 in Atlanta, Georgia, U.S.

According to him, disposal engagement has become crucial to bringing Nigeria out of its current socio-economic and security challenges.

Onabanjo said the country needs an increased diaspora involvement in its development initiatives.

He said that the conference would allow for engagement with the Nigerian diaspora and the African-American community, which could result in increased diaspora investments to Nigeria and other African countries.

Onabanjo said: “This engagement will also facilitate knowledge transfer, technology exchange, and skills development, supporting economic growth and development.

“The conference would provide a platform for Nigerian businesses to network with African-American entrepreneurs and explore potential partnerships, trade opportunities, and investments. This will lead to increased trade and economic growth for Nigeria.”

He said that the conference would encourage knowledge sharing, cultural exchange, global exposure, trade and investments, capacity building, network and collaboration, promotion of African brands and products.

Onabanjo, who was the Director of Computer Services during Tinubu’s administration as governor of Lagos State, said that the conference would feature panel discussions, workshops and presentations on business, entrepreneurship and economic development.

“Nigerian participants can gain valuable insights and knowledge from industry experts, which can be applied to foster economic growth in Nigeria.

“Participation in the conference will enhance Nigeria’s international visibility and reputation as a favourable destination for investment and business opportunities.

“This will attract foreign investors and promote Nigeria as a hub for trade and commerce in Africa.

“It will offer Nigeria significant economic, cultural, and diplomatic benefits, fostering growth and collaboration between Nigeria and the African-American community,” he said.

Onabanjo, a seasoned project manager and member of Certified Project Management Professionals, said that the conference would lead to increased trade partnerships, investments, and business collaboration, promoting economic growth and job creation in Nigeria and across Africa.

“The conference is aim at bringing together a diverse range of participants, including policymakers, business leaders, and professionals from Nigeria, Africa, and the African-American community.

“This provides a unique opportunity for networking, fostering collaborations, and exploring new business opportunities.

“These connections will lead to partnerships, joint ventures, and knowledge-sharing initiatives that contribute to economic growth.

“The conference will serve as a platform for Nigerian and African businesses to showcase their products, services, and innovations to a global audience.

“This exposure will enhance the visibility and marketability of African brands, leading to increased exports, foreign investment, and economic growth,” he added.

He noted that the conference was also expected to enhance increased collaboration among African countries to foster regional integration and cooperation such as the African Continental Free Trade Area (AfCFTA).

“Overall, the expectations for collaboration, innovation, and investment from Nigeria and other African countries towards the development of African economies are aimed at fostering inclusive and sustainable growth, reducing poverty, and unlocking the continent’s immense economic potential,” he said.

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Conferences and forums can facilitate knowledge transfer and skills development, allowing Nigerian participants to gain insights from industry experts.

Participating in such events can enhance Nigeria's international visibility and attract foreign investors.

What trends are emerging for African startups in 2022?

Increased trade partnerships and investments can boost economic growth, job creation, and global exposure for African businesses.

What trends are emerging for African startups in 2022?

Agriculture in Africa, particularly Ghana and Nigeria, is a promising investment area, with cash investment being the preferred form of FDI.

Title:

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.
Print

Which sectors received the most foreign investment?

The Dubai Chamber hosts the African Business Forum at Expo 2020 to stimulate global partnerships and provide investment information.

Title:

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.
Print

African entities partner with foreign companies, offering investment opportunities in sectors like agriculture and technology.

Title:

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.
Print

What trends are emerging for African startups in 2022?

Which sectors are Chinese investments in Africa focusing on?

Which sectors received the most foreign investment?

Business administration graduates can work in African investment fields like private equity, venture capital, and asset management.

Title:

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.
Print

The US promotes female entrepreneurship and trade partnerships in Africa, including through the 2022 US-Africa Leaders Summit.

Title:

Content: November 3, 2023

WASHINGTON, Nov. 03, 2023 (GLOBE NEWSWIRE) — From Sunday, Nov. 5 through Wednesday, Nov. 8, Administrator Isabel Guzmanhead of US Small Business Administration (SBA) And the voice of President Biden’s Cabinet for America’s 33 million small businesses will travel to Lomé, Togo and Abidjan, Côte d’Ivoire to promote female entrepreneurship and international trade opportunities for small businesses.

