Africa received $83 billion in foreign direct investment in 2021, mostly from Europeans.

The UK and France invested $65 billion and $60 billion, respectively, in Africa.

North Africa's foreign direct investment fell 5% to $9.3 billion in 2021.

Egypt's foreign direct investment decreased by 5.35% in 2020, but still attracted $8.14 billion in 2018.

The country is expected to receive $16.5 billion in foreign direct investment in 2024-2025 from various sectors.

The construction sector had the largest share of capital value in Egypt in 2021/2022, with 31.2 thousand companies established.

Renewable energy projects reached 71 in 2021, worth $39 billion.

The African Investment Forum coordinated $32.8 billion in investments, including a $15.6 billion deal for the Lagos-Abidjan highway.

The UK's BII plans to invest $60 billion in Africa over five years in renewable power and digital infrastructure.

Mozambique's foreign direct investment rose 68% to $5.102 billion in 2021, surpassing Nigeria's $4.844 billion, which increased 103%.

Major foreign companies like Eni, Apache, and BP have invested $12.6 billion in Egypt's oil and gas sector.

The US plans to invest $33 billion in Africa, with Marriott and General Electric contributing $14 billion.

The EU plans to invest $150 billion in Africa's infrastructure through the Global Gateway initiative.

Google has invested $1 billion in Africa's digital transformation.

The AfCFTA agreement aims to create a single continental market by eliminating tariffs and trade constraints.

The African Continental Free Trade Agreement has 54 member states and came into effect in 2018.

The IFC aims to mobilize $10 billion in private investment into Africa annually by 2030.

The African Finance Corporation has invested over $10 billion in 37 African countries.

Africa needs $3 trillion by 2030 to address climate change, having already suffered $70 billion in drought-related losses.

The AfCFTA aims to create a single market of 1.3 billion people with $3.4 trillion GDP.

Africa received $83 billion in foreign direct investment in 2021, mostly from Europeans.

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.

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

Which countries are actively investing in Africa besides China?

The UK and France invested $65 billion and $60 billion, respectively, in Africa.

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

North Africa's foreign direct investment fell 5% to $9.3 billion in 2021.

Egypt's foreign direct investment decreased by 5.35% in 2020, but still attracted $8.14 billion in 2018.

Title:

Content: Report: Implementation of 58 foreign projects in Egypt during 2021 by 50 foreign companies
Tuesday ، 25 October 2022 05: 00 AM
Archival - $
Names of Amin.
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A report by the Cabinet Information Center revealed that the volume of foreign direct investments in Egypt in 2014 amounted to 4.61 billion dollars, an increase of 8.36% compared to 2013, and the volume of investments during 2015 and 2016 continued to rise, reaching in 2015 to 6.88 billion dollars, an increase of 41.4 billion dollars. 9.28% from the previous year, and in 2016 the volume of investments reached $8.10 billion, an increase of 17.7% from 2015, but in 2017 the volume of foreign direct investments in Egypt decreased by 8.6% from the previous year. $4 billion.
The report pointed out that foreign investments continued to rise again during 2018 and 2019, reaching a volume of 8.14 billion dollars in 2018, an increase of 9.87% from 2017.
Egypt recorded the highest level of foreign direct investment flows since 2010, an increase of 40.6%, and about 20% of the total volume of foreign direct investment in the African continent, which amounted to about $45.4 billion. In 2019.
In view of the challenges experienced by the global economy during 2020 and 2021 as a result of the crisis of the Corona epidemic, trade tensions between international powers, and the Ukrainian crisis in 2022, the volume of foreign direct investment to Egypt decreased by about 05.35% from 2019. $5.85 billion, and in 2021 it decreased by 12.47% from 2020 to $5.12 billion.
On some other indicators related to the reality of foreign direct investment in Egypt:
1 - Net foreign direct investment flows during the fiscal year 2019 / 2020 reached about 7.5 billion dollars, rising from 3.75 billion dollars in 2012 / 2013. The total value of private investments in Egypt during the year 2019 / 2020 reached about 305 billion pounds.
Egypt ranked 15th in the world in terms of FDI flows in 2019, compared to 23rd in 2018.
3. According to the report of the United Nations Conference on Trade and Development (UNCTAD), Egypt ranked second in Africa after South Africa in terms of the volume of foreign direct investment in 2021.
It came in third place at the Arab level after the United Arab Emirates and the Kingdom of Saudi Arabia.
In the same regard, 58 foreign projects were implemented in Egypt during 2021 by 50 foreign companies and 9,000 new jobs were created.
In addition, the number of new projects announced in Egypt more than tripled to reach $5.6 billion in 2021 compared to 2020.
6- Egypt has surpassed a large number of countries in terms of receiving foreign direct investments in 2021, and the most prominent of these countries are: Uruguay - Ecuador - Bahrain - New Zealand - Croatia - Bulgaria - Serbia - Switzerland.
7. During the last seven years, the total number of projects implemented for the development of free zones reached 20 projects at a total cost of 971 million pounds, and the number of investor service centers at the level of the governorates of the Republic reached 7 companies. A total of £643 million.
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The country is expected to receive $16.5 billion in foreign direct investment in 2024-2025 from various sectors.

