The Africa Hotel Investment Forum (AHIF), which is the premier tourism and hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies and their advisers, will take place on 25 – 27 June 2024, in Namibia.
The venue will be the Mövenpick and Mercure hotels in Namibia’s capital city, Windhoek. Both properties are receiving a total makeover after they were acquired in 2021 by a fund managed by Kasada Capital Management, the leading independent real estate private equity platform dedicated to the hospitality industry in Africa. Consequently, AHIF will showcase the relaunch of both properties
For many delegates attending AHIF next year, the conference will involve a “safari” in more ways than one. The weekend before AHIF will feature various inspection trips to see some of Namibia’s best hospitality investment projects and tourism attractions. They include spectacular desert scenery, awesome adventure sports and sensational safaris, on which it is possible to see endangered black and white rhino, antelope, cheetah, elephants, giraffes, hippos, lions, ostriches and zebras. The trips will not only be educational; they will also provide valuable networking, as participants will also include delegates from AviaDev, Africa’s premier airline route development conference, which will be scheduled at the same venue, at the end of the week before.
In the seven-year period prior to the COVID-19 pandemic, Namibia’s tourism sector had been growing consistently. According to the country’s Ministry of Environment, Forestry and Tourism, visitor numbers grew by around 5% per annum, from just under 1.2m in 2012 to 1.6m in 2019. However, the pandemic pummelled the country’s tourism industry, with visitor arrivals in 2020 falling below 200,000. Since then, they have recovered – by 40% in 2021; and they jumped by 98.1% to 461,027 in 2022.
Nangula Uaandja, Chairperson and Chief Executive Officer of the Namibia Investment Promotion and Development Board (NIPDB), said: “Securing the bid to host AHIF 2024 is not just a win for Namibia, but also an affirmation of our national potential. We are delighted to welcome the international hospitality investment community to explore the untapped investment potential of our tourism industry. Namibia is a strikingly beautiful country, with picturesque landscapes that are guaranteed to charm at first sight. More than that, we are a country that is committed to developing our people by attracting foreign investments that catalyse economic activity and employment creation.
Our government is deliberate about sustaining a conducive investment climate, supported by progressive regulatory and policy frameworks, a strong legal system, seamless repatriation of profits and an independent judiciary that protects the rights of all investors, and that allows disputes, if they arise, to be settled through the courts or international arbitration”.
Olivier Granet, Managing Partner and CEO, and David Damiba, Managing Partner, and CIO, Kasada Capital Management, said: “We are proud to be partnering with the Bench on AHIF 2024 and look forward to welcoming guests to Kasada’s newly refurbished and relaunched Mövenpick and Mercure hotels. The full refurbishment at Namibia’s leading hotel complexes and conference centre is a testament to our strategy of bringing capital and expertise to enhance the hospitality sector in key cities across Africa.”
Matthew Weihs, Managing Director of The Bench, which organises AHIF, concluded: “We are very excited that AHIF will, for the first time, go to a SADC country next year. Investing in Africa is all about uncovering and seizing new opportunities. To do that, one needs to expand one’s horizons by going to different places, meeting new people, and exploring alternative scenarios. By scheduling AHIF and AviaDev either side of a weekend in Windhoek and laying on a selection of inspection trips for our delegates, we will be doing just that, as well as offering them unrivalled networking, which is a vital ingredient of any conference.”
From December 1 & 2, 2023, the leading London-based Business consulting and investment Firm, Wealth Masters Group, is conveying African and Caribbean Private sector to discuss Business and Investment opportunities among themselves during a 2-day virtual event
Going under the theme “find your purpose, potential, business niche and key strategies needed as African/Caribbean from topnotch entrepreneurs and business owners”,the overall idea behind this virtual summit is to build bridges of understanding and fostering meaningful partnerships, that can harness the immense potential of the combined talents of the two regions, resources, and ideas to create a brighter future for our people and generations to come.
According to Dr. Benjamin Acheampong, Wealth Masters Group Founder and President, “Africa and the Caribbean have long been vibrant and dynamic regions, rich in culture, heritage, and human potential. Our lands have birthed leaders, visionaries, artists, and entrepreneurs who have made indelible contributions on the global stage.Today, we embrace our shared legacy and embark on a new chapter of collaboration to unlock even greater possibilities”.
“This unprecedented unique event converges Africa and Caribbean elite business powerhouse, entrepreneurs, start-ups, corporate CEOs, executives of Pan-African Business industries, commercial organizations and financial institutions to discuss Practical Business, industrialisation, partnerships and prospects that can be leveraged to upscale economic dividends among Africans and Caribbean”. Said, Mad. Dorcas James, Summit Executive Director.
The summit envisions the following key features:
1. Keynote from successful African and Caribbean business leaders and Heads of States
2. Daily summit remarks by key partners and sponsors
3. Master Classes on business creation, growing and financing, and wealth management
4. Workshops on ACAS focus areas towards generating projects that can be taken forward
5. Provide a platform for professionals, entrepreneurs, and business leaders from both regions to exchange ideas, explore business opportunities, and promote cultural understanding.
The event welcomes companies and organisations as partners or sponsors. Our platform has the profile to guarantee your company/organisation the unique exposure and spectrum you dream of Wealth Masters Group appreciates all levels of sponsorship on a first come first served basis: such as discounts packages and others.