Administrator Guzmán will meet with national leaders and local entrepreneurs to highlight investment opportunities in small businesses, e-commerce, women’s entrepreneurship, and trade for small businesses in these markets. The trip will focus on connecting with American small businesses in Togo and Côte d’Ivoire while strengthening the United States’ trade and investment partnerships in West Africa.

The Biden-Harris Administration is committed to fostering constructive partnerships between the United States and African countries, institutions, and people. The visit builds on the Digital Transformation with Africa (DTA) initiative and will showcase how the United States government’s whole-of-government effort is delivering on high-profile commitments President Biden announced at the US-Africa Leaders Summit in December 2022 Was.

,

About the US Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership come true. As the only resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their business or recover from a declared emergency. Is. Disaster. It provides services through an extensive network of SBA regional offices and partnerships with public and private organizations. To learn more, visit sba.gov.

Source: www.globenewswire.com

Which countries are actively investing in Africa besides China?

The US government supports entrepreneurs, particularly through e-commerce and women's entrepreneurship initiatives in Africa.

Title:

Content: November 3, 2023

WASHINGTON, Nov. 03, 2023 (GLOBE NEWSWIRE) — From Sunday, Nov. 5 through Wednesday, Nov. 8, Administrator Isabel Guzmanhead of US Small Business Administration (SBA) And the voice of President Biden’s Cabinet for America’s 33 million small businesses will travel to Lomé, Togo and Abidjan, Côte d’Ivoire to promote female entrepreneurship and international trade opportunities for small businesses.

Administrator Guzmán will meet with national leaders and local entrepreneurs to highlight investment opportunities in small businesses, e-commerce, women’s entrepreneurship, and trade for small businesses in these markets. The trip will focus on connecting with American small businesses in Togo and Côte d’Ivoire while strengthening the United States’ trade and investment partnerships in West Africa.

The Biden-Harris Administration is committed to fostering constructive partnerships between the United States and African countries, institutions, and people. The visit builds on the Digital Transformation with Africa (DTA) initiative and will showcase how the United States government’s whole-of-government effort is delivering on high-profile commitments President Biden announced at the US-Africa Leaders Summit in December 2022 Was.

,

About the US Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership come true. As the only resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their business or recover from a declared emergency. Is. Disaster. It provides services through an extensive network of SBA regional offices and partnerships with public and private organizations. To learn more, visit sba.gov.

Source: www.globenewswire.com

Which countries are actively investing in Africa besides China?

The US invests in small businesses in Togo and Côte d’Ivoire, and the Digital Transformation with Africa initiative exists to promote digital economy development.

Title:

Content: November 3, 2023

WASHINGTON, Nov. 03, 2023 (GLOBE NEWSWIRE) — From Sunday, Nov. 5 through Wednesday, Nov. 8, Administrator Isabel Guzmanhead of US Small Business Administration (SBA) And the voice of President Biden’s Cabinet for America’s 33 million small businesses will travel to Lomé, Togo and Abidjan, Côte d’Ivoire to promote female entrepreneurship and international trade opportunities for small businesses.

Administrator Guzmán will meet with national leaders and local entrepreneurs to highlight investment opportunities in small businesses, e-commerce, women’s entrepreneurship, and trade for small businesses in these markets. The trip will focus on connecting with American small businesses in Togo and Côte d’Ivoire while strengthening the United States’ trade and investment partnerships in West Africa.

The Biden-Harris Administration is committed to fostering constructive partnerships between the United States and African countries, institutions, and people. The visit builds on the Digital Transformation with Africa (DTA) initiative and will showcase how the United States government’s whole-of-government effort is delivering on high-profile commitments President Biden announced at the US-Africa Leaders Summit in December 2022 Was.

,

About the US Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership come true. As the only resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their business or recover from a declared emergency. Is. Disaster. It provides services through an extensive network of SBA regional offices and partnerships with public and private organizations. To learn more, visit sba.gov.

Source: www.globenewswire.com

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

Dubai's non-oil trade with Africa reached $50 billion by 2020 and is expected to grow 10% annually.

