Africa's foreign direct investment reached $1.65 trillion in 2021, a 77% increase from 2020.

The continent offers competitive opportunities for investors, with African markets having the highest global return on investment.

Foreign investment in Africa is expected to focus on sustainable infrastructure, such as the Just Energy Transition Partnership to decarbonize South Africa's economy.

Egypt's economy grew 6.6% in 2021/2022 and 4.4% in Q1 2023, with foreign direct investment expected to reach $16.5 billion by 2025.

The African Continental Free Trade Area (AfCFTA) aims to create a single market of 1.3 billion people with a $3.4 trillion GDP.

A $20 billion wind energy project in Morocco, backed by major foreign companies, aims to export energy to the UK.

Foreign investment in Africa has focused on regions like North, West, and East Africa, with countries such as Egypt, South Africa, and Nigeria being major recipients.

Industrial areas with significant foreign investment include infrastructure, mining, finance, renewable energy, agriculture, and tourism.

Major foreign companies like Google, Microsoft, and Coca-Cola have invested in Africa, often in partnership with local entities like the African Development Bank and the Egyptian government.

Africa's projected foreign investment is significant, with $16.12 trillion in consumer spending expected by 2050.

Foreign investment in Africa can drive economic growth, but it must be managed to minimize negative social and environmental impacts.

Public-private partnerships play a crucial role in Africa's economic growth, implementing infrastructure projects and bridging budget gaps.

Addressing challenges like energy deficits, corruption, and regulatory uncertainties is essential to unlock Africa's full potential.

Africa is expected to continue attracting foreign investment due to its large market, rich resources, and improving business climate.

Africa's foreign direct investment reached $1.65 trillion in 2021, a 77% increase from 2020.

Title:

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

The continent offers competitive opportunities for investors, with African markets having the highest global return on investment.

Title:

Content: Thursday 25 May 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Banks.
Hassan Abdullah: African markets have the highest return on investment in the world
Follow the latest news through the app
The African Development Bank Group ’ s annual meetings for 2023, hosted by Egypt in Sharm El-Sheikh from 22-26 May 2023, and chaired by the Governor of the Central Bank of Egypt, Hassan Abdullah, addressed a number of important topics, foremost of which was to put forward a complete vision to attract the private sector and expand business in the continent, according to real investment standards based on feasibility studies and profit, rather than social responsibility. African countries have unprecedented competitive opportunities and high returns on invested capital.
In this regard, Hassan Abdullah, Governor of the Central Bank of Egypt and Chairman of the Board of Governors of the African Development Bank Group, said that the African continent has the highest return on investment in the world for the private sector and has huge and unprecedented investment opportunities for investors, pointing out that this potential qualifies the continent to attract private capital and international investments to work within its countries based on the principles of investment such as profitability and return on capital.
He also stressed the importance of providing mechanisms to reduce the risks that hinder the expansion of private sector investments in Africa, while creating financing opportunities commensurate with the conditions of the African continent, in terms of long lending terms and low cost of interest, in order to encourage attracting private investments, enhance capital flows to promote the economies of the region, and benefit from the strong competitive opportunities offered by African countries.
He expected that the provision of incentives to attract private investments in the African continent, and the arrival of the private sector to invest in the countries of the continent, will contribute to making Africa at the forefront of the continents to achieve growth rates, because of the resources it has to qualify to achieve this.
The meetings of the Board of Governors of the African Development Bank Group, chaired by the Governor of the Central Bank of Egypt, witnessed the attendance of about 3,650 participants, representatives of 81 countries, with the participation of central bank governors, ministers of finance, planning and investment, and senior government officials, including 54 African countries and 27 non-African countries, in addition to the participation of the G7 countries: America, France, Britain, Italy, Canada, Japan and Germany.
The African Development Bank (AfDB) is a multilateral development finance institution established in 1964 to contribute to economic development and social progress in African countries.

What trends are emerging for African startups in 2022?

