Syria, particularly Damascus, has a glassblowing tradition dating back over two thousand years to the Phoenicians.

This ancient craft has been passed down through generations of Syrian artisans, often learned from family members.

The war in Syria impacted glassblowing, but artisans, including those taught by their fathers, have revived the craft in liberated areas.

Traditional glassblowing, a plastic art, involves melting recycled glass at high temperatures, shaping it, and decorating it for aesthetic purposes.

UNESCO has listed traditional glassblowing as a cultural heritage in need of urgent safeguarding due to its importance in Syria's culture and threat from modern technology.

In Damascus, traditional glassblowing is an ancient profession associated with specific families.

Traditional glassblowing holds cultural and artistic significance, allowing artisans to create any shape or container using their imagination.

The number of traditional glassblowers in Damascus has decreased due to war and modern technology, but some artisans remain dedicated to preserving this ancient Syrian craft.

Only a few dozen Syrian craftsmen still practice traditional glassblowing, making conservation efforts crucial.

Preserving traditional glassblowing is necessary to maintain its importance in Syrian culture and inform future generations of their heritage.

The Syrian government and local communities are working together to preserve traditional crafts, including glassblowing, through initiatives like the "Living Heritage" program.

The Syrian Trust for Development supports traditional glassblowing through projects that enhance craftsmen's skills and income.

The Syrian Professional Center Association is preserving traditional crafts like glassblowing by training and financially supporting artisans.

The association aims to preserve traditional crafts and adapt them for modern times.

Syria, particularly Damascus, has a glassblowing tradition dating back over two thousand years to the Phoenicians.

Title:

Content: Art of glassblowing returns again in Aleppo countryside liberated from terrorism

The town of Urem Al-Kubra in Aleppo province in northern Syria has historically been famous for its skilled glassblowing craftsmen. The war considerably affected this traditional craft inherited from our ancestors, but after the liberation of the city from terrorism, some artisans have brought it back to life. The artisan, Yassin Arab learned the glassblowing craft from his father when he was a child, and after the town was liberated from terrorism, he returned to his small facility, where he worked to restore it and start working again. Arab does not hide his enormous passion for the craft of glassblowing and his belief in the need to preserve this ancient Syrian heritage. Regarding the working mechanism, the artisan explained to SANA that he uses recycled glass, melts it again in the oven at high temperature, and then chooses a specific shape for its manufacture, whether hookah bottles, vases, plates, small jugs, fish houses for decoration, decorated cups and antiques of different sizes. After that, t he piece is blown, rotated and processed by the artisan until it takes its final shape using white and brown colors, and once the manufacturing of the product is finished, it is decorated and colored to give it the required aesthetics. For his part, Hussein Najjar noted that he learned the craft of blowing glass manually since he was young and has been working in this field for 40 years. He added that he is able to make any shape or glass container, using his imagination, and considered that the art of glassblowing is one of the types of plastic arts. Traditional glassblowing is a profession that dates back more than two thousand years (since the time of the Phoenicians) and was included in December 2023 by UNESCO on the list of intangible cultural heritage of humanity that needs urgent preservation. Source: Syrian Arab News Agency

This ancient craft has been passed down through generations of Syrian artisans, often learned from family members.

The war in Syria impacted glassblowing, but artisans, including those taught by their fathers, have revived the craft in liberated areas.

Traditional glassblowing, a plastic art, involves melting recycled glass at high temperatures, shaping it, and decorating it for aesthetic purposes.

UNESCO has listed traditional glassblowing as a cultural heritage in need of urgent safeguarding due to its importance in Syria's culture and threat from modern technology.

In Damascus, traditional glassblowing is an ancient profession associated with specific families.

Title:

Content: 00: 00
Expo 2020 Dubai Today
Ancient Crafts Blown by Technology
T + T - normal size
Thuriyeh is the Syrian capital, Damascus, with its aesthetics, ancient walks and attractive colors.
It is filled with the cultural and societal vocabulary of distinct traditional industries, manifested in one of its prominent images by ancient professions, which have been associated with and named, since ancient times, by specific families who have practiced them.
However, these names, which are full of cultural and historical content, have become threatened by the threat of modern technology, which, with its various fields, has been “stolen ” by the descendants of the“ industrialists ” of the ancient Damascene professions.
The names of the majority of Damascene families are attributed to many of the names of traditional professions, where we find the names of families who worked in the textile professions and derivatives, including Bait al-Hayek, ropes, kattan, nouilati, maslati, Sabbagh, wool, and many more.
We also find that there are families that practiced the manufacture of shoes called Bait al-Jazmati, al-Sakafi, al-Kandarji, al-Bawabiji, Kabaqibi, while the families that practiced the profession of al-Samana, for example, Bait al-Khodari, al-Fakhani, al-Kuzbari, al-Khallati, al-Arqsoussi, al-Jabban, al-Labban, al-Zayat, and Sharabati.
The families working in the field of clothing and fabrics were named Bait al-Khayat, al-Kawa, and al-Hariri.
It is clear that these names have an important historical and social value, as they are linked to a cultural and historical component that tells the stories of the place and reflects its heritage and features of attractiveness, but it is remarkable that these nicknames, which were associated with important unique professions and were a strong indication of an influential presence. As they melt and disappear, the grandchildren abandon the origins of the craft or abandon it altogether, and they see it as useless and profitable.
This will lead in the future to the loss of a rich heritage, as Mohammed Samer al-Mahayri confirms to Al-Bayan, whose family is famous for the craft of making hodges and then boxes, hence the name, where he shows that hundreds of families in Damascus were associated with the names of professions as the city was an important commercial and economic center, pointing out that “there are many families with the same surname, but they are not related. It is not a city or a province, and one of these families is the Mahayri family, for example. ”
He pointed out that modern technology has become a real threat to an important traditional heritage component, namely the traditional crafts group, which has been abandoned by grandchildren.
Reflection
Al-Mahayri points out that the naming of families by the names of professions that were prevalent in Damascus reflected the values, culture and socio-economic level of those families.
He also explains that these crafts, together with the families, have left a great impact on the life of the Damascene community, a beautiful impact that should not be absent, and there must be specialized projects that protect and care for it by preserving the component of these traditional professions.
He continues: You find that it has developed professions and ended some professions turned owners to other professions, the barber family some of them moved to work in the soap industry and trade in the market of Bzouria, and the Arqsousi turned to carpentry also, and they originally were selling liquor, and many others.
Continuation.
In turn, Mahmoud Hamami, who insisted on challenging the waves of technological temptation and preserving the profession of his grandparents, where his family works in the profession of Damascene baths as a law graduate, but he continues to manage family-owned baths for decades, pointing out that « his brothers went to work in other professions, and this is the case of most families whose name was associated with the names of professions ».
Diversification
It is worth mentioning that the names of the Damascene families referred to are related to the variety of professions. At the level of confectionery industry, we find many family names associated with these professions, such as: Bait Ka ’ ikati, Halwani, Sukari, Knivati, Baggati.
While we find the house of Kahwaji, Hakawati, Rawi, Tetunji Tanbokji, and Arkeli.
As for the professions related to education, we find: the families of the house of the professor, the teacher, the teacher, the haja, and the osta, while the families famous for science, culture and medicine are called the house of the poet, the writer, the writer, the writer, the Arab writer, the wise, the surgeon and the case.
There are also many families that bore the name of the profession of blacksmithing, such as: Sankari, Bawabiri, Mujlakh, and Sheikh blacksmiths, while the families that made musical instruments were called the house of string, and Awad, while the families were named after the house of castles, stones and flint for those who practiced the profession of stone quarries.
There are family names associated with military professions such as: the house of the soldier, the lieutenant colonel, the soldier, and the brigadier.
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Traditional glassblowing holds cultural and artistic significance, allowing artisans to create any shape or container using their imagination.