For more information kindly email us at info@wealthmastersgroup.com/www.acachiever.org or call us + 44 1622 809462 or visit our website at www.wealthmastersgroup.com/www.acachiever.org. Socials Media Facebook, LinkedIn and Instagram to discuss summit aspects including sponsorship packages tailored to your business objectives.
INVESTIV, a pioneer and leader in drone technology in West Africa, recently raised $800,000 (approx. 500 million XOF) from UK impact fund AGDEVCO and RAJ GROUP Holding to set up precision agriculture service centers for rural populations.
One of the company’s main challenges is to make its technologies available to small and medium-sized farmers for the production of food crops and perennial crops. To meet this challenge, INVESTIV, in partnership with AFRIQUE PHYTO PLUS, West Africa’s leading distributor of agricultural inputs, has developed a concept called Agrohub.
An Agrohub is a center offering precision farming services and a range of agricultural inputs. It is set up in villages and production zones in partnership with agricultural cooperatives and has a demonstration plot of around 2 hectares.
Precision agriculture uses information technology (IT) to ensure that crops and soil receive exactly what they need for optimum health and productivity. This also ensures profitability, sustainability and protection of the environment.
Precision agriculture (PA) is the science of improving crop yields and assisting management decisions using high technology sensor and analysis tools.
PA is a new concept adopted throughout the world to increase production, reduce labor time, and ensure the effective management of fertilizers and irrigation processes.
It uses a large amount of data and information to improve the use of agricultural resources, yields, and the quality of crops (Mulla, 2013). PA is an advanced innovation and optimized field level management strategy used in agriculture that aims to improve the productivity of resources on agriculture fields.
The Africa Business Heroes is a Jack Ma Foundation’s flagship philanthropic programme in Africa to support entrepreneurs. Its mission is showcase and grow local talent who are creating positive impact in their communities and beyond and inspire a movement of African entrepreneurship.
Over a ten-year period, the programme will recognize 100 African entrepreneurs and provide grant funding, training programmes and broader support for the broad African entrepreneurial system.
Africa Business Heroes Spotlight
Africa’s Business Heroes (ABH) is the Jack Ma Founda
FSD Ethiopia is coordinating a delegation from Ethiopia to attend AFSIC 2023 and will be sponsoring the Ethiopian Investment Summit scheduled for Monday, 9th October 2023. FSD Ethiopia is a development agency that aims to support the development of accessible, inclusive, and sustainable financial markets for economic growth with a vision to contribute to a thriving financial system that delivers real value to the broader economy and to the people of Ethiopia.
The Ethiopian delegation includes the key financial sector actors, including the Ministry of Finance, Ethiopian Capital Market Authority, Ethiopian Investment Holdings, Ethiopian Securities Exchange, and Ethiopian Investment Commission– a truly comprehensive grouping and an exciting agenda item to look forward to.
The Ethiopian summit is organized under the theme “Ethiopia – The New Frontier Market, Opening Doors and Creating Opportunities”. The summit aims to provide a comprehensive overview of Ethiopia’s emerging opportunities and highlight Ethiopia’s recent economic reforms, favorable investment climate, and growing investment opportunities.
The high-level officials in the panel will discuss significant developments strengthening Ethiopia’s financial architecture. The event will feature a road show to raise capital for the recently established Ethiopian Securities Exchange (ESX). ESX will highlight opportunities for forming strategic partnerships with financial actors in Africa and beyond. Ethiopia investment holding aims to attract investors and inform global finance practitioners of Ethiopia’s capital market and opportunities.
The Ministry of Finance will promote its far-reaching reforms to mobilize resources for sustainable and inclusive development, key to Ethiopia’s Homegrown Economic Reform agenda. Ethiopian Investment Commission will exhibit the various investment opportunities and a favorable business environment within the country, accomplished through a comprehensive and strategic approach that highlights the unique advantages of investing in Ethiopia.
The Ethiopian Investment Summit will be held on October 9th from 12:45 p.m. to 2 p.m. The Ethiopian Securities Exchange will launch its roadshow during the Embassy reception at the Ethiopian Embassy in London on the same evening.
The Ethiopian country delegation to AFSIC 2023 is a unique gathering of key financial sector players. and the Ethiopian Investment Summit promises to be standing room only. Any interested investors who wish to find out more should ensure they register to attend AFSIC event@afsic.net www.afsic.net
About the Ethiopian Delegation
Ministry of Finance (MoF)
The Ministry of Finance is a Ministry within the Government of Ethiopia responsible fiscal policy, public finance, and external economic cooperation. As per Article 16 of the Proclamation No.1097/2018 Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation, the Ministry of Finance is given the powers and duties (among others) to formulate economic cooperation and fiscal policies that particularly serve as a basis for taxes, and duties, mobilize, negotiate, and sign foreign development assistance and loans, establish a favorable legislative framework to promote and facilitate the implementation of PPP-financed infrastructure projects by enhancing transparency, fairness, and long-term sustainability, and prepare the Federal Government fiscal budget.
Ethiopian Capital Market Authority (ECMA)
The Ethiopian Capital Market Authority (ECMA) is a federal government regulatory authority with its own juridical personality, accountable to the Prime Minister of the Federal Democratic Republic of Ethiopia. It was established in 2021 by the Capital Markets Establishment Proclamation, which provides the legal foundation for the development of capital markets in Ethiopia. The ECMA is responsible for regulating the Ethiopian capital markets.