Foreign investment in Africa is expected to focus on sustainable infrastructure, such as the Just Energy Transition Partnership to decarbonize South Africa's economy.

Title:

Content: Africa Business World

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

– Advertisement –

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.

– Advertisement –

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

– Advertisement –

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

Related posts

Egypt's economy grew 6.6% in 2021/2022 and 4.4% in Q1 2023, with foreign direct investment expected to reach $16.5 billion by 2025.

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
Follow the latest news through the app
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 African Continental Free Trade Area (AfCFTA) aims to create a single market of 1.3 billion people with a $3.4 trillion GDP.

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

Open in app

A $20 billion wind energy project in Morocco, backed by major foreign companies, aims to export energy to the UK.

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 countries are actively investing in Africa besides China?

Foreign investment in Africa has focused on regions like North, West, and East Africa, with countries such as Egypt, South Africa, and Nigeria being major recipients.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
Kabbaj at Egypt Builders Forum 2023: The African continent has become a haven for investment in people and stone
Minister of Social Solidarity Nevine Kabbaj participated in the activities of the eighth edition of the forum « Builders of Egypt 2023 », which was held under the patronage and presence of His Excellency the Prime Minister Dr. Mostafa Madbouly, and organized under the slogan « Egypt's promising opportunities to export the construction industry to the countries of the region ».
This came in the presence of Dr. Mohammed Shaker, Minister of Electricity and Renewable Energy, Dr. Asim Al-Jazzar, Minister of Housing, Utilities and Urban Communities, Ambassador Soha Jundi, Minister of State for Immigration and Egyptian Affairs Abroad, Eng. Hassan Abdul Aziz, President of the African Union of Construction Contractors Organizations, and Eng. Zakaria bin Abdulrahman Al-Abdulkader, President of the Saudi Contractors Authority.
The Minister of Social Solidarity stressed that the African continent has become a haven for investment year after year, and there have been many and renewed investment opportunities in many African and Arab countries, albeit in varying proportions, whether it is an investment in infrastructure or an investment in people, ensuring huge opportunities to finance the sustainable development agenda and contribute to the face of climate change. It is the continent that contains about 40% of the world ’ s gold, 30% of its mineral reserves, 90% of its chromium and platinum, in addition to the world ’ s largest reserves of uranium, diamonds and platinum, 12% of its oil reserves and about 8% of the world ’ s natural gas.
Al-Kabbaj added that President Abdel Fattah Al-Sisi stressed the importance of maximizing the opportunities to attract investments to the African continent so that the countries of the continent take their place, with the need to govern the use of resources and rationalize them, and the high demands to achieve the digital revolution and financial inclusion, which facilitates savings opportunities and allows the accumulation of assets and thus supports promising economic activities.
She pointed out that the African Union has become a member of all African countries without exception, and hopes are still pending that the African Union will become an entity similar to the European Union to ensure economic and political integration among the countries of the continent, thus contributing to the optimal utilization of its potential.
The Minister of Social Solidarity pointed out that one of the most important sectors in which great investment opportunities are available is the construction sector, including making the most of Arab and African funds, and increasing their financing volumes for all companies, where Egyptian companies received preference in these funds from the African Development Bank, and signing huge projects contracts between the two parties reached $50 billion in the period 2020-2022. All entities working in the real estate sector in the Egyptian market, whether development companies, contracting companies, engineering consulting offices, etc., are considered as one of the most efficient and competent real estate companies on a global level. This has resulted in the desire of countries in the continent to use the expertise of companies to establish development projects.
Al-Kabbaj said that the forum seeks to expand on the areas discussed during the eighth session of the forum, to address development projects in many African and Arab countries in the fields of construction and green construction, transport, industry, tourism and other investment fields, which enhances the implementation of expansion plans in these markets.
Al-Kabbaj stressed the importance of preserving the rights of irregular workers, including construction workers, especially in light of the commitment of countries to preserve labor rights, and there are balanced labor relations between the two sides of the production process, and ensure collective bargaining, and work on the availability of conditions of security, safety and health, and insurance protection, as well as protect workers from the risks of unemployment, disability and death.
She pointed out that social protection is a key factor in reducing poverty, contributing to economic growth, boosting productivity and capital turnover, achieving inclusive growth and sustainable development. We also emphasize the importance of improving the coverage, availability and quality of occupational and primary health care services and social protection systems to prevent work-related diseases and injuries and ensure positive health outcomes among migrant workers and their families.
African countries have shown strong political will to expand coverage and recognize the importance of social protection in reducing poverty, fighting inequality, promoting gender, equity and inclusiveness of development, reflected in the Yaoundé Tripartite Declaration on Scaling up the Implementation of the Social Protection Floor in 2011, the AUC Ouagadougou Declaration, and other international and continental commitments such as Agenda 2063, the Abidjan Declaration. To advance social justice, the Union ’ s Strategic Framework for Social and Economic Affairs, and the Future of Work in Africa adopted by ILO constituents during the 14th African Regional Meeting in December 2019, calls for the progressive and sustainable expansion of social protection coverage for all.
We also mention the importance of preparing an electronic system that allows workers to register all contracting operations electronically without the need for the contractor or his representative to go to the insurance offices of the contractor and deal through the insurance office of the contractor, in addition to improving the licensing system for migrant workers and improving their performance and efficiency.
Women ’ s economic empowerment is also a key pillar for inclusive growth and sustainable development. Females in Africa do 66% of work and produce 50% of lunch, yet their share of income does not exceed 10% and their share of ownership is 1%. Any strategy to achieve sustainable development, poverty reduction or food security must focus on empowering African women as key partners in development.
Al-Kabbaj pointed out that the rise of the principles and practices of social justice is no longer only a human and values concept, but a complete system of justice, economic, social, political and cultural, and the escalation of social, insurance and health protection measures in a coherent system at a stage characterized by calling for the cohesion of the fabric of societies, reducing inequalities, promoting equality and equal opportunities, maximizing investment opportunities, and promoting human rights principles and practices.
She also pointed out the importance of cooperative housing as an integral part of the housing market, so we encourage the continued expansion of the cooperative housing sector as a solution to housing needs, meaning that there are opportunities to cooperate also with the General Authority for Building and Housing Cooperatives, which has a track record of more than 65 years in establishing innovative partnerships between local communities and the public and private sectors. The Authority has provided a great deal of facilities during the past five decades, which led to the construction of more than 1,400,000 houses inhabited by more than six million Egyptian citizens.

