# Foreign Investment in Africa: Trends and Opportunities Report

## Executive Summary

Africa presents significant investment opportunities for business graduates, with diverse sectors showing strong growth potential.

Foreign investment flows have demonstrated resilience despite global economic challenges, with key investments coming from China, the United States, and European countries.

This report outlines current trends, geographical distribution, industrial focus areas, major investors, and partnership opportunities to help students understand career prospects in this growing market.

## Recent Investment Trends and Figures

### Overall Investment Landscape
- Foreign investment in Africa showed resilience during the pandemic period, with Chinese investment in Africa reaching $2.

96 billion in 2020, representing a 9.

5% year-on-year increase despite global economic downturns
- By 2025, experts predict Africa's Internet economy should reach 5.

1% of GDP – approximately $185 billion
- By 2050, Africa is projected to be home to 2.

5 billion people

# Foreign Investment in Africa: Trends and Opportunities Report

## Executive Summary

Africa presents significant investment opportunities for business graduates, with diverse sectors showing strong growth potential.

Title:

Content: Global Economic News
Despite the global decline...
China ’ s investment in Africa grows by 9.5%
Chinese investment in Africa has been expanding steadily despite a downward trend in the global economy and trade caused by the outbreak of the pandemic, according to an official report.
Quoting the "Annual Report on China-Africa Economic and Trade Relations 2021," Xinhua said China's investment in Africa reached $2.96 billion in 2020, up 9.5 percent year on year.
Of the total value, non-financial direct investment was $2.66 billion.
The report was released ahead of the second China-Africa Economic and Trade Fair scheduled to be held in Hunan, central China, from Sept. 26 to 29.
China ’ s investment in Africa ’ s service sector increased sharply, with investment in subsectors such as scientific research, technology services, transport, warehousing and postal services more than doubling, according to the report.
Data from the Ministry of Commerce showed that in the first seven months of 2021, Chinese direct investment in Africa reached $2.07 billion, better than the level recorded for the same period in 2019, before the pandemic.
Publish it.
More Economic News - Global

Title:

Content: South Africa supports calls for global co-operation to boost trade and address economic challenges and climate change

0
32

Johannesburg, South Africa – 23 January 2023: The 53rd Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, concluded on Friday, 20 January 2023. World leaders and corporate executives expressed hope that the looming recession facing the global economy could be avoided if countries collaborated to boost global trade and investment.

A high-level South African government and business delegation has returned home from the meeting more upbeat than before that the current economic slowdown and rising inflation could be resolved if nations addressed global supply disruptions that are leading to commodity shortages and driving up energy and food prices.

The delegation was led by Minister of Finance, Enoch Godongwana, who was accompanied by leaders of South Africa’s major corporations operating in various sectors of the economy. The delegation also included Minister of Trade, Industry and Competition, Ebrahim Patel; Minister of International Relations and Cooperation, Naledi Pandor; and Minister of Human Settlements, Mmamoloko Kubayi.

This year’s WEF Annual Meeting was held under the theme “Cooperation in a Fragmented World” and covered many interconnected topics including the impact of the ongoing Russia-Ukraine war on the commodity markets, skyrocketing cost of living caused by rising inflation and monetary policy tightening by central banks, climate change, and the growing impact of artificial intelligence (AI) on workplaces and labour markets.

“The South African delegation did a fantastic job in Davos where it sold our country to global investors as a favourable market to do business and invest in. Notwithstanding the energy supply constraints that our country is currently grappling with, South Africa remains an attractive investment destination given its excellent infrastructure, sophisticated financial markets, and a skilled workforce,” says Sithembile Ntombela, Acting CEO of Brand South Africa.

The South African government is currently implementing structural reforms that have opened the energy sector to private investment to boost energy generation and bring an end to load-shedding that is constraining the economy.

“The structural reforms that are currently being implemented by the government are making progress in removing investment bottlenecks and reducing the cost of doing business. These reforms will enable South Africa, a preferred destination by local investors and global multinationals looking to expand across Africa, to take advantage of the opportunities presented by the African Continental Free Trade Area (AfCFTA),” says Ntombela.

The AfCFTA, which officially launched in 2021, will create the world’s largest free trade area, stimulate intra-African trade, develop regional value chains, and promote industrialisation across the continent.

The AfCFTA Secretariat and WEF revealed in a report unveiled at this year’s Davos meeting that AfCFTA is projected to create single market that will grow to 1.7 billion people and $6.7 trillion in consumer and business spending by 2030.

By 2050, the continent is estimated to be home to 2.5 billion people and a market with a combined business and consumer spending of $16.12 trillion.

The report titled “A New Era for Global Business and Investment in Africa” lists four high-potential sectors that hold lucrative opportunities for companies looking to invest in Africa.

These sectors are automotive, agriculture and agro-processing, pharmaceuticals, and transport and logistics, which are all expected to see rapid growth in terms of production and trade volumes under AfCFTA.

“Given that South Africa is the most industrialised and sophisticated economy in Africa, it is well positioned to take advantage of opportunities presented by AfCFTA. The development of the free trade area will require massive investment in logistics and telecommunications infrastructure to reduce the cost of doing business and enable free movement of people, goods and services,” explains Ntombela.

With the green energy transition and digital transition in full motion around the world, the delegation that represented South Africa at WEF2023 expressed support for calls to reskill and upskill workforces, particularly the youth, to prepare them for future workplaces and to mitigate job losses.

The delegation is impressed by the progress made by the WEF’s Reskilling Revolution; an initiative launched in 2020 to empower 1 billion people. So far, the initiative has reached 350 million people.

Climate change also took centre stage at WEF with world leaders and business executives committing themselves to supporting the implementation of the Paris Agreement, which calls on all countries to cut carbon emissions to limit global warming to around 1.5 degrees celsius and strive towards attaining net zero emissions by 2050.

This commitment requires countries and businesses to move away from using fossil fuel energy sources like coal and crude oil and adopting clean and environmentally friendly energy sources such as wind and solar power.

The launch of the new Coalition of Trade Ministers on Climate, which brings together over 50 countries, was also a highlight of this year’s  WEF annual meeting.

The coalition aims to tackle climate change by promoting trade and investment that encourages adoption of goods, services, and technologies that mitigate climate change in both developed and developing countries.

“However, the global challenges that were highlighted at WEF 2023 cannot be resolved in a fragmented world in which countries are pulling in different directions. These challenges require collaboration and unity by the nations of the world, where counties are working together to find solutions in an integrated global economy,” concludes Ntombela.

Ends/////

Issued by Brand South Africa

Notes to the Editor

Contact: Phindi Mathebula

Email:phindilem@brandsouthafrica.com

Mobile number: +27 64 890 7414

About Brand South Africa

Brand South Africa is the official marketing agency of South Africa, with a mandate to build the country’s brand reputation, to improve its global competitiveness. Its aim is also to build pride and patriotism among South Africans, to contribute to social cohesion and nation brand ambassadorship.

This electronic communication and the attached file(s) are subject to a disclaimer which can be viewed at https://www.brandsouthafrica.com/terms-and-conditions . If you are unable to view the disclaimer, please email info@brandsouthafrica.com for a copy.

