Foreign direct investment (FDI) in Africa has shown fluctuating trends in recent years.

After a record inflow of $80 billion in 2021, FDI dropped to $45 billion in 2022, representing 3.5% of global FDI.

However, while overall investment value fell, the number of new investment projects actually increased by 39% to 766, with six of the 15 largest new mega-projects (each exceeding $10 billion) announced in Africa, particularly in energy and infrastructure sectors.

Egypt stands out as a significant FDI recipient, with inflows more than doubling to $11 billion in 2022, driven by cross-border mergers and acquisitions[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Regionally, the Common Market for Eastern and Southern Africa (COMESA) attracted $22 billion, up 14%, the Southern African Development Community (SADC) quadrupled to $10 billion, and the West African Economic and Monetary Union (WEMU) doubled to $5.2 billion.

The East African Community (EAC) also saw a 9% increase to $3.8 billion[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Conversely, North Africa experienced a decline of 5% in FDI to $9.3 billion in 2021, with variations among countries: while Tunisia and Morocco saw modest increases (Morocco by 52% to $2.2 billion), Egypt’s FDI dropped 12% but remained Africa’s second largest beneficiary[ da89937a-32d7-40db-beb3-46050cdb3c6d_927341125].

Sector-wise, traditional industries like energy, mining, oil, and gas continue to dominate, particularly with significant investment in energy and gas supply projects increasing from $24 billion in 2021 to $120 billion in 2022.

Construction and extractive industries also saw increased project value to $24 billion and $21 billion respectively.

Telecommunications and information technology recorded the largest number of new projects.

Emerging sectors gaining attention include financial technology (fintech) and healthcare/pharmaceuticals.

Seven out of 10 new African unicorns in 2021 were fintech firms.

Foreign direct investment (FDI) in Africa has shown fluctuating trends in recent years.

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

After a record inflow of $80 billion in 2021, FDI dropped to $45 billion in 2022, representing 3.5% of global FDI.

Title:

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

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

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

However, while overall investment value fell, the number of new investment projects actually increased by 39% to 766, with six of the 15 largest new mega-projects (each exceeding $10 billion) announced in Africa, particularly in energy and infrastructure sectors.

Egypt stands out as a significant FDI recipient, with inflows more than doubling to $11 billion in 2022, driven by cross-border mergers and acquisitions[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

What trends are emerging for African startups in 2022?

significant merger and acquisition activity

Which African countries are driving the venture capital ecosystem?

Regionally, the Common Market for Eastern and Southern Africa (COMESA) attracted $22 billion, up 14%, the Southern African Development Community (SADC) quadrupled to $10 billion, and the West African Economic and Monetary Union (WEMU) doubled to $5.2 billion.

What trends are emerging for African startups in 2022?

The East African Community (EAC) also saw a 9% increase to $3.8 billion[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Conversely, North Africa experienced a decline of 5% in FDI to $9.3 billion in 2021, with variations among countries: while Tunisia and Morocco saw modest increases (Morocco by 52% to $2.2 billion), Egypt’s FDI dropped 12% but remained Africa’s second largest beneficiary[ da89937a-32d7-40db-beb3-46050cdb3c6d_927341125].

Sector-wise, traditional industries like energy, mining, oil, and gas continue to dominate, particularly with significant investment in energy and gas supply projects increasing from $24 billion in 2021 to $120 billion in 2022.

Construction and extractive industries also saw increased project value to $24 billion and $21 billion respectively.

Telecommunications and information technology recorded the largest number of new projects.

Which sectors are Chinese investments in Africa focusing on?

Emerging sectors gaining attention include financial technology (fintech) and healthcare/pharmaceuticals.

Title:

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

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

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

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

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

Fintech sector

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

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

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

Risk premium

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

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

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

Picture: 123RF

Which sectors are Chinese investments in Africa focusing on?

Seven out of 10 new African unicorns in 2021 were fintech firms.


Foreign direct investment (FDI) in Africa has shown fluctuating trends in recent years.

After a record inflow of $80 billion in 2021, FDI dropped to $45 billion in 2022, representing 3.5% of global FDI.

However, while overall investment value fell, the number of new investment projects actually increased by 39% to 766, with six of the 15 largest new mega-projects (each exceeding $10 billion) announced in Africa, particularly in energy and infrastructure sectors.