The number of traditional glassblowers in Damascus has decreased due to war and modern technology, but some artisans remain dedicated to preserving this ancient Syrian craft.

Only a few dozen Syrian craftsmen still practice traditional glassblowing, making conservation efforts crucial.

Preserving traditional glassblowing is necessary to maintain its importance in Syrian culture and inform future generations of their heritage.

Title:

Content: Samples of the Damascene Literary Heritage Attend an Exhibition and Seminar in the Culture of Infection
Damascus-Sana
In the exhibition “Heritage Crafts are Inherited by the Fragrance of History ” hosted by the Adawi Cultural Center, the artworks varied between glass decoration, Damascene brocade and various handicrafts.
The exhibition was followed by an introductory seminar on these arts for the Sheikhs of Carr and craftsmen specialized in these professions under the supervision of the handicraft trainer Rowaa Yousef.
Youssef Lassana explained that the exhibition was dedicated to traditional professions in general and handicrafts, especially such as brocade, painting on glass, Islamic motifs and handicrafts to maintain their continuity and importance.
Mohammed Bassam Rayhan Sheikh Al-Karar in painting on glass and decoration spoke in his intervention about the history of this craft, its forms, fields of work and materials used in it, pointing out that the glass, which was the first to be invented by the Phoenicians, evolved in Damascus throughout history and was painted on the mishkat and lanterns using oxides and various materials, thermal colors, acrlik and others.
The Damascene brocade craftsman Mohammed Rankous explained in his intervention that this cloth is made of natural silk and golden reed yarns and attributed to Damascus because it took its character, heritage and environment, such as the painting of Omar Khayyam, the Levantine Rose, grape clusters, the lover and the beloved, and the octagonal geometric drawings, pointing out that this craft entered the cultures of different civilizations.
Nasruddin Mohammed is a graduate of applied arts and a drawing teacher who participated in paintings for his students from children and boys. In his intervention, he explained the history of the Damascene plant decoration, its methods, types and schools such as Andalusian, Persian and Damascene, and its differences in decoration, diggings, mirrors and miniatures, indicating that its history dates back to the Andalusian civilization, which was its main creativity in palaces and buildings.
Mohammed Sabha is a bridal craftsman who participated in a group of decorative glass works for brides and explained that he has completed a model of a waterfall flowing from an electric mountain that is operated by hand from cardboard, wood and cork inspired by his ideas.
Rana Ayoub participated in a group of works of three-dimensional models and miniatures of the Levant environment. She explained that she chose this environment because she grew up and lived in it and adored it. It is necessary to inform future generations of their heritage and history, pointing out that she works with cork, wood, natural materials, gypsum, ceramic paste and others.
Bilal Ahmed

The Syrian government and local communities are working together to preserve traditional crafts, including glassblowing, through initiatives like the "Living Heritage" program.

Title:

Content: A year of hard work to document and preserve the Syrian tangible and intangible heritage locally and internationally
Damascus-Sana
The Syrian heritage, both tangible and intangible, forms an important pillar within the World Heritage system, and is a key factor in strengthening the cultural identity of the Syrian people, building the present and protecting the future.
During 2022, the Ministry of Culture and its concerned institutions, in particular the Directorate General of Antiquities and Museums and the Directorate of Intangible Cultural Heritage, focused on organizing a series of events and seminars and signing a series of agreements related to the importance and mechanisms of preserving this heritage in its various components.
Among the most important Syrian activities and works related to tangible and intangible heritage during 2022 are:
During the year, Syria held several discussions on the loan of Syrian artifacts damaged during the terrorist war on Syria for restoration and display in the Sultanate of Oman, and signed a joint statement on cooperation to preserve cultural heritage with the People ’ s Republic of China.
Syria participated in the International Forum of the Convention for the Protection of the World Cultural and Natural Heritage in the Russian city of Kazan, and the Scientific Conference on Archaeology in the Hungarian capital, and participated in a virtual lecture within the international conference on the protection of the Syrian cultural heritage after the war.
– The archaeological missions returned to excavations in 2022, including the joint Syrian-Italian archaeological mission, which began its work for the first season at the archaeological site of Amrit, and the discovery of a funerary burial and some archaeological finds and discoveries dating back to the Roman era in Amrit by the joint excavation team between the Directorate General of Antiquities and Museums and the Department of Tartus Antiquities.
– The national expertise of the Directorate General of Antiquities worked to expand the work to discover the entire rare archaeological mosaic painting in the city of Rastan, which dates back to the Roman era, and reached a length of 20 meters and a width of 6 meters.
– Completion of the restoration work of the Arc de Triomphe in the ancient city of Palmyra, which was destroyed by terrorist organizations in 2015, and the second phase of the restoration project began with the signing of a memorandum of understanding between the Directorate of Antiquities, the Syrian Secretariat and the Institute of the History of Material Culture of the Russian Academy of Sciences in the Russian Federation.
– Holding a workshop “Restoring Syrian Heritage and Reviving Local Communities ” at Expo 2020 Dubai, in which local, Arab and international bodies specialized in antiquities participated.
– In the National Museum in Damascus and in tribute to the lives and sacrifices of about 27 martyrs who rose during the terrorist war on Syria in defense of the Syrian cultural heritage, an exhibition of recovered archaeological treasures 3 entitled (Salute to the martyrs of the General Directorate of Antiquities and Museums) was opened within the days of Syrian culture.
– The opening of a painting exhibition entitled “Restoration of Syrian Heritage by Theo Vitit ’ s Vision ” at the National Museum in Damascus, which is a painting of restoration and excavation works in Syrian archaeological sites, painted by the Dutch artist and archaeologist Theo Vitit in 2018 and 2021, and was presented in the Netherlands to introduce the Western community to what happened to the Syrian cultural heritage.
In Damascus Castle, the first national screening of the film Siriacus Section, directed by Olivier Bourgeois, was launched in 2022 in cooperation between the Ministry of Culture, the Directorate General of Antiquities and Museums, and the Syrian Trust for Development. The film, which won more than 17 international awards, talks about the solidarity of a small group of archaeologists and museum curators with the escalation of the terrorist war on Aleppo in 2015. The National Museum of Aleppo.
The Directorate of Antiquities, in cooperation with the European Center for Byzantine and Post-Byzantine Monuments and the Department of Antiquities at the University of Damascus, organized a digital exhibition on historical mosaics in Syria, entitled “Syria is still the source of arts ”.
– The beginning of the year witnessed the return of five Syrian destructive artifacts to the National Museum in Damascus at the initiative of the management of the Naboo Museum in Beirut, and the pieces are various funerary destructive statues from the collections of the Naboo Museum previously purchased from European auction houses.
The second leg of the Syrian Antiquities Exhibition, entitled “The Wonderful Syria ”, was opened in Chengdu, Sichuan Province, southwest China, which lasted until May. During this period, special scientific seminars and cultural events were held in connection with the exhibition, in which the Department of Antiquities and Museums participated with 195 important artifacts and collections of Syrian museums.
In 2022, the Directorate of Intangible Cultural Heritage has been active in most governorates, focusing on monitoring, studying and documenting the national intangible heritage and preparing the necessary plans to search for, study and inventory the elements of this heritage and include them in the national register, in cooperation with governmental and non-governmental institutions, local communities and international organizations.
The Directorate of Heritage organized a workshop on Syrian intangible cultural heritage at Al-Assad National Library, in preparation for the development of a national strategy for intangible cultural heritage in Syria.
– The project (Windows 5) was organized, whose musical evenings varied between documentation and promotion of Syrian heritage songs, and many heritage festivals were held in the provinces.
– The project of documenting the elements of the Syrian intangible heritage in ancient Homs, implemented by the Ministry of Culture in cooperation with the Syrian Secretariat and civil society, was launched in 2022 to preserve the elements of this heritage, and work continued on the project of documenting the elements of the intangible heritage in Tartus province.
Within the framework of the implementation of the plan to preserve the element of the theater of shadow imagination Karkouz and Aiwaz after registration on the list of urgent conservation of the world humanitarian heritage at UNESCO, the Syrian Secretariat for Development continued the third professional training after Damascus and Suwayda, for youth cadres in the city of Aleppo.
The Syrian Secretariat for Development has developed the “Living Heritage ” program with the local community in Aleppo governorate, the main axes for the preservation of the Aleppo cod, which was registered on the Representative List of Human Heritage at UNESCO by the end of 2021 with the participation of a group of governmental and civil authorities, artists, musicians, researchers and interested in the Arab, musical and art of cod.
At the international level:
Syria has been elected vice-president of the ninth session of the General Assembly of the States Parties to the 2003 UNESCO Convention for the Safeguarding of the Intangible Cultural Heritage of Humanity for a two-year term 2022-2024.
Syria participated in the UNESCO World Conference on Cultural Policies and Sustainable Development, Mondiacult 2022, in Mexico.
– In 2022, a scientific research by the son of the city of Aleppo, Antoine Makdis, related to how to recover from the effects of war through independent cultural production based on intangible cultural heritage won the first place in the competition of the Foundation of Santgrata, specialized in the Italian cultural economy.
– An integrated archaeological project in the Baal Shemin Temple in Palmyra has been shortlisted for the third cycle of ICCROM Sharjah Award for the Conservation and Protection of Cultural Heritage in the Arab Region 2020-2022.
Rasha Mahfoudh and Mays Al-Ani
Follow SANA news on Telegram https: / / t.me / SyrianArabNewsAgency

The Syrian Trust for Development supports traditional glassblowing through projects that enhance craftsmen's skills and income.

The Syrian Professional Center Association is preserving traditional crafts like glassblowing by training and financially supporting artisans.

Title:

Content: Exhibition of craft products by Syrian and Russian artists in the public park in Aleppo
Halab-Sana
On the grounds of the public park in the city of Aleppo, the activities of the exhibition of craft products were launched today, with the participation of 20 craftsmen and artists from Syria and the Russian Federation.
The exhibition, organized by the Ministry of Industry in cooperation with the Russian Cultural Center in Damascus, the Federation of Artisans in Aleppo and the Syrian Professional Center Association, includes a collection of heritage and artistic works, paintings of Ajami thread, ornaments and handicrafts of wool, orphans, leather, rugs, carpets, bamboo and silver industry.
According to the President of the Union of Artisans in Aleppo, Mohammed Hossam Hallak, in a statement to SANA correspondent, the exhibition aims to highlight the traditional handicrafts and crafts and folklore professions to revive them by training the younger generations and mastering their industry to preserve them.
Mustafa al-Nu, President of the Syrian Professional Center Association, pointed out that the association worked to attract professionals and handicrafts, and provided them with financial grants to encourage them to continue their work, to preserve these crafts from extinction, in addition to training young people wishing to learn these crafts and develop them to suit the times.
The Russian artist Yuri Lishin, famous for the manufacture of blowing on glass, talked about his professionalism for more than 54 years, and his participation in many exhibitions in the world, indicating that his visit to Syria to learn about the glass industry, and participate in workshops on the manufacture of hand glass in Syria.
A number of participants noted the importance of the exhibition, which allows for the marketing of their products, where Zakaria Sultan, who works in the craft of silver and peat breaking, explained that he participates with silver and copper products and accessories made by hand in various forms for swimming pools, steadfastness, image cadres and chandeliers, in addition to grafting copper on wood, calling for providing the necessary support to maintain this profession.
The craftsman Ayman Saeed presented the results of the drawing on wood, which is called Ajami art, and stated that he learned to make this art and plant motifs and painting in Arabic calligraphy in the association, and became a trainer contributing to the revival of heritage, and that the exhibition is an important opportunity to market his products.
Artist Tala Naravyan participated in watercolor, oil and other paintings painted with pencils and charcoal, talking about the Armenian and Arab heritage and the neighborhoods of Aleppo and its citadel, pointing out that she participates to introduce people to the components of the rich Syrian heritage through painting because it constitutes the language of the world.
Samira Misto, who works in the craft of making the ancient traditional macrame, using colored threads and ropes to decorate the Koran, mirrors, clothes and jewelry, pointed out that she is working to develop this profession by adding beads and tree trunks to revive and preserve it.
Qusay Razzouk
Follow SANA news on Telegram https: / / t.me / SyrianArabNewsAgency
Look, too.
Aleppo Public Park

The association aims to preserve traditional crafts and adapt them for modern times.