Title:

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

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
Private Investment Committee: We value the economic reforms of the Egyptian government
Dr. Samir Sabri, Rapporteur of the Committee on Domestic and Foreign Private Investment, said that we appreciate the Egyptian government ’ s many economic reforms since 2014, stressing that we look forward to the private investment rate reaching 65%, which contributes to achieving high growth rates in the Egyptian economy.
This came during the first session of the discussion sessions of the Private Investment Committee (local and foreign), which was held during the second week of the national dialogue on Tuesday under the title "Analysis of the domestic and foreign investment climate in reality, opportunities and challenges."
He added that through this session, we want to analyze the reality and discuss the challenges and search for various investment opportunities, pointing out that what happened in the Egyptian state of many events was a major reason for the decline of the private sector and its investments since 2007 until now.
He explained that the Egyptian government has achieved during the past period an unprecedented boom in infrastructure and improve the public life of citizens, and the elimination of virus C, which was a major problem for Egyptians, as well as the elimination of terrorism and the achievement of security stability, which is one of the most important determinants of attracting investment.
He added that all of us are working to serve this country, pointing out that the session is one of the most important sessions because investment is the quick solution of the crises we face, investment is a triangle of its risks, cost and return.
On his side...
Abdul Fattah al-Jebali, assistant rapporteur of the economic axis, said that we are looking forward to reaching positive results on the investment file in light of the prevailing economic conditions, pointing out that there are three main objectives, namely combating inflation, addressing the problem of unemployment and addressing poverty.
He added that the growth rates in Egypt are growing by at least 8%, which requires new investments to raise rates to 20 to 30%, pointing out that the current investment rate in Egypt is about 15%, we look forward to the private investment rate to about 65% in order to achieve high growth rates in the Egyptian economy.
He pointed out that the rates of foreign direct investment from the country have increased during the past period, we seek to reach recommendations in order to encourage and attract investment, and we look forward to practical solutions that encourage investment in all fields, especially the productive sectors, whether agriculture or industry.
On his side...
The Assistant Rapporteur of the Private Investment Committee (local and foreign), Dr. Bassem Lotfy, said that the national dialogue is a positive opportunity to dialogue on the investment file and all the challenges facing it, stressing the importance of startups and their role in the economy.
And in turn...
Chairman of the General Authority for Investment and Free Trade Hossam Haiba said that we look forward to hearing all opinions in order to reach consensus and create common spaces, in addition to trying to clarify what has been done during the past period of many efforts.

Title:

Content: What's new

China ‘winning lion’s share’ of construction projects in Africa, study finds

Nan Yang

SENIOR MEMBER
Joined
May 1, 2010
Messages
5,102
Reaction score
1
Country
Location

China ‘winning lion’s share’ of construction projects in Africa, study finds

  • US and European firms won 85 per cent of infrastructure contracts back in 1990, according to Hinrich Foundation report
  • But that has changed since Beijing made a strategic pivot to the continent and launched the Belt and Road Initiative
Jevans Nyabiage
Published: 4:00pm, 13 Aug, 2023

Chinese companies have built multibillion-dollar projects across Africa, from railways and bridges to hydroelectric dams. Photo: Xinhua

In the 1990s, about eight out of 10 contracts to build infrastructure in Africa were won by Western companies.

That started to change when China made an aggressive push into the continent, with a “going out” strategy that encouraged Chinese companies to venture overseas in search of markets and raw materials.

By 2013, when Xi Jinping became China’s president, Western firms were running 37 per cent of African infrastructure projects versus 12 per cent for Chinese companies, according to a new report by the Hinrich Foundation, an Asia-based philanthropic organisation.

Now, the tables have turned. Chinese companies accounted for 31 per cent of African infrastructure contracts valued at US$50 million or more in 2022, compared with 12 per cent for Western firms, the study on Africa’s growing clout in global trade and geopolitics found.

Chinese companies have built multibillion-dollar projects across the continent, including ports, railways, highways, bridges and hydroelectric dams – fuelled by Beijing’s vast Belt and Road Initiative.

“This is a big change from 1990, when US and European companies won 85 per cent of African construction contracts,” according to the study conducted by Keith Rockwell, a senior research fellow and former World Trade Organization director.

Rockwell said that under the belt and road strategy, launched in 2013, China had funded mega projects worth billions of dollars such as railways in Kenya and Ethiopia and ports in Djibouti and Nigeria.

In 10 years, engagement through the initiative has exceeded US$1 trillion globally, according to estimates by the Green Finance and Development Centre at Fudan University in Shanghai.

Rockwell noted that China is also Africa’s largest trading partner, with US$250 billion in trade in 2021 compared with US$62 billion in US-Africa trade.

The study found that Chinese infrastructure projects in sub-Saharan Africa totalled US$155 billion over the past two years, and that such investments had given Beijing leverage over African governments. By contrast, total US foreign direct investment in Africa came to US$44.8 billion in 2021.

“With such close trade and business relations it’s no surprise that China is winning the lion’s share of infrastructure project contracts,” Rockwell said.

Aly-Khan Satchu, a sub-Saharan Africa geoeconomic analyst, said China had been more innovative in its financing and was “significantly speedier” in making its strategic pivot to the continent.

“Of course, there have been nuances in this pivot. In the early stage Africa’s balance sheet was emerging from a restructuring and debt forgiveness and therefore there was a significant amount of space and China’s lending reflected this in its ‘aggressive’ initial phase,” Satchu said.

However, Rockwell noted that China is encountering some headwinds in its dealings with Africa. He said projects including a railway in Kenya and a traffic lighting project in Ghana had been controversial and had generated negative public reaction.

He said belt and road lending had fallen by 55 per cent from 2021 to 2022 to US$7.5 billion while overall lending fell from US$28.4 billion in 2016 to US$1.9 billion in 2020. “Some of this is due to the difficulty some African countries have faced in meeting their debt obligations,” Rockwell added.

Still, he said China’s relations with Africa were “broad and deep” and likely to remain strong for many years.

According to the study, China is clearly ahead in the great power competition for political and economic relationships in Africa. During the Donald Trump era, the US turned its back on Africa, while relations between Europe and its former African colonies have deteriorated, and China “rushed to fill the void”.

That includes the exploration and extraction of critical metals such as cobalt and lithium – essential raw materials for making the rechargeable batteries that power electric vehicles and solar panels.

The study noted that Chinese companies have stolen a march on their US and EU rivals in converting metals to raw materials for batteries. Chinese companies are now sourcing lithium from Zimbabwe and Namibia while the Democratic Republic of Congo and Zambia are top sources for cobalt.

China’s share of global lithium refining capacity is 58 per cent and until similar facilities are operational in Europe, the US or Africa itself, China will be the main customer for Africa’s lithium, the study said, citing the International Energy Agency.

But it noted that Brussels and Washington are playing catch-up. To counter China’s belt and road scheme, the US and its Group of Seven partners last year pledged US$600 billion over five years to the Partnership for Global Infrastructure and Investment. Africa is likely to be the principal recipient of these funds.

The US has pledged to fund construction of the Lobito corridor railway line to transport minerals from the DRC and Zambia to the port on Angola’s Atlantic coast.

The European Union in 2021 also unveiled the Global Gateway, which aims to mobilise up to €300 billion (US$330 billion) in investments between 2021 and 2027 to counter Chinese investments in developing countries, including in Africa.

Satchu said China had an “unassailable lead” in Africa, with significant “assets” on the ground after more than two decades of engagement.

“Both the US and Europe need to come to the party in the context of the battle for minerals, which will power the new economy,” he added.

Jevans Nyabiage
Kenyan journalist Jevans Nyabiage is South China Morning Post's first Africa correspondent. Based in Nairobi, Jevans keeps an eye on China-Africa relations and also Chinese investments, ranging from infrastructure to energy and metal, on the continent.

Back
Top Bottom

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 °
Most Read
You might like it, too.
Share your opinion
Do you expect the Russian-Ukrainian crisis to be contained soon?
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. ”
You might like it, too.
Share your comment

Title:

Content: There were 228 press releases posted in the last 24 hours and 335,604 in the last 365 days.

The 2022 Nigeria Construction Market Report

2022 Nigeria Construction Market Report

ConstructAfrica Logo

The Nigeria Construction Market Report is focused on delivering indepth analysis, projections and insights about the lucrative Nigerian Construction Industry

The Nigerian Construction Market report therefore serves as a guidebook to investors on how to enter and navigate smoothly in the market with as much intelligence as possible.”
— Dr. Segun Faniran

AL MARYAH ISLAND, ABU DHABI, UNITED ARAB EMIRATES, January 15, 2023 /EINPresswire.com/ -- The Nigerian construction market is valued at about US$39.5 billion. The sector's contribution to the country's economy stood at 9.56% and grew by 4.8% in the first quarter of 2022.

And with extensive natural resources, a high volume of young and cheap labor, a fast-growing consumer market, and immense investment opportunities in energy and infrastructure, the West African country will always be a target destination for many large economies.

Nigeria is the largest country in Africa by population and gross domestic product (GDP). The government at all levels is committed to infrastructure development, with the private sector actively responding to the call for partnership by the government. There is a huge advantage for early entrants as the urbanization rate grows.

The government looks to embark on 11,800 new projects and continue old ones. These projects, valued at over NGN3.6 trillion, would involve constructing schools, hospitals, roads, bridges, houses, energy, and telecommunication infrastructure.