Title:

Content: Tuesday 27 February 2024
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Portal of Parliament
Parliamentary: Egypt has become the most important investment destination in Africa and the Arab world
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MP Ibrahim El-Deeb, a member of the House of Representatives, said that Egypt is one of the most important investment destinations in the African continent and Arab countries, especially after following various ways that would attract foreign investment and employ it in vital sectors in favor of economic growth, and the recent period is the best evidence of this.
El-Deeb pointed out that Egypt ranked first in North Africa in attracting foreign direct investment according to the United Nations Trade and Development Report 2020, where it succeeded alone in acquiring 15% of the total investments flowing to the continent of Africa according to a report issued by the United Nations for Trade and Development on global investment in 2021.
"The International Monetary Fund has already announced that foreign direct investments will register continuous growth in Egypt, where it is expected to reach 16.5 billion dollars in the fiscal year 2025 – 2024, and what has been achieved on the ground during the last few hours confirms that Egypt is on the right track in the file of direct investment."
He pointed out that foreign direct investment (FDI) is one of the main engines of economic growth in the countries and contributes to the expansion of the investor base in the country, as well as to solve the problem of unemployment through the creation of new jobs and the introduction of new advanced technology for the state, and to learn about modern methods of management, organization and marketing, which leads to the acquisition of national workers. and more experience.

The construction sector had the largest share of capital value in Egypt in 2021/2022, with 31.2 thousand companies established.