Egypt stands out as a significant FDI recipient, with inflows more than doubling to $11 billion in 2022, driven by cross-border mergers and acquisitions[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Regionally, the Common Market for Eastern and Southern Africa (COMESA) attracted $22 billion, up 14%, the Southern African Development Community (SADC) quadrupled to $10 billion, and the West African Economic and Monetary Union (WEMU) doubled to $5.2 billion.

The East African Community (EAC) also saw a 9% increase to $3.8 billion[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Conversely, North Africa experienced a decline of 5% in FDI to $9.3 billion in 2021, with variations among countries: while Tunisia and Morocco saw modest increases (Morocco by 52% to $2.2 billion), Egypt’s FDI dropped 12% but remained Africa’s second largest beneficiary[ da89937a-32d7-40db-beb3-46050cdb3c6d_927341125].

Sector-wise, traditional industries like energy, mining, oil, and gas continue to dominate, particularly with significant investment in energy and gas supply projects increasing from $24 billion in 2021 to $120 billion in 2022.

Construction and extractive industries also saw increased project value to $24 billion and $21 billion respectively.

Telecommunications and information technology recorded the largest number of new projects.

Emerging sectors gaining attention include financial technology (fintech) and healthcare/pharmaceuticals.

The fintech sector is rapidly expanding, with revenues projected to grow to $30 billion by 2025 and the number of tech start-ups tripling between 2020 and 2021 to over 5,200 companies.

Seven out of 10 new African unicorns in 2021 were fintech firms.

Meanwhile, pharmaceutical manufacturing received increased investment due to growing healthcare demand and Covid-19 related challenges[ fca095bf-c4eb-4350-8684-81821e77f7d1_424720639; b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Major foreign investors include European countries, with the United Kingdom leading with an estimated $60-65 billion in FDI stock, followed by France and the Netherlands at about $54 billion each.

The UK has particularly focused on oil, gas, mining, and financial services, but initiatives have begun to diversify toward fintech and pharmaceuticals, as seen in British International Investment’s $150 million investment in Kelix Bio (pharmaceuticals) and a $20 million credit deal with fintech company Moove.

China remains a major player, having committed $153 billion to African public sector borrowers between 2000 and 2019, but its annual lending commitments declined significantly by 2019, creating room for other countries like the US, India, and G7 nations to increase their investments.

The US and G7 are promoting infrastructure and sustainable development projects through initiatives such as Build Back Better World (B3W), while India is supporting investments through revived projects like the Asia Africa Growth Corridor[ a948934f-cc3e-4b6b-ba17-7748e34ef2c6_397268782; fca095bf-c4eb-4350-8684-81821e77f7d1_424720639].

African entities have increasingly partnered with foreign companies, especially in fintech and pharma sectors.

Notable collaborative ventures include African pharmaceutical platforms and financial service providers working with European investors.

The African Continental Free Trade Area (AfCFTA), with a projected GDP of $3.4 trillion and population of 1.3 billion, is expected to boost intra-African investment and provide a significant platform for future foreign investments.

For business graduates, this evolving investment landscape offers diverse career opportunities in traditional sectors like energy and mining, but also fast-growing industries such as fintech, healthcare, and infrastructure development.

With increasing foreign partnerships and mega projects announced, graduates can anticipate roles in investment analysis, project management, international business development, and sector-specific expertise aligned with the continent’s strategic economic sectors.

Moreover, understanding regional economic communities like COMESA, SADC, and WEMU will be valuable for navigating investment dynamics in Africa’s diverse markets[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898; fca095bf-c4eb-4350-8684-81821e77f7d1_424720639].

Foreign direct investment (FDI) in Africa has shown fluctuating trends in recent years.

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

After a record inflow of $80 billion in 2021, FDI dropped to $45 billion in 2022, representing 3.5% of global FDI.

Title:

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

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

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

However, while overall investment value fell, the number of new investment projects actually increased by 39% to 766, with six of the 15 largest new mega-projects (each exceeding $10 billion) announced in Africa, particularly in energy and infrastructure sectors.

Egypt stands out as a significant FDI recipient, with inflows more than doubling to $11 billion in 2022, driven by cross-border mergers and acquisitions[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

What trends are emerging for African startups in 2022?

significant merger and acquisition activity

Which African countries are driving the venture capital ecosystem?

Regionally, the Common Market for Eastern and Southern Africa (COMESA) attracted $22 billion, up 14%, the Southern African Development Community (SADC) quadrupled to $10 billion, and the West African Economic and Monetary Union (WEMU) doubled to $5.2 billion.

What trends are emerging for African startups in 2022?