Ethiopian Investment Holdings (EIH)
Ethiopian Investment Holdings (EIH) is a young and dynamic holding company with a mission to create long-term value for Ethiopia. It was established in December 2021 to serve as the strategic investment arm of the Government of Ethiopia and to execute the state’s ownership of commercial assets. It upholds a philosophy of long-term value creation and is committed to transforming Ethiopia’s resources into assets that generate wealth for current and future generations.
The Ethiopian Securities Exchange (“ESX”) is Ethiopia’s first, and only organized securities exchange. ESX is established as a public-private partnership in line with Article 31 of the Capital Market Proclamation (No.1248/2021) and is licensed by the Ethiopian Capital Market Authority (ECMA).
ESX operates the business of a securities exchange, functions as a Self-Regulatory Organization (“SRO”), and serves as the central market organizer providing an integrated product suite covering the equities, money markets, and fixed income, segments of the capital markets.
As the pioneer securities exchange, ESX aims to play a critical role in the development and growth of the Ethiopian capital market. ESX’s core objective is to facilitate access to capital and support effective capital allocation in a manner that supports Ethiopia’s economic growth. By developing a well-regulated and efficient capital market ecosystem, ESX will enable the mobilization of financial resources for the Government, and private sector institutions while providing investors a reliable platform to invest in a reliable and efficient environment.
Ethiopian Investment Commission (EIC)
The Ethiopian Investment Commission (EIC) is a government institution established in 1992 to promote private investment, primarily foreign direct investment (FDI). The EIC is an autonomous institution accountable to the country’s Investment Board, which is chaired by the Prime Minister.
The EIC is committed to creating a conducive environment for investment in Ethiopia. It is working to improve the investment climate, streamline the investment process, and provide better services to investors. The EIC is also working to attract new investors and to expand investment into new sectors.
FSD Ethiopia
FSD Ethiopia is a development agency that aims to support the development of accessible, inclusive, and sustainable financial markets for economic growth.
Established in 2021, FSD Ethiopia works on identifying the underlying factors that contribute to financial system failures, enabling market participants to address these constraints and help build a functional and effective financial sector that contributes to economic growth.
FSD Ethiopia provides technical assistance, grants, and research insights to policymakers, regulators, and market actors to drive large-scale change in financial markets and support sustainable economic development. It works with public, private, and development partners in the financial sector to address critical system constraints to facilitate change that allows the provision of effective, transparent, stable, and inclusive financial systems. It provides tailored services to help diverse stakeholders achieve their goals and design interventions to make Ethiopia’s financial sector function effectively and inclusively.
About AFSIC – Investing in Africa:
AFSIC – Investing in Africa has become perhaps Africa’s most important annual investment event. The event is owned by Africa Events Limited. AFSIC is wholly focused on accelerating Africa’s economic emergence by matching investment opportunities in Africa transforming Africa’s business, trade and investment environment, growing Africa’s economy, reducing poverty, and increasing African incomes in all business sectors at a continental scale across all 54 countries in Africa.
African Investments Limited (www.africaninvestments.co), a sister company to Africa Events Limited, operates two multi award-winning digital platforms, the AFSIC African Investments Dashboard which matches investment opportunities to our global network of institutional investors and the Africa Business Opportunities Dashboard, which matches business, trade and investment opportunities across Africa covering all business products, sectors, countries in Africa and multiple business objectives. The digital platforms won the global 2022 Salesforce Partner Innovation Award for Financial Services.
The global online trading market has witnessed a remarkable upswing, fuelled by technological advancements and the widespread accessibility of the internet. This surge in popularity and increase of the global market size to USD9.32bn in 2022 has been instrumental in democratising investment opportunities, enabling individuals from various corners of the world to partake in online trading.
Based on a comprehensive analysis conducted by Grand View Research in 2020, the global online trading market showcased a valuation of approximately USD15.47 billion in 2019. Notably, this market has been on an upward trajectory, with a projected compound annual growth rate (CAGR) of 9.7% from 2020 to 2027.
With the advent of user-friendly platforms and cost-effective trading options offered by numerous online brokerages, retail investors are increasingly recognising the potential of online investing. This realisation has ushered in a new era of financial inclusion, empowering individuals to take charge of their financial futures.
A closer look at the African Market
Within the realm of online trading, Africa emerges as a market of untapped potential, poised for remarkable growth, as highlighted by the latest quarterly report from Finance Magnates.
While developed markets face saturation due to aging populations, Africa’s online CFD trading market is experiencing significant upward momentum, primarily due to a high youth population ratio, high mobile penetration, and technological improvements. Notably, the continent boasts the presence of the world’s five fastest-growing economies, with Nigeria leading the charge, fuelled by its population of over 200 million.
Even a modest conversion of just 1% of the population into online traders would yield an impressive 200,000 active traders. To put this into perspective, the number of active CFD/forex traders in the United States currently hovers around 200,000, and in Germany, it reaches approximately 100,000.
Africa’s vast growth potential and evolving regulatory landscape makes it a desirable destination for global expansion, with several reputable players such as Admirals steadily moving into Africa.
The Impact on Emerging Markets
Emerging markets are reaping a multitude of benefits from the rise of online trading, which is transforming their financial landscapes in significant ways. One prominent advantage is the enhanced accessibility and financial inclusion it brings. Online trading platforms have opened doors for individuals who were previously excluded from traditional investment opportunities, empowering them to participate in global markets.