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
66.7 billion dollars worth of net foreign direct investment in the past 10 years
The Central Agency for Public Mobilization and Statistics (CAPMAS), headed by Major General Khairat Barakat, announced that Egypt recorded the value of net foreign direct investments of $66.7 billion during the past 10 years, which amounted to $4.2 billion during the fiscal year 2013 / 2014, compared to $3.8 billion during the previous year, an increase of 11.3%, and an increase of $6.9 billion in 2015 / 2016. 8.7% from the previous year.
The statistics pointed to its rise to reach 7.9 billion dollars in 2016 / 2017, an increase of 14.4% from the previous year, and decreased in the following year to record 7.7 billion dollars, a decrease of 2.7%, then increased in 2018 / 2019 to reach 8.2 billion dollars, an increase of 6.7% from the previous year, and then returned to decline again in 2019 / 2020, registering 7.5 billion dollars, a decrease of 9.5%. The decline to reach 5.2 billion dollars, a decrease of 30% from the previous year, and with the efforts of the state to rise again to reach 8.9 billion dollars in 2021 / 2022, an increase of 71.4%.
The value of net foreign direct investment recorded 5.7 billion dollars during the first half of the fiscal year 2022 / 2023 compared to 3.3 billion dollars during the same period of the fiscal year 2021 / 2022, an increase of 2.4 billion dollars, an increase of 75.4%.
Saudi Arabia topped the list of the top ten countries investing in Egypt during the first half of the fiscal year 2022 / 2023, where the value of its investments amounted to 2.1 billion dollars, followed by the UAE 1.5 billion dollars, Italy 1.2 billion dollars, the United Kingdom 1.2 billion dollars, the United States of America billion dollars, Luxembourg 705.7 million dollars, the Netherlands 641.4 million dollars, China 418.6 million dollars, and Switzerland 388.6 million dollars. Kuwait $282.2 million.
The number of companies established according to the investment laws reached 31.2 thousand companies during the fiscal year 2021 / 2022 compared to 28.5 thousand companies during the fiscal year 2020 / 2021, an increase of 9.2%, and the value of capital of these companies recorded 117.4 billion pounds during the fiscal year 2021 / 2022 compared to 84.9 billion pounds during the fiscal year 2020 / 2021, an increase of 38.3%.
Egyptians accounted for the largest share of the capital value of companies established according to investment laws with a value of LE 108.9 billion during 2021 / 2022, representing 92.8% of the total capital, followed by Arabs with LE 5.2 billion and 4.5%, and finally foreigners with LE 3.2 billion and 2.7%.
The services sector topped the list of the highest sectors in which companies were established during the fiscal year 2021 / 2022, with 17.1 thousand companies, followed by the industry sector 5.2 thousand companies, then the construction sector 4.4 thousand companies, then the ICT sector 2.4 thousand companies, then the agriculture sector 1.5 thousand companies, then the tourism sector 496 companies, and finally the finance sector 27 companies.
The construction sector accounted for the largest share of the capital value of companies established in accordance with the investment laws during the fiscal year 2021 / 2022, where the value of the companies' capital recorded 57.1 billion pounds, followed by the services sector 29.3 billion pounds, then the industry sector 22.2 billion pounds, then the agriculture sector 3.6 billion pounds, then the tourism sector 2.1 billion pounds, then the ICT sector 1.7 billion pounds, and finally the finance sector 1.4 billion pounds.

Which African countries are driving the venture capital ecosystem?

Renewable energy projects reached 71 in 2021, worth $39 billion.

The African Investment Forum coordinated $32.8 billion in investments, including a $15.6 billion deal for the Lagos-Abidjan highway.

Title:

Content: Africa Investment Forum announces coordination of investments worth $32.8 billion - Sunrise Portal
Friday 18 March 2022 7: 02 AM Cairo Cairo 24 °
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Africa Investment Forum Announces $32.8 Billion Investment Coordination
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Published on: Friday 18 March 2022 - 6: 02 AM | Last updated on Friday 18 March 2022 - 6: 02 AM
African Development Bank (AfDB) President Akinwumi Adesina announced that the forum was successful in coordinating investment deals for projects in Africa worth $32.8 billion.
At the end of the Africa Investment Forum, Adesina said that the largest deal reached at the African Investment Forum, which was held by default, during the period from 15 to 17 March, amounted to $15.6 billion for the Lagos-Abidjan highway, which connects two major cities in West Africa, Nigeria and Ivory Coast.
The 1,200-kilometer highway will consist of four to six lanes and will take about six years to complete, he said.
The projects addressed by the forum touched on the sectors of agriculture, education, energy, climate, health care, minerals, mining and information and communication technology.
Adesina noted that other projects will include the creation of a new medical city in the Senegalese capital of Accra, a fund for health services for low-income populations in South Africa, and two platforms for the manufacture of pharmaceutical products: one in West Africa and the other in Kenya.
These projects are part of the bank ’ s response to COVID-19.
The forum was originally scheduled for late last year in the Ivorian capital Abidjan, but was postponed due to an increase in the number of Omicron cases.
Adesina said: “Through the African Investment Forum, we aim to offset some of the decline in investments that occurred as a result of the COVID-19 pandemic, where“ project funding decreased by about 49%, affecting infrastructure. ”
The AfDB sees its focus on infrastructure as boosting intra-African trade, which today accounts for only about 15% of the continent ’ s total trade, as investment flows are set to help accelerate the implementation of the African Continental Free Trade Area (AfCFTA), which is expected to be fully operational in 2030, to include a market of 1.2 billion people with a GDP of $2.5 trillion.
The African Export-Import Bank is also developing a system that will enable the transfer of funds between African countries instead of settling payments through US and European banks, an initiative that is expected to save the continent $5 billion in annual transaction costs.
“We have no choice but to make the African Continental Free Trade Area (AfCFTA) operational as soon as possible. ”
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The UK's BII plans to invest $60 billion in Africa over five years in renewable power and digital infrastructure.