Therefore, for global infrastructure investors thinking about entering the Nigerian construction industry, there's no better time.

ConstructAfrica has worked with diligent specialists to create this Nigeria construction market report that will give the readers all the information required to succeed in the Nigerian construction market.

The report offers the following benefits :
Understand challenges and opportunities in the Nigerian construction market.
Gain insight into upcoming and ongoing projects in Nigeria.
Identify key players in the Nigerian construction industry.
Obtain a forecast for the future direction of the market.

To Download the 2022 Nigeria Construction Market Report Sample Presentation for FREE, please click : http://nigeriareport.constructafrica.com

Chinedu Hector Chikezie
ConstructAfrica
+971 50 159 7966
chinedu.c@constructafrica.com
Visit us on social media:
LinkedIn
Twitter
YouTube

Title:

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

Title:

Content: $852 billion.
Global investment recovery in the first half of 2021
0.
Written by: WAS - Harmony:
According to the United Nations Conference on Trade and Development (UNCTAD), global foreign direct investment (FDI) flows reached US $852 billion in the first half of this year, indicating a stronger than expected recovery momentum.
According to the Global Investment Trends report released by the program today, increased investments in the first two quarters of 2021 led to the recovery of 70% of the investment losses caused by the Corona epidemic in 2020, and the rapid recovery of foreign direct investment and optimistic outlook hide the growing disparity in flows between developing and developed economies, as well as the widespread delay in the recovery of investment and productive capacity.
Developed economies saw the largest increase in foreign direct investment in the first half of this year at $424 billion, more than tripling from the same period in 2020, and in Europe several major economies saw an increase of 5% on average.
Flows in the United States increased by 90% driven by increased cross-border mergers and acquisitions, FDI flows in developing economies increased significantly to $427 billion, with acceleration in East and Southeast Asia (25%), recovery from pre-epidemic levels in Central and South America, and recovery in many other economies across Africa and West and Central Asia.

Title:

Content: (Bloomberg) -- Vukile Property Fund Ltd., a South African real estate investment trust, raised its guidance for 2024 paced by a booming Spanish business that helped counter a deteriorating outlook at home.

The company’s funds-from-operations rose 11% in the six months through September, it said in a filing on Wednesday. Its properties in Spain had “negligible” vacancies, compared with 4.5% in South Africa, Vukile said.

Companies in Africa’s most-industrialized economy are reeling from inefficiencies at the state-run logistics firm and power utility. Electricity outages have prompted business to find ways to cut costs while spending more on running generators. Businesses also have to deal with borrowing costs that are at a 14-year high.

“This is getting to an ideal time in the property cycle to buy,” Chief Executive Officer Laurence Rapp said at a briefing in Johannesburg. “The frustration at the moment is that at the time when one should be buying there is limited access to capital. And when you can get it, it’s very expensive.”

Vukile’s shares jumped as much as 5.6% in Johannesburg before paring gains.

Spain’s economy has been among Europe’s top performers since the global pandemic, buoyed by a strong rebound in tourism that’s been aided by unseasonably warm weather.

Given that little new capacity is coming to the market in Spain “where are the tenants gonna trade from? If not from my mall,” Rapp said.

©2023 Bloomberg L.P.

Title:

Content: ECONOMY
Falih: 900 billion riyals of investments in Saudi Arabia
Riyadh - Albilad
The investment strategy contributes to the growth of the national economy and diversification of its sources, including raising the contribution of the private sector to GDP to 65%, boosting foreign direct investment to 5.7% of GDP, increasing the proportion of non-oil exports from 16% to 50% of non-oil GDP, and the Kingdom ’ s progress to one of the top ten positions in the Global Competitiveness Index.
Ambitious figures that reflect high confidence in the strength of the Saudi economy, Minister of Investment Khalid Al-Falih confirmed that comprehensive investments in the Kingdom amounted to 900 billion riyals by the end of last year.
He said on the sidelines of the World Economic Forum in Davos: Foreign investment flows have quadrupled since the beginning of the vision until last year to reach 72 billion riyals, pointing out that the United States accounts for the largest share of these investments, as it is the most important quantity and quality in various sectors, pointing out that there are other investments from Japan, Europe and East Asia.
Al-Falih explained that the energy sector in general is an attractive sector for investments, in addition to petrochemicals, as well as the aviation and defense sector, noting at the same time that the mining sector is very attractive, but it is still in its infancy.
He stressed that the Kingdom is a promising market and part of a larger regional market with the GCC countries, noting that the biggest opportunity is not to localize and replace imports with its importance, but to be a platform for exports, as one of the initiatives of the investment strategy, is the launch of supply chains from Saudi Arabia for global needs.
Al-Falih pointed out that free zones are part of the Kingdom's strategy, stressing Saudi Arabia's keenness that any free zones launched will be in the highest degree of compliance with international regulations, including tax systems, stressing that the Kingdom is one of the highest standards in hosting capital, stressing that it is not a haven for fugitive funds and unknown source.
The Investment Law aims to attract direct investments, enhance the investment environment, preserve the investor ’ s rights and increase his confidence in investing in the Kingdom by facilitating the entry and protection of direct investments, equal treatment between local and foreign investors, defining the investor ’ s rights and obligations, supporting the principle of competitive neutrality and equity and ensuring equal opportunities in the treatment of direct investments by public and private investors.

Title:

Content: Is Africa a good place to start a business?

Africa is experiencing a technology boom: the rapid penetration of Internet and mobile technologies make this region more and more interesting for IT entrepreneurs, despite the specificity and heterogeneity of the market.

IT in Africa

The African continent is a large market, as well as a source of direct access to a large audience with smartphones and a wide range of resources. The region is rich in coal, oil, ferrous metal ores, graphite, aluminum, and phosphate and consists of 54 countries, extremely diverse in terms of population, digitalization, economy, and purchasing power. Since January 2021, the continent has had a free trade zone between the countries of the African Union.

The market entry threshold is low, there is no fierce competition, and the potential for growth and demand for technology projects is enormous: the region has many problems that can be solved through innovation.

The continent has a crazy rate of Internet development and a native love of smartphones. You can buy bananas on the street and pay with your mobile account.

Students are often interested in starting their businesses. More often than not, students choose completely new locations and new startup ideas. We recommend that you consider Africa for your business because in a few years it will bring you success. But first, we recommend visiting Africa as a tourist to get a feel for the atmosphere. If you got carried away with preparing for a trip to Africa and forgot to write a research paper on time do not panic. After all, it’s no trouble, because a student service will always come to your aid. So if you’re wondering if you can pay someone to write my paper, always go to the WritingAPaper service. Its experts will help with any academic paper, and you will have time for exciting trips.

By 2025, experts predict Africa’s Internet economy should reach 5.1% of GDP – about $185 billion. FinTech, AgroTech, eCommerce, InsureTech, HealthTech, and CleanTech are considered the most in-demand areas.

According to research firm Briter Bridges, venture capital investment in African startups totaled $1.31 billion in 2021, most of which came from fintech projects. Kenya, Nigeria, and Egypt are considered to be the drivers of the region’s venture capital ecosystem: projects from these countries have received the most investment over the past few years compared with their neighbors on the continent. More than 30% of the continent’s technology hubs are concentrated here.

“The GDP of the entire region is $6.8 trillion. If Africa were a single country, it would be fourth in the world after China, the U.S., and India. Undoubtedly, the economic power of the region is still small, but in the next 30-50 years, it is predicted a stable growth in the range of 6-12% per year, and this process will be accompanied by the creation of new industries and businesses.

GDP per capita in terms of purchasing power parity in Africa is $5.2 thousand, for comparison, in the Russian Federation – $29.4 thousand, in the USA – $68.3 thousand, in Europe – about $41 thousand. However, in the top 20 fast-growing economies of the world, six lines are African countries: Benin, Ghana, Ethiopia, Tanzania, Rwanda, and Cote d’Ivoire. The main technological hubs on the continent are concentrated in South Africa, Nigeria, and Egypt.

The level of development of the IT market in Africa is 5-10 years behind other countries. Until now, only 28% of the continent’s population has access to the Internet, but in the last few years, the situation is gradually changing. Now the digital industry in Africa is actively developing, and the international market is noticing this trend.

