Many thanks to all the OECD team for the support and for the valuable report on the FDI Qualities Report of Tunisia.
We’ll surely take into consideration all the important remarks and recommendations in this report.
Also all our thanks for the successful event we’ve organized together with the OECD and Union Europeene en Tunisie.
We are delighted to share that the Secretary General of the Ghorfa, Abdulaziz Al-Mikhlafi, has participated in the Tunisia Investment Forum, taking place from the 12th to the 13th of June in Tunis. The forum is organized by the Foreign Investment Promotion Agency "FIPA-Tunisia" under the auspices of the Ministry of Economic and Planning and in partnership with the European Union in Tunisia.
The forum offered a comprehensive outlook on the fundamental reforms aimed at boosting economic and social growth while laying the foundations for a competitive environment. Key highlights of TIF 2024 include discussions on Tunisia’s efforts to enhance investment and foster a reliable platform for productive and sustainable development, as well as panels featuring testimonies by private operators displaying Tunisia’s competitive advantages.
On the sidelines of the forum, the Secretary General had the honour of meeting with Her Excellency Mrs. Feryel Ouerghi Sebai the Tunisian Minister of Economy and Planning. During this insightful meeting, they discussed strategic initiatives to enhance Tunisian-German economic collaboration, explored new avenues for investment, and shared perspectives on fostering sustainable development. This meeting underscores the potential for long-lasting partnerships and new business opportunities.
#TunisiaInvestmentForum#TIF2024#SustainabilityMeetsOpportunity#Ghorfa#Investment#EconomicGrowth#BusinessOpportunities#BilateralRelations
#LocalNews Ethiopia struggles to attract sustainable investment amid global challenges
The 2024 World Investment Report paints a concerning picture for Ethiopia’s efforts to attract foreign direct investment (FDI) and financing for sustainable development projects.
According to the report published by the United Nations Conference on Trade and Development (UNCTAD), global FDI flows remained stagnant at $1.3 trillion in 2023, with developing countries like Ethiopia seeing a 7% decline. This downturn was driven by a combination of global crises, trade tensions, and tightening financing conditions.
Notably, the report found that investment in new industrial and infrastructure projects in developing countries declined, while investment in sectors relevant to the Sustainable Development Goals (SDGs) fell by more than 10% globally. This is particularly troubling for Ethiopia, which has made the SDGs a central pillar of its development
Read More 👉 https://lnkd.in/dVGFpJ-5
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In today’s rapidly changing global economic climate, nations are faced with the challenge of fostering sustainable growth while ensuring long-term stability.
Tashkent International Investment Forum’s panel session on “Navigating Global Economic Shifts: Strategies for #Sustainability and #Growth” brought together experts to look at multifaceted approaches that governments can use to effectively address these challenges.
Speaking at the panel #OPECFund President Dr. Abdulhamid Alkhalifa highlighted strategies that are likely to succeed. "Increasing interconnectedness in trade, finance and technology and improving regional integration can help countries to move up the economic value chain, underpinning future growth prospects," he said.
In the panel discussion Dr. Alkhalifa was joined by:
• Qays bin Mohammed Al Youssef, Minister of Trade, Industry and Investment Promotion of Oman
• Abdulla Bin Touq, Minister of Economy of the UAE Ministry Of Economy, UAE
• Mihály Varga , Minister of Finance of Hungary Ministry of Finance, Hungary
• Jennifer Nordqvist, Executive Vice President of the Economic Innovation Group, former Executive Director of the World Bank Group
• Shukhrat Vafayev, General Director of the Fund for Reconstruction and Development of Uzbekistan
#OPECFundMission#TIIF24
"Cambodia carries the strongest FDI momentum into 2024," according to fDi Intelligence's Watchlist report.
Cambodia leads the overall Watchlist in this year's report, highlighting its strong macroeconomic and foreign direct investment momentum. The report emphasizes Cambodia's resilience and positive economic trajectory as it stands out among global FDI destinations amid the challenges of the post-Covid recovery. Among the top 10 countries featured in the list, six are from Asia, including the Philippines in second place, Iraq in fourth, Kazakhstan in sixth, Azerbaijan in seventh, and India in 10th.
🌍 Exploring Africa’s investment boom: Key trends and considerations for businesses
👉 The United Nations Conference on Trade and Development recently published the World Investment Report 2023 stating that Foreign Direct Investment (FDI) flows to Africa reached the level of $45 billion in 2022, demonstrating Africa’s attractiveness as a destination for investment.
