Browsing: investment opportunities in Africa

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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Investors to pump $8.4billion into Nigeria’s economy

Investing

Investors are set to pump a total of $8.41 billion into Nigeria’s economy.

According to the Nigerian Investment Promotion Commission (NIPC), more jobs will be created since the investors are targeting various sectors in the country.

NIPC Executive Secretary Yewande Sadiku who made the announcement during a media briefing in Abuja said  the country’s unemployment level is the second highest globally.

Sadiku noted that the $8.4billion is pledged for the first quarter of the year, while over 23.19 million Nigerians, according to the National Bureau of Statistics (NBS) report, were unemployed during the fourth quarter of 2020.

However, Sadiku said although investment announcements are not actually investment, it gives an aggregate of investors’ interest in Nigeria and also help to translate those announcements to actual investment.

According to her, the Commission has been honest on the gap between announcement and actual investment demonstrating potential.

“We have also said that a …

Tech in Africa

Is Improving digital access the silver bullet for Africa?

Tech & Business

Investing in the improvement of digital access in Africa, could be the silver bullet to achieving the SDGs, a recent report has said.

While many investors, corporations and financial institutions say they are committed to achieving the SDGs, the report notes that capital is not flowing at the required speed to the countries where SDG investment matters most.

According to a report dubbed ‘Opportunity2030 the Standard Chartered SDG Investment Map’, rapid industrialisation and urbanisation in low-to middle-income countries make water and sanitation one of the most important areas for public and private investment.

“Well-structured investments in this sector benefit from stable long-term returns with limited downside volatility. This is also an excellent sector for impact investing, as the potential social effects are so positive. Improved water supply and sanitation, alongside better management of resources, is a key lever for improving markets’ economic growth. However, social infrastructure projects in emerging markets …