African Accelerators & Incubators

There are more than 600 technology centers in Africa, among them incubators, gas pedals, and co-working spaces for companies. One of the most famous technology centers is the CcHUB. It is located in Yaba, Nigeria’s Silicon Valley. CcHUB boasts a rich network of 650 startups across Africa.

CcHUB partners with Amazon, and Google for Startups, Visa, and other international companies. The incubator focuses on projects in health, smart transportation infrastructure, fintech, education, and cybersecurity.

Another major center actively developing a technology and innovation startup environment is the MEST incubator in Ghana. Assistance from the Meltwater Foundation allows MEST to target startups from all over Africa at the earliest stages of development, train entrepreneurs for free, and help with product prototyping and hypothesis testing.

MEST is an educational program for IT entrepreneurs, an internal seed fund, and a network of incubators for technology startups in Africa. The hubs are located in Accra, Lagos, Cape Town, and Nairobi. The organization has been active since 2008, actively supporting programmers and engineers. One of the programs lasts a year, is designed for 60 start-ups, and is completely free. MEST has many famous partners, such as the acceleration program for fintech startups supported by the French bank Societe Generale.

In Ethiopia today, three private business incubators are systematically working with technology startups: BlueMoon, iceAddis, and iCog/Solve. The first has more AgriTech, the second has eCommerce startups, and the third has programming, including AI projects.

The iCog/Solve gas pedal hosts Ethiopia Hacks, a series of 12 hackathons in which 600 people have already participated. The project is funded by the U.S. Department of State and the U.S. Agency for International Development, with Google Developers Group (GDG) and the Center for Accelerated Women’s Economic Empowerment (CAWEE) as partners.

Here, with the support of Kenya’s Ministries of Health and Transport, the famous MSafari service was created to monitor the passenger flow of public transport.

The Cape Innovation and Technology Initiative (CiTi) is the oldest technology business incubator on the continent. Located in Cape Town and founded in 1999, it focuses on the development of IT projects. During its existence, it has helped three thousand entrepreneurs to create more than two thousand companies and continues to be actively involved in the Cape Town technology community.

iHub – each year the gas pedal supports 450 startups. The gas pedal has a wide range of programs for business startups. One of them is aimed at the development of IT projects run by women.

Startupbootcamp Afritech – runs several accelerator programs, including ASIP Accelerator Program and iNovo. Project recruitment happens all the time, and there is a virtual and offline passing format. The program is supported by Amazon, Nedbank, PwC, and other large companies. Participants have a chance to receive an investment of 15 thousand euros.

The most specialized technoparks are presented in South Africa – Technopark Stellenbosch, Highveld Techno Park, and The Innovation Hub. Notable technoparks exist in Senegal (Dakar Technopolis), Rwanda (Kigali ICT Park), Madagascar, and Zimbabwe at NUST University.

Africa, with a population of 1.35 billion, could overtake China and India in the next decade. McKinsey estimates that by 2025, the region will have 360 million smartphones and 240 million computers and laptops, and digitalization will increase GDP by $140-320 billion. Not surprisingly, such a large – and still technologically untapped – market is beginning to play an increasingly prominent role in the economic arena.

Thanks to the serious penetration of smartphones and the large percentage of the young population, the African market is becoming a convenient environment for launching and developing technological projects. A large number of fragmented states at different stages of economic development makes it difficult to create a unified startup industry in the region but does not prevent the effective functioning of individual technology hubs with which large international companies are willing to cooperate.

Localization of foreign projects in Africa is complicated by a large language group, corruption, and the specific mentality of the population, but the potential growth opportunities and lack of serious competition more than offset the possible risks.

We are committed to Africa

Unlike many global publications, for nearly a decade we have been committed to showing a complete picture of Africa – not just a single story.  Offended by one-sided coverage of wars, disasters and disease, the founders of Africa.com created a website that provides a balanced view of Africa – current events, business, arts & culture, travel, fashion, sports, information, development, and more.

Will you support us?

Title:

Content: Rwanda foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

By David Himbara

Kagame government says it “registered” US$1.3 billion in foreign investment in 2020. In reality, foreign investment dropped from US$354 million in 2019 to US$135 million in 2020

The government of General Paul Kagame is always in fantasy land. Rwanda Development Board (RDD) reports that it “registered” US$1.3 billion in 2020. In reality, Rwanda attracted a mere US$135 million in foreign investment in 2020.

But RDB further fantasizes as follows: “Real estate and construction and manufacturing accounted for 68% of all investments registered at 48% and 20% respectively. Other sectors that attracted significant investments include agriculture, ICT, energy, mining and financial services.”

As noted, foreign investment in Rwanda dropped from US$354 million in 2019 to US$135 million in 2020. Comparatively, Tanzania attracted the largest share of foreign investment in the East African Community (EAC).

Foreign investment in Tanzania increased from US$991 million in 2019 to US$1 billion in 2020. Foreign investment in Uganda dropped from US$1.2 billion in 2019 to US$823 million in 2020. Foreign investment in Kenya dropped from US$1 billion in 2019 to US$717 million in 2020. Stay tuned.

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

Foreign investment flows have demonstrated resilience despite global economic challenges, with key investments coming from China, the United States, and European countries.

Which countries are actively investing in Africa besides China?

Which countries are actively investing in Africa besides China?

This report outlines current trends, geographical distribution, industrial focus areas, major investors, and partnership opportunities to help students understand career prospects in this growing market.

Title:

Content: ...
Start of a new era: Azerbaijan and Israel strengthen economic ties and regional influence
Policy Materials 18 April 2023 09: 44 (UTC + 04: 00)
Maryana Akhmedova
All materials
Over the past three decades, friendly interstate relations between Azerbaijan and Israel have reached the level of a strategic alliance based on mutual understanding on most international issues.
Strong ties have been established, starting with the defense sector and ending with the energy sector.
Today, the two countries are making every effort to bring trade and cooperation in various fields to a qualitatively new level.
In November 2022, Baku announced a historic decision to open an Azerbaijani embassy in Tel Aviv.
The decision to open a diplomatic mission reflects the depth of relations between the two countries and is the result of efforts to build strong diplomatic bridges.
The upcoming visit of Israeli Foreign Minister Eli Cohen to Azerbaijan, scheduled for April 18-19, is another proof of the rapidly developing bilateral relations.
Azerbaijan ’ s trade with Israel in January-February 2023 amounted to 334.1 million dollars, which is 26.36 percent more compared to the same period last year.
The country ’ s share in the total trade turnover of Azerbaijan amounted to 4.66 percent.
At the same time, according to the Ambassador of Israel to Azerbaijan George Dick, it is expected that the trade turnover between Azerbaijan and Israel will double this year.
One of the areas with high development potential is the high-tech industry.
In July 2022, the Azerbaijani Investment Company and the Israeli company OurCrowd, a leading global platform for crowdfunding capital, signed an investment agreement.
In February of this year, the Ministry of Economy of Azerbaijan announced that the Azerbaijani side has already made the first investments in the amount of $1 million, in particular, in the Israeli startup LARGIX, which specializes in the development of industrial products.
Azerbaijan-Israel partnership in the field of innovation and IT has great potential and will be expanded in the future within the framework of joint projects aimed at creating startup ecosystems, developing specialized incubation centers and technology parks, cybersecurity and much more.
Cooperation in the energy sector between the two countries is another basis for the successful development of relations.
Israel already covers a third of its oil needs with imports from Azerbaijan.
The Azerbaijan State Oil Company (SOCAR), which has extensive experience in the oil and gas industry, can make a huge contribution to the development of this sector in Israel.
Naturally, cooperation in the field of green energy is one of the most important areas, on the expansion of which both countries will focus their attention in the coming years.
Having gained extensive experience in the field of renewable energy sources, Israel has repeatedly expressed its willingness to participate in the implementation of green energy projects in Karabakh or other parts of Azerbaijan.
At the moment, according to the latest data, about 10-15 Israeli companies have already applied for participation in projects in Karabakh through the Israeli Embassy in Azerbaijan.
The actual number of companies willing to contribute to the restoration of the liberated lands of Azerbaijan is even higher.
In this regard, Israel has much to offer in several areas other than green energy, such as water management, agriculture, healthcare, innovation or smart cities.
Another very promising and rapidly developing area of bilateral cooperation is agriculture.
There are already several projects that are under implementation with the Israeli private agricultural sector, which include a grain storage and livestock project, dairy farm projects, orchid cultivation and more.
The recent Azerbaijan-Israel Innovation Forum on Agriculture and Education held in Baku is another confirmation of how important this cooperation is for both countries.
Thanks to its innovative technologies, Israel will contribute to the increase of agricultural production and exports of Azerbaijan.
Indeed, both countries have long been the largest players in their regions.
Despite the fact that geographically Azerbaijan and Israel are not so close, both countries have been able to establish such strong and successful ties that sometimes cannot be established by their closest neighbors.
Currently, Azerbaijan is at the forefront when it comes to global issues such as transport connectivity or energy security.
This is where Israel ’ s expertise and technology are vital.
By strengthening bilateral ties, the two countries can take advantage of new opportunities for the benefit of all countries in the region as a whole, opening new horizons.
Tags:
Ribbon
News feed

## Recent Investment Trends and Figures

### Overall Investment Landscape
- Foreign investment in Africa showed resilience during the pandemic period, with Chinese investment in Africa reaching $2.