🌐 A notable emerging trend in various African countries is the governmental insistence on foreign investors incorporating a certain level of transformation of extracted natural resources within the country, ensuring a minimum added value is retained locally. This is expected to further augment FDI in Africa in the coming years.
✍ In an article, Tarek Zouari, Managing Partner and Founder of EXCO Tunisia writes about exploring Africa’s investment.
📖 Read the article with the link in the comments!
#africa#investment#business
🇲🇺🇮🇳 A delegation from the Economic Development Board of Mauritius (EDB) will be among the government officials, business leaders and high-level representatives of multilateral institutions who will convene in New Delhi from 11th to 14th December 2023, to discuss the current global challenges and opportunities posed by foreign direct investment (FDI).
“I find the theme of this year’s Conference: 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: 𝐈𝐏𝐀𝐬 𝐏𝐢𝐨𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐅𝐮𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 to be very befitting as it provides the right platform for IPAs and Investors to connect, discuss on pressing issues and identify new avenues for investment by the private sector while IPAs play the role of facilitating such investment projects.” states Mr Hemraj Ramnial, Chairman of EDB Mauritius.
🌐 Learn more about EDB`s participation at the 27th World Investment Conference https://lnkd.in/gfrK_VYx#edbmauritius#waipa#InvestmentOpportunities
Economic Advisor to H.E. President Abdel Fattah el-Sisi, Former Minister of Planning & Economic Development, Arab Republic of Egypt. Former Chair of The Sovereign Fund of Egypt. Former Dean, Cairo University.
Egypt and the European Union share a deep-rooted and strategic partnership, underscored by today’s joint Investment Conference. The event, attended by H.E. President Abdel-Fattah ElSisi and European Commission President Ursula von der Leyen, unveils over €40 billion in transformative programs and agreements across various sectors, set to drive job growth, skills development, food security, and sustainable development.
At the conference, I highlighted that reform is a continuous process. #Egypt's comprehensive reform agenda has been the driving force behind our growth, enhanced competitiveness, and resilience in the face of adversity. This decade-long journey of transformation has been a collaborative effort, with multi-stakeholder participation from the government, private sector, and civil society.
Our reform agenda centers on invigorating key production sectors – agriculture, manufacturing, and ICT – while simultaneously liberalizing policies and regulations to empower the private sector. We are dedicated to boosting productivity and fostering deeper integration of these sectors into the broader economic landscape.
A cornerstone of our approach is private sector engagement. We are investing in infrastructure, nurturing small and medium-sized enterprises, implementing tax incentives and reducing the state's economic footprint.
By leveling the playing field between public and private entities, we are fostering an environment that attracts FDI, fuels healthy competition, and unlocks the full potential of the private sector to drive development.
Recognizing that our people are our most valuable asset, we are prioritizing the development of human capital. We are focused on job creation, while simultaneously cultivating a skilled workforce equipped to thrive in the digital economy.
Central to our vision is a commitment to social protection, rooted in the fundamental human right to development. We are dedicated to advancing inclusion, empowering #women economically, and ensuring that every Egyptian has the opportunity to participate in and benefit from our nation's progress.
#EU#EUInvestEgy
Africa, often referred to as the "next frontier" for economic growth and development, is gradually becoming a hotspot for Foreign Direct Investments (FDIs). This continent, rich in natural resources, youthful demographics, and untapped markets, is attracting a growing number of international investors.
However, according to a report put out by the United Nations Conference on Trade and Development (UNCTAD), on the 5th of July 2023, titled, ”World Investment Report 2023” Africa has experienced a steep decline in the value of FDIs intended for the emerging continent.
The report shows that foreign direct investment (FDI) flows to Africa decreased from a record $80 billion in 2021 to $45 billion in 2022. They represented 3.5% of all FDI worldwide. See the list here...
Sustainable development and #ESG is such a complex space to make sense of. But Chinell Bermosky has mastered this space and demystifies all the models and frameworks to help businesses make sense of where to focus. 👌🏾
FIPA
2moMany thanks to all the OECD team for the support and for the valuable report on the FDI Qualities Report of Tunisia. We’ll surely take into consideration all the important remarks and recommendations in this report. Also all our thanks for the successful event we’ve organized together with the OECD and Union Europeene en Tunisie.