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Investment opportunities in Macedonia at the annual investment summit in Dubai

in ECONOMY/EUROPE by

Economy Minister Kreshnik Bekteshi, from the 9th to 11th of April, participates at the eighth edition of the Annual Investment Summit in Dubai, UAE, under the auspices of His Majesty Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the UAE and Prime Minister of Dubai. 

It is an annual gathering that is the leading global platform for foreign investments, whose annual theme is “Linking Developed and New Foreign Direct Investment Markets – Partnership for Inclusive Growth and Sustainable Development”, which brings together several tens of thousands of participants from public and private sector from over 100 countries, including representatives of ministries and government scientific public, chambers of commerce, industrial and economic zones, banks and financial institutions, startups and small and medium enterprises. 

Minister Bektesi, within the rich program, presented the possibilities for investing in the Republic of Macedonia and the economic situation of the country and realized numerous meetings with interested investors. During the visit, Bekteshi met with the renowned entrepreneur Ph.D. B.R. Sixth, one of the most successful global businessmen and one of the richest people in the United Emirates, where he is present with many companies and factories in various sectors. 

Kaduna: new infrastructure master plan 2018-2050

in AFRICA by

The Kaduna State Government says it will require up to 65.5 billion dollars to address the state’s infrastructure challenges over the next 30 years. Governor Nasir El-Rufa’i stated this on Wednesday at the unveiling of the infrastructure master plan, 2018-2050, during the 3rd edition of the state investment forum in Kaduna. He stressed that the long term infrastructure master plan summarised the infrastructure target of the state aimed at providing job opportunities and making lives better for the people. 

The transportation sector which would require N8 trillion while N5.1 billion would be required annually in the education sector to build about 9,006 schools including tertiary institutions. “Other sectors include, the health system which would require N158 billion, while N100 billion yearly is targeted for the water sector; agriculture would require N53 billion, and 5,000 housing units would be developed annually all within the time frame of 2018-2050,’’ the governor said. 

According to him, the administration had attracted investments into the state in the last two years, with 79 percent coming from outside the country. “Due to the low percentage of domestic investment, we have decided to focus more on domestic investment, we need to attract businesses in Kaduna by providing skilled workforce […] to encourage domestic investment in the state, government’s first priority is to build human capital by engaging in different activities where the young people are willing to be employed in businesses.’’ 

China’s Xi tells Zimbabwe president they should write ‘new chapter’ in ties

in AFRICA/ASIA by

Chinese President Xi Jinping told President Emmerson Mnangagwa of Zimbabwe that they should work towards a new chapter in ties, during the African leader’s first state visit to China since he seized power last year. Mnangagwa, who became president in November after a de facto military coup ended Robert Mugabe’s 37-year rule, has promised to rebuild his country’s devastated economy and re-engage with the international community.

Xi said China has been happy to see the economic reform policies that Mnangagwa put in place after the “peaceful, smooth” transfer of power. “I’m willing to work with Mr President to jointly map out our future cooperation and write a new chapter in China-Zimbabwe relations for the benefit of our two peoples” Xi said, during the meeting in Beijing.

In December, Zimbabwe signed a $ 153 million loan agreement with China to expand and renew its international airport in Harare in the attempt to attract investors and tourists, the first such deal under the new government.

China has growing interest in investing in Africa’s natural resources and has poured more than $100 billion into roads, railways, mines, powerlines and factories on the continent over the last decade. At the same time with his visit, Zimbabwe would attempt to tap China’s huge financial resources, technical expertise and modern technology in order to help revive the economy, Mnangagwa told.

Algeria: Condor will invest $ 1 billion over five years

in AFRICA/TECHNOLOGY by

The Condor group will invest $ 1 billion over the next five years to expand its mobile phone production capacity. The chairman Abderrahmane Benhamadi said that they are going to invest $ 1 billion over five years to expand their business in mobile phones, built-in products, kitchen and furniture, refrigerators and they will invest in 7 new phone production lines. The Condor group is already exporting its products to all Maghreb countries (Tunisia, Morocco, Libya and Mauritania), but also in France, Senegal, Congo, Benin, Jordan and the United Arab Emirates.

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