Additionally, online trading enables investors in emerging markets to diversify their investments beyond local markets, reducing dependency on a single economy and thus spreading risk.
Moreover, lower costs and fees associated with online trading make it more affordable for individuals in these markets to engage in trading activities. Furthermore, the impact of online trading goes beyond personal finance, contributing to economic growth, job creation and the establishment of new businesses.
This growth, in turn, generates employment opportunities across various sectors such as finance, technology, and customer support services. Overall, the benefits of online trading in emerging markets extend far beyond financial gains, driving inclusive growth, fostering economic stability, and creating avenues for prosperity.
Embracing Challenges and Opportunities within the African Market
While the African market showcases immense growth potential, it is not without its fair share of challenges, setting it apart from more developed markets. One significant headwind is the presence of political instability, which can create an uncertain investment environment.
Additionally, currency fluctuations pose a risk, making it crucial for investors to carefully manage their exposure to mitigate potential losses. Moreover, the higher levels of risk associated with investing in emerging markets can impact investor confidence, requiring a cautious approach and thorough risk assessment.
Navigating Africa’s often complex and variable regulatory landscape presents another potential hurdle. Whilst regulation across the African regions vary in terms of transparency and sophistication, most countries have been working to refine their regulatory frameworks to promote stability, transparency, and investor confidence.
Unlocking the Power of AI: From Threat to Empowerment
Artificial Intelligence (AI) has emerged as a formidable tool that empowers individuals in the realm of online trading, dispelling the notion of it being a threat. With the ability to process and analyse vast volumes of data, including market news, social media sentiment, economic indicators, and historical trading patterns, AI enhances decision-making processes for traders. By quickly extracting valuable insights from complex data sets, AI equips traders with a competitive edge, helping them make more informed and strategic investment decisions.
Furthermore, AI finds utility in customer support services through the deployment of chatbots, streamlining interactions and providing timely assistance to traders. Additionally, AI plays a crucial role in fraud detection, leveraging its analytical capabilities to identify suspicious patterns and safeguard the integrity of trading platforms.
However, it’s important to note that while AI provides valuable insights and assistance, its effectiveness is dependent on the quality of human input and requires human assessment for accurate decision-making. AI acts as an enabler rather than a replacement for online trading platforms, working in tandem with human expertise to optimise trading experiences and outcomes.
By embracing AI as a powerful tool, traders can harness its capabilities to navigate the complexities of the market, fostering growth and innovation within the online trading industry.
The Rise of Neobrokers: Navigating Innovation and Regulatory Oversight
A notable trend in the online trading industry is the emergence of neobrokers; app-based platforms that have gained traction among investors. Neobrokers represent a disruptive force, offering user-friendly interfaces and streamlined experiences. However, regulators closely monitor this development to ensure investor protection and mitigate potential risks associated with this innovative approach.
As neobrokers simplify access to markets and foster a more inclusive environment, they have the potential to encourage risk-taking behaviours among traders. This balance between innovation and regulatory oversight becomes crucial as regulators strive to strike a delicate equilibrium, ensuring market integrity and investor safeguards, while fostering innovation and accessibility.
The evolution of neobrokers is a fascinating development to watch within the online trading industry, and regulators remain vigilant in adapting to this changing landscape to maintain a fair and secure trading environment.
Additionally, the rise of AI and neobrokers presents new dimensions to online trading, empowering traders with advanced data processing capabilities and innovative platforms.
However, regulatory oversight remains crucial to ensure investor protection and maintain market integrity. By leveraging the benefits of technology, embracing regulatory developments, and fostering a balanced approach, the online trading industry is poised for continued growth, fostering financial inclusion, and transforming the way individuals participate in global markets.
In conclusion, the global online trading industry is undergoing a transformative phase, with remarkable growth and opportunities unfolding. Emerging markets, such as Africa, hold immense potential for expansion, driven by factors such as accessibility, diversification, lower costs, economic growth, and job creation.
London, 19 September, 2023: Specialist risk consultancy, Control Risks (www.controlrisks.com), and its economics consulting partner, Oxford Economics Africa (https://www.oxfordeconomics.com/), announced the launch of the eighth edition of their Africa Risk-Reward Index today, themed ‘Opportunity through adversity’.
The Africa Risk-Reward Index is an authoritative guide for policymakers, business leaders, and investors. The report details developments in the investment landscape in major African markets and delivers a grounded, longer-term outlook of key trends shaping investment in these economies.
The eighth edition of the Africa Risk-Reward Index is released at a time of geopolitical fragmentation and recent external shocks that will have a sustained impact on the African continent. African nations are contending with the lingering repercussions of the COVID-19 pandemic, disruptions in global supply chains due to the conflict in Ukraine, and a tightening of global financing conditions. According to Oxford Economics Africa, these factors have pushed GDP growth down from 5.4% in 2021 to 3.5% last year. Some of this weakness has persisted into this year, but Oxford Economics Africa anticipates a steady, albeit uneven, pick-up in economic activity in the next 12-18 months.
The report examines three key themes outlined below, summarising Control Risks’ and Oxford Economics Africa’s views on Africa’s trajectory in the year ahead.