The East African Community (EAC) also saw a 9% increase to $3.8 billion[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Conversely, North Africa experienced a decline of 5% in FDI to $9.3 billion in 2021, with variations among countries: while Tunisia and Morocco saw modest increases (Morocco by 52% to $2.2 billion), Egypt’s FDI dropped 12% but remained Africa’s second largest beneficiary[ da89937a-32d7-40db-beb3-46050cdb3c6d_927341125].

Sector-wise, traditional industries like energy, mining, oil, and gas continue to dominate, particularly with significant investment in energy and gas supply projects increasing from $24 billion in 2021 to $120 billion in 2022.

Construction and extractive industries also saw increased project value to $24 billion and $21 billion respectively.

Telecommunications and information technology recorded the largest number of new projects.

Which sectors are Chinese investments in Africa focusing on?

Emerging sectors gaining attention include financial technology (fintech) and healthcare/pharmaceuticals.

Title:

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

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

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

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

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

Fintech sector

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

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

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

Risk premium

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

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

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

Picture: 123RF

Which sectors are Chinese investments in Africa focusing on?

The fintech sector is rapidly expanding, with revenues projected to grow to $30 billion by 2025 and the number of tech start-ups tripling between 2020 and 2021 to over 5,200 companies.

Seven out of 10 new African unicorns in 2021 were fintech firms.

Meanwhile, pharmaceutical manufacturing received increased investment due to growing healthcare demand and Covid-19 related challenges[ fca095bf-c4eb-4350-8684-81821e77f7d1_424720639; b40e3169-b0e3-4e79-9135-979f85ff557e_660205898].

Which sectors are Chinese investments in Africa focusing on?

Which sectors received the most foreign investment?

Major foreign investors include European countries, with the United Kingdom leading with an estimated $60-65 billion in FDI stock, followed by France and the Netherlands at about $54 billion each.

Which European countries lead investment in Africa?

Which countries are actively investing in Africa besides China?

The UK has particularly focused on oil, gas, mining, and financial services, but initiatives have begun to diversify toward fintech and pharmaceuticals, as seen in British International Investment’s $150 million investment in Kelix Bio (pharmaceuticals) and a $20 million credit deal with fintech company Moove.

How much did BII invest in Kelix bio in 2020?

China remains a major player, having committed $153 billion to African public sector borrowers between 2000 and 2019, but its annual lending commitments declined significantly by 2019, creating room for other countries like the US, India, and G7 nations to increase their investments.

Title:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

The US and G7 are promoting infrastructure and sustainable development projects through initiatives such as Build Back Better World (B3W), while India is supporting investments through revived projects like the Asia Africa Growth Corridor[ a948934f-cc3e-4b6b-ba17-7748e34ef2c6_397268782; fca095bf-c4eb-4350-8684-81821e77f7d1_424720639].

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

Which countries are actively investing in Africa besides China?

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

African entities have increasingly partnered with foreign companies, especially in fintech and pharma sectors.

Which countries are actively investing in Africa besides China?

Notable collaborative ventures include African pharmaceutical platforms and financial service providers working with European investors.

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

Which sectors received the most foreign investment?

The African Continental Free Trade Area (AfCFTA), with a projected GDP of $3.4 trillion and population of 1.3 billion, is expected to boost intra-African investment and provide a significant platform for future foreign investments.

What trends are emerging for African startups in 2022?

For business graduates, this evolving investment landscape offers diverse career opportunities in traditional sectors like energy and mining, but also fast-growing industries such as fintech, healthcare, and infrastructure development.

With increasing foreign partnerships and mega projects announced, graduates can anticipate roles in investment analysis, project management, international business development, and sector-specific expertise aligned with the continent’s strategic economic sectors.

Moreover, understanding regional economic communities like COMESA, SADC, and WEMU will be valuable for navigating investment dynamics in Africa’s diverse markets[ b40e3169-b0e3-4e79-9135-979f85ff557e_660205898; fca095bf-c4eb-4350-8684-81821e77f7d1_424720639].


The global trend toward the 4-day workweek has gained significant momentum since pilot programs began around 2018, notably led by the non-profit 4 Day Week Global.

Large-scale trials in the UK, Iceland, New Zealand, Spain, Canada, and other regions have tested the "100%-pay for 80%-time with 100% productivity" model, often referred to as the 100-80-100 framework.