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?

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

Mozambique's foreign direct investment rose 68% to $5.102 billion in 2021, surpassing Nigeria's $4.844 billion, which increased 103%.

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
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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.

Major foreign companies like Eni, Apache, and BP have invested $12.6 billion in Egypt's oil and gas sector.

Title:

Content: Wednesday, 06 September 2023 09: 39 GMT
Three international oil companies plan to invest $12.6 billion in Egypt
(MENAFN- Al-BoNews) Three international energy companies announced the injection of new investments worth $12.6 billion in Egypt over a period of one to four years, heralding the return of foreign investments in the sector to record a net inflow after witnessing a net exit of investments worth $4.7 billion during the period between July 2020 and March 2023.
Italy ’ s Eni said it plans to invest $7.7 billion in Egypt over the next four years, but gave no further details.
In its annual report for last year, Eni said it plans to increase production from Algeria and Egypt, raising the volume of its exports to Europe, which is seeking to dispense with oil and gas from Russia.
Egypt ’ s ENI reserves are 167 million barrels of liquids and 3.881 billion cubic feet of gas.
By the end of 2022, the number of oil wells operated by (ENI) reached 1253 wells, including 533.5 wells exclusive, while the gas fields reached 145 wells, including 44.7 wells, in 55 concessions.
The operator of the Zohr field said it had invested about $6 billion in the field by the end of 2022, including $373.9 million last year alone, and that its reserves from the field amount to about 650 million barrels of equivalent.
Apache said it plans to invest $1.4 billion in Egypt next year to explore and drill wells.
By the end of June, the company ’ s total assets in Egypt amounted to $3.365 billion, compared to $3.107 billion, and the company ’ s oil and gas production increased by 226.9 million barrels equivalent per day.
BP plans to invest $3.5 billion in research, exploration and development in the country over the next three years, in addition to drilling four new wells during the last quarter of this year, according to a statement from the Ministry of Petroleum.
The CEO of the British company, Bernard Looney, said that these investments are likely to double if new discoveries are made, and that the company is moving forward to develop its investments in Egypt and expand the development of natural gas resources.
According to the company ’ s annual report, it produces about 60% of Egyptian gas by the end of 2022, with a production rate of 1.272 billion cubic feet, other than 28 thousand barrels per day of crude oil.
The sector has not seen a net inflow since the fiscal year 2019-2020, when the net inflow at the time amounted to $1.1 billion, but it received foreign investments worth $13 billion since June 2013 until the end of March, including $12.8 billion net inflow after the liberalization of the exchange rate in the fiscal year 2016-2017 and 2018-2019.
Although the sector ’ s investments have not yet recovered since the pandemic, and the subsequent economic crisis; because of the war that led to a currency crisis and restricted the ability of companies to access foreign currencies, but the first quarter of this year saw a net decline in the flow of foreign investment abroad to about $67.5 million, compared to $565 million in the same quarter last year.
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Which countries are actively investing in Africa besides China?