Title:

Content: 00: 00
Expo 2020 Dubai Today
The emirate ’ s non-oil trade with Africa is $50 billion by 2020
Hamad Buamim calls on African investors to take advantage of Expo to explore Dubai ’ s new potential
His Excellency Hamad Mubarak Buamim, Director General of Dubai Chamber, has called on African business leaders and investors to take full advantage of the Expo 2020 platform, explore a world of new possibilities in Dubai, and forge cross-border partnerships that will deliver shared benefits and economic growth.
Bouamim ’ s invitation came on the eve of the sixth edition of the Global Africa Business Forum, which will be organized by Dubai Chamber and Expo 2020 Dubai on 13 and 14 October.
“The World Africa Business Forum in Dubai is one of the most critical factors that have facilitated bilateral trade between the UAE and the African continent and investment flows between the two parties. Since the launch of this series of high-level events at the Dubai Chamber in 2013, Dubai ’ s non-oil trade with Africa has grown by more than 71% to more than US $50 billion in 2020, ” Buamim said.
“The sixth edition of the Global Africa Business Forum, scheduled to take place at Expo 2020 Dubai on 13-14 October 2021, comes at a time when UAE-Africa relations are growing rapidly, with the African Continental Free Trade Area (AfCFTA) and regional integration efforts gaining momentum. ”
“Over the last five editions of the World Africa Business Forum, the event has brought together more than 6,000 participants, 22 African presidents and 120 African ministers, holding more than 1,150 bilateral investment meetings, and the World Africa Business Forum in Dubai, a flagship series of Dubai Chamber events, has become a major catalyst for expanding trade ties and economic cooperation between Africa and the UAE. ”
“These high-level forums are the largest of their kind in the region, providing an ideal platform to showcase Africa ’ s economic potential in the world and build cross-border partnerships. ”
Commenting on the importance of the sixth edition of the forum, HE Hamad Mubarak Buamim said: “Participation in the World African Business Forum is more beneficial this year than ever, as the high-level forum is held on the sidelines of Expo 2020 Dubai, the first World Expo to be held in the Middle East, Africa and South Asia, and the largest event ever held in the Arab world. ”
“The event is also an unprecedented opportunity for African companies to forge cross-border partnerships and strengthen their global standing, and the timing is ideal for African companies to take advantage of the Global Africa Business Forum and Expo 2020 Dubai as platforms to explore new business opportunities, expand their global footprint and support cross-border partnerships that drive sustainable growth, ” he said.
Unique Opportunities
Commenting on the unique opportunities offered by the African continent compared to other global markets, H.E. Hamad Mubarak Buamim said: “There are many reasons why Africa is growing into a preferred market in the post-COVID-19 era.
First, Africa is expected to experience the strongest population growth in all regions of the world over the next 80 years.
Meanwhile, the continent ’ s middle class continues to grow, while a group of tech-savvy, brand-conscious young Africans are also expected to increase consumption over the coming decades; and, second, the African Continental Free Trade Area (AfCFTA), a historic agreement to create the world ’ s largest continental free trade area linking the continent ’ s 55 countries, has the potential to transform the continent ’ s economic potential.
Trade between Dubai and Africa could see an annual increase of up to 10 per cent over the next five years following the implementation of the African Continental Free Trade Area (AfCFTA) agreement, according to a recent forecast released by Dubai Chamber.
“African countries, previously heavily dependent on agriculture, are diversifying their economic activity beyond commodities, investing in innovation-focused sectors and start-ups that are driving the continent ’ s digital transformation.
Technology is rapidly finding its way into all aspects of African societies, and a lot of new and attractive market opportunities are emerging. ”
COMMERCIAL LINKS
Commenting on the potential for further trade links between Dubai and the African continent in the post-pandemic world, HE Hamad Mubarak Buamim, Director General of Dubai Chamber, said: “As a global business hub located close to the African continent, Dubai is an ideal partner, ideally positioned to unleash Africa ’ s untapped economic potential and support the continent ’ s next phase of development from sustainable agriculture to logistics, free zones, finance and advanced technologies. expertise and investment to bridge market gaps in Africa. ”
He pointed out that food security is another area of common interest, which offers many possibilities, as many African countries are major exporters of agricultural crops, while the UAE has a new strategy aimed at diversifying its food imports.
“There is huge potential to expand bilateral trade and investment to other areas and sectors of mutual interest, such as financial technology, artificial intelligence, digital transformation, blockchain and smart city solutions, ” he said.
“Dubai is strategically positioned as a thriving transit hub at the crossroads of Asia, Europe and Africa, making it an ideal market for African companies to relaunch their businesses and strengthen their global footprint as they seek to recover in the post-pandemic period.
Dubai has all the advantages and resources to support the future growth of the region, thanks to its proximity to African markets, its valuable expertise and its strong encouragement of foreign investment. ”
“I call on African business leaders and investors to take full advantage of the Expo 2020 platform, explore a world of new possibilities in Dubai, and forge cross-border partnerships that deliver shared benefits and economic growth, ” he said.
“Dubai Chamber ’ s representative offices are fully committed and ready to support African stakeholders who are keen to strengthen their presence in the Dubai market and take advantage of the emirate ’ s strategic location to expand their presence globally, from market intelligence to business matching and business creation support.
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The African Continental Free Trade Area (AfCFTA) links 55 African countries, creating trade and investment opportunities.