These pilots involve diverse industries including banking, marketing, healthcare, finance, retail, hospitality, construction, manufacturing, and professional services

[1d46f039-99eb-4046-8a7f-5507144417d2_316669687; cf48d8ac-0386-40b7-9253-77191b543af4_295608395; 740d02c7-245a-4405-a579-818efb5231e7_333774911].

Reported benefits have been extensive and broadly consistent across different workplace sizes and sectors.

For employees, the 4-day workweek reduces workplace stress, anxiety, depression, and exhaustion, leading to improved mental and physical well-being, decreased burnout, fewer sick days, and better sleep quality.

Employees also report higher job and life satisfaction, increased time for exercise and family care, and reduced commuting times, which further contribute to a better work-life balance [1d46f039-99eb-4046-8a7f-5507144417d2_316669687; cf48d8ac-0386-40b7-9253-77191b543af4_295608395; d5e7633e-4964-44ea-86b2-578d7f85d75a_492757152].

Behavioral data show women may experience greater gains in burnout reduction and reduced commuting time, plus a more balanced division of household duties among genders was observed during trials .

Employers report increased productivity—with productivity and business performance rated highly—and revenue gains, coupled with improved recruitment and retention, as well as reduced absenteeism .

Despite these successes, there are notable barriers and challenges.

Skepticism remains in some parts of the business community about maintaining 100% productivity with reduced hours.

[1d46f039-99eb-4046-8a7f-5507144417d2_316669687; fab3c828-582b-4ae0-bf95-7773cf884e4d_871877708].

The global trend toward the 4-day workweek has gained significant momentum since pilot programs began around 2018, notably led by the non-profit 4 Day Week Global.

Title:

Content: [Workplace Culture] Non-Profit Organization 4 Day Week Global Advocates for Corporate Transition to “4-Day Workday ”
Commercial 15: 09 2022 / 06 / 01
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“4 Day Week Global ” explores and studies with businesses to see if they can stay 100% productive if their employees work 20% less hours, four days a week.
(Data Image)
During the COVID-19 pandemic, many companies have changed their work patterns, such as hybrid work and flexible working arrangements such as the four-day workweek, to reduce the chance of infection due to social contact.
However, in 2018, before the outbreak of the epidemic, New Zealand entrepreneur Andrew Barnes had already piloted the four-day work system for his company, and later established the non-profit group “4 Day Week Global ” to promote and guide the implementation of the four-day work system to global enterprises.
Andrew Barnes experimented with a four-day workweek for 240 employees at his company, Perpetual Guardian, which turned out to be a great success, with employees becoming happier and more productive, making it a permanent system.
Report: 92% of HR executives plan to use AI to enhance talent recruitment and management processes
Andrew Barnes then founded “4 Day Week Global ” and spoke in 99 countries on the topic of the four-day workweek, working with businessmen, academics and researchers around the world to bring productivity-focused flexible working to life.
“4 Day Week Global ” explores and studies with companies to see if they can stay 100% productive if their employees work 20% less hours, four days a week. Andrew Barnes says it ’ s not just about work-life balance, it ’ s about how to increase productivity to make the business better.
Focus more on production and return time to employees
“The idea of working four days a week is what I can give my employees as an incentive to focus on production, ” says Andrew Barnes.
If they can use their time more wisely, it makes sense to give it back to them. ” So he created the “100: 80: 100 framework ”, which allows employees to trade 100% of their salary, 80% of their time, for 100% productivity.
Report: 60% of employees have misused email to leak company data
In June this year, 20 companies from Oceania participated in the 4-day workweek pilot project of “4 Day Week Global ” and collaborated with Boston College, the University of Sydney, the University of Melbourne, and the Auckland University of Technology in New Zealand to guide companies through each step of the implementation trial.
Since January, similar pilot projects have been running in Ireland, North America and the UK, with 125 companies enrolled.
Andrew Barnes warns entrepreneurs: “Your biggest risk right now is not whether or not to try the four-day workday, but whether or not your biggest competitor has implemented it before you. ”
He emphasized that if entrepreneurs can ’ t re-imagine how the business works, employees will leave you and choose leaders with a broader vision.
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Large-scale trials in the UK, Iceland, New Zealand, Spain, Canada, and other regions have tested the "100%-pay for 80%-time with 100% productivity" model, often referred to as the 100-80-100 framework.

