Browsing: FDI

AIM 2022 comprises a broad array of features and activities that give real value to all participants and stakeholders of the conference, including AIM Pre-conference Workshop & Seminar, AIM 2022 Conference, AIM 2022 Exhibition, AIM 2022 Innovation Showcase, Startup Hackathon,  Startup Live Pitching Sessions, Site Visits, B2B, G2B, & G2G Meetings, Exclusive Breakfast, High-level Networking Lunch, Gala Dinner, AIM Global 2022 Investment Awards, AIM 2022 Startup Pitch Competition, and AIM 2022 Future City Awards, among other features.

With the Annual Investment Meeting’s 6 Pillars providing value to all the event’s participants, therefore, attending AIM is imperative for all stakeholders of the global investment landscape.  

The details and topics of the meeting are available on the AIM website and for participation or questions regarding AIM, you can contact Angie Marhan.…

The report notes that figures reveal that the region’s share of Dubai total trade grew considerably over the years. In 2020, it was the emirate’s third-largest trading partner in Africa, with total trade value hitting US$12.2bn. This was a 24.4 per cent share of Dubai’s trade with Africa.

East Africa’s trade with Dubai is relatively balanced.

Imports accounted for 43 per cent of trade activity, while re-exports and exports made up 42 per cent and 15 per cent in 2015-2020. Imports grew 22 per cent in the same period, while exports grew 15 per cent, and re-exports 3 per cent. …

Also of significance is the February 2019 deal that saw US$300 million set aside for a 10-year plan to develop Port Sudan’s facilities, while a new Chinese-built seaport for shipping livestock in Haidob, south of Port Sudan, is nearing completion.
The Chinese-built port for shipping livestock from Sudan’s Red Sea coast is a component of Beijing’s Belt and Road Initiative and is primed to help transport camels, cattle and sheep targeted for the Asian markets.…

Africa has a sustainable development opportunity for business valued at US$7.7 trillion by 2030.…

The Moyale OSBP will help expedite the movement of goods and people across the Kenya-Ethiopia border.…

The services sector registered a majority of 25 projects followed by the manufacturing and export trade sector with 21 and 11 projects respectively…

Consumer demand and sales volumes have peaked in the developed world leaving the developing countries lagging behind.…

Foreign Direct Investments (FDIs) in East Africa declined by 9 per cent to $7.8 billion in 2019, from $9 billion in 2018 shows the latest World Investment Report 2020 by the United Nations Conference on Trade and Development (Unctad).

This year there could be a sharp decline in FDIs as the COVID-19 pandemic continues to affect economies across the globe.

In 2019, Uganda’s foreign direct investments increased by 20 per cent to $1.3 billion due to the continued development of oil fields and an international pipeline. Also projects in agriculture, construction and manufacturing contributed to the increased in FDI.

Also Read: Angola set to attract more FDI into oil and gas sector

In Tanzania, FDI inflows didn’t change they remained at $1.1 billion. In Kenya, despite several new projects in information technology and healthcare FDI inflows dropped by 18 per cent to $1.3 billion compared with $1.6 billion in 2018.…

Bearing in mind the Law number 10/2018, of June 26 (Private Investment Law), which adjusted the legal and institutional framework to perform private investments in Angola, the Angolan Government approved the Private Investment’s Legal Proceedings Regulation in order to allow the capture and execution of investments with faster and easier procedures.

The above mentioned regulation establishes the procedures for the legal registration of proposals of private investment projects, the attribution of benefits and advantages, monitoring, supervision, as well as penalties and extinction of rights granted under the Private Investment Law.

The Private Investment projects begin with the delivery of all the relevant documents besides the competent body of AIPEX (Agency for Private Investment and Promotion of Exports of Angola).

Also Read: Angola set to attract more FDI into oil and gas sector

After receiving the private investment project, AIPEX has 5 working days to communicate the decision.

It is, …

Promoting economic diversification and industrialization in Africa is now a matter of priority …