Africa's foreign direct investment fell to $45 billion in 2022, or 3.5% of the global total, from $80 billion in 2021.

New project announcements rose 39% to 766 in 2022, with six of the 15 largest investments located in Africa.

Egypt's foreign direct investment more than doubled to $11 billion due to increased cross-border M&A sales.

South Africa saw a 1,235% increase in investment inflows, from $3.062 billion in 2020 to $40.889 billion last year.

Mozambique's foreign direct investment rose 68% in 2021, mainly in green energy projects.

Nigeria and Ethiopia received 5.8% and 5.1% of Africa's FDI inflows, mainly for clean energy projects.

The British International Investment made investments in Kelix bio and Moove, a pharmaceutical platform and a fintech company, totaling $170m.

India is the fifth largest investor in Africa, with 18 new embassies, over 1.3 million people of Indian descent, and significant economic control, particularly in East Africa.

Japanese and South Korean companies, including Toyota, Nissan, Toshiba, Hyundai, Samsung, and LG, have invested in Africa.

The Africa Investment Forum has coordinated $32.8 billion in investment deals, including a $15.6 billion Lagos-Abidjan highway project connecting Nigeria and Ivory Coast.

Volkswagen has committed to investing $1.4 billion in a new manufacturing plant in Ghana.

The Egyptian government has partnered with Siemens to develop infrastructure projects.

West Africa, especially Nigeria and Ghana, and East Africa, especially Kenya and Ethiopia, have received the most foreign investment in recent years.

Most foreign investment has gone to manufacturing and services, with significant investment also in agriculture and energy.

Business administration graduates can find career opportunities in Africa with companies like Boston Consulting Group, Deloitte, and Procter & Gamble in fields such as management consulting, financial analysis, and marketing.

The African Development Bank's African Development Fund supports business admini

Africa's foreign direct investment fell to $45 billion in 2022, or 3.5% of the global total, from $80 billion in 2021.

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

New project announcements rose 39% to 766 in 2022, with six of the 15 largest investments located in Africa.

What trends are emerging for African startups in 2022?

Egypt's foreign direct investment more than doubled to $11 billion due to increased cross-border M&A sales.

South Africa saw a 1,235% increase in investment inflows, from $3.062 billion in 2020 to $40.889 billion last year.

Title:

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

What trends are emerging for African startups in 2022?

Mozambique's foreign direct investment rose 68% in 2021, mainly in green energy projects.

Title:

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

Nigeria and Ethiopia received 5.8% and 5.1% of Africa's FDI inflows, mainly for clean energy projects.

The British International Investment made investments in Kelix bio and Moove, a pharmaceutical platform and a fintech company, totaling $170m.

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

What trends are emerging for African startups in 2022?

Which European countries lead investment in Africa?

India is the fifth largest investor in Africa, with 18 new embassies, over 1.3 million people of Indian descent, and significant economic control, particularly in East Africa.

Title:

Content: Japan, Korea and India experience to expand Africa, Taiwan and Africa entrepreneurs association
The “Taiwan-Africa Entrepreneurs Association ”, commissioned by the International Trade Bureau of the Ministry of Economic Affairs, attracted more than 130 enterprises interested in exploring the African market. The exhibition and consultation desk at the representative office showed that our company's desire to expand the African market is very hot.
The theme of the event was “The Key to Success for Foreign Investors (Japan, Korea and India) in Expanding Africa ”. The event was addressed by Wang Ximeng, Secretary General of the Foreign Trade Association, Liu William, Deputy Director of the Bureau of International Trade of the Ministry of Economic Affairs, Msibi, Ambassador of the Kingdom of Swaziland, and Chen Shu-fang, President of the Association of Taiwan Commerce. In addition, Hung Sheng Packaging General Manager Tang Jung-hung, Yi Ho Industrial General Manager Fu Yang-li, and Nam Wei Industrial Strategy Director Yang Wei-han analyze the development opportunities in Africa from their practical experience in the packaging, building materials, and textile industries.
Wang Ximeng, secretary general of the Foreign Trade Association, pointed out that in addition to the competition between Europe, America and China over the layout of the African continent, Japan, South Korea, India and other countries in Asia are committed to increasing investment and economic cooperation in Africa.
There are more than 1.3 million people of Indian descent in Africa, such as in East Africa, where more than 60% of the economic lifeline is controlled by Indians.
In addition, 18 of India's 25 newly established embassies and consulates are located in Africa, and India has become the fifth largest investor in Africa, while Japanese automobile manufacturers Toyota, Nissan, and electrical appliance giant Toshiba have already planted flags in Africa; South Korea's Hyundai, Samsung, LG and other large enterprises have also been stationed in Africa.
Through this event, we hope to help our business people to learn from foreign companies such as Japan, Korea and India, as well as African market leaders, and shorten the path to enter the African market.
Liu, deputy director of the International Trade Bureau, said that in recent years, the global economy has continued to be volatile due to changes in the international situation such as Sino-US trade frictions, global inflation, and the Russian-Ukrainian war, but Africa has shown great resilience during this period.
In addition, foreign direct investment in Africa reached US $45 billion in 2022, which has returned to the pre-epidemic level, indicating that confidence in investment in Africa has gradually recovered. In 2022, the total import and export value of Africa reached a new high in recent years, with imports reaching US $694.5 billion, up 14%, and exports reaching US $661.4 billion, up 19%. It is hoped that through the activities of the association, upstream and downstream companies in various industries can learn from each other and share their experiences, and work together to promote Taiwan-Africa economic and trade relations.
The event will be held in conjunction with AGOA, a major textile manufacturer in South China, and the representative offices of African embassies in Taiwan, Africa-related associations, and import and export banks providing trade and financial services. For more information, please visit africa.taiwantrade.com for more information.

Which Asian countries are investing in Africa?

Which countries are actively investing in Africa besides China?

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

Japanese and South Korean companies, including Toyota, Nissan, Toshiba, Hyundai, Samsung, and LG, have invested in Africa.

Which countries are actively investing in Africa besides China?

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

Which sectors received the most foreign investment?