96 billion in 2020, representing a 9.

5% year-on-year increase despite global economic downturns
- By 2025, experts predict Africa's Internet economy should reach 5.

Which sectors are Chinese investments in Africa focusing on?

Which sectors are Chinese investments in Africa focusing on?

Which sectors are Chinese investments in Africa focusing on?

Which sectors are Chinese investments in Africa focusing on?

1% of GDP – approximately $185 billion
- By 2050, Africa is projected to be home to 2.

5 billion people


# Foreign Investment in African Countries: A Comprehensive Report

## Executive Summary

Foreign investment in Africa has shown significant growth and transformation in recent years, with diverse geographical and industrial distribution.

This report provides insights into current trends, key players, and emerging opportunities for business graduates across the continent.

## Overall Investment Trends

Africa has demonstrated resilience in attracting foreign direct investment (FDI), with FDI flows growing by 11% in recent periods, bucking global downward trends.

The continent is increasingly recognized as one of the world's most economically promising regions, with the International Monetary Fund projecting 5.

8% growth for the region.

## Geographical Distribution

### Key Investment Destinations:
- **Morocco**: African markets now represent more than 50% of Morocco's foreign direct investment, with major banks like Attijariwafa Bank, BMCE Bank of Africa, and Banque Commercial Populaire deriving 25-35% of their profits from other African markets
-

# Foreign Investment in African Countries: A Comprehensive Report

## Executive Summary

Foreign investment in Africa has shown significant growth and transformation in recent years, with diverse geographical and industrial distribution.

Title:

Content: Erdogan announces new era of cooperation with Africa
“Ankara is ready for dialogue and cooperation with African countries on the basis of the principles of mutual respect and benefit. ”
This was stated by Turkish President Recep Tayyip Erdogan at the opening of the III summit of the Turkey-Africa partnership in Istanbul, the Anadolu Agency reports.
According to the Turkish leader, the African continent is one of the priorities of Ankara ’ s foreign policy.
“Our country has never turned its back on Africa and the African peoples, ” Erdogan said.
President Erdogan called it unfair that the African continent with a population of 1.3 billion people cannot influence the decisions of the UN Security Council and recalled Turkey ’ s calls for reforming the UN Security Council.
“The fight that Ankara is waging under the slogan“ Peace – more than five permanent members of the UN Security Council ” is in the interests not only of Turkey, but also of African countries.
We need to unite our efforts so that Africa can be properly represented in the UN Security Council, ” the Turkish head of state said.
He also stressed Turkey ’ s readiness to contribute to addressing security challenges on the African continent.
“Turkey itself has been fighting terrorism for about 40 years and therefore is more aware than anyone of the security challenges facing some African countries today, ” Erdogan said.
According to the Turkish leader, the volume of Turkish investments in Africa reached $6 billion.
“Turkish entrepreneurs today provide jobs to more than 25,000 people in Africa, and Turkish contractors have implemented 1,686 projects on the continent for a total of $78 billion, ” the president said, adding that Ankara aims to quickly bring trade with African countries from $25.3 billion in 2020 to $50 billion.
“I think that this indicator will not reflect our potential, and we will be able to talk about a new goal of $75 billion a year.
There is a positive trend.
According to the results of the first 11 months of this year, the volume of trade exceeded the mark of $30 billion.
As a result of the joint efforts of Turkey and the countries of the African continent, the level of ties has been brought to a level that we could not have dreamed of even 16 years ago, ” Erdogan said.
It should be noted that the three-day summit on the theme “Expanded Partnership for Joint Development and Prosperity ” is being held at the Istanbul Congress Center with the participation of 16 heads of state and 102 ministers from various African states.
At the end of the summit, the Istanbul Declaration will be adopted.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
Private Investment Committee: We value the economic reforms of the Egyptian government
Dr. Samir Sabri, Rapporteur of the Committee on Domestic and Foreign Private Investment, said that we appreciate the Egyptian government ’ s many economic reforms since 2014, stressing that we look forward to the private investment rate reaching 65%, which contributes to achieving high growth rates in the Egyptian economy.
This came during the first session of the discussion sessions of the Private Investment Committee (local and foreign), which was held during the second week of the national dialogue on Tuesday under the title "Analysis of the domestic and foreign investment climate in reality, opportunities and challenges."
He added that through this session, we want to analyze the reality and discuss the challenges and search for various investment opportunities, pointing out that what happened in the Egyptian state of many events was a major reason for the decline of the private sector and its investments since 2007 until now.
He explained that the Egyptian government has achieved during the past period an unprecedented boom in infrastructure and improve the public life of citizens, and the elimination of virus C, which was a major problem for Egyptians, as well as the elimination of terrorism and the achievement of security stability, which is one of the most important determinants of attracting investment.
He added that all of us are working to serve this country, pointing out that the session is one of the most important sessions because investment is the quick solution of the crises we face, investment is a triangle of its risks, cost and return.
On his side...
Abdul Fattah al-Jebali, assistant rapporteur of the economic axis, said that we are looking forward to reaching positive results on the investment file in light of the prevailing economic conditions, pointing out that there are three main objectives, namely combating inflation, addressing the problem of unemployment and addressing poverty.
He added that the growth rates in Egypt are growing by at least 8%, which requires new investments to raise rates to 20 to 30%, pointing out that the current investment rate in Egypt is about 15%, we look forward to the private investment rate to about 65% in order to achieve high growth rates in the Egyptian economy.
He pointed out that the rates of foreign direct investment from the country have increased during the past period, we seek to reach recommendations in order to encourage and attract investment, and we look forward to practical solutions that encourage investment in all fields, especially the productive sectors, whether agriculture or industry.
On his side...
The Assistant Rapporteur of the Private Investment Committee (local and foreign), Dr. Bassem Lotfy, said that the national dialogue is a positive opportunity to dialogue on the investment file and all the challenges facing it, stressing the importance of startups and their role in the economy.
And in turn...
Chairman of the General Authority for Investment and Free Trade Hossam Haiba said that we look forward to hearing all opinions in order to reach consensus and create common spaces, in addition to trying to clarify what has been done during the past period of many efforts.

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 °
Most Read
You might like it, too.
Share your opinion
Do you expect the Russian-Ukrainian crisis to be contained soon?
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. ”
You might like it, too.
Share your comment

Title:

Content: Jordan is the 9th most attractive Arab country for foreign investments
Three seconds ago.
Our homeland today: Jordan ranked ninth in the Arab world in the list of the top 10 Arab countries in foreign direct investment inflows for 2021.
Foreign direct investment flows recovered to pre-epidemic levels last year, reaching $1.6 trillion globally.
An increase of 64% from the level it was during the first year of the coronavirus pandemic, which was less than $1 trillion according to UNCTAD ’ s World Investment Report 2022.
Cross-border deals and international project financing have been particularly strong, encouraged by loose financing terms and infrastructure stimulus.
However, the recovery of investment in new areas of industry remains fragile, particularly in developing countries.
Growth is likely to continue weak for real productive investment in 2022 and pressure has increased following the fallout from the war in Ukraine with the triple food, fuel and finance crises, along with the ongoing coronavirus pandemic and climate disruption, particularly in developing countries.
FDI flows have enjoyed significant momentum mainly due to booming M & A markets and rapid growth in international project finance as a result of loose financing conditions and major infrastructure stimulus packages.
The UAE is the largest recipient of stable inflows of $20 billion, and second is Saudi Arabia, whose inflows have more than tripled.
In the UAE, DHL Global Forwarding (Germany) and Total (France) announced the construction of a solar project in Dubai for $633 million.
In Saudi Arabia, FDI inflows rose to $19 billion from $5.3 billion in 2020 thanks to two large deals.
In third place came Egypt with a value of $5.1 billion.
Egypt saw a 12% decline in FDI as large investments in exploration and production agreements in extractive industries were not replicated.