Africa is diversifying its economy and undergoing a digital transformation, driven by technology and creating new tech jobs.

Dubai is a strategic partner to unleash Africa's economic potential, with opportunities in fintech, AI, and blockchain.

Dubai and Africa share a common interest in food security, with Dubai serving as a transit hub for African companies.

Business administration graduates need personal skills like creative analysis, critical thinking, problem-solving, and leadership to succeed in job opportunities.

Title:

Content: Wednesday 12-07-2023
Yarmouk: Al-Amoush sponsors the closing ceremony of the project "Developing the skills of new graduates
The Vice President of Yarmouk University for Academic Affairs, Dr. Muwafaq Al-Amoush, sponsored the closing ceremony of the project "Developing the Skills of Newcomers for Employment Purposes", headed by Dr. Saja Al-Nahar from the Faculty of Pharmacy, and attended by Dr. Mohammed Al-Zamil, Director of the Computer and Information Center, Dr. Amna Al-Rawashdeh from the College of Education, and Dr. Tamara Al-Yaacoub from the College of Business. PI.
Add Announcement
Al-Amoush said that this project comes in line with the university ’ s plan and commitments to develop the mechanisms and means of vocational and technical education and training, especially as it is based on developing the skills of recent graduates to cope with the requirements of the labor market, noting that investing in the capabilities of recent graduates will accelerate Jordan ’ s economic growth and improve the quality of life.
He praised the efforts of the project team who exerted the utmost efforts in order to implement its stages and achieve the desired benefit from it.
Al-Amoush stressed that the heritage of universities and the quality of teaching in them is no longer able alone to secure a job opportunity in this advanced and fast-paced era, there is a set of skills and attributes that new graduates must develop and develop in themselves before looking for a job.
The most important thing employers look for in the person applying for the job is the graduate ’ s personal skills, knowledge, talents and specific qualities required for the job, which is an investment that adds value to their business in the long term.
He stressed the need for graduates to master the skills of creative analysis and critical thinking, problem solving, leadership skills, the ability to work in a team, the ability to manage time, technical skills, negotiation and persuasion skills, adaptability and communication, written communication skills, verbal communication, initiative, in addition to learning foreign languages, which is one of the most important skills to be acquired.
He said that the responsibility of enabling graduates to acquire the necessary skills is a shared responsibility of educational institutions and other national institutions such as companies, banks, factories, unions and civil society institutions, as well as the responsibility of students and graduates themselves.

Business administration graduates can contribute to organisations thriving by developing necessary skills.

Title:

Content: Organisations are in business to make money, but people remain central to success and ensuring that the organisation has what it takes to thrive, writes Phumzile Hlatshwayo, executive: human capital at Altron Systems Integration.

Organisations want results. Stakeholders, investors and leadership want results. The entire goal of a business is to achieve solid financial results and growth. However, this requires that the people within the business are engaged and motivated. They are the reason why an organisation thrives.