The Africa Investment Forum has coordinated $32.8 billion in investment deals, including a $15.6 billion Lagos-Abidjan highway project connecting Nigeria and Ivory Coast.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Africa Investment Forum Announces $32.8 Billion Investment Coordination
African Development Bank (AfDB) President Akinwumi Adesina announced that the forum succeeded in coordinating investment deals for projects in Africa worth $32.8 billion.
At the end of the Africa Investment Forum, Adesina said that the largest deal reached at the African Investment Forum, which was held by default, during the period from 15 to 17 March, amounted to $15.6 billion for the Lagos-Abidjan highway, which connects two major cities in West Africa, Nigeria and Ivory Coast.
The 1,200-kilometer highway will consist of four to six lanes and will take about six years to complete, he said.
The projects addressed by the forum touched on the sectors of agriculture, education, energy, climate, health care, minerals, mining and information and communication technology.
Adesina noted that other projects will include the creation of a new medical city in the Senegalese capital of Accra, a fund for health services for low-income populations in South Africa, and two pharmaceutical manufacturing platforms: one in West Africa and the other in Kenya.

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Volkswagen has committed to investing $1.4 billion in a new manufacturing plant in Ghana.

The Egyptian government has partnered with Siemens to develop infrastructure projects.

West Africa, especially Nigeria and Ghana, and East Africa, especially Kenya and Ethiopia, have received the most foreign investment in recent years.

Most foreign investment has gone to manufacturing and services, with significant investment also in agriculture and energy.

Title:

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

Tanzania is fast becoming one of the best investment destinations in the world

  • The number of registered projects in Tanzania increased by 128%, in February.
  • A total of 41 projects were registered across the country.
  • e 7,370 jobs expected from the new projects portray a 493% increase over those created by projects registered in February 2022.

Tanzania's pro-business stance, perpetrated by the President of the country, Samia Suluhu Hassan is sending a positive message to investors, who are increasingly choosing Tanzania as their preferred investment destination, with the number of registered projects increasing by 128%, according to the most recent data.

The aforementioned data which was released by the Tanzania Investment Centre (TIC) shows that in February 2023, a total of 41 projects were registered across the country. This represents a 128%increase compared to 18 projects that were registered in February 2022.

Projects registered in February 2023 had a total value of $339.2 million (over Sh780 billion) and were expected to create 7,370 jobs. This reflects a 347% growth over the $75.9 million in capital estimated to be pumped into the country's economy in February 2022.

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Likewise, the 7,370 jobs expected from the new projects portray a 493% increase over those created by projects registered in February 2022.

The TIC executive director Gilead Teri noted via the TIC’s Monthly Investment Bulletin for February 2023 that through President Samia’s initiative to simplify business license registration, coupled with her devotion to growing the investment portfolio of the country, Tanzania has been able to become the attractive investment destination it is in her young tenure so far.

He stated, “apart from devoting considerable attention to supporting investors, the administration of President Samia Suluhu Hassan has streamlined licenses and permits procedures through implementing the Blueprint for Regulatory Reforms.”

He also noted that the government has increased its use of automation in compliance processes in recent months. It has also rationalized institutions to reduce duplication and simplified the process of acquiring land for investment purposes.

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President Hassan recently moved the investment docket from the Ministry of Industry and Trade to the President's Office in an effort to further transform Tanzania's investment landscape.

Additionally, the value of capital expected to be invested has increased by 413%, rising from $66 million in January to $339 million in February of this year.

Transportation remained the most capital-intensive sector, followed by agriculture, manufacturing, tourism, and commercial buildings. Transportation emerged as the leading sector in attracting investment in February 2023, with projects worth $156.17 million.

In February 2023, it accounted for 46% of the total value of projects registered. Agriculture came in second with $90.20 million, accounting for 27%, while manufacturing received $53.68 million, accounting for 15.8%.

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Tourism projects were valued at $29.02 million, while commercial buildings brought in $10.15 million, representing 9% and 3% of the total.

Manufacturing, tourism, and agriculture emerged as the top three leading sectors in attracting foreign direct investments (FDIs).

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Additives are commonly used in salmon farming to enhance growth, health, and quality, with varying regulatory standards across countries.

Common additives in salmon farming include vitamins, minerals, and amino acids, while hormones and steroids are rarely used due to regulations and health concerns.

Additives in salmon farming promote growth, prevent disease, and enhance quality, as well as improve color and texture.

Astaxanthin, a carotenoid pigment, is used to give salmon its pink color, typically in a mixture of synthetic and natural forms.

Insect- and plant-based foods, like mealworms, are being explored as a potential replacement for fishmeal in salmon feed.

The use of additives in salmon farming has raised health concerns, including antibiotic resistance and toxic chemical effects.

Farm-raised salmon contains high concentrations of banned PCBs, which are linked to an increased cancer risk.

Eating farmed salmon more than once a month may increase cancer risk, a medical study found.

Regulatory standards for salmon farming additives vary by country, highlighting a need for international cooperation to ensure safety and sustainability.

The Norwegian Directorate of Fisheries regulates the use of additives in salmon farming, setting standards and monitoring environmental and health impacts.

The European Union has established regulations for additives in animal feed, setting a precedent for other countries.

The Aquaculture Stewardship Council has developed standards for responsible aquaculture, including sustainable feed and reduced waste.

The use of additives in salmon farming raises health and environmental concerns, with varying regulatory standards by country.

Additives are commonly used in salmon farming to enhance growth, health, and quality, with varying regulatory standards across countries.

Common additives in salmon farming include vitamins, minerals, and amino acids, while hormones and steroids are rarely used due to regulations and health concerns.

Additives in salmon farming promote growth, prevent disease, and enhance quality, as well as improve color and texture.

Astaxanthin, a carotenoid pigment, is used to give salmon its pink color, typically in a mixture of synthetic and natural forms.

Insect- and plant-based foods, like mealworms, are being explored as a potential replacement for fishmeal in salmon feed.

The use of additives in salmon farming has raised health concerns, including antibiotic resistance and toxic chemical effects.

Title:

Content: Miscellaneous
Publish Date: December 13, 2021 8: 47 GMT
Updated on: December 13, 2021 9: 40 GMT
Study: Eating Too Much ‘ Farm Salmon ’ May Cause Cancer
A medical study published on Monday warned that overeating salmon raised in farm ponds could lead to cancer.
The Daily Newspaper noted.
+ A -A
Source: Erm News
A medical study published on Monday warned that overeating salmon raised in farm ponds could lead to cancer.
The Daily Express newspaper pointed out that "some previous studies found that salmon, jam in ponds, which is widely consumed around the world, doubles the risk of prostate cancer," pointing out that "salmon is a useful food source for health because it contains omega-3 fatty acids."
"While one salmon is caught in open water, like the seas, the other is bred in tight spaces (farms and ponds), which could have implications for human health," the paper said.
Studies have found that PCBs in farm-raised salmon were about 8 times higher than concentrations in wild salmon, adding that PCBs have been banned for commercial use for decades, but their effects can still be found in the environment, which may adversely affect human diet and therefore health.
According to a study by the Environmental Defense Fund, eating salmon raised in farm ponds on a regular basis may increase the risk of cancer after multiple cases of contamination have been detected in the United States and other countries.
"Medical scientific findings, published in the Journal of Medical Sciences, suggest that cheap farmed salmon sold in stores may do more harm than good."
“Risk analysis suggests that consumption of farmed Atlantic salmon may pose health risks that detract from the beneficial effects of fish consumption, ” the study said.
Eating farmed salmon more than once a month may be enough to increase the risk of cancer.
"In multivariate analyses, men with the highest concentrations of PCBs were twice as likely to develop prostate cancer than men with the lowest concentrations."
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What has the release of Netflix's ecological crisis documentary "Seaspiracy"  exposed?