The profits and pitfalls in polarisation
The report’s first theme is the impact of global geopolitical fragmentation on Africa. The conflict in Ukraine has upended the geopolitical landscape: Western countries are seeking alliances on their stance against Russia, while Russia is also looking to gain support for its efforts in Ukraine. Beyond the geopolitical heavyweights, other emerging geopolitical “middle powers” are taking an interest in Africa and its rich resource potential. As jostling for influence continues, the shockwaves from the conflict have rippled out in the form of macroeconomic uncertainty and higher inflation, deep anxiety over the interconnectedness of global trade and economic systems, and a desire among global geopolitical powers to distinguish friends from foes.
Conscious of their growing geopolitical stock, Africa’s largest economies are seeking to balance their desire for neutrality and their need for external financial support, while at the same time seeking to amplify Africa’s voice in global debates. But their attempts at non-alignment are coming under ever greater pressure. Companies will be required to navigate the resulting regulatory complexity arising from global polarisation, including competing regulatory regimes, sanctions and export controls, and growing scrutiny on companies’ supply chains.
African-led security interventions
A collateral effect of the polarisation mentioned above is the upswing in African-led security interventions, which make the report’s second key theme. Global attention is split as the conflict in Ukraine continues, the US-China competition heats up, and countries in the Global North are increasingly focused on their domestic political concerns. The perceived inability of external forces to aid in bringing lasting security is leading African governments and institutions to gradually take on a greater role in responding to security crises on the continent.
“These changes in tackling insecurity will present challenges for policymakers and businesses in Africa in the coming years. Businesses will be forced to navigate a more complex operating environment where military force, regional competition, and political and business interests are intertwined”, said Patricia Rodrigues, Associate Director at Control Risks. It will require careful monitoring of rapidly evolving security dynamics, and heightened efforts to maintain neutrality and avoid the potential reputational fallout. Operators working in conflict zones will also potentially have to navigate interactions with foreign or private military forces.
Financing for the future
We anticipate that increased geopolitical competition will in the longer term translate into new opportunities for African countries, as geopolitical powers seek to extend their influence through financing and investment. However, in the short term, African economies will continue to contend with challenging economic environments, and this will deter the more risk averse investors. Rising inflation and supply-chain constraints have exposed the continent’s imbalances and economic fragilities.
“The Russia-Ukraine conflict and a tightening in global monetary conditions have unnerved international investors. This has raised concern that economic development on the continent might pause or even regress. One area where this has not been the case is financial services, and more specifically, the expansion of access to financial services through innovation,” said Jacques Nel, Head of Africa Macro at Oxford Economics Africa.
While foreign investors have somewhat retreated to the perceived safe havens of advanced economies, home-grown African champions are emerging to fill this funding gap and are steadily consolidating their dominance in Africa’s financial services industry. The continent still has a long way to go to reach financial inclusion to the extent seen in more advanced economies. However, financial institutions from regional economic powerhouses South Africa, Egypt, Nigeria, Morocco, and Kenya are stepping in to help bridge access and inclusion divides.
While the sector is likely to remain attractive for investors, there are still significant risks, including exposure to governance issues, fraud, cyber threats, vulnerability to terrorism financing, and growing international scrutiny of illicit financial flows.
Methodology
The Africa Risk-Reward Index is defined by the combination of risk and reward scores that integrate economic and political risk analysis by Control Risks and Oxford Economics Africa.
Risk scores from each country originate from the Economic and Political Risk Evaluator (EPRE), while the reward scores incorporate medium-term economic growth forecasts, economic size, economic structure, and demographics.
The Nebraska-Ghana Trade and Investment Program and Husker Harvest Days event, which saw the participation of twenty-two (22) Ghana Government officials and Private Businesses, has ended successfully in Lincoln, Nebraska.
The event, held from 11th to 14th September 2023, UNDER THE THEME – FACILITATING OPPORTUNITIES, has been described by participants as one of the most well-organized Trade and Investment Programs, which is poised to make significant impact, in establishing and building relevant and much needed partnerships.
Senator Ken Schilz, the Lead and Co-founder of Nebraska GhaNeb LLC, expressed his satisfaction, with the quality of the Ghanaian delegates, their understanding of the sectors, in which they operate, and most importantly, their desire to establish long term and profitable business partnerships.
Both GhaNeb LLC and Agrihouse Foundation have positioned ourselves to support to facilitate the opportunities and relationships, that have been established.
We are confident, that creating this platform will help businesses expand their operations and contribute to economic development of both Nebraska and Ghana. Senator Schilz added.
Speaking to some participants, Cecil Sunkwa-Mills of T & C Farms, said, what stood out for the me, was the Business Presentations, where they learnt from the various Nebraska State legal practitioners, policy makers and farmers on focused issues, that addressed, the Legalities of Doing Business in Nebraska, Regenerative Agriculture, Digital Marketing for Retail Sales and Data Mining.
Dr. Solomon Gyan Ansah, the Director of Crop Services at the Ministry of Food and Agriculture, expressed his deep admiration for the extensive array of machinery and equipment utilized by farmers in Nebraska. He noted that these advanced tools have significantly contributed to enhancing crop productivity in the region.
The Chairman of the Ghana Federation of Livestock Inter-Professionals (GHAFLIP), Alhaji Akakade Moro, also shared similar sentiments about the event. Describing it as not only insightful but also an eye-opener to the agricultural sector in Ghana.
The delegates, who also met with leaders of Kreikemeier Farms, Lincoln Premium Poultry, RWH Energy, EZ Politix, Sandhills Global and Certified Piedmontese, expressed their satisfaction with the detailed business discussions, they had.