The US plans to invest $33 billion in Africa, with Marriott and General Electric contributing $14 billion.

Title:

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

Which countries are actively investing in Africa besides China?

The EU plans to invest $150 billion in Africa's infrastructure through the Global Gateway initiative.

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Content: EU Plans to Raise $150 Billion in Infrastructure Funding for Africa | Deutsche Welle Germany | DW | 11.02.2022
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EU plans to raise $150 billion in infrastructure funding for Africa
With the newly launched Global Gateway initiative, the EU hopes to inject $150 billion into the continent.
The aim of the plan is to expand the EU's international influence and compete with China.
European Commission President Ursula von der Leyen introduced the EU's 150 billion euro investment plan during his visit to Senegal.
In Dakar, Senegal, she said the EU is the largest and most credible partner of the African continent.
Von der Leyen said that the Africa-Europe project is the first regional initiative of the European Union (EU) since the launch of the Global Gateway initiative in December last year.
The European Union (EU) hopes to use the Global Gateway to expand Europe's international influence. Von der Leyen stressed that although the project is funded by the EU, it will be implemented in partnership.
Von der Leyen at the Global Gateway Initiative press conference on December 1, 2021.
Global portals for the world
Through the “Global Gateway ” initiative, the EU plans to provide a total of 300 billion euros in infrastructure to emerging and developing countries around the world over the next few years.
For this purpose, the EU will receive funding from a range of EU institutions and projects, including the European Investment Bank (EIB).
The proposed investment plans include the construction of climate-neutral liquid hydrogen energy facilities in Africa and a submarine data cable linking the European Union and South America.
In addition, the funds will be used to build roads, railways, Internet networks, health, education and scientific research.
For several years, China has been promoting the “Belt and Road ” project in Africa.
The picture shows the Zambian international airport built by China.
More details of Africa ’ s investment plans will be unveiled during the EU-Africa summit in Brussels next week. The Global Gateway will compete with China ’ s Belt and Road initiative.
In the past few years, China has launched related projects in many countries.
Critics pointed out that investors from China and Russia on the African continent often do not pay attention to issues such as environmental protection and human rights.
China has also been accused of dragging some African countries into debt traps with unrepayable loans.
(Reuters, DPA, Agence France-Presse)
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Which countries are actively investing in Africa besides China?

Google has invested $1 billion in Africa's digital transformation.

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Content: Optimists talk about Africa as the next economic frontier

By 54m ago

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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.

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What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

The AfCFTA agreement aims to create a single continental market by eliminating tariffs and trade constraints.

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Content: CSOs in Accra for AfCFTA conference

A three-day consultative seminar on the Africa Continental Free Trade Area (AfCFTA) among civil society organisations (CSOs) from across Africa is underway in Accra.

The seminar, sponsored by the Africa Trade Network, aims to share perspectives on AfCFTA, exchange detailed information on the processes, and form an agenda for future interactions among CSOs regarding the trade pact and broader trade development advocacy in Africa.

The Head of Programmes, Third World Network (TWN), Tetteh Hormeku-Ajei, told the Daily Graphic that the seminar would address the challenges involved in the implementation of the continental free trade agreement and provide solutions.

He noted that implementation of the AfCFTA since its adoption had not been straightforward, with some of the protocols still inconclusive.

The seminar will offer participants the opportunity to share their analysis and information on AfCFTA issues and processes.

They will also engage with representatives of the range of policy making institutions involved with the AfCFTA.

Seminar

Topics slated for discussion include Africa in the context of global economic and political challenges, broad overview of Africa’s economic structure and its dynamics, interrogating the thematic issues confronting Africa today, domestic resources mobilisation, taxation and financial flows in Africa.