The pollution risks associated with antibiotics used in sea-farmed salmon.

What health concerns are there specifically related to additives in farmed salmon feed?

Farm-raised salmon contains high concentrations of banned PCBs, which are linked to an increased cancer risk.

What health concerns are there specifically related to additives in farmed salmon feed?

Eating farmed salmon more than once a month may increase cancer risk, a medical study found.

What health concerns are there specifically related to additives in farmed salmon feed?

Regulatory standards for salmon farming additives vary by country, highlighting a need for international cooperation to ensure safety and sustainability.

The Norwegian Directorate of Fisheries regulates the use of additives in salmon farming, setting standards and monitoring environmental and health impacts.

The European Union has established regulations for additives in animal feed, setting a precedent for other countries.

The Aquaculture Stewardship Council has developed standards for responsible aquaculture, including sustainable feed and reduced waste.

The use of additives in salmon farming raises health and environmental concerns, with varying regulatory standards by country.


The global avocado market has grown significantly, with online sales rising 334 percent since 2017.

Avocado imports in Europe have increased by 23% compared to the same week in 2023, without a corresponding price reduction.

Avocado imports in China have declined, with Peruvian arrivals down by over half year-on-year.

Producing one kilogram of avocado requires around 1,000 liters of water, contributing to water scarcity and aquifer depletion.

Avocado cultivation, mainly in Mexico's Michoacán, has caused deforestation, soil erosion, and water contamination.

The demand for avocados has led to a mafia controlling production and distribution in some countries, affecting local farming communities.

In Mexico, avocado yields average 10.30 metric tons per hectare, with most exports going to the US, where profits are over 50% higher than domestic sales.

International demand for Mexican avocados continues to increase, driven by higher profitability abroad.

Avocado transport emits around 5.4 kg of CO2 per kg of avocado.

Governments can promote sustainable avocado farming by offering incentives and enacting protective laws.

Certification schemes like Fairtrade or Organic promote equitable and sustainable avocado production by ensuring producers meet environmental, social, and economic standards.

Certification schemes like Global G.A.P. and Rainforest Alliance can help avocado producers demonstrate sustainability and social responsibility, leading to increased market access and premium prices.

The rising demand for avocados has significant social, economic, and environmental impacts on producer countries, especially Mexico and Central America.

Sustainable avocado production and trade require collaboration among governments, farmers, and consumers to address economic, environmental, and social concerns.

The global avocado market has grown significantly, with online sales rising 334 percent since 2017.

Title:

Content: HAB study reveals fastest growing retail channels for avocado purchases

HAB study reveals fastest growing retail channels for avocado purchases

A recent Hass Avocado Board (HAB) avocado channel segmentation study has revealed the fastest growing retail channels for avocado purchases.

As a companion piece to Rethinking Retail: Avocado Shopper Segmentation, released earlier this year, the research helps the industry understand key shopper segments better, by diving into the retail channels where shoppers purchase avocados, and outlines key purchase metrics within each retail outlet.

According to the study, which was based on household purchase data from the IRI Consumer Network, grocery claimed the majority of avocado purchases across all shopper segments in 2020, but lost dollar share to the internet and large format channels since 2017.

The Internet, Walmart, and Club channels contributed a combined $123.2 million in incremental avocado purchases, accounting for the majority of total net category growth from 2017-2020.

Moreover, the Internet channel emerged as the fastest growing channel for avocado shoppers over the past four years, showing growth of nearly 334 percent since 2017 for avocado purchases. This growth added $30.5 million in purchases to the category over the 3-year period.

Since 2017, the Internet channel has more than doubled its share of avocado purchases, driven by an 11 percent increase in annual household spend and a 30 percent increase in the number of avocado purchase trips.

Club Stores have the second highest share of avocado purchases at 14 percent, with the second highest growth rate at 26 percent since 2017. Club store purchases accounted for an additional $55.6 million for the category, making it the largest contributor of incremental purchases over the 3-year period.

In addition, Ultra shoppers were found to be more likely to purchase avocados across multiple retail outlets. The Ultra segment made up a smaller portion of avocado shoppers across all retail channels in 2020, yet these shoppers hold the largest share of avocado purchases in every channel.

Furthermore, the study concluded that Ultra shoppers are also more likely to make repeat purchases, make more purchase trips per year, and have the highest avocado spend per trip of any other segment across all channels. These higher purchase trends and the multi-channel shopping behavior of Ultra Shoppers is a key factor in the changing retail landscape.

In conclusion, the channel segmentation study highlights that the industry can leverage key shoppers in the internet channel, capitalize on opportunities to generate engagement in high-growth channels with Ultra shoppers, and create marketing and promotional opportunities that bring in shoppers and increase purchase frequency in each channel.

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How has avocado consumption changed in recent years?

What are the positive effects of the global demand for avocados on the countries and regions that produce and export them?

Avocado imports in Europe have increased by 23% compared to the same week in 2023, without a corresponding price reduction.

Title:

Content: Avocado imports rise in Europe, decline in China

More News Top Stories

Specialized intelligence company Avobook's week 29 report noted interesting movements in the global avocado market.

European avocado imports saw a 23% rise compared to the same week in 2023. Interestingly, the report points out that this has not induced a price reduction.

. The interesting thing, the report points out, is that this has not induced a price reduction.

Something different can be observed in China, where arrivals from Peru have decreased by more than half year-on-year. Peruvian supplies usually dominate the market at this time of the year.

In the case of the United States, Avobook explains that Mexican supplies account for 40% of the market, while California's account for 28%, and Peru's, 24%. The scenario in the U.S. market shows slightly lower prices than the previous week in all grades.

Review the full report here.

The Global Avocado Summit, organized by the Chilean Avocado Committee and the Yentzen Group, will be held on November 21 at the Casino Monticello event center in Chile.

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How has avocado consumption changed in recent years?

Avocado imports in China have declined, with Peruvian arrivals down by over half year-on-year.

Producing one kilogram of avocado requires around 1,000 liters of water, contributing to water scarcity and aquifer depletion.