‘’We have together identified areas of Trade collaborations. There are meaningful technologies and enhanced equipment, that we will need. Talks and negotiations have already begun, and we are hopeful to seal some deals soon’’. Mashud Mohammed, Ghana’s 2021 National Best Farmer added.
A pivotal highlight of the program for the Ghanaian delegates, was the visit the Husker Harvest Days event grounds, the renowned and illustrious showcase, acclaimed as the largest irrigated agriculture exposition in the United States.
All the delegates spoke about the positive interactions they had with Exhibitors and vendors, their appreciation of cutting-edge technologies. They are positive of future collaborations.
The delegates also had the opportunity to meet with Southeast Community College and Nebraska State University, who are looking at having Ghanaian students, enrol in their institutions in the immediate future.
Alberta Nana Akyaa Akosa, the Executive Director of Agrihouse Foundation, enthusiastically expressed her excitement about the impactful and meaningful partnership, Agrihouse Foundation, has established with GhaNeb LLC, which has made the organizing of the 1st Nebraska-Ghana Trade and Investment Program possible.
I am excited about the future and the important role, we are playing with GheNeb LLC, in facilitating these relationships established. I am happy we have showcased our potential to support in driving innovation and growth in the agricultural sector, creating new avenues for both regions to prosper, she added.
“The partnerships formed during this program are not just agreements on paper; they represent the fusion of expertise, resources, and visions from two different regions. These collaborations will drive innovation, promote sustainable practices, and ultimately contribute to the growth of our agricultural sectors. It’s incredibly exciting to witness the potential these partnerships hold for both Ghana and Nebraska,” stated Mad. Alberta.
This symbolizes the collective commitment of both GhaNeb LLC, Agrihouse Foundation, and the participating regions to work hand in hand in augmenting the agriculture value chain.
The Ghanaian delegation who participated in the 1st Nebraska-Ghana Trade and Investment Program and experienced the Husker Harvest Days included; Hon. Yaw Frimpong-Addo, Deputy Minister of Food and Agriculture (Crops), Mr. Fifi Fiavi Kwetey, General Secretary of the National Democratic Congress, representing former President John Dramani Mahama.
The rest were, Dr. Ansah Solomon Gyan, Director of Crop Services at the Ministry of Food and Agriculture, and Michael Kofi Akoto, Trade Promotion and Commercial Officer at the Embassy of Brazil, Mr. Mohammed Mashud, Chief Executive Director of Cudjoe Abimash Farms, Nana Osuman Abdulai, Managing Director of A.N.O Enterprise/Nana Atta Akara Co. Ltd, Al-Ayadi Fares Mohammed Khear, Irrigation Service Manager at Interplast and Alhaji Akakade Moro, Chairman of the Ghana Federation of Livestock Inter-Professionals (GHAFLIP).
Others included, Mashud Mohammed, Operation Manager at Agripower, Dorothy Opoku, General Manager of Agricultural Manufacturing Group Limited, Kwabena Danquah, General Manager of Operations at Agricultural Manufacturing Group, Seidu Abubakar, Project Specialist for Commercial Agriculture at Savannah Zone Agricultural Productivity Development Project (SAPIP), and Sunkwa-Mills of T&C Farms.
Fidelity Bank’s Head of Agribusiness, Patrick Opoku, and Real Estate Investors Monica and Collins Atta Oteng, of Collinmon Investment Limited, were also present.
Cairo, 1Sep. 2023: – The African Export-Import Bank (Afreximbank) signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market.
The Cooperation Agreement, signed between Afreximbank and the UAE Trade Center on the sidelines of the Intra-African Trade Fair (IATF2023) Press Conference and B2B Meetings in Dubai United Arab Emirates (UAE), provides for the two institutions to commence harmonisation of their efforts in various areas of collaboration to support the TRADAR Club objectives.
The agreement was signed by Ms. Lizanne Case, Head of Trade Intelligence Solutions on behalf of Afreximbank, while Mr. Walid Hareb AlFalahi, Chief Executive of the UAE Trade Center signed for his organisation.
The Afreximbank TRADAR Club, launched recently as a prestigious member-driven network, empowers international businesses and executives to transform trade and investments in Africa through trusted trade intelligence and advisory services. It delivers innovative digital tools and networking opportunities, helping its members to discover new markets; grow their businesses; save time; access dedicated expert support; post and respond to new business opportunities; network; meet business/trading partners; and more.
To propagate the solution in the market, Afreximbank is establishing strong relationships with a wide variety of partners. Under the terms of the cooperation agreement with the UAE Trade Center, the two institutions will collaborate in such areas as inter-institutional cooperation; provision of business-oriented information to facilitate trade and investment; business matchmaking; grants; technical assistance; and capacity building, among others.
The agreement is expected to facilitate greater interaction by allowing for the sharing of ideas and discussion of common problems for the purpose of improving relationships and cooperation among members.
TRADAR Club will serve as an information pool assisting the exchange of reliable trade information, trade policies, customer databases, research reports, expert analysis, directories of African investment information, rules and regulations, general updates on statistics, business data and investment incentives, among others. TRADAR Club members will also be invited to trade and investment missions and exhibitions.
Natural resources rich Africa’s continuous growing economic competiveness within the context of a globalized economy, has for decades attracted and continues to attract international investor attention.