Panel discussions and presentations will be employed to deal with the issues, with some personalities such as Everlyn Muendo of Tax Justice Network-Africa, Fambai Ngirande of the Zimbabwe Coalition on Debt and Development, and Dr Yao Graham of the TWN participating.

Implementation

The Africa Trade Network has indicated that the implementation of the concluded protocols on Trade in Goods and on Trade in Services under the AfCFTA have been challenged by the need to create rules to operationalise those protocols.

Final agreement on Trade in Goods remains to be reached in areas such as rules of origin and final tariff schedules.

AfCFTA is a free trade area consisting of most African countries.

It came into effect in 2018 by the African Continental Free Trade Agreement, which has 43 parties and 11 signatories, making it the largest free-trade area by number of member states after the World Trade Organisation, covering a population of 1.3 billion people across the world's second largest continent.

The AfCFTA is anticipated to progressively eliminate tariffs, as well as other non-tariff constraints on intra-African trade, making it easier for businesses in Ghana, for example, to trade within the continent and explore opportunities.

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The African Continental Free Trade Agreement has 54 member states and came into effect in 2018.

The IFC aims to mobilize $10 billion in private investment into Africa annually by 2030.

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Content: Creating the framework to attract private investment into Africa

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By Omar Ben Yedder. Published on November 3, 2022

The International Finance Corporation (IFC) is on course to mobilise $10bn of private sector investment annually into Africa by 2030 says its vice president for Africa.

The African Finance Corporation has invested over $10 billion in 37 African countries.

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Content: ECONOMY
Finance: African finance and development institutions join hands to support emerging economies
Thank you for reading the news about finance: The convergence of African finance and development institutions supports emerging economies and now with the details
• Cairo - Samia Sayed - Unifying African visions..
It provides opportunities for alternative funding.
It achieves continental self-sufficiency.
Appreciate the role of the African Finance Corporation in providing innovative and supportive solutions for the development process in Africa.
• We look forward to increasing AFC ’ s investments in infrastructure projects in Egypt
Minister of Finance Mohamed Maait stressed the need to join efforts of African finance and development institutions to provide low cost soft financing to support emerging economies in Africa to face the repercussions of the current global crises that affected various countries, starting with the pandemic and then the war in Europe and coinciding with the climate changes as a result of global warming.
During his meeting with Smila Zbeiro, President and CEO of the African Finance Corporation, on the sidelines of his participation in the “Net Zero Emissions ” summit in London, the minister said that Egypt, as a member of the African Finance Corporation, is keen to coordinate to unify the visions of African countries to face the challenges posed by international turmoil on the continent. to protect African economies.
The minister said that we look forward to increasing AFC ’ s investments in Egypt in infrastructure and development projects, heavy industries, telecommunications, transport, logistics and green transformation, thus contributing to providing concessional financing to support public and private sector projects in a way that helps boost production and enhance the Egyptian economy ’ s capabilities to support sustainable economic growth.
The Minister expressed his appreciation for AFC ’ s vital and pioneering role in providing innovative solutions to support Africa ’ s development path, financial and technical consulting, project structuring and risk-free infrastructure assets financing to meet Africa ’ s infrastructure development needs and drive sustainable economic growth, pointing out that AFC has a track record of achievements for more than 15 years in various vital sectors, with an investment portfolio exceeding $10 billion in 37 countries in Africa.
You can follow the news of Egypt and the world from a site through Google News
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Africa needs $3 trillion by 2030 to address climate change, having already suffered $70 billion in drought-related losses.