Title:

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

Title:

Content: $852 billion.
Global investment recovery in the first half of 2021
0.
Written by: WAS - Harmony:
According to the United Nations Conference on Trade and Development (UNCTAD), global foreign direct investment (FDI) flows reached US $852 billion in the first half of this year, indicating a stronger than expected recovery momentum.
According to the Global Investment Trends report released by the program today, increased investments in the first two quarters of 2021 led to the recovery of 70% of the investment losses caused by the Corona epidemic in 2020, and the rapid recovery of foreign direct investment and optimistic outlook hide the growing disparity in flows between developing and developed economies, as well as the widespread delay in the recovery of investment and productive capacity.
Developed economies saw the largest increase in foreign direct investment in the first half of this year at $424 billion, more than tripling from the same period in 2020, and in Europe several major economies saw an increase of 5% on average.
Flows in the United States increased by 90% driven by increased cross-border mergers and acquisitions, FDI flows in developing economies increased significantly to $427 billion, with acceleration in East and Southeast Asia (25%), recovery from pre-epidemic levels in Central and South America, and recovery in many other economies across Africa and West and Central Asia.

Title:

Content: (Bloomberg) -- Vukile Property Fund Ltd., a South African real estate investment trust, raised its guidance for 2024 paced by a booming Spanish business that helped counter a deteriorating outlook at home.

The company’s funds-from-operations rose 11% in the six months through September, it said in a filing on Wednesday. Its properties in Spain had “negligible” vacancies, compared with 4.5% in South Africa, Vukile said.

Companies in Africa’s most-industrialized economy are reeling from inefficiencies at the state-run logistics firm and power utility. Electricity outages have prompted business to find ways to cut costs while spending more on running generators. Businesses also have to deal with borrowing costs that are at a 14-year high.

“This is getting to an ideal time in the property cycle to buy,” Chief Executive Officer Laurence Rapp said at a briefing in Johannesburg. “The frustration at the moment is that at the time when one should be buying there is limited access to capital. And when you can get it, it’s very expensive.”

Vukile’s shares jumped as much as 5.6% in Johannesburg before paring gains.

Spain’s economy has been among Europe’s top performers since the global pandemic, buoyed by a strong rebound in tourism that’s been aided by unseasonably warm weather.

Given that little new capacity is coming to the market in Spain “where are the tenants gonna trade from? If not from my mall,” Rapp said.

©2023 Bloomberg L.P.

Title:

Content: Free zones may be Africa’s best chance to accelerate wealth creation

By Sylvia Brune

Co-founder of AHOY – a flight booking and concierge app – Sylvia Brune discusses why free zones may be Africa’s best chance to accelerate wealth.

Given the demand for goods and services from Africa’s growing middle classes, the continent has huge potential for growth. Over the past year, Foreign Direct Investment (FDI) into Africa grew by 11%, bucking the global trend and potentially setting a bright precedent for the future.

Whether this upwards trend in FDI will have a positive effect on growth and wealth creation is, however, still unknown. Studies have shown that capital has little impact on an undeveloped foundation. Key components needed to enhance capital’s productivity are infrastructure (not just physical), a stable and transparent legal framework, and skilled labour.

Where these are lacking, investors into the continent have to first ‘build’ the commercial foundation, before commencing their projects. Like spending money on hiring advisors, lawyers, and accountants to navigate the various countries’ economic environments, political systems, and bureaucracy. This adds time and uncertainty to projects, acting as an effective ‘tax’ on any return on investment - meaning only projects with a very high upside will be embarked upon.

Evidence suggests that these key components are indeed lacking across most of Africa, albeit with a small handful of countries on the road to improvement.

Countries, like Senegal and Côte d'Ivoire, have made important strides to improve anti-corruption institutions. Cabo Verde and Gambia have managed to gain local trust with 85% and 84% believing their government is fundamentally sound. And Mauritius and Rwanda have made it into the top 35 countries in the world as measured by economic and personal freedom, with Mauritius marginally beating Norway in the global ranking.

The reality is, however, that corruption continues to undermine the rule of law across most of Africa (which hosts 13 of the globe’s 20 most corrupt countries). Rule of law relates to strong property rights, government integrity, and judicial effectiveness - the basis for a sound investment environment. What is even worse than corruption’s effect on FDI, though, is its effect on retaining and developing talent.

Instability and lack of opportunity continues to result in brain-drain - drawing talent and skill away from the continent. The World Bank estimates one-in-nine Africans with a tertiary education live away from Africa – a 50% growth since the mid-00s.

So, what’s the solution?

Given the long, tough road ahead towards building economically sound environments across Africa, I believe the only solution in the short run, is establishing 100s of Special Economic Zones (SEZs) throughout the continent.

For those unfamiliar with SEZs, they are areas which operate under a different legal framework to the country they inhabit – with investment-friendly laws around commercial transactions, taxes, and the protection of private property. SEZs’ advantage is that you avoid building on top of broken legacy system, instead creating a pre-packaged, investor-ready climate.

These zones have been successfully tested and run in China and the Four Tigers (Hong Kong, Singapore, South Korea and Taiwan) to attract considerable FDI, and experience decades of double-digit growth. This format could likewise be used to boost and sustain investor interest in Africa.

SEE ALSO:

SEZs as talent hubs

While SEZs are known mostly as attractive investment environments, with conducive infrastructure and legal frameworks, the secret to their success rate is actually in their ability to attract and retain talent and skilled labour in specialised hubs.

China showed just how powerful an industry focus within SEZs can be. Because they provide a magnetic effect of highly specialised knowledge hubs - comprised of domestic, regional, and international talent.

Capital is like fuel, it’s only effective where there is a flame to throw it on. And that flame is talent.

The potential is clear, and I believe Africa has a burgeoning pool of talent waiting to be tapped into. But whether they are able to put their talents to best use, collaborate, and innovate freely is uncertain, and will determine whether they stay, or search for opportunities elsewhere.

A common hurdle, for example, is work visa rules between African countries, which means it’s easier for talent to find good opportunities outside Africa than within Africa. Talented individuals want to work alongside other talent. Similarly, talent and specialists from outside Africa face considerable barriers when trying to obtain work permits.

For example, Mr. Eazi’s emPawa Masterclass, like many creative undertakings, is dependent on bringing together the best talent. Earlier this year, emPawa struggled to bring artists, producers, and mentors together from across Africa. Due to visa rules and uncertain processing times, some were only provided with visas after the masterclass was already over, some not at all.

Here, again, SEZs are a solution. SEZs are able to receive visa allocations relating to their area of specialisation, which increases the likelihood of collaboration and innovation - which in turn attracts capital.

The Andela example

There’s plenty of evidence that talent wants to stay, provided there are the right conditions to do so. A great example is tech recruitment platform Andela, which proves that when start-ups in Africa have access to the best talent, including a global support network, and then tap into local opportunity, they can raise substantial foreign capital, and the local business community benefits as well.

Andela trains candidates for six months before pairing them with clients, many are the Fortune 500 and a number of Silicon Valley start-ups. So far, more than 90% of Andela’s first batch of alumni are still working in Nigeria.

SEZs would be able to turbocharge the work of companies like Andela. After talent has been developed, they need environments where they can make most use of their skills.

Already, countries like Mauritius, Senegal, and Rwanda have and are in the process of creating SEZs, with the view to building infrastructure, a stable legal framework, and enticing skilled labour – it’s an exciting time and I for one, am eager to see the results as more African countries follow their footsteps.