Africa’s Unique Selling Points
Aside accounting for over 60 percent of the world’s total arable land served with more than abundant surface and ground water resources,the continent also holds a huge proportion of the world’s natural resources, both renewables and non-renewables. In addition, the continent is home to some 30 percent of the world’s mineral reserves with particular reference to critical minerals needed for powering electric vehicles, eight per cent of the world’s natural Gas and 12 percent of the world’s oil reserves.
Africa’s population as a whole is very young, with 60% of the entire continent aged below 25, making it the youngest continent in the world, in relation to its population makeup. All of the world’s top 10 youngest countries by median age are in Africa and household incomes and consumption are projected to rise.
Share of World’s Fastest Growing Economies.
Africa has some of the fastest-growing economies in the world, African nations are playing an increasingly significant role in the global economy.
Africa’s pre-Covid-19 top five performing economies are projected to grow by more than 5.5% on average in 2023-2024 and to reclaim their position among the world’s 10 fastest-growing economies. These countries are Rwanda (7.9%), Côte d’Ivoire (7.1%), Benin (6.4%), Ethiopia (6.0%), and Tanzania (5.6%).
Returns On Investments
A report by the UN Conference on Trade and Development states that between 2006 and 2011, Africa had the highest rate of return on inflows of Foreign Direct Investment: 11.4%. This is compared to 9.1% in Asia, 8.9% in Latin America and the Caribbean
According ECA sources, the African continent could become the most profitable region in the world for foreign direct investment (FDI), with a rate of return of 14%, compared to a world average of 7.1%.
Some popular sectors for investment include primary agriculture and agro processing, mining, oil and gas, real estate, technology, tourism and hospitality and infrastructure. The mining industry in Africa is a major contributor to the continent’s economy, with abundant deposits of precious metals and minerals.
African policy makers believe FDI can help to provide technology, marketing and management skills, make up for domestic capital shortfalls, generate both efficiency and technology transfer in local firms, and facilitate access to foreign markets
The importance and relevance of Africa’s leading global Investment event, “Investing in Africa” could therefore be best appreciated against this background.
Scheduled to take place from the 8th-10 October,2023 in London, UK, the event seeks to draw over 1,500 delegates worldwide. In participation are thirty-two (32) African countries, thirty-six (36) other countries five hundred and ninety-nine (599) African delegates, six hundred and fifty-nine (659) delegates from other countries, three hundred and forty-one (341) Speakers and Chairs, twenty-seven (27) Media Partners, fifty-two (52) Sponsors and thirty-five (35) networking stands.
The Managing Director, Rupert McCammon in an interview earlier this year noted that, AFSIC now in its 10th year, is believed to be the largest African investment event taking place annually outside Africa and has become one of the most important conduits of investment into Africa.
Over the past ten years AFSIC, Mr. McCammon intimated, has been entirely focused on bringing together Africa’s business leaders and Africa’s most interesting investment opportunities with the continent’s most important investors and dealmakers to facilitate new investment into Africa.
Wide ranging support from exceptional partners and sponsors AFSIC, over the past ten years, he noted, has led the way in profiling investment opportunities from Africa and providing an excellent forum and associated platforms to showcase these opportunities to investors.
AFSIC is a conference that is very focused on networking and delegates attend year on year as they feel the variety of interactions and the superb content delivered all contribute to getting deals done and investment secured.
Networking Opportunities
Supported and sponsored by some of the leading Africa-focused corporates, AFSIC 2023 will build upon the last ten years’ successes.
The AFSIC 2023 networking opportunities include: matchmaking sessions facilitated through the sophisticated Event and Meeting App which goes live one month prior to the event ,a networking exhibition with key sponsors and partners offering enhanced opportunities to meet with them, numerous sessions dedicated to meeting a wide range of representatives from investor groups including: DFI’s, Impact Investors, Private Equity Investors and Venture Capital Investors, the regularly sold-out Meet African Dealmakers event – this year to be jointly sponsored by the European DFIS,country investment summits focused on the fastest growing African economies with informal networking at the end of each session ,various evening social functions hosted by our partners and sponsors
Speakers and Panel events
The event is broken down into Industry Streams and this year these will include Advancing Agriculture, Building Africa, Banking on Africa, Fintech Innovation, Power Africa, Sustaining Africa and Informed Investing in parallel to country-focused investment summits and quick-fire sessions highlighting exceptional projects.
Speakers are from a wide pool of exceptional African business leaders who are looking to promote their Africa-focused company from an investment perspective as well as some of the leading institutional investors and dealmakers focused on driving investment into Africa.
AFSIC 2023 welcomes British International Investment, FSD Africa, Executives in Africa, 27Four, Icecap, RMB, Fitch Ratings, Bank One, Alpha Morgan, Benchmark International, Pearlbridge Capital Managers, Mitco, Carey Olsen, Proparco, FMO, NIDP and DEG to date and negotiations are still ongoing with many other exceptional companies who see the value of the association with AFSIC in October and the all year round exposure via the digital platforms.
The event media and partners are also critical in raising the profile of both our sponsors and the conference itself.
Digital Presence and Reach
AFSIC has exceptional digital reach with a network of over 140 000 mailable contacts including institutional investors, investment bankers & financial intermediaries, African business leaders, providers and executives. The Group’s 3 websites capture 7,5 million impressions annually with impressive top 10 SEO ranking for over 1600 keywords relating to business, trade and investment in Africa. In addition, AFSIC 2023, like AFSIC 2022, will have all content recorded and live streamed enabling AFSIC to have an exceptional Pan-African reach.
