Locations Archives - Page 6 of 7

Durban = Double Digit Growth Opportunities

Categories: Locations

South Africa is the premium springboard into the African continent, offering a platform into one of the world’s last frontiers of double-digit growth opportunities. So says Russell Curtis, CEO of Invest Durban. Here is a man with reason to be passionate about the metropolitan region he is tasked with attracting new investment into, alongside retaining and expanding that which is already there. Part of Invest Durban’s mandate is to promote the destination internationally. This has seen the CEO recently take his message to North America, an untapped source market for FDI that is now coming to understand all that South…

South Africa: Staff Concluding Statement of the 2023 Article IV Mission

Categories: Locations

Washington, DC: An International Monetary Fund (IMF) team led by Papa N’Diaye visited South Africa on March 1-17 to hold meetings with the economic authorities and other counterparts from the public and private sectors for the 2023 Article IV annual consultation. Discussions focused on policies to ensure macro-financial stability and the far-reaching reforms needed to durably lift potential growth, create jobs, reduce poverty and inequality, and facilitate the transition to a greener economy. ContextSouth Africa’s economic and social challenges are mounting, risking stagnation amid an unprecedented energy crisis, increasingly binding infrastructure and logistics bottlenecks, a less favorable external environment, and…

Newly Formed Investment Council To Enhance Egypt’s FDI Attractiveness

Categories: Locations, Sustainability

Egyptian President Abdel Fattah Al-Sisi issued on Thursday decree No. 141/2023 to form the Supreme Council for Investment. The Council shall be formed and headed by the President of the republic, with the membership of Prime Minister, Governor of Central Bank, and Ministers of Defence and Military Production, Justice, Planning and Economic Development, International Cooperation, Finance, Interior, Communications and Information Technology, Local Development, Public Enterprises Sector, and Trade and Industry. Other members include the Head of General Intelligence, Chairperson of Administrative Control Authority, Chairperson of Egyptian Exchange, Chairperson of the Suez Canal Economic Zone, CEO of General Authority for Investment…

Focus On Botswana

Categories: Locations

Botswana is a small country with a population of about 2.35 million (World Bank, 2020) and nestled between South Africa, Namibia, Zimbabwe and Zambia. Its central location in southern Africa enables it to serve as a gateway to the region. Botswana has historically enjoyed high economic growth rates and its export-driven economy is highly correlated with global economic trends. Development has been driven mainly by revenue from diamond mining, which has enabled Botswana to develop infrastructure and provide social welfare programs for vulnerable members of the population. “The World Bank classifies Botswana as an upper middle-income country.” Botswana is a…