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Industrial areas with significant foreign investment include infrastructure, mining, finance, renewable energy, agriculture, and tourism.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
Economic and legislative reforms attract African and international investment.
Competition must be doubled.
Parliamentary demands to continue government efforts to achieve development and attract investments
Parliamentary stresses the importance of economic and legislative reforms to attract African and international investments
Africa is a promising market.
The Government shall promote investments in various fields.
New parliamentary moves to support attracting African investments in Egypt, in all fields, in light of the availability of qualified manpower and infrastructure.
He called for the need to know all the obstacles that prevent attracting investments to African countries to work inside Egypt, in light of the existence of competition from other countries in the region.
From this perspective, Rep. Evelyn Matta, a member of the Industry Committee of the House of Representatives, asked for a briefing to Engineer Ahmed Samir, Minister of Industry and Trade, on the role of the Ministry of Industry in attracting investments to African countries to work inside Egypt through pumping large investments.
Mata pointed out that attracting investments to African countries and working inside Egypt is considered as a kind of industrial partnership, so that we benefit from their presence to pump investments inside Egypt, stressing that we have large manpower, and at the same time we have tourist resorts, capacity and infrastructure.
She called on the member of the Industry Committee of the House of Representatives to benefit from attracting investments, whether from Africa to Egypt, or from Egypt to Africa, wondering about the role of the Ministry of Industry on this after providing the infrastructure that has been built, and opening the fields between Egyptians and Africans inside and outside Egypt.
She concluded by saying that we should not overlook the efforts of the Egyptian African Businessmen Association in pumping large investments in Egypt and Africa, pointing out that we do not sell land in Egypt, but we inject new investments and provide job opportunities to open the door of livelihood and provide raw materials and factories, as we have a window for export to all over the world.
MP Amr Hindi, a member of the House of Representatives, said that African investments in Egypt have witnessed a remarkable increase in recent years, pointing out that Egypt is working to strengthen economic and commercial partnerships with African countries.
Hindi pointed out that these joint investments are based on various sectors such as infrastructure, energy, industry, agriculture and tourism.
The member of the House of Representatives said that the continent is a promising market, calling on the government to promote investments in Africa in various fields and sectors.
He called for the need to give special priority to agricultural investment, logistics areas and related activities such as agricultural industrialization, pointing out that the increase of investments in Africa comes within the framework of the orientation to support regional integration mechanisms, which is the slogan of the stage.
Senator Ahmed Elbalshi said that Egypt is one of the main destinations for African investments, as it attracts many companies and investors from the countries of the continent.
He stressed the importance of the government's efforts to achieve development and attract local and foreign private investments, noting that the Egyptian government adopts policies and procedures to facilitate the investment process and enhance trade with African countries, which enhances Egypt's attractiveness as a major investment center in the continent.
The senator called for boosting Egyptian investments in African countries in many fields, stressing the importance of knowing all the obstacles that prevent attracting investments to African countries to work inside Egypt.
He pointed out that with competition from other countries in the region, there must be serious and redoubled work to improve the investment environment through economic reforms and appropriate legislation to attract more African and international investment.