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Content: African Bank Meetings: Focus on Attracting External Finance and Crucial Institutional Reform in Africa
President of the African Union Commission, Moussa Fakih, during a speech at the opening of the 58th Annual Meetings of the African Development Bank (AfDB) in Sharm el-Sheikh, Egypt, stressed the importance of these meetings focusing on ways to attract external financing for the implementation of green investments in the continent.
He stressed the need for member states to take specific reforms to reduce investment risks by preventing all manifestations of corruption and embezzlement of public funds and reviewing the inappropriate tax base and illegal financing.
During these meetings, which will be held from May 22 to 26, 2023, under the theme "Mobilizing private investment for climate and green growth in Africa", with the attendance of about 4,000 participants from 81 countries, Fakih said that the failure of African countries to implement these critical reforms will lead to the emergence of an amorphous business climate that lacks competitiveness.
In this regard, he called for the lifting of financial restrictions that hinder the advancement of development in Africa, urging financiers to take concrete and specific decisions for the benefit of the peoples of the continent and avoid successive promises.
He pointed out that the African continent is subject to unfair tax charges as it is a high-risk region, and is often subjected to downgrade by international agencies, which negatively affects the confidence of foreign investors in this market.
The Chairperson of the African Union Commission expressed the hope that these annual meetings will not be another occasion to discuss the often-delayed financing of Africa, noting the importance of the talks to focus on ways to find optimal financing mechanisms and achieve win-win partnership.
For his part, the Governor of the Bank of Egypt and the Chairman of the Board of Governors of the African Development Bank Group, Hassan Abdullah, spoke about the important financing gap facing the African countries to reduce the effects of climate change, pointing out that the volume of domestic and international financial financing allocated to this in Africa did not exceed 12 percent of the total financing required in 2020, equivalent to about $30 billion.
He pointed out that climate change has led to increasing economic pressures on the continent and widening funding gaps due to the decline in the volume of international aid, the heavy debt burden and the increasing costs of social precaution, which hindered the implementation of development plans of African governments.
Climate change has also reduced the water resources of 75 to 250 million people in Africa and halved the rate of agricultural production based on rainwater, he said.
In the same context, the Governor of the Central Bank of Egypt called for the need to encourage the private sector to provide investments for the benefit of the climate and strengthen the partnership between the public and private sectors.
He praised the importance of the role of the African Development Bank in enhancing the confidence of private investors.
Abdullah said that the convening of the African Bank meetings for 2023 coincides with the emergence of many challenges for African countries, such as the disruption of the performance of the financial sector, increasing inflationary and geopolitical pressures, as well as the repercussions of the COVID-19 crisis.
For his part, the President of the Arab Republic of Egypt, Abdel Fattah al-Sisi, called on multilateral financial institutions to reconsider the criteria and conditions that qualify countries to obtain soft loans to become available to low- and middle-income countries, especially in light of the high cost of borrowing and increased debt service burdens and its negative repercussions on the budget of these countries.
Al-Sisi said that climate changes have cast a shadow on all countries of the world and have further affected the least developed countries through the frequency of drought, the expansion of desertification and the reduction of the rate of agricultural production.
Drought-related risks in Africa alone have led to losses of more than $70 billion and a 43 percent decline in agricultural production growth.
The Egyptian president said that the continent needs about $3 trillion in funding by 2030 to face the negative impacts of climate change.
In the same context, the continent also needs to find $144 million annually to finance the negative effects of the COVID-19 pandemic and about $108 billion annually to finance infrastructure development and upgrading projects.
Akinwumi Adesina, President of the African Development Bank Group, said securing financial resources to mitigate climate change was “becoming difficult ” for African countries suffering from high indebtedness and inflation caused by a combination of global geopolitical conflicts.
Adesina stressed that financing for climate initiatives is not reaching the required level, noting that the African continent needs $2.7 trillion between 2020 and 2030.
He pointed out that the African Bank was able to provide 45% of total climate finance in 2022, which exceeds its commitments (40%), highlighting the Bank ’ s commitment to inject about 63% of total climate finance, thus exceeding the global target of 50%.
The President of the African Development Bank (AfDB) continued: “We have also launched an Africa-wide Acceleration Program for Adaptation and Adaptation to Climate Change with a mobilization of $25 billion.

The AfCFTA aims to create a single market of 1.3 billion people with $3.4 trillion GDP.

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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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