Title:

Content: Avocado: Between Environmental Impacts and Global Market Controllers
In the Mexican state of Michoacán, which produces about 80% of the world ’ s avocado, avocado cultivation has depleted local water supplies and caused severe environmental damage, with studies showing that avocado cultivation has led to deforestation, soil erosion and chemical contamination of water sources.
(Getty)
In recent years, the avocado industry has become a staple in many diets around the world, and its popularity has increased greatly due to the multiple health benefits.
However, the demand for this fruit has led to harmful environmental effects and the emergence of a mafia that controls the production and distribution of avocados in some countries.
A Chilean study published recently said that avocado cultivation has caused severe water shortages, as well as in Peru, where large farmers have dominated the avocado market since the 1990s, where cultivation requires huge amounts of water, the production of one kilogram of avocado, consumes about 1,000 liters of water, much more than other crops such as tomatoes or oranges.
According to a report by the Water Footprint Network, the production of one kilogram of tomatoes requires about 300 liters of water, and the high water use of avocado production has led to water scarcity and depletion of aquifers in some areas.
In the Mexican state of Michoacán, which produces about 80% of the world ’ s avocado, avocado cultivation has depleted local water supplies and caused severe environmental damage, with studies showing that avocado cultivation has led to deforestation, soil erosion and chemical contamination of water sources.
According to the report, moving avocados from the production site to the market also has a significant impact on the climate, as avocados are grown mainly in developing countries, and are exported to developed countries such as the United States, Europe and Japan, and the transport of avocados over long distances contributes to greenhouse gas emissions harmful to the environment. Approximately 5.4 kg of carbon dioxide emissions per kg of avocado.
Avocado production has also led to the emergence of a mafia that controls the production and distribution of avocados in some countries, where the avocado mafia operates mainly in Mexico, where it controls the production and export of avocados, and this mafia, according to media reports, consists of criminal organizations that use violence and intimidation to control the production and distribution of avocados, and often extort money from farmers. The avocado mafia uses violence to eliminate competitors and dominate the export market, as studies have shown that these gangs are responsible for deforestation, land grabbing and violence against indigenous communities in Mexico.
According to dozens of studies published in recent years, avocado cultivation also has negative effects on local communities. In some areas, demand for avocados has led to land grabbing, community displacement, labor exploitation, and avocado cultivation in the Mexican state of Michoacán has led to the displacement of indigenous communities and the exploitation of often paid migrant workers. Some studies have shown that the expansion of avocado cultivation has displaced traditional crops, leading to food insecurity and loss of biodiversity.
According to the study, governments around the world can take various measures to mitigate the impact of this agriculture on the climate, and one way is to promote sustainable avocado farming practices that reduce water use and reduce the use of chemicals. Protect the environment, provide financial incentives to farmers and enact laws that will deter illegal and criminal practices in these countries.

What negative impact has the increased global demand for avocados had on the environment?

Avocado cultivation, mainly in Mexico's Michoacán, has caused deforestation, soil erosion, and water contamination.

What negative impact has the increased global demand for avocados had on the environment?

The demand for avocados has led to a mafia controlling production and distribution in some countries, affecting local farming communities.

What negative impact has the increased global demand for avocados had on the social structure and the economy of the countries that produce them?

displacement of local communities
increased criminal activity

In Mexico, avocado yields average 10.30 metric tons per hectare, with most exports going to the US, where profits are over 50% higher than domestic sales.

Title:

Content: Mexican avocado production to fall in 2021-22 - FreshFruitPortal.com

Mexican avocado production to fall in 2021-22

Mexican avocado production is forecast to fall by eight percent year-on-year in the 2021-22 season, according to a USDA GAIN report.

The country is expected to produce 2.33 million metric tons (MMT) between July 2021 and June 2022, following a record volume year in the previous season.

"Growers state that they are expecting needed tree recovery after record productivity and production (especially in Michoacán) in the MY 2020/21 season," the report said.

"Additionally, insufficient rainfall and high temperatures are likely to reduce production and yields in non-Michoacan producing states."

Mexico is forecasted to export 1.33 MMT in 2021-22, eight percent lower than the previous season, on lower production. Exports to the U.S. are forecasted at 1.04 MMT.

Michoacán, the only state with phytosanitary approvals to export to the U.S. typically exports approximately 85 percent of production.

According to the USDA, profit margins for export to the U.S. are typically more than 50 percent higher than supplies sold to the domestic market. Michoacán also exported 22 percent greater volumes in 2020/21 than the previous MY to non-U.S. markets, on increased production. Canada, Japan, and Spain were the main destinations.

International demand for avocados from Mexico continues to increase, and producers without access to the U.S. market continue to seek international markets with higher profitability than the domestic market. Jalisco exported 26 percent more volume than the previous marketing year in 2020/21, mainly to Japan, Canada, France and Spain.

Planted and harvested areas are forecasted at 227,126 hectares (ha) and 225,910 ha respectively, with a national yield of 10.30 metric tons per hectare (MT/ha).

Harvest reaches peak from October to February, with average supply from March to May, and low season from June to September.

Annual per capita consumption is seven kilograms (approximately 15 pounds) per person. While a staple in Mexican cuisine, avocado consumption has not grown in recent years because of high prices driven by increased international demand.

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What are the countries and regions that import avocados?

What are the countries and regions that produce and export avocados?

What are the positive effects of the global demand for avocados on the countries and regions that produce and export them?

International demand for Mexican avocados continues to increase, driven by higher profitability abroad.

How has avocado consumption changed in recent years?

How have avocado prices changed in recent years?

What are the positive effects of the global demand for avocados on the countries and regions that produce and export them?

Avocado transport emits around 5.4 kg of CO2 per kg of avocado.

Governments can promote sustainable avocado farming by offering incentives and enacting protective laws.

What strategies can make global avocado trade more ethical?

Certification schemes like Fairtrade or Organic promote equitable and sustainable avocado production by ensuring producers meet environmental, social, and economic standards.

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Content: GLC Cerritos LLC hires Sustainability Director Armando Garcia - FreshFruitPortal.com

GLC Cerritos LLC hires Sustainability Director Armando Garcia

Industry Announcements More News

PRESS RELEASE

In order to enhance its sustainability efforts, GLC Cerritos LLC, the leading Jalisco avocado grower-shipper, has hired Armando Garcia as Director of Sustainability.  This newly created position will evaluate current sustainability initiatives with in the company and define a strategy for future projects.  “Cerritos has shown a strong commitment for its sustainable development over the years, which makes it a very unique company within the Mexican Avocado sector; therefore, I am very excited to undertake this new position and work to strengthen Cerritos sustainability program” commented Garcia.

