Some regional investors who have been investing in Egypt include names like BECO Capital, MEVP, Raed Ventures, 500 Startups, Oman Technology Fund and Silicon Badia. This might be true from their perspective, yet for the current generation of descendants from those who have been sold into slavery, it was good to hear an African leader show some backbone. Based on IMF predictions, Egypt will be one of only 18 countries to enjoy economic growth in 2020 (revised upwards to + 3.5% in September after a June forecast of 2%). The retail sector has the highest number of inbound transactions in Ethiopia, two in all. Watch Queue Queue. The Egyptian experience was praised by all international institutions and is presented as the example for developing countries to follow. Eritrea made most investments into the country, with two transactions in 2020.Tigray Ethiopia’s acquisition by Yanchang Petroleum of Hong Kong for USD1 million was the sole transaction with a disclosed deal value. But I’ve never seen anything that generates so many poor responses. Conversely, Engineers & Planners Co Ltd’s acquisition of Cardinal Resources Ltd in Australia for USD 439 million was the top outbound transaction for H2 and FY 2020. This included a successful Series B round in 2020 – raising $8 million – led by UAE-based VC firm Global Ventures and Algebra Ventures. Egypt’s Investment Law was amended to attract more foreign investors. 1) Vast market, thanks to a large (100 million) and young (average age 25) population, which is expected to reach 160 million by 2050. The number of transactions dropped by 6% to 186 deals in H2 2020, and the value of the deals shrunk by 36%, down to USD4.9 billion from H2 2019. The Bottom-Line. After Brexit, big African investors in the United Kingdom and countries in the European Union will continue to target African sectors, hoping to capitalise on new economic partnership agreements, and the launch of free trade in Africa. This Is Egypt - هى دى مصر - Это Египет - Esto es Egipto - Dies ist Ägypten - Questa è l'Egitto - Duration: 2:48. Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. With respect to free zones, they are established in Egypt by virtue of a Law. The materials sector was the top target for inbound and outbound deals in H2 2020 and FY 2020. Since the Law is completed and interpreted by its Executive Regulations, it becomes practically enforceable upon the latter’s issuance. Covid-19 may be the cure (Pt. My Tamimi App, a convenient new tool for anyone with an interest in the legal sector, from law students to General Counsel. Blog. An Africa strong and performing, transforms your position, your status here in Europe”. Egypt Sherrod listed 30 reasons why moving to Georgia is a great decision to make. Our knowledge, experience, and expertise are now available on the go. For those who have capital, there are plenty of bargains to be had in Africa in the next few years, particularly in those sectors that have been badly affected by the pandemic, as well as in those industries where demand has dramatically increased,” he notes. Approximately 8% of the world’s maritime … The majority of the deals were inbound and cross-border in nature, with seven deals in total in 2020, six of which were announced during the first half of 2020. In these circumstances, no further procedures are required in order to procure the land/property after the issuance of such decrees. Top Reasons to Invest in COMESA. This is due to existing favourable conditions in the country, such as having an open economy, good infrastructure, a supportive business environment and the ability to quickly ramp up its intracontinental exports. WHY INVEST IN THE EGYPTIAN CONSTRUCTION SECTOR Knauf’s Experience: A “How To” For Foreign Companies In Egypt A German family-owned company identified Egypt as a profitable market back in the late Nineties. Cross-border transactions contributed a huge portion of M&A activity in Ghana, recording a total deal value of USD793 million for both H2 2020 (seven deals) and the full year 2020 (nine deals). From individual projects, to industries, to the whole economy. The Nigerian CABOTAGE ACT and the Oil & Gas Industry: Issues and Policy Recommendations, Egypt records highest investment rate in petroleum sector by $30B, Three African-American Female Engineers Who Changed Our World, Gebeya Inc. Launches App to Accelerate Access to Job Opportunities and Skilled Talent on the Continent, IWD2021: BAO 20 African Women Choosing To Challenge The Status Quo, Coronavirus and Societal Inequality- Nonny Ugboma. 24) Ranked the eighth-safest country in the world, according to a Gallup Global Law and Order report, ahead of all European countries except Norway and Switzerland. Seven years ago, the Egyptian government adopted a long-term strategy to boost the performance and economic attractiveness of the country. China’s acquisition of the Bibiani Gold Mining Project via Chifeng Jilong Gold Mining Co for USD 109 million was the largest inbound deal in H2 and FY 2020. مؤتمر فرص التجارة والاستثمار بين مصر والإمارات. When doing so, we need to keep in mind that Africa is a unique environment. As we have admonished a few times now; Africa should think BIG. 1/ A large and young population Egypt is one of the highest population densities and ranked 15 internationally and third in Africa. Author: Nadim Samna, Managing Partner at Stratexis, ARM Holding Company Lists 6 Mutual Funds on Cowrywise, Identifying the right venture capitalist for investment: The do’s and dont’s, Baller Syndicate: Building Europe’s First Elite Athlete Angel Syndicate And Exploring Africa, African Farmers Stories: Oke-Aro Pig Settlement Faces Losses From Disease, Cornerstone Partners focused on black and diverse businesses invest £170,000 in Coordinate Sport, DHL Express acquires a stake in Link Commerce, a commitment to growing African e-commerce, Your email address will not be published. The Law does not provide a maximum term limit for a residential visa. David Buttress commented: “elmenus’ exponential growth this past year has been quite remarkable. The government exerted remarkable efforts to have the new Investment Law (no.72 of 2017) promulgated.