Tag: Foreign Investment
Ethiopia Predicts Record $1.5bn Foreign Investment In 2015
AFRICANGLOBE - Foreign direct investment into Ethiopia will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies.
Ethiopia’s Growing Economic Diplomacy
AFRICANGLOBE - Ethiopia has clear and attainable trade policy which helps to develop and ensure broad international market linkage and thereby generate large amount of foreign exchange. Likewise, the country has put in place an appropriate investment policy that enables to attract foreign investment which is at the centre of the country's economic diplomacy.
Africa: How African Entrepreneurs Are Bringing Power To The People
AFRICANGLOBE - I see huge promise for growth in Africa. The region is home to six of the 10 fastest growing economies in the world. A majority of Africans will belong to the middle class within a generation. There is enormous potential for development to accelerate rapidly.
Africa Rewards, Risks Offer Huge Business Opportunity
Since 2002, despite a tough global economy, the overall African economy has more than trebled, Ernst & Young said in its "Africa 2013" report. The rapid growth is expected to continue. The International Monetary Fund forecasts 11 of the world's 20 fastest-growing economies through to 2017 will be in Africa.
Foreign Investment In Nigeria’s Stock Exchange Hits $4.7 Billion
AFRICANGLOBE - Recent market-friendly reforms implemented by the exchange had positively impacted the stock market, making it the 2nd fastest-growing African bourse, at 33 percent and providing an attractive destination for investment seekers.
Ethiopia Cancels Foreign Investment Licences
AFRICANGLOBE - Ethiopia has cancelled 330 foreign investment licences, claiming the companies had failed to implement planned projects.
The Ethiopian Investment Agency said the investors had failed to carry out various projects in different parts of the country after they were awarded licenses worth hundreds of millions of dollars.
Ethiopia Coaxes Investors In Order to Finance Growth Plan
AFRICANGLOBE - Ethiopia’s government plans to attract more foreign investment and boost domestic savings as it struggles to finance infrastructure and other development projects, State Minister of Finance Abraham Tekeste said.
Nigeria Optimistic About Foreign Investment
AFRICANGLOBE - Nigeria's federal government has disclosed that many companies across the globe have indicated an interest in investing in the country to the tune of N8.5 trillion.
The country's Minister of Trade and Investment, Mr. Olusegun Aganga, who briefed State House correspondents alongside his Environment counterpart, Hajia Hadiza Mailafia as well as Presidential spokesman, Dr Reuben Abati, at the end of the Federal Executive Council (FEC) meeting presided over by President Goodluck Jonathan yesterday, said that the investment commitments were from reputable international firms.
Foreign Investment In Africa Up 5%
Foreign Direct Investment (FDI) in South Africa dropped by 43.6 percent during the first six months of 2012, a UN report shows, due to...
Africa’s Richest Man Reiterates the Pertinence of Local Investment
Africa richest man and CEO of Dangote Group, Aliko Dangote has charged Nigeria local investors to increase their level of investments as he reiterated the...
Foreign Investment in Nigeria’s Retail Sector Hits All-Time High
Foreign Investment in the Nigeria's retail sector has reached an all-time high, attracting about $1.3 billion(about N208 billion) in the last two years owing...
Ethiopia Urges Foreign Investment in Railways
Ethiopia has called for more foreign investment into the country's railways, as it plans to build a railway network of nearly 6,000 kilometers in...
Namibia: Foreign Investment Not a Substitute for Domestic Business
Foreign investment can facilitate and accelerate growth, but it cannot be a substitute for domestic business, especially small and medium enterprises (SMEs), in creating employment.
Liberia's Govt Signs U.S.$2.6 Billion Mineral Agreement
The Sirleaf Administration believes Liberia's economic salvation – and perhaps the reconciliation of its people – lies in the attraction of foreign investment in order to reduce poverty. The administration has therefore signed yet another mineral management agreement with the "winner" of a recent bid.