Title:

Content: Since June 1 this year, more than 3,000 employees from more than 60 companies in the United Kingdom have conducted a social experiment with a six-month “four-day work ”.
Since 2018, the non-profit organization of "4 Day Week Global" wants to test whether the public interest of "80% working time - 100% wages - 100% productivity" and "three days off a week, labor and management win" really exists.
Due to the COVID-19 outbreak so far in 2020, many enterprises have adopted the method of “working from home, diverting work ”, and in the long process of the epidemic, working from home and working from home has become an emerging work style.
Since the end of the epidemic this year, many countries have returned to their original or new jobs, whether they are blue-collar and white-collar workers who have left or changed jobs.
However, in more than two years, the transformation of various workplaces in the enterprise to survive, and the labor compromise of "unpaid leave + retained work" have made more and more pioneer projects of "four days a week", and the industry category has become more and more diversified, becoming a new opportunity to promote.
Among them, the most representative is Iceland.
According to media reports in the middle of last year: “The three-day weekend experiment in Iceland has been a success, and workers ’ happiness and productivity have improved ”; the reason for this is:“ Employees face less workplace stress, anxiety, depression and exhaustion, and therefore work harder and take fewer sick days; workers feel more leisure time, and therefore are more committed to their work. ”
This conclusion, in addition to the ethical questions of the willingness of enterprises and workers to participate, and whether or not to remain anonymous, also requires the testing of more rigorous research methods, such as the length of the experiment, whether the industry type and size of the experiment is consistent, and the working tolerance of the workers involved in the experiment, are worthy of further investigation.
On the other hand, the three-day experiment, the success stories of Iceland, New Zealand, and British Columbia, Canada, did not clearly describe the type of industry, the development of the industry in each country, and whether the size of the enterprises in the industry varies greatly.
In addition, across all continents of the world, countries have different levels of economic development, industrial structures have their own characteristics, and the government originally conferred statutory labor rights and interests, are also different.
In addition to industries that are not suitable for at-home work, the sense of alienation of human relationships, the synergy of face-to-face communication, and whether innovation requires teamwork have become the focus of discussion.
On the front page of the “Four Days a Week Worldwide ” website, the home page shows where the current pioneer projects are located on every continent around the world. Surprisingly, Central and South America, Africa, and Southeast Asia each launched at least five projects, but in Canada and the United States, there is only one pilot project.
Moreover, the website reveals that “working four days a week makes 78% of employees feel happier and less stressed. ”
It can also be seen that not only developed countries are promoting, in fact, more developing countries are also conducting experiments.
While there is a lack of a more convincing description of the experimental design, it is clear that this is indeed a possible new type of workplace.
Because of this, in addition to the pilot of national enterprises to cooperate with international non-profit organizations, there are also governments taking the lead in responding.
Spain ’ s leftist political party, once launched a “three days off ” policy in 2021, and the Spanish government agreed to test the new work system of“ 32 hours per week (8 hours per day) ” on a limited scale. 200 companies are willing to participate, and 3,000 to 6,000 workers benefit.
The result of such a trial gives more room for imagination to "take three days off every week, and employees will win both."
The social experiment of "80% of working hours - 100% of wages - 100% of productivity" has important policy significance for the harmony of labor relations and the long-term development of the economy.
"High working hours" does not mean "high productivity", which is the general consensus of the current society.
"Shorten working hours, wages unchanged", helps companies retain employees, perhaps without controversy; but whether it can also maintain 100% of the work output is questioned by the business community.
After the epidemic, "three days off a week, labor and management win" is applicable to some specific industry categories, and the nature of the work of individual employees may also be more widely distributed in various industries.
And the flexibility of working hours, the heterogeneity of the workplace, the universalization of work dispatch, and even the high expectations of the young generation for "enterprise decentralization" are all the help of "working four days a week", which may be a major challenge for enterprises in the future.
# Work # Employee # Business # Home # 4 Days

These pilots involve diverse industries including banking, marketing, healthcare, finance, retail, hospitality, construction, manufacturing, and professional services

Title:

Content: Saudi News
Thousands of employees at 70 UK companies begin four-day workweek
MOHAMMED BIN MASOOD, DAMMAM – Thousands of employees at 70 companies in Britain have started a four-day work week trial, a six-month trial to cut workers ’ hours while earning the same amount. From the salary.
Researchers at Cambridge University, Oxford University and Boston College will assess the impact of a shorter work week on productivity and quality of life.
* * Results in 2023,
The programme in Britain follows similar efforts in other countries, including Iceland, New Zealand, Scotland and the United States.
Organisers said more than 3,300 workers in banking, marketing, healthcare, financial services, retail, hospitality and other industries in Britain were taking part in the pilot programme.
A four-day work week has been a workplace dream for decades.
In 1956, then-Vice President Richard Nixon predicted such an arrangement in “the not-too-distant future. ”
Working from home during the epidemic was the main factor driving the growing momentum for a shorter work week.
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[1d46f039-99eb-4046-8a7f-5507144417d2_316669687; cf48d8ac-0386-40b7-9253-77191b543af4_295608395; 740d02c7-245a-4405-a579-818efb5231e7_333774911].

