Tag: investment

  • Blow for Putin as China abandons investment in Russia : worldnews

    Blow for Putin as China abandons investment in Russia : worldnews

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    “China has not funded any new infrastructure projects in Russia for months as Beijing focuses its attention on preventing a financial crisis at home.
    Financing and investment through the Chinese Belt and Road Initiative (BRI) fell to $28.4bn (£23.6bn) over the first half of 2022, down from $29.4bn during the same period last year.

    No money went to new projects in Russia, Sri Lanka or Egypt, all of which had previously been key beneficiaries of Chinese spending. The lack of engagement with Russia suggests Chinese businesses may be afraid of falling victim to secondary sanctions introduced against Moscow over the invasion of Ukraine.”

    I do not know if the article is real or not (we will have to wait a source closer to Beijing) but I am so grinning thinking “Eat this Putin, even your best friend used you and tossed you away because you are a lunatic”.

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  • Nigerian Online Scams Hurt International Business and Investment in the Country

    Nigerian Online Scams Hurt International Business and Investment in the Country

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    Every emerging third-world nation needs help in getting their products to world markets. They also need investment capitalization dollars coming into the nation so they can increase their business endeavors and grow their economies. Indeed, there are huge risk issues when investing in foreign emerging markets, but there is also the potential for huge rewards and profit too. One nation on the World Map of emerging nations is Nigeria. It is an oil rich country and has a lot going for it.

    Nigeria also has a bad stigma due to the email scams and international banking wire transfer fraud coming from criminal elements from within their nation. What is so unfortunate is that many business people in the United States and elsewhere have been introduced to the nation of Nigeria through these emails fraud phishing scams. Now, it is very unlikely that US Businesses will be willing to invest in Nigeria or take on Nigerian Business Partners.

    Therefore, the country of Nigeria has developed a horrible reputation in the world and this is going to affect their future growth. Trust is critical when working with overseas business vendors or partners, without it the business investment monetary flows slow to a trickle and this hurts the future potential. One question on many people’s minds in considering this issue is: Will Nigerian economic development and Public Relations Teams be able to mind the fence and restore faith and trust in that country?

    Would you trust someone from Nigeria as a vendor for your company? Would you trust someone who told you they were a Nigeria Official that wanted to offer you an investment opportunity? Think about that, see the problem there?

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    Source by Lance Winslow

  • Africa: AfDB ‘Extremely Positive’ About Investment Opportunities in Africa – President

    Africa: AfDB ‘Extremely Positive’ About Investment Opportunities in Africa – President

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    Marrakech — The president of the African Development Bank (AfDB), Akinwumi Adesina, said on Wednesday that he was “extremely positive” about investment opportunities in Africa.

    “Based on the 2020 survey conducted by the African Private Equity and Venture Capital Association, about 45% of sponsors expect returns in Africa are to exceed those of emerging and developed markets over the next 10 years,” said Adesina at the opening of the 14th edition of US-Africa Business Summit, noting that “it is time for U.S. investors to move quickly and invest massively in Africa”.

    In this regard, he said that Africa offers a “very profitable” destination for investment, noting that investors pay a lot of attention to this Continent and that the number of private equity funds in Africa has increased from 12 in 1997 to 150 in 2020.

    In addition, Adesina highlighted the importance of President Joe Biden’s “Build Back Better World” program in contributing to the shift in U.S. private sector investment to Africa.

    “It’s time to refresh, re-engage and re-invest in Africa. As you do, it is important to base your investment decisions in Africa on facts, not fiction or perception. Perception is not reality,” he said.

    He also recalled that Moody’s Analytics’ 10-year cumulative assessment of global infrastructure debt default rates by region in 2020 found that infrastructure lending was lowest in Eastern Europe, Latin America, and Oceania and that Africa was the region with the second lowest cumulative default rate, after the Middle East, proving once again that infrastructure as an asset class in Africa is “sound, safe, and profitable.”

    This is why the AfDB has invested more than $44 billion in infrastructure in Africa over the past six years, in the areas of energy, transport, digital infrastructure, water and sanitation, he stressed.

    Referring to the issue of natural gas, Adesina assured that Africa is ready to be the alternative source of supply in this area, to help secure energy supply to Europe, following the Russian-Ukrainian conflict that disrupted energy supply.

    “From Nigeria to Ghana, through Tanzania, Senegal, Morocco, Kenya, Algeria, Africa now has some of the largest natural gas reserves in the world,” he underlined.

    “Africa has some of the largest deposits of lithium in the world, from the Democratic Republic of Congo to Namibia, Zimbabwe and Mali, enough to make the continent competitive with China and Chile in the race to supply the global value chains for electric cars,” AfDB chief added.

    In this context, Mr. Adesina welcomed the enormous opportunities that the African continent has in the field of agriculture, with 65% of the remaining arable land uncultivated to feed the world, noting that “what Africa will do with agriculture will determine, without doubt, the future of food in the world.”