However, economic uncertainty, political complexity, social upheaval and overall global uncertainty are currently having a serious impact on employee wellbeing and engagement.

What’s needed now are leaders who can take people through these storms, people who can motivate, inspire and encourage employees so they remain steady while the world, and the business, transform.

It is also about creating spaces and opportunities for people so they can grow their skills and confidence. Organisations need to invest in training programmes and skills development courses that allow people to gain critical skills that allow them to plug the talent holes that are affecting their growth and capabilities.

A recent survey by the Manpower Group found that there are significant talent shortages across most sectors – increasing from 10% in 2012 to 78% in 2022.

The most in-demand talent includes IT, operations and logistics, sales and marketing, manufacturing and production, and administration and office support.

The upshot is that private companies need to upskill South Africans to build a talented workforce and create even more job opportunities as this commitment tackles two of the most pressing challenges facing the country right now – unemployment and skills development.

One approach is to focus on providing junior graduates with the opportunity to work within an organisation. It allows for them to grow real-life skills within the business while investing into people who will then understand the business on a granular level.

There is an opportunity to partner with SETAs, NPOs, training companies and formal education institutions. This is a war to be fought by masses, not one structure.

This is a strategic approach. Time and money are invested into building talent from the ground up which engenders loyalty and empowers the next generation. However, investment into talent shouldn’t stop there.

It should also be focused on developing managerial skills, providing managers with tools that allow them to better mentor these graduates. Managers need to know how to coach these young, fresh graduates so they grow within their roles with confidence, and this means a huge investment needs to go into their development as well.

These investments, into people across all levels of the business, not only ensure skills are disseminated throughout the business and that people are made to feel connected and engaged, but also ensure that people gain much-needed confidence. This is essential, particularly in the current market.

People who have faith in their abilities are more dynamic, engaged, committed and passionate about their work and these are precisely the kind of people that turn an organisation into a success story.

Moving ahead, companies need to focus on building graduate programmes that focus on the core principles of skills development, managerial skills, coaching, and personal confidence. These, like the one currently in place at Altron, prioritise people and show how the organisation values their contributions to the business.

There is no leadership joy that can compare to seeing talent growth and leaders that came from the Graduate or Learnership Program. And that, over making stakeholders and the finance team happy, is good business.

Training programmes can help business administration graduates develop essential critical skills.

Entrepreneurship skills can be developed in business administration graduates through education and training.

Title:

Content:
Lagos Empowers Final Year Students on Employability, Entrepreneurship Skills

Funmi Ogundare

The Office of the Special Adviser on Education recently held the Jobs Initiative Lagos, designed as a complimentary training in entrepreneurship, employability and basic digital skills required for the workplace for penultimate and final year students in eight state-owned tertiary institutions.

The objective  is to fill the documented gaps in the current curriculum, which will be essential in the employment market and enhance the employability of graduates.

Speaking at the programme held at Lagos State University ( LASU), Ojo, the Vice-Chancellor of the institution, Prof Ibiyemi Bello, represented by Deputy Vice-Chancellor (Administration) Prof Adenike Boyo, noted that it was aimed at ensuring that students acquire the skills, get trained and have the right mentorship to succeed in their chosen career.

She recalled that the previous year witnessed students who got jobs in oil companies while congratulating them ahead.

At the programme, which witnessed panel discussions, various speakers from different organisations admonished the students to have the right skills and passion for helping them achieve their ambitions.

In his remarks, the head of the Department of Small Scale Enterprise, National Directorate of Employment, Dr Chidiebere Igbokwe, emphasised how they could drive innovation through entrepreneurship.

A representative of Chattered Institute of Personal Management ( CIPM), who spoke on ‘The New Generation of Jobs: Being a Team Player’, noted that the world of work is not just about one’s qualifications but skills and attitude. He stated that every employer is seeking employees who would be able to add value to their business.

A research analyst and entrepreneur, Dr Ayo Sobowale, said that though there were no generic skills, passion for doing something is deposited in everyone.

JIL Coordinator, Miss Opeyemi Farayola, said the first edition of the programme was held online due to COVID-19 and that this year, they added the job fair that would enable students to prepare their CV and meet mentors who are specialised in various fields.

