Tag Archives: investment

MP Abigaba roots for investment in the manufacturing of eco-friendly paper bags to replace ‘Kaveera’ Kampala, Uganda | GODFREY SSALI | Government has been urged to invest in the manufacturing of eco-friendly paper bags made from banana stems. The eco-friendly paper bags will help waste disposal by households as Uganda moves to implement the …

Cairo, Egypt | AFP | Saudi Arabian billionaire Prince Alwaleed bin Talal is to invest more than $800 million in hotels in Egypt, the investment ministry in Cairo said on Monday. The announcement came after parliament in May adopted a new law aimed at attracting foreign investment as the authorities seek …

COMMENT: The new G20 Compact with Africa stands for a new approach in international development policy Germany |Wolfgang Schäuble |   Africa’s enormous economic potential is not news. But, until now, policymakers around the world have not successfully defined the political and economic steps that must be taken to enable Africa …

Merkel’s G20-Africa meet aims to reduce poverty, migrant influx Berlin, Germany | AFP | German Chancellor Angela Merkel will on Monday meet African leaders in Berlin on initiatives aiming to reduce the poverty and conflict driving a mass migrant influx to Europe. The idea is to team up African nations …

Shanghai, China | AFP | China Southern Airlines said Tuesday it would sell almost a one-tenth stake to American Airlines in a $200 million tie-up that could see two of the world’s biggest carriers cooperate in a range of areas. American Airlines is the world’s largest carrier by scheduled passengers carried, …

Beijing, China | AFP |  Beijing is tightening screening on Chinese companies’ overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending. Authorities will “combine facilitating foreign investment with guarding against investment risks” by scrutinising proposed deals, said a …

Better business climate Uganda’s ranking in the 2017 World Bank’s Ease of Doing Business has improved by seven places, a development that shows that ongoing business environment reforms being implemented by the government are starting to bear fruit. Uganda now ranks 115th out of the 190 assessed economies, which is …

Unfavourable economy forces NSSF to cut interest rate for first time in six years For every Shs 1 million you have saved with the National Social Security Fund (NSSF), Shs 123,000 has already been credited to your account as interest payment. Of course this is lower than the Shs 130,000 …

THE LAST WORD: By Andrew M. Mwenda Why foreign direct investment is overrated and why Africa needs to cultivate local businesses There is a fad in Africa. It is called Foreign Direct Investment (FDI). Across our vast continent, foreign investors are the most treasured visitors. Practically every country is obsessed …

Rwandan President Paul Kagame and his Ugandan counterpart President Yoweri Museveni on Sept.05 launched the inaugural Global African Investment Summit in Kigali, Rwanda.   Dubbed the Global African Investment Summit COMESA & Government of Rwanda (TGAIS-Rwanda), the meeting brought together African leaders, heads of State, senior policymakers and influential business leaders …