Paris, France | AFP | Saudi Arabia’s global investment reach is impressive, stretching from stakes in Twitter and Uber to AccorHotels and Virgin Galactic — but the Khashoggi affair has thrown a harsh spotlight on its economic footprint. The following is a synopsis of the Kingdom’s investment portfolio. A 2017 …
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Kampala, Uganda | JULIUS BUSINGE | Ziria Tibalwa Waako is the Chief Executive Officer of the Electricity Regulatory Authority (ERA). The Independent’s Julius Businge attended a media training workshop on March 6 where she responded to a number of questions. How would you describe Uganda’s electricity sector at the moment? Uganda’s …
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Over 38,261 jobs to be created in eight sectors Kampala, Uganda | ISAAC KHISA | Rwanda recorded a 30.7% growth in investment to US$1.675bn last year compared with the previous year, data from the country’s promotion agency, Rwanda Development Board (RDB) shows. According to the data, three sectors – construction and …
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Doha, Qatar | AFP | Qatar has approved legislation allowing 100-percent ownership for foreign investors in most sectors of the economy in a bid to boost non-energy revenues, the government said on Thursday. The move comes at a time of political crisis in the Gulf, with Qatar under an economic and …
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Kampala, Uganda | ISAAC KHISA | Uganda’s balance of payment deficit has remained wide for some time now but there are signs that the gap will soon be reduced as the government issues licenses to developers in Free Zones. Free Zones are geographic areas where raw materials and goods may be …
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Marrakesh, Morocco | AFP | A two-day investment forum opened in Morocco’s Marrakesh on Monday as China seeks to revive ancient Silk Road trade routes from Asia to Europe and Africa. “The question is how to accelerate cooperation in the field of investment,” said Wang Yong, vice president of the …
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London, United Kingdom | AFP | Millions of pounds from the private estate of Britain’s Queen Elizabeth II have been invested in offshore tax haven funds, a huge new leak of financial documents revealed on Sunday. Around £10 million ($13 million, €11.3 million) of the Queen’s private money was placed in …
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Mexico City, Mexico | AFP | Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country. The investment in the world’s fifth-biggest consumer of gasoline depends on market conditions continuing to …
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New York, United States | AFP | In one recent 24-hour span, two women were pushed out of leadership roles at major US corporations, spotlighting how investor pressure can frustrate efforts to broaden diversity in the boardroom. Ellen Kullman, Meg Whitman, Mary Barra, Indra Nooyi, Marissa Mayer, Irene Rosenfeld, Sheri McCoy …
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Brussels, Belgium |AFP | EU leaders on Friday poured cold water on a proposal by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in strategic European industries. European leaders discussed the divisive topic on the second day of an EU summit in Brussels, as Europe …
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