Major foreign companies like Google, Microsoft, and Coca-Cola have invested in Africa, often in partnership with local entities like the African Development Bank and the Egyptian government.

Title:

Content: World News
"Start."
A study by the Egyptian Center confirms that the initiative creates new opportunities for growth
Thank you for reading about "Start".
A study by the Egyptian Center confirms that the initiative creates new opportunities for growth.
Egypt is moving forward towards an investment map to localize local industries led by the national initiative to develop Egyptian industry "Start", with a deliberate desire to achieve measurable social and environmental investments that address the problems of Egyptian industry, create new opportunities for growth, and push the Egyptian economy towards global markets.
Investing in impact
A study by the Egyptian Center for Thought and Studies revealed that investing in impact is intended to generate and create sustainable social and environmental impacts in measurable proportions of the returns and profits of financial investment. Impact investing includes various types of projects (strategic, national, small, medium,... etc.) depending on their size or economic sector (government, private, non-profit,...
and others)
There are many types and forms, some of which are direct such as providing support (financial, logistical, training, supervisory, advisory, etc.).
Some of them are indirect, such as funds intended to provide various types of conditional support, such as secured or unsecured loans, or conditional on property rights, usufruct rights, or the calculation of a specific share of revenues, and others.
You may also read.

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

Africa's projected foreign investment is significant, with $16.12 trillion in consumer spending expected by 2050.

Foreign investment in Africa can drive economic growth, but it must be managed to minimize negative social and environmental impacts.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
UN calls on Africa to work on strategies that invest in people
António Pedro, Acting Executive Secretary of the United Nations Economic Commission for Africa, called on African countries affected by multiple crises to implement and invest in people-centred strategies to mobilize financial resources and accelerate the recovery of the continental economy.
Speaking at the 55th Conference of African Ministers of Finance, Planning and Economic Development, which concludes today in Addis Ababa, Pedro pointed out that Africa is at the heart of the global transition towards sustainable development, through programs such as reducing carbon emissions in production systems, providing electrical infrastructure for transportation and accelerating the use of renewable energy, to support Africa ’ s recovery from many crises.
Pedro stressed the need to adopt measures that will reduce economic and social marginalization, reduce economic inequality, achieve faster, inclusive and more resilient growth and accelerate poverty reduction in Africa, stressing that Africa needs a people-centered development model that includes reducing poverty and inequality and integrating it into national and regional development strategies.
He added that the continent needs to strengthen the macroeconomic foundations and access to appropriate financing in order to promote structural transformation, and called for reducing the risks of investment in the continent for domestic and foreign investors alike, calling for increased projects financed by banks that are able to achieve the largest possible return on the social and economic level.
He pointed out that the AfCFTA represents an opportunity to bridge the gap in terms of marginalization and injustice and accelerate recovery and transformation in Africa, noting that increasing financing for long-term development requires multiple visions, including increasing domestic and regional financial markets, and engaging in a carbon credit market that can provide Africa with $82 billion that can drive sustainable industrialization and economic diversification.
For his part, the Ugandan Minister of State for Finance and Development and Head of the Bureau of the 55th session, Henry Musasizi, said that African countries must implement reform policies to address the injustice and poverty that have become worse as a result of the many crises that have affected Africa, especially that we have less than eight years to implement the United Nations Sustainable Development Goals 2030.