AFSIC Digital platforms
AFSIC boasts two award-winning digital dashboards focused on matching business, trade and investments opportunities across all African countries and all business sectors.
The Africa Business Community provides a vast network of African businesses, global businesses, government agencies and service providers. In 2023 AFSIC is working closely with Prosper Africa, a US Government initiative, to substantially enhance US-Africa trade.
AFSIC’s sophisticated matching algorithm ranks and matches business opportunities and “calls for business” posted on our Africa Business Opportunities Dashboard, allowing interested parties to connect through this free and open access platform.
There is also a closed AFSIC African Investments Dashboard which is catered to matching institutional investors and African companies seeking capital with investor-ready documents.
Expected Traction from Business Opportunities Posts
In 2022 over 2 million personalised business matching emails were sent and AFSIC database sees 30 000 new contacts joining annually, all with an interest in business, trade and investment opportunities across Africa and all business sectors.
AFSIC African Investments Dashboard has a network of 25 000 investors. AFSIC’s recommendation is that, all business opportunity owners make their descriptions as detailed and clear as possible to appear attractive to interested parties and investors.
Business Opportunities Dashboard versus AFSIC African Investments Dashboard
The Africa Business Opportunities Dashboard offers free registration, access and connections for all users using automated matching algorithms and individually customised e-communication strategies. The AFSIC African Investments Dashboard is a closed dashboard only viewable by registered investors and uploads are only available for high quality projects seeking equity, debt or hybrid investment capital. We also offer additional bespoke introduction services for our AFSIC African Investments Dashboard clients.
Country Investment Summits and Networking Sessions
AFSIC 2023 will offer country investment summits for the larger economies in Africa and these sponsored comprehensive summits will comprise: •a panel discussion led by in-country experts sharing their insights on how to successfully navigate the investment ecosystem in each country, Quick fire Pitch Sessions on specific investment opportunities across business sectors in each country, informal business networking to meet some of the countries’ business leaders, government representatives and investors Angola Nigeria Rwanda Egypt Morocco country networking.
Informal country networking sessions at AFSIC 2023 will provide delegates with an opportunity to meet other interested investors and in-country experts to discuss the investment climate
Raising capital for your own fund?
AFSIC provides opportunities for fund executives to attract investment into new funds through introductions to Fund of Fund, DFI, SWF Investors can share their funds’ metrics, mandates and past performance through formal presentation sessions, investor panels, formal and informal networking sessions and B2B meetings supported by the AFSIC African Investments Dashboard digital database of investment opportunities and the sophisticated Event and Meeting App
By promoting investments in Black-owned businesses, the Global Black Impact Summit will unleash a wave of economic equality and societal transformation, heralding a new era of diversity and inclusion in the business world
DUBAI, United Arab Emirates, August 18, 2023/ — As the world increasingly acknowledges the importance of fostering diversity, equity and inclusion, the Black Impact Foundation’s Global Black Impact Summit (GBIS) (https://GlobalBlackImpact.com/) – which is organized by Energy Capital & Power (https://EnergyCapitalPower.com/) – emerges as a beacon of change.
With an unyielding focus on economic growth, wealth disparities and generating opportunities for Black communities, investing in Black-owned businesses takes the spotlight as a powerful catalyst for societal advancement.
By magnifying the significance of investing in Black-owned businesses, GBIS will reshape the business landscape into one that embraces inclusivity, advances communities, and drives sustainable economic progress.
Anticipate a multitude of exciting offerings at the GBIS: Championing Growth – The summit rallies entrepreneurs, investors, and leaders to promote economic growth, wealth equality, and opportunities for Black communities.Powerful Catalyst – Investing in Black-owned businesses takes center stage as a driver for societal advancement and sustainable economic progress.
Global Venue – GBIS takes place in Dubai, from November 30 to December 1, offering a prime platform for global engagement and networking.Resourceful Collaboration – Hosted by the esteemed Black Impact Foundation (BIF) and organized by Energy Capital & Power, GBIS connects stakeholders for impactful collaborations.Informative Sessions – Through panel discussions, workshops, and presentations,
GBIS equips Black individuals and companies with valuable insights on financial markets, investment strategies, profitability, and business management.Brand Showcasing – GBIS provides Black-owned businesses unique opportunities to promote and showcase their brands to a global audience, boosting brand awareness.Networking Hub – Unparalleled networking opportunities abound, from cocktail receptions to investor-led lunches, fostering connections across the global economy.Investor-Entrepreneur Confluence –
The event not only provides a platform where leaders and innovators can meet but facilitates opportunities for dialogue and deals. GBIS is committed to shed a spotlight on investing in the global Black community, and through the event’s global focus, will ensure entrepreneurs have access to both resources and capital.Encouraging Insights
Participants gain valuable knowledge and tools to drive meaningful change and realize the immense potential within Black-owned businesses.Advancing Diversity and Inclusion.
Together, attendees promote diversity, inclusion, and prosperity for all, leading the way in a vital global conversation. Collectively, participants champion the values of diversity, inclusion, and shared prosperity, taking a leading role in a crucial global dialogue.
Together, we can drive meaningful change, promote diversity and inclusion, and create a prosperous future for all. Don’t miss this chance to be at the forefront of this important global conversation.
To secure your participation at this important, high-level event, register now at www.GlobalBlackImpact.com. Distributed by APO Group on behalf of Energy Capital & Power. SOURCE Energy Capital & Power