Related Articles

Graduates need employability skills, including basic digital skills, to succeed in the job market.

Title:

Content:
Lagos Empowers Final Year Students on Employability, Entrepreneurship Skills

Funmi Ogundare

The Office of the Special Adviser on Education recently held the Jobs Initiative Lagos, designed as a complimentary training in entrepreneurship, employability and basic digital skills required for the workplace for penultimate and final year students in eight state-owned tertiary institutions.

The objective  is to fill the documented gaps in the current curriculum, which will be essential in the employment market and enhance the employability of graduates.

Speaking at the programme held at Lagos State University ( LASU), Ojo, the Vice-Chancellor of the institution, Prof Ibiyemi Bello, represented by Deputy Vice-Chancellor (Administration) Prof Adenike Boyo, noted that it was aimed at ensuring that students acquire the skills, get trained and have the right mentorship to succeed in their chosen career.

She recalled that the previous year witnessed students who got jobs in oil companies while congratulating them ahead.

At the programme, which witnessed panel discussions, various speakers from different organisations admonished the students to have the right skills and passion for helping them achieve their ambitions.

In his remarks, the head of the Department of Small Scale Enterprise, National Directorate of Employment, Dr Chidiebere Igbokwe, emphasised how they could drive innovation through entrepreneurship.

A representative of Chattered Institute of Personal Management ( CIPM), who spoke on ‘The New Generation of Jobs: Being a Team Player’, noted that the world of work is not just about one’s qualifications but skills and attitude. He stated that every employer is seeking employees who would be able to add value to their business.

A research analyst and entrepreneur, Dr Ayo Sobowale, said that though there were no generic skills, passion for doing something is deposited in everyone.

JIL Coordinator, Miss Opeyemi Farayola, said the first edition of the programme was held online due to COVID-19 and that this year, they added the job fair that would enable students to prepare their CV and meet mentors who are specialised in various fields.

Related Articles

Mentorship is crucial for graduates' career success, and managers need development to provide it.

Title:

Content:
Lagos Empowers Final Year Students on Employability, Entrepreneurship Skills

Funmi Ogundare

The Office of the Special Adviser on Education recently held the Jobs Initiative Lagos, designed as a complimentary training in entrepreneurship, employability and basic digital skills required for the workplace for penultimate and final year students in eight state-owned tertiary institutions.

The objective  is to fill the documented gaps in the current curriculum, which will be essential in the employment market and enhance the employability of graduates.

Speaking at the programme held at Lagos State University ( LASU), Ojo, the Vice-Chancellor of the institution, Prof Ibiyemi Bello, represented by Deputy Vice-Chancellor (Administration) Prof Adenike Boyo, noted that it was aimed at ensuring that students acquire the skills, get trained and have the right mentorship to succeed in their chosen career.

She recalled that the previous year witnessed students who got jobs in oil companies while congratulating them ahead.

At the programme, which witnessed panel discussions, various speakers from different organisations admonished the students to have the right skills and passion for helping them achieve their ambitions.

In his remarks, the head of the Department of Small Scale Enterprise, National Directorate of Employment, Dr Chidiebere Igbokwe, emphasised how they could drive innovation through entrepreneurship.

A representative of Chattered Institute of Personal Management ( CIPM), who spoke on ‘The New Generation of Jobs: Being a Team Player’, noted that the world of work is not just about one’s qualifications but skills and attitude. He stated that every employer is seeking employees who would be able to add value to their business.

A research analyst and entrepreneur, Dr Ayo Sobowale, said that though there were no generic skills, passion for doing something is deposited in everyone.

JIL Coordinator, Miss Opeyemi Farayola, said the first edition of the programme was held online due to COVID-19 and that this year, they added the job fair that would enable students to prepare their CV and meet mentors who are specialised in various fields.

Related Articles

An MBA degree helps improve business management skills for managers and entrepreneurs.