Public-private partnerships play a crucial role in Africa's economic growth, implementing infrastructure projects and bridging budget gaps.

Title:

Content: Boden announces the activation of a fund to support public-private partnership
Prime Minister Najla Boden announced on Thursday the activation of a fund to support the public-private partnership and enhance the capabilities of the Public Authority for Public-Private Partnership, in addition to the concentration of specialized units in this field at the level of various ministries and structures concerned, in order to continue adopting this partnership in pushing investments in Tunisia.
During the opening of a seminar on “Public-Private Partnership for Sustainable and Inclusive Growth in North Africa, ” Boden stressed the government ’ s determination to continue cooperation with the African Development Bank Group and North African countries to focus institutional communication channels, sign joint agreements and develop regional projects along the Maghreb route.
"..."
She added, in the same context, programming the organization of this event periodically every year in line with the goals of sustainable development of the United Nations, especially goal 17, which requires strengthening partnerships between governments, the private sector and civil society.
Speaking from a distance on a mission outside Tunisia, Boden pointed to the government ’ s work to develop public-private partnerships, especially by improving the business climate, selecting high value-added projects and placing them within the state ’ s priorities to accelerate their achievement, as they have a direct impact on the lives of citizens in various regions.
She pointed to the possibility of adopting the principle of public-private partnership to implement infrastructure projects to provide innovative and innovative capabilities among youth and financing expertise in the private sector, so as to contribute to changing the equation from a fragile economic growth influenced by external factors and global developments to a comprehensive and sustainable prosperity in which the public and private sectors meet within a common interest.
The development of infrastructure is necessary to stimulate investments, establish institutions, provide jobs and improve the quality of life of citizens.
She added that this requires providing the necessary funds for the construction of networks of bridges and roads, the concentration of equipped ports, the creation of cities and economic spaces, as well as enhancing the readiness of energy infrastructure to ensure the success of the energy transition and fusion in the green economy systems.
The prime minister acknowledged the widening gap between budgets for infrastructure development in African countries and the growing needs for these services, despite governments seeking to boost public investment in this area and overcome pressures on public finances in the region.
She noted the limited options available to the state to pay investments, which are either more debt and burdening the budget or searching for new approaches to diversify sources of financing public projects such as public-private partnership and the economic advantages it provides, in addition to its role in ensuring the speed and efficiency of the implementation of projects.
It is worth mentioning that the seminar on "Public-Private Partnership for Sustainable and Inclusive Growth in North Africa" is organized at the initiative of the General Authority for Public-Private Partnership and the Deposit and Trust Fund with the participation of the African Development Bank on 15 and 16 June 2023 in Tunis.
*. *. *

Addressing challenges like energy deficits, corruption, and regulatory uncertainties is essential to unlock Africa's full potential.

