Africa: Aviation’s contributions to Nigerian GDP is declining and would need $50b FDI to grow

FDI

The aviation industry in Nigeria will require about $50 billion Foreign Direct Investment (FDI) to drive it and make it more competitive in the global aviation sector. Aviation Stakeholders in the industry at the just concluded Nigeria Travels Mart Colloquium 2017 are of the opinion that the government alone cannot fund the sector giving its capital intensive nature. Speaking at […]

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News: With $11b FDI in 2016 giving it 12% total second only to China with 39% UAE is leading the investment charge into Africa

FDI

The Gulf state is ahead of the rest of the Middle East – and much of the world – when it comes to capitalising on Africa’s investment opportunities. Still, some barriers remain, and African governments are working to encourage greater flows from the region and beyond. With its abounding natural resources, vast expanses of arable land, and evolving infrastructure, the […]

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Africa: Kenya Overtakes South Africa as Biggest Investor in African Countries

Kenya overtook South Africa to become the biggest investor in other African countries in terms of the number of projects in 2015. Kenya invested in 36 projects last year in other parts of the continent against South Africa’s 33, a new study by financial consulting firm Ernst & Young shows. It noted that most of Kenya’s intra-Africa investments went into […]

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Nigeria to contribute over 25% to Africa’s GDP by 2020

Africa’s biggest economy, Nigeria, is to contribute over 25 per cent to the continent’s economic growth in the next four years. According to a new report, the country’s contribution is benchmarked at an average rate of 4.8 per cent yearly leading to year 2020. The document, which was made available yesterday to The Guardian by the Institute of Chartered Accountants […]

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African leaders are poised to attract FDI – Ghana’s Tourism Minister

Minister for Tourism, Culture and Creative Arts, Elisabeth Ofosu-Adjare, has said African leaders are poised to and are capable of addressing challenges and continue attracting Foreign Direct Investment (FDI). She said it was for this that they have developed the tourism sector in the continent. The minister was speaking as a panelist on the challenges of investing in Africa at […]

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‘Kenya’s African tourism market growth is higher than all our traditional markets’ – Jacinta Nzioka

Jacinta Nzioka-Mbithi, few weeks ago, was appointed acting Managing Director of Kenya Tourism Board (KTB). In this interview, she shares with RENN OFFOR of atqnews.comthe bold initiatives her government has taken which has bolstered security within the country and around its borders once tainted by terrorist attacks; and coupled with positive economic development indicators which now drive new investments, tourism […]

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Why Rwanda keeps attracting foreign investment

By: Tendai Dube. Despite a mild ranking decline for ease of doing business, Rwanda is still making notable strides and attracting more and more foreign direct investors because of how easy one can start a business in the country. In the World Bank Group report, Doing Business 2016, Rwanda ranked 62 out of 189 economies in ease of doing business […]

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