Share

Featured Articles

From apprentice to CEO – climbing the corporate ladder

To celebrate UK National Apprenticeship Week, we spotlight 8 chief executives in Europe who began as apprentices and rose through the ranks to run the show

Swiss multinational SGS begins rollout of digital Squads

In a drive towards becoming the digital leader in the TIC industry, SGS launches state-of-the-art digital operations which it plans to roll out worldwide

Report: 3 in 5 UK tech firms say they are behind in DE&I

Research by global consultancy Thoughtworks shows 3 out of 5 UK tech businesses say they have work to do on diversity, equality and inclusion (DE&I)

Long-stay, tailored, outdoor – what travellers want in 2022

Leadership & Strategy

Meet the CEO: Why Jonathan Akeroyd is bossing luxury goods

Leadership & Strategy

Sail of the century for CDPLC

Sustainability

Title:

Content: Egypt News
Gulf 365: Egypt leads African countries in attracting $10 billion investment
• 1 / 2
• 2 / 2
Thank you for reading the news about Gulf 365: Egypt leads the African countries in attracting investment of 10 billion dollars and now with the details of the news
Cairo - Samia Sayed - published Gulf 365 in its issue tomorrow, important details about many current events on the internal and external arenas: Egypt tops the African countries in attracting foreign investment with $10 billion
Also read in tomorrow ’ s issue:
President Sisi on the International Day of Public Service: Greetings to all who perform their duties with honor and sincerity
MPs and politicians write for "Gulf 365": a people's revolution..
Issam Khalil: We do not fear for the country of its Egyptian people.
Farida Shobashi: Crossing the June..
Pheebs Fawzi: The Shout of a People and the Response of a Hero
The Return of the Soul: The Return of the Soul.
Alaa Abed: The failure of conspiracy theorists..
Hisham Abdul Aziz: Revolution "correcting the path"..
Jihan Madeh: A Victory for Egyptian Identity
Seminars and conferences for « Information » in 27 provinces on the anniversary of the revolution..
Remind new generations of the revolution, spread awareness and promote the values of belonging.
Awards for outstanding efforts in serving local communities
Egypt leads African countries in attracting foreign investment at $10 billion.
United Nations Conference on Trade and Development (UNCTAD): Egypt ’ s investments represent three times of all North African countries in 2023
International partnerships to localize the « transport » industries and operate ports
Cairo News is a pioneering model for Arab media based on documenting the whole truth
Farming...
A lifeline at the heart of the Egyptian economy
Dozens of Martyrs in Israeli Bombing on Gaza and Palestinian Rafah
KAMAL ADWAN HOSPITAL IN NORTHERN SECTOR: Malnutrition kills 4 children
« International Labor » exposes the practices of Tel Aviv in the occupied territories
2.5 trillion pounds worth of "electronic payment and collection" services in 11 months..
The Minister of Finance: 613 billion pounds worth of electronic tax collection transactions, a growth of 16% compared to last fiscal year.
The electronic receipts of customs increased by 38% by 284 billion pounds compared to last fiscal year.
« Protection of competition »: 3 companies working in the printing and distribution of external textbooks caused a rise in prices
« Higher education »: the establishment of 9 branches of prestigious foreign universities in the land of Egypt..
Ayman Ashour: The national strategy stressed the internationalization of education within the framework of the "vision of Egypt 2030"
p.
You can follow the news of Egypt and the world from our website
Advertisements

Title:

Content: ECONOMY
Falih: 900 billion riyals of investments in Saudi Arabia
Riyadh - Albilad
The investment strategy contributes to the growth of the national economy and diversification of its sources, including raising the contribution of the private sector to GDP to 65%, boosting foreign direct investment to 5.7% of GDP, increasing the proportion of non-oil exports from 16% to 50% of non-oil GDP, and the Kingdom ’ s progress to one of the top ten positions in the Global Competitiveness Index.
Ambitious figures that reflect high confidence in the strength of the Saudi economy, Minister of Investment Khalid Al-Falih confirmed that comprehensive investments in the Kingdom amounted to 900 billion riyals by the end of last year.
He said on the sidelines of the World Economic Forum in Davos: Foreign investment flows have quadrupled since the beginning of the vision until last year to reach 72 billion riyals, pointing out that the United States accounts for the largest share of these investments, as it is the most important quantity and quality in various sectors, pointing out that there are other investments from Japan, Europe and East Asia.
Al-Falih explained that the energy sector in general is an attractive sector for investments, in addition to petrochemicals, as well as the aviation and defense sector, noting at the same time that the mining sector is very attractive, but it is still in its infancy.
He stressed that the Kingdom is a promising market and part of a larger regional market with the GCC countries, noting that the biggest opportunity is not to localize and replace imports with its importance, but to be a platform for exports, as one of the initiatives of the investment strategy, is the launch of supply chains from Saudi Arabia for global needs.
Al-Falih pointed out that free zones are part of the Kingdom's strategy, stressing Saudi Arabia's keenness that any free zones launched will be in the highest degree of compliance with international regulations, including tax systems, stressing that the Kingdom is one of the highest standards in hosting capital, stressing that it is not a haven for fugitive funds and unknown source.
The Investment Law aims to attract direct investments, enhance the investment environment, preserve the investor ’ s rights and increase his confidence in investing in the Kingdom by facilitating the entry and protection of direct investments, equal treatment between local and foreign investors, defining the investor ’ s rights and obligations, supporting the principle of competitive neutrality and equity and ensuring equal opportunities in the treatment of direct investments by public and private investors.

Title:

Content: News

November 13, 2023

We are building power house around investment in Africa – Adesina

AfDB President, Dr. Akinwumi Adesina

By Jimoh Babatunde

The President of the African Development Bank , Dr. Akinwumi Adesina, says the bank is building a formidable powerhouse around investments in Africa, that will deliver transformative impacts on the lives of people.
He made this known in the Moroccan city of Marrakech, weekend, at the close of the day global event, Africa Investment Forum’s 2023.

The Africa Investment Forum’s 2023, which drew over 1,000 delegates from more than 60 countries , generated $34.82 billion in investment interest for infrastructure, agriculture, health, and creative industry projects.
Speaking on the event with the theme “Unlocking African Value Chains,” Adesina said “We are building a formidable powerhouse around investments in Africa, that will deliver transformative impacts on the lives of people.
“That is the bottom line of the Africa Investment Forum: investing to improve lives.”
The African Development Bank Group President, and Chairperson of the Africa Investment Forum, Dr. Akinwumi Adesina,thanked Moroccan King Mohammed VI who placed the event under his high patronage.

“Morocco is the right choice. We have been treated to incredible hospitality. The decision of the Africa Investment Forum founding partners to hold the 2023 Market Days in Marrakech two months after September’s devastating earthquake, and the support and resilience of the Kingdom and government of Morocco is highly commendable.”

Morocco’s Minister of Economic Inclusion, Small Business, Employment and Skills Younes Sekkouri, said the Forum underlined the critical importance of South-South partnerships and the crucial issue of financing infrastructure.

“Africa is at the forefront of international attention as one of the most dynamic and promising markets in the world…The Africa Investment Forum has been a turning point to explore these opportunities, discuss challenges and solutions and strengthen the partnerships necessary to realise our aspirations,” Sekkouri said.

Among delegates were several African heads of state and government, including President Azali Assoumani of Comoros and current chair of the African Union, President Samia Suluhu Hassan of Tanzania, President Julius Maada Bio of Sierra Leone, Rwanda’s Prime Minister Eduoard Ngirente. Also in attendance was the Prime Minister of Barbados, Mia Mottley.

The Africa Investment Forum is a multi-stakeholder platform focused on continental dealmaking and project facilitation between project sponsors, policy makers and investors. With this edition, the Forum has attracted nearly $180 billion in investment interest since it was launched in 2018.

Deals covered several sectors including the Mtwara-Mbamba Bay standard Gauge railway line in Tanzania, and the Mangapwani II Integrated Port in Zanzibar. There were also deals in agri-business, renewable energy, creative industries and healthcare.
At the launch event of the Alliance for Special Agro-Industrial Processing Zones, the African Development Bank, the Africa Export-Import Bank, the United Nations Industrial Development Organization, committed $3 billion to the alliance.