Title:

Content: To increase production and care for the family.
Saudi writer calls for "4" days of work and study
Journalist Omar Al-Omari calls for the application of the system of work and study for 4 days a week, considering that the subject has become worthy of study, as studies showed that employees who work (4) days a week achieved the same levels of productivity, but also showed positive levels in job satisfaction, teamwork and balance between work and caring for families, which increased their loyalty to the facilities in which they work.
Decreased motivation to be in the workplace
4 thoughts on “4 days a week?! ”
In Makkah newspaper, Al-Omari says: There is no relationship between productivity and the length of work, and the headquarters of the school is not the only place to learn, contributed by the presence of modern technology and advanced communication system, artificial intelligence and speed of information exchange and automation, all in its great purpose to serve man and save his time from daily routines, thus decreasing the need to be in the workplace. Innovative thinking, wider spaces of creative products and the acquisition of new skills to make real progress and development difference and impact, and this can only be achieved by creating a comfortable balance between social life and human humanity and the harsh official working environment. ”
Business Idea (4) days trending in recent months
While the idea of working for four days has been popular in recent months, and has been successful in a number of developed countries recently, it is not a product of the moment, so recent studies have shown that employees who are overworked by long work periods and transport to work are actually less productive than the average productivity of employees who work in the same field for less time and have more freedom.
Employees achieved the same levels of productivity
“Studies have shown that employees who work with the idea of   working four days a week achieved the same levels of productivity, but also showed positive levels of job satisfaction, teamwork, work-life balance and loyalty to the facilities in which they work.
People feel happy and satisfied
“I believe that the idea of working four days a week will increase some of the important global rankings as a soft power in enhancing the presence on the world map, namely (World Happiness Index), (World Wellbeing Index) and (Quality of Life), thus reflecting this on the ranking of the best cities and places to live in the world. Other contributing factors include additional income, social support, family empowerment, quality of health and education, security, absence of corruption and the level of freedoms enjoyed by individuals. ”
Greater care for families
According to several European research findings, working four days a week promotes work-life balance and greater personal and social space for the individual; employees will be able to spend more time with their families, better reconcile care and work obligations, be more committed to their tasks and duties, and less likely to be stressed or take sick leave; as a result, they return to work ready to face new challenges in solving problems. And promote the presence of innovation and creativity in the work to achieve efficiency and competition. ”
The subject is worth studying.
“I think the topic has become worthy of study at the level of the number of school days and the number of working days to enhance the quality of life, create wider social spaces, and enhance the happiness and mental health index, ” concluded Al-Omari.
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Reported benefits have been extensive and broadly consistent across different workplace sizes and sectors.

Title:

Content: Ina Opperman
Business Journalist
3 minute read
26 Feb 2023
10:00 am

Largest 4-day week trial results good news for future of work

Ina Opperman

Will a 4-day workweek work? It seems that employees and employers are happy.

The results of the world’s largest 4-day week trial is good news for the future of work, with new research showing that these results are largely in line with existing global evidence, further demonstrating the benefits of reduced-hour, output-focused working.

The pilot programme conducted in the UK by non-profit 4 Day Week Global, the UK’s 4-Day Week Campaign and think tank Autonomy, guided over 60 companies and almost 3 000 workers through a six-month trial of a 4-day week, with no loss of pay for workers.

This brings the global campaign’s total number of completed pilot participants to 91 companies and approximately 3 500 employees. Lead researcher, professor Juliet Schor of Boston College, says overall results show that almost every organisation will stick to a 4-day week after the trial, with 91% definitely continuing or planning to continue and another 4% leaning towards continuing. Only 4% of participants are definitely not continuing.

Participating companies rated their overall experience of the trials at an average of 8.5/10, with business productivity and business performance each scoring 7.5/10. Revenue increased by 35% over the trial periods when compared to similar periods from the previous year, while hiring increased and absenteeism decreased.