Title:

Content: + 9.8 °
Humidity: 52%
Pressure: 751.6 mm
What is an MBA and why do I need it?
Friday, 17 September 2021 | 13: 12
Dom
3
Many people have heard about the MBA, know about the usefulness of the program, even want to pass it, but do not quite understand what they will learn there.
If we translate the term from English, we get a "Master of Business Administration", that is, this is an advanced qualification for managers, prestigious and valuable for a career and the ability to manage an enterprise.
For the first time this type of training was conducted in the United States in 1901.
The program was improved and modified for different countries and directions.
Who is recommended to get a business education?
MBA degree is needed for owners, entrepreneurs, managers and heads of organizations.
It is used to improve the skill of business management, to understand how to develop your business.
Graduates, without practical knowledge, the program will bring less benefit.
For more than 100 years of existence, it has been confirmed that this is an effective business training for managers who have several years of practical experience behind them.
The program will allow them to:
• Rethink the approach to business processes;
• Redefine goals and objectives;
• structure existing knowledge, identify which areas need to be supplemented / further deepened;
• expand the toolkit of working tools;
• to form new thinking, including in relation to the construction of business strategies;
• identify ambitions, find an incentive to enter a new stage of career, establish your own business, etc.
The difference between the MBA course and training and coaching
On the Internet it is easy to find many offers of training in the business sphere, similar programs are in universities.
A well-thought-out set of disciplines, theoretical knowledge in which is supported by the analysis of cases, is what distinguishes MBA business education https: / / zis.expert / courses / management / mba-business-maximum-obuchenie-direktorov /, which is calculated, on average, for 12-24 months.
Most of the trainings are devoted to one skill: the development of leadership qualities, oratorical skills, crisis management, etc.
The Master of Business Administration program covers a carefully selected range of disciplines, which came from people of about the same level of qualifications and ambitions.
They have similar goals, there is a chance to find partners for the future of business, to exchange existing experience.
They go to an MBA with a clearly formulated goal, it is not a training out of curiosity.
Even Intensive will require a couple of months to study closely, and Full Time involves studying for 2 years.
Advanced business education is a serious step based on understanding what it is done for and where it will lead.
Eduard Aplombov
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Business administration graduates need to develop skills like time management, teamwork, and persuasion to succeed.

Title:

Content: Wednesday 12-07-2023
Yarmouk: Al-Amoush sponsors the closing ceremony of the project "Developing the skills of new graduates
The Vice President of Yarmouk University for Academic Affairs, Dr. Muwafaq Al-Amoush, sponsored the closing ceremony of the project "Developing the Skills of Newcomers for Employment Purposes", headed by Dr. Saja Al-Nahar from the Faculty of Pharmacy, and attended by Dr. Mohammed Al-Zamil, Director of the Computer and Information Center, Dr. Amna Al-Rawashdeh from the College of Education, and Dr. Tamara Al-Yaacoub from the College of Business. PI.
Add Announcement
Al-Amoush said that this project comes in line with the university ’ s plan and commitments to develop the mechanisms and means of vocational and technical education and training, especially as it is based on developing the skills of recent graduates to cope with the requirements of the labor market, noting that investing in the capabilities of recent graduates will accelerate Jordan ’ s economic growth and improve the quality of life.
He praised the efforts of the project team who exerted the utmost efforts in order to implement its stages and achieve the desired benefit from it.
Al-Amoush stressed that the heritage of universities and the quality of teaching in them is no longer able alone to secure a job opportunity in this advanced and fast-paced era, there is a set of skills and attributes that new graduates must develop and develop in themselves before looking for a job.
The most important thing employers look for in the person applying for the job is the graduate ’ s personal skills, knowledge, talents and specific qualities required for the job, which is an investment that adds value to their business in the long term.
He stressed the need for graduates to master the skills of creative analysis and critical thinking, problem solving, leadership skills, the ability to work in a team, the ability to manage time, technical skills, negotiation and persuasion skills, adaptability and communication, written communication skills, verbal communication, initiative, in addition to learning foreign languages, which is one of the most important skills to be acquired.
He said that the responsibility of enabling graduates to acquire the necessary skills is a shared responsibility of educational institutions and other national institutions such as companies, banks, factories, unions and civil society institutions, as well as the responsibility of students and graduates themselves.

Investing in people boosts confidence and engagement during crises.