Tag Archives | foreign investment
Over 550 Chinese businesses are operating in Zambia, bringing more than US$3 billion into the economy, reported new Chinese Ambassador to Zambia Yang Youming earlier this month. He was speaking at a reception commemorating the 65th anniversary of the People’s Republic of China, established in 1949 by Mao Zedong.
Eight West African nations – namely Benin, Burkina Faso, Mali, Guinea-Bissau, Niger, Ivory Coast, Senegal and Togo – are set to benefit from a $19 billion investment to tackle their infrastructure deficits. The investment is the result of a partnership between the West African Development Bank (BOAD), the West Africa Economic and Monetary Union (UEMOA), and Global Finance and Capital Ltd (GFCL).
Dow AgroSciences, the American manufacturer of products devoted to crop protection, is deepening its investment into Africa in order to claim a bigger stake in the continent’s vast agricultural potential. It is doing this by entering new countries, and also by removing the middle man in countries where it already had operations, believing now that the best way to do business in Africa is to have a local presence.
Booming West African cities such as Lagos, Abuja and Accra have received a great deal of attention and FDI over the past decade in response to their population growth, economic growth, dynamism and promise. While we expect to see these cities continue as primary investment destinations, domestic and foreign investors alike are always looking for the next big thing – those up-and-coming cities that will rise to prominence ten years from now.
There has been a rapid expansion of banking activities across the continent in recent years that, encouragingly, has not been driven by global / Western banks alone
Growth is on the incline in the African continent recently, with seven out of ten of the world’s currently fastest growing economies being in Africa.
Nigeria’s foreign investment story is a riveting one, with figures escalating at an unprecedented rate as the country’s GDP and reputation as an emerging market mecca continue to grow.
Cairo-based e-payments firm, the Emerging Markets Payments Company, has just launched its Kenyan office in Nairobi, the seventh EMP office in the MEA region, following Cairo, Lagos, Johannesburg, Cape Town, Amman and Dubai.
Rapid urbanisation, better road networks and an expanding middle class are three critical drivers of Africa’s growing and changing auto industry.
LWOL. A discussion with Mark Barnes on ‘Industrial Manufacturing: Africa versus other high growth markets’
This past Thursday we invited our LinkedIn contacts to present Mark with any questions they might have on the topic of ‘Industrial Manufacturing: Africa versus other high growth markets’ during a Lunch With Our Leaders (LWOL) session.
FDI into Sub-Saharan Africa is expanding – in fact it is presently at its highest level in a decade – but it is notable that this injection of capital is increasingly being directed towards consumer-related markets, among others, and less towards the mining sector.
The Botswana Investment and Trade Centre (BITC), established by act of Parliament, has for several years now been managing Brand Botswana, the national brand strategy that aims to build a unified national identity.
Establishing or expanding a business in a new market environment carries with it opportunities and risks which naturally require mitigation measures, including insurance for companies.
IHS Holding, a telecommunications infrastructure company, buys and manages the cell towers of mobile network operators. The company said last week it had raised a further $130m which will be used to accelerate its plans for expansion into new and existing markets.
Nigeria is known for it’s vast natural wealth, with majority of the country’s foreign exchange income and government revenue stemming from oil. With the recent announcement that Africa’s wealthiest man, Aliko Dangote, has signed a deal to finance the building of Africa’s largest oil refinery in Nigeria, all eyes are on the region’s mining sector.
Ethiopia is one of the most promising regions in Africa for retail development over the next two decades, in our opinion. Ethiopia’s promise can be attributed to the combination of its large population size and good prospects for economic growth.
The rise of the Angolan economy, over the past 10 years, has been nothing short of spectacular. From an economy plagued by hyperinflation and suffering from the consequences of decades of civil war in the early 2000s; today, the southern African economy is one of the fastest growing in the world and continues to attract billions of dollars in foreign investment.
At the end of June 2013, the Zambian Government issued Statutory Instrument 55 of the Bank of Zambia (Monitoring of Balance of Payments) Regulations, 2013. The new SI 55 came into effect on the 1st of July 2013. The regulations are applicable to a number of parties including financial service providers licensed under the Banking and Financial services act, any importer of goods or services exceeding US$20 000, foreign investors and local investors who invest outside Zambia, to name a few.
The hydrocarbon sector remains Angola’s main engine of economic growth, accounting for more than 96 percent of exports, 80 percent of government revenue, and in excess of 60 percent of GDP. Accordingly, any volatility in oil production and global oil prices tends to have a direct influence on the performance of the economy.
Nigeria has substantial reserves of both oil and gas, even when compared on a global basis. It accounts for around 95% of export receipts, around 15% of GDP and over 80% of fiscal revenue. As a result, the Nigerian economy is left vulnerable to oil price or crude production volatility.
Mozambique is viewed to be one of the African countries that will be most able to boost its share of foreign direct investment inflows to the continent over the medium-to long-term. Apart from the large-scale expansion of coal production, natural gas exploration activities and plans to build LNG plants have helped to boost foreign investment.
It is projected that by 2016, over 500 million Africans will live in urban centres, and the number of cities with more than 1 million people is expected to reach 65, compared to 52 in 2011. This is already on par with Europe and higher than India and North America. With 40 percent of its population living in cities, Africa is more urbanized than India (30 percent) and nearly as urbanized as China (45 percent).
Whilst Africa is often perceived as a mysterious, underdeveloped continent, it’s quickly becoming one of the most valuable emerging markets for infrastructure. In fact, infrastructure development – in the form of megacities – is one of the key strategic priorities for senior African leaders. What’s driving infrastructure development in Africa?
Sub-Saharan Africa is expecting a 5% annual growth rate in 2012-2013, and World Bank data show that almost half of Africa’s countries have reached middle-income status. As this growth trend continues, the continent is a potentially attractive destination for domestic and foreign private capital, including private equity investments, which will further boost growth rates.
Given South Africa’s heavy reliance on energy-intensive industries such as mining and manufacturing, it should come as no surprise that the country now boasts Africa’s most comprehensive and transparent energy policy. Ensuring a secure source of power is central to the country’s growth. South Africa currently uses some 40 percent of the total electricity consumed on the continent and outside of a few peak periods where power is imported from the Democratic Republic of Congo (DRC) – the country is largely self-sufficient in power generation. With steadily climbing economic and demographic growth rates, it is clear that the country will require continuous capacity increases to keep pace with projected growth.
South Africa has – in many ways – outstripped Africa’s rate of development by leaps and bounds. Since the arrival of democracy in 1995, the country has enjoyed a veritable infrastructure renaissance that has only been picking up steam over the past decade.
Africa’s richest man, Aliko Dangote, planned to invest up to $8 billion (R73bn) to build a Nigerian oil refinery with a capacity of about 400,000 barrels a day by late 2016, almost doubling Nigeria’s refining capacity …
he standing committee on finance agreed yesterday to ask Finance Minister Pravin Gordhan to appear before it to provide more detail on the R900 million loans reportedly extended to Zimbabwe to assist with its upcoming national election. There are three main issues that urgently need to be clarified: the motivation for the loan, the terms of the repayment and any conditionality attached to it.