Mr. Garcia most recently worked as Managing Director of the Jalisco Avocado Growers and Exporters Association (APEAJAL), where he was originally hired to develop its sustainability department.  He introduced projects with Rainforest Alliance, the United Nations Food & Agriculture Organization, the Business Alliance for Climate, Stronger Together, and has worked on the reforestation program, and other green initiatives that APEAJAL has sponsored.

“Cerritos is known throughout the industry for their sustainability efforts.  They strive to live up to their mission “To inspire agribusiness with sustainability by producing healthy food for the world”, said Garcia pointing to such projects as the responsible recruiting initiative with Stronger Together.  The company currently farms 3000 acres of avocados, all of which are certified by Global G.A.P. and Rainforest Alliance.   The company is currently working to securen Fair Trade certification inpreparation for the 2024/25 Mexico avocado season.

Owner Saul Medina mentioned that Armando will first to a deep dive into Cerritos’ current sustainability projects, including governance, human rights, labor and environmental standards.  From there he will develop a sustainability strategy to define how these projects will continue to evolve in the future, and which others will come to bring in sustainability’s full spectrum into the company.

US division president, Giovanni Cavaletto, welcomes Armando Garcia to the team stating  “There is so much good that the Mexican avocado industry brings to the communities where we work.  Mr. Garcia is a great addition to the team to help define our sustainability strategies and share the message of these efforts with the rest of the industry.”

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What strategies can make global avocado trade more ethical?

Certification schemes like Global G.A.P. and Rainforest Alliance can help avocado producers demonstrate sustainability and social responsibility, leading to increased market access and premium prices.

What are the positive effects of the global demand for avocados on the countries and regions that produce and export them?

What strategies can make global avocado trade more ethical?

The rising demand for avocados has significant social, economic, and environmental impacts on producer countries, especially Mexico and Central America.

Title:

Content: For foodies, workers, restaurant owners and investors on both sides of the Rio Grande border, Friday brought a sigh of relief after the United States lifted its temporary ban on imports of Mexican avocados.

The week-long pause — albeit a short one — had fueled concerns in the avocado industry, from the workers who pick the fruit in Mexico to consumers worrying about a potential shortage of a staple in the diets of many Americans.

Mexico supplies about 80 percent of the avocados eaten in the United States. The import ban — stemming from purported threats to a U.S. inspector in the Latin American country — shook a billion-dollar industry. Not only did the commotion showcase the law enforcement issues that growers are frequently subjected to in Mexico, but experts said it underscored the importance of one of the strongest and most successful bilateral trade agreements.

Before being smeared into toast or squashed into guacamole, the avocado’s life begins in an orchard in Michoacán — a western Mexican state over a thousand miles away from the border and the only one allowed to send over avocados to the United States. From a bright-green fruit hanging atop trees to its final stage inside American kitchens, the avocado’s journey from seed to food encompasses different phases of inspections and agreements between the two nations — which suddenly took a hit.

Last week, a plant safety inspector from the U.S. Agriculture Department’s Animal and Plant Health Inspection Service was inspecting avocados in Michoacán, when he saw some avocados that looked suspiciously like they came from another state, according to USDA and other industry experts. He raised a red flag and soon after, he received a voice-mail threat. Then the USDA announced it was shutting down imports until it could be assured its agents were safe.

The potential of an impending shortage quickly rippled across the industry — one that came shortly before the Super Bowl, one of the avocado’s biggest events. Soon, food establishments and groceries began worrying about keeping up with a demand that has exponentially increased throughout the past decade.

Prices for the fruit deemed “green gold” were already 100 percent higher than the previous year, said David Magaña, a senior analyst for RaboResearch Food & Agribusiness. But the year-long availability of avocados had also increased as well — indicating that a surge in demand can be attributed to different factors, he said.

For one, avocados, with their versatility and healthy fat attributes, became a food trend and Internet obsession. At the same time, the Hispanic population booms across the country — with a larger share of Latinos among Gen Z — have been “one of the major forces pulling the demand for avocados,” the analyst said.

But behind all those green juices and avocado Instagram-worthy photos is the partnership between Mexico and the United States — which has played a crucial role in enabling the market to expand.

In 1995 — a time when “fat-free” food staples ruled the market — the United States did not have much of a taste for avocados. The majority of the consumed fruit was produced in California. Avocado imports that year totaled $14.7 million, of which $700,000 came from Mexico, said David Orden, a professor in the department of agricultural and applied economics at Virginia Tech.

Mexico’s avocados had been banned in the decades before the North American Free Trade Agreement from 1994, Orden said — mostly out of a concern that weevils, scabs and other pests could enter U.S. orchards from imported products. The trade agreement opened the door for the incremental expansion of avocados.

In establishing a system in which U.S. inspectors verify that avocados are pest-free — from when they are growing in orchards to the moment they are packed into sealed trucks — Mexico has been allowed to ship its agricultural product. It started with an approved wintertime stock in Alaska back in the ’90s that has turned into a current year-long supply in all states.

“So that’s all very encouraging and great story about growth and trade agreements, and something the U.S. is trying to do in other countries as well,” Orden said.

The agreement has contributed to economic progress in both sides of the border. Last year, “the two-way food and agricultural trade reached $65 billion, including $2.8 billion in Mexican avocado exports to the United States,” U.S. Ambassador to Mexico Ken Salazar said in a statement. In Michoacán, some 300,000 workers depend on the avocado industry — including those doing the picking, the packing and the transporting of the fruit.

But their livelihoods have been threatened by encumbering cartels, who see the booming industry as a golden hen for profit, Orden said.

“It has attracted the attention of these gangs in an area where the cartels are not under control,” he said. “That’s where this story takes on a shadier color. But that’s really a law enforcement issue, and one that affects all of our relationships with Mexico.”

The USDA’s Animal and Plant Health Inspection Service said in a statement that it had worked with the Mexican government and the Association of Avocado Exporting Producers and Packers of Mexico to enact “additional measures” to safeguard the safety of its inspectors.

While the agency did not disclose what such measures encompass, they served to avert what could have been a costly avocado crisis — one that would had impacted plenty, from those picking the fruit to those biting into their avocado toasts.

“With this we ensure the exportation of fruit and provide economic certainty to farmers and day laborers,” Michoacán Gov. Alfredo Ramírez Bedolla tweeted Friday.

What negative impact has the increased global demand for avocados had on the environment?

What negative impact has the increased global demand for avocados had on the social structure and the economy of the countries that produce them?

displacement of local communities
labor exploitation

What negative impact has the increased global demand for avocados had on the environment?

What negative impact has the increased global demand for avocados had on the social structure and the economy of the countries that produce them?

displacement of local communities
labor exploitation

Sustainable avocado production and trade require collaboration among governments, farmers, and consumers to address economic, environmental, and social concerns.

What strategies can make global avocado trade more ethical?