Title:

Content: Chairman of Wafd Party
Dr. Abdul Sindh Yamama
Chairman of the Board of Directors
Dr. Ayman is an accountant.
Editor-in-Chief
I'm sorry.
Wajdi Zainuddin
Chairman of Wafd Party
Dr. Abdul Sindh Yamama
Chairman of the Board of Directors
Dr. Ayman is an accountant.
Editor-in-Chief
I'm sorry.
Wajdi Zainuddin
Al-Qusair presents the efforts of the Egyptian state in creating the investment climate in Egypt
The Minister of Agriculture and Land Reclamation addressed the trade and investment session of the China-Africa Agricultural Forum currently held in the Republic of China.
At the beginning of his speech, Al-Qusayr pointed out that the African continent possesses vast natural and economic resources, including millions of hectares of arable land, huge wealth of mining, natural gas, forests, natural pastures and wildlife, and retains a large proportion of the world ’ s natural resources from renewable and non-renewable energy sources. Coronavirus, the Russian-Ukrainian crisis and the current situation in the Middle East, as well as climate change
He stressed that investment between countries depends primarily on the availability of data and information on investment opportunities and incentives in each country, as the lack of flow of this information greatly affects the movements of capital, in addition to the fact that there are many investments afraid of the absence of guarantees that allow the exit of funds or investment returns.
He said that political stability and conflicts affect the flow of investment, as the main factor in attracting investments is to ensure stability in any country where projects are established, as well as the differences in customs and tax transactions between countries and therefore it is considered a return of movement in investment transactions....
He said that payment systems, banking services and settlement mechanisms should be developed, especially in countries that do not have a large amount of dollar reserves, as the slowdown in growth and the acceleration of inflation led to stagnation in the movement of trade with high prices of fuel, energy and transport, and those challenges facing emerging markets, weak capital flows, inflationary explosions, political tensions and military escalation.
On the reasons for the weak trade exchange, Al-Qusair said that they are:
· Poor logistics with high transport, handling and insurance costs with increased risks due to wars, disasters and conflicts.
Supply and supply chains are disrupted by successive and interlocking crises and challenges.
Some countries impose restrictions on their exports on some goods due to food security conditions and protection of their internal situation.
· Increasing distances between production and consumption markets, which leads to increased costs.
Conflicts in key areas of production (such as the crisis in Russia and Ukraine) have greatly affected trade.
Many importing countries, especially poor or developing countries, may not have a payment settlement system.
Many do not have the financial means to create adequate reserves to enhance their food security.
· Many of the materials are exported as raw materials without manufacturing processes, which loses the added value and thus affects the volume of trade between countries.
"Al-Qusair" reviewed the efforts of the Egyptian state in stimulating the investment climate and was represented in the amendment of investment laws to allow the existence of guarantees and incentives for investment announced and the approval of one (golden) approval for projects.
The state also ensures that investments and their returns come out at any time without restrictions, in addition to the fact that investors and stakeholders are involved in the manufacture of laws and regulations.
The Egyptian state also expanded in establishing free zones and economic zones.
The Minister of Agriculture put forward the required measures to stimulate and stimulate investment, namely:
-- Improving international trade is a catalyst for economic and social development, has contributed to better living standards and increased investment, and is an important tool for promoting integration among countries.
- The need to increase investment first and second, especially in economic and social infrastructure to enhance employment, increase productivity, improve energy efficiency and reduce greenhouse gas emissions, within the framework of a coordinated international effort focused on achieving common international goals.
- Improved information flow and accessibility.
Enabling free trade agreements between countries.
- Large countries and development partners should provide concessional and catalytic financing, especially to support the capacity of African countries and emerging economies to finance adaptation and mitigation programmes.
It is worth mentioning that the Minister of Agriculture and Land Reclamation is currently participating in the Forum on China-Africa Agricultural Cooperation at the invitation of Dr. Tang Ringyan, Minister of Agriculture and Rural Development of China.
The Minister of Agriculture, during his participation in the forum, was accompanied by dr.
Saad Moussa, Supervisor of Foreign Agricultural Relations at the Ministry of Agriculture.

Africa is expected to continue attracting foreign investment due to its large market, rich resources, and improving business climate.

What trends are emerging for African startups in 2022?