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The 2022 edition of AIM will be focusing on the crucial role that Investment Promotion Agencies (IPAs) are playing in the global investment arena.
In collaboration with KPMG, British-Dutch multinational professional services network, AIM aspires to utilize the AIM Global 2022 Investment Awards to recognize the best performing Investment Promotion Agencies IPAs across the globe.
KPMG firms work in 145 countries and territories, with over 236,000 employees. With three lines of services – financial audit, tax, and advisory – KPMG is helping global organizations mitigate risks and grasp opportunities, thus driving positive, sustainable change for clients, people, and society.…
- The cost associated with policy instability and unpredictability is often passed down to consumers
- In 2020, the manufacturing industry in Africa experienced reduced demand and depressed production capacity
The biggest challenge that the manufacturing industry faces in Africa is unpredictable business environments.
This is according to the Chief Executive Officer of Kenya Association of Manufacturers Phyllis Wakianga who says the sector is faced with unpredictable fiscal and regulatory policies that discourage the industry from scaling up their businesses.
She adds that the situation also leads to investors seeking more suitable, predictable and secure markets to relocate their businesses.
“Unfortunately, the cost associated with policy instability and unpredictability is often passed down to consumers, whose spending power has been crippled by the ongoing pandemic,” he says in an exclusive interview.
Wakianga also reveals that such instability is a blow to manufacturers, who are struggling to reduce costs, in a highly uncertain …
It is for this very reason that Africa, and its trade and development partners must harness the continent’s technology potential and put innovation at the forefront of every nation’s development agenda.
Why? For Africa, it is how the continent will keep those shallow graves buried and build a bright, healthy future and for the world—well, Africa is the market of the future. Just to bring this market into perspective – as of January 2021, in the heat of the global pandemic, African tech business enterprises have raised US$940 million, making the continent the strongest market for technology worldwide.
Impressive, right? While many on the continent may still…
UAE based Emirates Airlines has inked an agreement with Airlink which has paved way for it to enter the Southern African market. The pact with regional airline Airlink is part of Emirates ongoing major expansion in the region even though the Dubai-based company has been cutting off various routes around the World owing to the Covid-19 threat.
The development comes but weeks after South Africa’s state-owned airline, South African Airways, failed to raise the $591 million it needed to bail itself out of the corruption and mismanagement allegations that it was facing.
Earlier this year in June, the SA government had issued a statement that it would step in to bailout the company but on September 30th, media was ablaze with reports of the company shutting down its doors, pending government intervention.
With such a big player out of the picture, it only makes sense that Emirates, …
Last year, during the Dubai Africa Summit in Dubai, African leaders were entertained with various proposals on how to promote trade and commerce with the United Arab Emirates. The meeting sought to increase the influence of the Arabian country in Africa including private business ventures as well as intergovernmental relations.
During this event last year, UAE announced that it expects its non-oil trade to exceed AED 1 trillion for the period extending from 2011 until the end of 2019. Dubai Chamber of Commerce and Industry also announced that it has signed a memorandum of understanding (MoU) with the General Directorate of Residency and Foreigners Affairs (GDRFA) and Dubai Free Zone Council to launch the “Be Part of Dubai” initiative which will see 200 prominent African investors receive UAE Golden Residency Visas.
This trend is catching up with Dubai 2020 commencing at the Africa Union summit. The UAE’S Consortium for Africa…
Dubai’s non-oil trade with Africa will exceed AED 1 trillion for the period extending from 2011 until the end of 2019, according to Majid Saif Al Ghurair, Chairman of Dubai Chamber. The business leader noted that it had already reached AED926 billion in the 2011-2018 period.
H.E. Al Ghurair who was speaking at the fifth edition of the Global Business Forum Africa (GBF Africa) in Dubai as the two-day forum, asserting that the African continent is a key partner in Dubai’s plans to diversify its economy.
Organised by Dubai Chamber of Commerce and Industry (Dubai Chamber) under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
In his opening speech, H.E. Majid Saif Al Ghurair highlighted the long-established UAE-African relations in all fields, and Dubai’s status as Africa’s gateway to new markets building on its strong presence …
For years, Zimbabwe has faced strict trade restrictions as the international community felt there was a gross violation of human rights and political freedoms. This has left Zimbabwe alienated from the league of nations as well as low international trade.
But now, the political times have changed and Zimbabwe is now declaring that it is open for business. The country is committed to creating conducive conditions and incentives for investors, according to Zimbabwean President H.E. Emmerson Mnangagwa.
Speaking at the just-concluded Global Business Forum Africa 2019 in Dubai, Mnangagwa discusses economic reforms in Zimbabwe and new business opportunities emerging across the country.
During an interactive session on the first day of the forum, H.E. Mnangagwa explained that economic zones are being created in Zimbabwe as the government looks to attract foreign investment. He stressed the importance of developing new initiatives that invest in skills development and human capital.
His …