Browsing: investment opportunities in Africa

US Africa summit

US-Africa summit starts in Morocco focused on economic recovery

Countries
  • The summit that will be held from Tuesday, July 19, until Friday, July 22, will focus on economic recovery post-COVID-19 pandemic
  • The 2022 summit is being held under the theme “Building Forward Together” and will explore investment opportunities amid rising inflation and high cost of living
  • Morocco had in 2020 been selected by the CCA Board of Directors to host the conference, which was cancelled due to the COVID-19 pandemic
  • It’s the first time Corporate Council on Africa (CCA) organised the summit on African soil
The four-day 14th United States-Africa summit began on Tuesday, July 19, in Marrakech, Morocco.
The summit that will be held until Friday, July 22, will focus on economic recovery post-COVID-19 pandemic. It will provide opportunities for the Joe Biden-led administration and its partners in Africa to enhance their bilateral relations.
The 2022 summit is being held under the theme “Building Forward Together”. For four days,
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www.theexchange.africa

Africa: Opportunities and challenges of investing in Ghana and Ethiopia

Business
  • Ghana has several opportunities for investors including abundant raw materials including gold, cocoa, and oil/gas
  • It however faces several challenges that hinder foreign direct investment, among them costly and difficult financial services and lack of government transparency
  • Low-cost labour, a national airline with well over 100 passenger connections and growing consumer markets are key elements attracting foreign investment into Ethiopia
  • Companies often face long lead-times importing goods and dispatching exports due to logistical bottlenecks, corruption, high land-transportation costs, and bureaucratic delays

Ghana remains a favourable investment destination in Africa in 2022, despite the impact of the challenges the economy faces including the COVID-19 pandemic. 

Data by the US Department of State indicates that the economy has continued to rebound from the negative impact of the virus, and has made attracting foreign direct investment a priority. 

The economy has expanded at an average of 7 per cent since 2017 to 2020,

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