AFRICANGLOBE - Foreign investors are taking as much as they can from an impoverished nation, including its crops, land and the hard work of an Ethiopian population, to serve their own interests above others.
AFRICANGLOBE - Africa is the main target for "land grabs" by foreign investors, according to a new report on large-scale land acquisitions around the world released Monday. Africa is the place for cheap land deals and most investors are from Western countries
AFRICANGLOBE - Africa’s consumer-facing industries have the potential to deliver good investment returns, according to American investor Robert Scharar, Commonwealth Funds manager and president of financial planning and investment firm, FCA Corp.
AFRICANGLOBE - According to audit, advisory and tax service provider KPMG, Africa’s private equity (PE) landscape is uncharted and at an early stage of development, however, it is growing steadily and giving good returns.
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.
Nigeria's Federal Government has secured about N2.2 trillion investment commitment from foreign and local investors for the non-oil sector of the Nigerian economy which will be invested in the country within the next 12 months.
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