Founding partners commend Market Days

The Chief Executive Officer of the Islamic Trade Finance Corporation Eng. Hani Salem Sonbol, representing the President of the Islamic Development Bank Dr. Muhammed Sulaiman Al Jasser, said Africa was a land of boundless possibilities and a dynamic engine of growth.

“As a founding partner of the Alliance for Special Agro-Industrial Processing Zones, IsDB committed $300 million to fuel Africa’s agro-industrial growth. We are ready to partner with investors, businesses, and development partners to unlock the full potential of the continent,” he said.

The Africa Investment Forum showcased several key side events including regional transport corridors, a roundtable with a Japanese business delegation, and a Mayor’s Forum on leveraging cities and municipalities to unleash growth and development.
The Mayoral event included mayors and governors from Lagos, Nairobi, Addis Ababa, Abidjan and ministerial representation from Rwanda.

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

What trends are emerging for African startups in 2022?

Which countries are actively investing in Africa besides China?

This report provides insights into current trends, key players, and emerging opportunities for business graduates across the continent.

Title:

Content: There were 1,560 press releases posted in the last 24 hours and 222,474 in the last 365 days.

Financially facilitating extra-ordinary businesses to participate in the Economic Boom of West Africa

Barika and Kraft, Dubai based financier talks about unprecedented opportunities that businesses face during the economic prosperity of the West African Region.

“Across our corporate base globally the interest in Africa is high and growing, and I would say it is about the level that it was in Asia 30 years ago.”
— Dominic Barton, global managing director of McKinsey & Company
DUBAI, UNITED ARAB EMIRATES, August 18, 2022 /EINPresswire.com/ -- As West Africa’s population booms, its economy continues to expand, the opportunities for businesses to trade across the region are vast. The rising need economy has presented various opportunities across all industries in West Africa. Previously an agriculturally driven economy is now facing a transition. Majority of the newly established businesses are catering the growing needs of the people of west Africa, which include industries such as Hospitality, Healthcare and Banking.

One of the catalysts and driving forces for this economic can be seen from active participation of the West Africa Trade & Investment Hub (Trade Hub, which is a 5-year, $140 million trade and investment facilitation activity designed to improve private sector productivity, profitability, and competitiveness in West Africa through market-based approaches. The West Africa Trade and Investment Hub is a one-stop shop that partners with banks/financial institutions to provide financial support and business development services, capacity building, and best practices with the aim of making businesses viable and export ready, through the African Growth Opportunity Act (AGOA).

One of the largest economies in West Africa, Nigeria has seen significant surge in Energy usage. The government has been looking at alternate sources of energy such as Solar & Waste-to-Energy plants which has led to the inception of green power projects across the region. Barika and Kraft has been actively participating in this sector with a multitude of projects securing Seed-funding under the patronage of Barika and Kraft.

Apart from Nigeria, another nation observing a significant spike in economic prosperity is Ghana. Consumer expenditure has seen a large growth which is an early sign of nation-wide development. This west African nation is seeing a remarkable growth in exports as their dominant industry being Agriculture has undergone immense technological advancements which has benefited local farms to increase their yields. A lot of entrepreneurs are capturing the opportunity of being the first mover to establish/grow their presence in Ghana and Barika and Kraft has been actively reviewing opportunities of participation.

A representative from Barika and Kraft has informed us that there are a magnitude of projects currently being presented on a daily basis. Barika and Kraft focus on sourcing financial resources to the best of the projects that present their competence. Current projects that Barika and Kraft participate in include Green Energy, Hospitality, Fin-Tech, and Agriculture.

Barika and Kraft is a Dubai-based company providing financing services to global clients. More information is available by visiting its website at www.barika-kraft.com or email: info@barika-kraft.com

VALERY GARCIA
BARIKA AND KRAFT
vg@barika-kraft.com
Visit us on social media:
LinkedIn
Other

## Overall Investment Trends

Africa has demonstrated resilience in attracting foreign direct investment (FDI), with FDI flows growing by 11% in recent periods, bucking global downward trends.

Title:

Content: DON'T MISS : Talking Africa Podcast - Gates Foundation CEO: 'Stop stockpiling & deploy vaccines to Africa to avoid costly new variants'

Money talks in Morocco’s pivot to Africa

By Jon Marks and Alié Dior Ndour
Posted on Thursday, 27 January 2022 07:24

Morocco has reshaped its world view since the financial crisis. With increasing emphasis on anglophone economies, Rabat is looking to be a trans-continental player.

Morocco spent the decade following the global financial crisis making an increasing commitment – driven by King Mohammed VI – to building business and political links across Africa. This meant going far beyond the country’s traditional francophone links. Progress is such that “Morocco now plays a major role in Africa, which today has become its vital space”, according to a senior executive in a leading Casablanca bank.

Financial institutions led the way.

Attijariwafa Bank (AWB), BMCE Bank of Africa (BOA) and Banque Commercial Populaire (BCP) moved quickly to fill the growing vacuum left by the retreat of major Western banks. The big three Casablanca banks now make between a quarter and a third of their net consolidated profits in other African markets; BOA’s network has grown the African contribution to its overall profit to 35%; for BCP it is around 25% and for AWB 31%.

Such is the extent of the pivot to Africa, after years of greater focus on Europe and the Middle East, that the continent now represents more than 50% of Morocco’s foreign direct investment (FDI).

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

The continent is increasingly recognized as one of the world's most economically promising regions, with the International Monetary Fund projecting 5.

8% growth for the region.

Title:

Content: Sharjah FDI Participates in Investopia Investments in 2022 and 2023
« Economy »: doubling the size of the economy to 3 trillion dirhams in 2030
The Ministry of Economy has signed a Memorandum of Understanding (MoU) with the Sharjah Office for Foreign Direct Investment (Invest in Sharjah) to collaborate and enrich the discussions of the first edition of the Investobia Investment Summit and the workshops to be held on March 28 within the framework of Expo 2020 Dubai.
Minister of Economy Abdullah bin Touq Al Marri revealed that the UAE aims to double the size of the economy from 1.4 trillion dirhams to three trillion dirhams in 2030, which requires new and unprecedented strategies for economic diversification and capacity building in new economic sectors.
He said that the year 2020 witnessed attracting up to $20 billion in foreign direct investment flows to the state, a growth of 17% compared to 2019.
He stressed that the UAE, at the local level and the state ’ s vision for the next 50 years, has a national target to attract foreign investments in the coming years 2030 estimated at 150 billion dollars or 550 billion dirhams.
He pointed out that the COVID-19 pandemic imposed new rules on the game, the investment map is being rearranged, and there are sectors that topped the priorities, such as the health care economies, the pharmaceutical industry, insurance services, medical services and related activities.
He stressed that the importance of the Investopia Summit for the UAE economy is that all national investment opportunities and development projects are from the seven emirates, as it enhances the inflow of investments, and will attract foreign direct investment worth 550 billion dirhams by 2030, eventually reaching one trillion dirhams by 2051. The Sharjah FDI Office will participate in the first and second editions of the summit in 2022 and 2023 respectively, as part of a special session on investments in Sharjah.
In turn, Undersecretary of the Ministry of Economy, Abdullah Al Saleh, said that Investopia unifies all national investment opportunities and development projects from the seven emirates.
Accordingly, the MoU with the Sharjah Investment and Development Authority translates the sixth principle of the “50 Principles ”, which affirms that the UAE is one economic destination, one tourist destination, one industrial destination, one investment destination and one cultural destination.
In the same context, CEO of Sharjah Investment and Development Authority (Shurooq), Marwan bin Jassim Al Serkal, said that Sharjah has completed many investment projects recently, despite the repercussions of the COVID-19 pandemic, and was able to attract many foreign direct investment flows last year.
The Executive Director of Invest in Sharjah, Mohammed Juma Al Mashrkh, said that the focus is on attracting investments for many opportunities in the sectors of ecotourism, modern agricultural technologies, virtual reality systems, artificial intelligence and blockchain solutions, in addition to many industrial investment opportunities.
Print

## Geographical Distribution

### Key Investment Destinations:
- **Morocco**: African markets now represent more than 50% of Morocco's foreign direct investment, with major banks like Attijariwafa Bank, BMCE Bank of Africa, and Banque Commercial Populaire deriving 25-35% of their profits from other African markets
-