ALSO READ: 28 SA companies to implement 4-day work week on 1 March

Improved employee wellbeing and health

During the trial it was also found that the health and wellbeing of employees also improved, with significant increases observed in physical and mental health, time spent exercising and overall life and job satisfaction. Rates of stress, burnout and fatigue all decreased along with problems with sleep.

Even the environmental outcomes were encouraging, with commuting time falling across the full sample by a half hour per week.

Schor says she observed an encouraging consistency in the data, with results largely steady across workplaces of varying sizes, demonstrating this is an innovation which works for many types of organisations.

“There are also some interesting differences. We found that employees in non-profits and professional services had a larger average increase in time spent exercising, while those in construction and manufacturing enjoyed the largest reductions in burnout and sleep problems.”

Behavioural scientist and new CEO of 4-Day Week Global, Dr Dale Whelehan, explained the sample produced interesting differences in gender outcomes. “While men and women benefit from a 4-day week, women’s experience is generally better for burnout, life and job satisfaction, mental health and reduced commuting time.”

ALSO READ: 4-day work week pilot so successful, all participating companies sticking to it

4-day workweek also balances home tasks

Encouragingly, the research also showed that the burden of non-work duties appears to be balancing out, with more men taking on a greater share of housework and childcare.

Co-founder and MD of 4-Day Week Global, Charlotte Lockhart, says her team is delighted to be expanding the arguments in favour of a 4-day week with this new world-class academic research. “We look forward to adding our Australasian pilot results to this data set in the coming weeks and our European, South African, Brazilian and North American results in the coming months.”

4-Day Week Global was founded in New Zealand by entrepreneurs and philanthropists, Andrew Barnes and Charlotte Lockhart, following the world-renowned success of their pioneering trial of the 4-day week in Perpetual Guardian.

Their approach is based on the 100-80-100™ model designed by Lockhart alongside the Perpetual Guardian trial in 2018. That means 100% of the pay, for 80% of the time, in exchange for a commitment to deliver 100% of the output.

4-Day Week Global’s ambition is to make a 4-day week the new default and reduced working time the new standard.

What has the implementation 4-day wrokweek in Dubai, UAE indicated?

For employees, the 4-day workweek reduces workplace stress, anxiety, depression, and exhaustion, leading to improved mental and physical well-being, decreased burnout, fewer sick days, and better sleep quality.

What did  the trial of 4-day workwee in New Zealand show?

What did a survey on 4-day workweek conducted in Hong Kong show?

61% of respondents said employers could implement a four-day workweek to improve employees' mental health.

What did surveys conducted in London before and after the experiment of 4-day workweek  find?

39% of employees became less stressed
40% of employees reported better sleep

What has a Gallup Poll found out about the prospect of 4-day workweek?

77% of American employees believe that it will have a positive impact on their health

What has the implementation 4-day wrokweek in Dubai, UAE indicated?

Employees also report higher job and life satisfaction, increased time for exercise and family care, and reduced commuting times, which further contribute to a better work-life balance [1d46f039-99eb-4046-8a7f-5507144417d2_316669687; cf48d8ac-0386-40b7-9253-77191b543af4_295608395; d5e7633e-4964-44ea-86b2-578d7f85d75a_492757152].

What did  the trial of 4-day workwee in New Zealand show?

What did surveys conducted in London before and after the experiment of 4-day workweek  find?

54% of employees had better balance of work and home responsibilities

What has the implementation 4-day wrokweek in Dubai, UAE indicated?

Increase in employee and customer satisfaction.

Behavioral data show women may experience greater gains in burnout reduction and reduced commuting time, plus a more balanced division of household duties among genders was observed during trials .

What did surveys conducted in London before and after the experiment of 4-day workweek  find?

54% of employees had better balance of work and home responsibilities

Employers report increased productivity—with productivity and business performance rated highly—and revenue gains, coupled with improved recruitment and retention, as well as reduced absenteeism .

What did  the trial of 4-day workwee in New Zealand show?

What has the implementation 4-day wrokweek in Dubai, UAE indicated?

Increase in work quality indicators
Increase in productivity

Despite these successes, there are notable barriers and challenges.

Title:

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26 / 09 / 2023
People are an important element of corporate sustainability! Bank of New York Mellon: Focus on training young people! 6 ways to increase employee happiness
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International competition for talent has increased significantly in recent years, and people pay special attention to the sustainability of enterprises and organizations.
What strategies are better at attracting talent and have more long-term effects than silver bullets?
Hani Kablawi, president of Mellon Bank of New York ’ s International Department, said that he was once a refugee, and now he is committed to integrating DE & I culture into the workplace, promoting it as a management, and supporting refugees through education and employment opportunities. (photo by Chen Yongkang)
Hani Kablawi, president of BNY Mellon ’ s international division, recently shared in an interview with this newspaper that over the past few years, companies have focused their talent strategy on nurturing young talent; and six other strategies (see table) to increase employee happiness and engagement.
Attracting and retaining the right talent is an ongoing strategy for the company, says Hani Kablawi. “We should think carefully about how to recruit, who to recruit, how to retain, how to develop and promote talent. ” The strategy also covers all levels of management at BNY Mellon and has been focused on developing young talent for the past few years.
Nurturing young leaders to provide a platform for advancement
Among them, it is not only an effort to provide opportunities for emerging leaders to take on more responsibility within the company as a priority.
What ’ s more, we need to start with campus recruitment, starting with recruiting young, aspiring graduates to provide them with a platform for internal training, development and advancement.
Taking the deployment in the Asian market in recent years as an example, he said: “In addition to the introduction of entry-level courses on campus, the number of interns has also increased significantly.
This large group of interns also ended up being offered a job at BNY Mellon as part of the company, providing them with the tools to succeed and many development opportunities. ”
As the global talent war continues, as a 239-year old company, maintaining an employer brand that attracts and retains talent, internal culture and innovation are also key, deeply affecting the willingness of many people in the workplace and young people who are entering the workforce to join the company.
“We are a company with annual revenue of US $16 billion (approximately HK $125 billion), serving 93% of the Fortune 100 and 89% of the world ’ s top 100 asset managers, ” Hani revealed.
Platforms of this type and size require investments in technology and flexibility, as well as “disciplined self-management ” according to risk management principles.
The company invests US $3.5 billion (HK $27.3 billion) annually in technology to improve investment management and investment services.
Digitalization introduces machine learning AI operations
There is also the introduction of artificial intelligence (AI) tools in internal operations, with open source tools to bring new capabilities, predictive analytics and other alternatives, and AI and machine learning in a controlled and orderly manner, “allowing us to be more agile and at a lower cost on our digital transformation journey. ”
Expect to improve the quality of work while helping employees focus on higher-value work.
He believes that in times of market volatility and crisis, the business continues to emerge, due to the investment in stability and reliability, as well as risk management, “while investing in innovation to inject new ideas and innovations into the industry, such as digital assets, data and digital solutions, wealth and technological creativity. ”
At the same time, to attract different talents, "both campus talents, new entrants, but also senior talents."
"The best way to attract talent is to keep these things going, to be reliable, flexible and risk management, to keep innovating and to keep investing in technology," he said.
The team is flexible and adaptable to all challenges
In addition, the company has promoted flexible working environments, including the introduction of special employee benefits such as hybrid office models and Work From Anywhere (WFA) to give employees greater freedom.
He also revealed that at present, some employees choose to work in the office five days a week, while a small number work full-time from home, and most of the employees adopt a hybrid office model.
“We have implemented some special employee benefits, such as a maximum of two weeks a year for them to choose Work From Anywhere. ”
Early in the pandemic, the team has developed the ability to work from anywhere, flexibly, and meet different challenges.
He believes that in addition to improving productivity, this also increases employee happiness and engagement.
“We want people to be engaged and committed to working for the company, so I think it ’ s important to achieve that balance (to promote a flexible working environment). ”
“We need experts in the industry who are outside in thinkers who think about customer strategy, customer priorities, customer challenges and bring these back to the company and work to ensure that our capabilities and solutions are tailored to the needs of our customers, ” he explains.
The content of the signed and / or unsigned articles published by Economic Times is the author's personal opinion and does not represent the position of Economic Times, and the role of Economic Times is to provide a free speech platform.
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What are the challenges of 4-day workweek?

To ensure employees didn't fall back into old work mindsets or habits.

What challenges will the companies with diverse workforce have for implementing 4-day workweek??

Lack of resouces to support shift for sall comppanies

Complicated to roll out for large companies

What did Labor economist Jonathan Boys say about 4-day workweek?

Food and beverage industry may face more problems.

Healthcare industry may face more problems.

Education industriy may face more problems.

Skepticism remains in some parts of the business community about maintaining 100% productivity with reduced hours.

What has the implementation 4-day wrokweek in Dubai, UAE indicated?

[1d46f039-99eb-4046-8a7f-5507144417d2_316669687; fab3c828-582b-4ae0-bf95-7773cf884e4d_871877708].