The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to companies that have paid close attention to the continent and invested there. The fast growing youth population, the urbanization expected to drive over 50% of Africans to cities by 2050, and Africa’s formalizing economy are all well known. These trends and other developments have driven a half century or more of growth in Africa, and will continue to do so.
Research reports and studiesJanuary 2020 Maximiliano Mendez-Parra, Sherillyn Raga and Lily Somme
This report highlights the opportunities and challenges facing UK firms when investing or conducting business in Africa, with a particular emphasis on the non-extractive sector. It highlights the mutual benefits for Africa, in terms of economic transformation and growth, and for the UK, in diversifying investments in rapidly expanding markets. The study draws from data on UK investments in Africa, and information provided by more than 75 UK companies operating in Ghana, Kenya, Nigeria and South Africa.
Somalilandsun:”Asoko Insight is facilitating a deal room for the Department of International Trade (DIT) of the UK government to put African companies in touch with British investors.
The digital DealRoom will take advantage of Asoko’s unique data acquisition model and unrivalled corporate database of over 100,000 private African companies to support the UK’s partnership with Africa to build a secure and prosperous future for all our citizens.
This digital deal room launched at the UK-Africa Investment Summit. You may read more about Asoko’s partnership with DIT here: https://www.africa-newsroom.com/press/asoko-launches-department-for-international-trade-dit-dealroom-at-the-forthcoming-ukafrica-investment-summit?lang=en
Somaliland sun: On 20 January 2020 the United Kingdom hosted the U.K.-Africa investment summit in London. The summit, attended by Prime Minister Boris Johnson and 21 African leaders, focused on the U.K.’s post-Brexit trade and investment relationship with African countries.
While several investment deals were announced on the sidelines of the summit between the UK and African economic powerhouses like Kenya and Nigeria, the yet to be recognised Somaliland wasn’t officially at the table, though numerous local bodies had their sights on outcome.
Somalilandsun-DP World, the United Arab Emirates-based maritime conglomerate, has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route.
This announcement follows an agreement that was signed by DP World and the Somaliland Port Authority in Dubai on March 1, 2018.
DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%.
The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country of Somaliland, which is one of the fastest growing nations in the world.
Somalilandsun- We will endeavor to attract such opportunities and encourage investment from individuals, philanthropist foundations and corporate companies.
This was stated by the CEO Guul Group Guleid Harun Ibrahim during a training the consultancy firm conducted in partnership with the ministry of Investment for prospective applicants to the Tony Elumelu Foundation’s TEF 2018 Entrepreneurship grant.
In attendance was the DG of Ministry of Investment Ahmed Abokor Mohammed and Director of Investment Mohammed Saleban Ilmi as well as the over 30 prospective beneficiaries of TEF 2018.
The training was held at the Investment ministry conference hall in Hargeisa
Stressing that applicants from Somaliland and Somalia were not limited to those present at the short training the Guul Group boss said the purpose was to see to it that knowledge applications are submitted thence a fair chance of competing with thousands of other Africans applying.
DP World signed a US$442 million agreement with the Government of Somaliland to develop and operate a regional trade and logistics hub at the Port of Berbera. Pawan Singh / The National
A Somaliland government minister is in the UAE to drum up investment for power projects to stabilise the self-declared state’s precarious economy where energy costs are among the highest in the world.
The self-governing region which broke away from Somalia in 1991 is seeking to build on its relationship with Gulf nations to improve its infrastructure following the election of a new president last year.
Hargaysa(HWN):-Munaasibada lagu daah-furayey mashruuca maal-galinta fikradaha ganacsiga oo ay wado shirkad uu leeyahay maal-qabeen afrikaana oo la yidhaahdo Tony Elumelu Foundation ayaa maanta lagu qabtay hotelka Ambassador ee Magaalada Hargaysa.
Mashruucan maal-galineed oo loogu talo-galay dadyowga afrikaanka ah ee leh hal-abuurka ganacsiga ayaa socon doono muddo toban sannadood ah oo saddex ka mid ahi ay dhamaadeen, waxaana lagu maal-galin doonaaa lacag gaadhaysa 100-milyan oo dollar ,iyadoo looga go’leeyahay in ay ka faaidaystaan dad gaadhaya toban kun oo qof oo la rabo in ay iyaguna sii shaqaaleysiiyaan dad gaadhaya hal milyan oo qof oo ku nool qaarada afrika oo ay Somaliland-na ku jirto
By: Baby Guul
HARGEISA (Somalilandsun) – Guul Group is inviting prospective investors from all over the world, who would like to be part of the initial phase of sustainable investment in Somaliland’s young economy that is currently exhibiting great potential in a number of industries; Agriculture, Banking, Energy, Fisheries, livestock, Minerals, Salt and Services.
The government’s commitment to creating a business enabling environment which encourages innovation & fosters local and international linkages to expand market opportunities, while protecting investor assets is a huge step for Somaliland; with a mission to proactively seek, attract, facilitate and retain productive foreign investment in line with the national investment priorities & National Development Plan (NDP)
Somalilandsun – Somaliland has plenty and unexploited locally available resources and encourages local and international investors to exploit these resources. The state has sufficient human resource that can be utilized. Somaliland government has laws in place for the promotion; protection and guarantee of foreign investment.
Guul Group, a commercial conglomerate that runs a range of services – from agro-processing to transport and logistics, construction, fisheries, import/export, and business consultancy is the best bridge to business and investment in Somaliland. Guul Group provides specialist complementary; conduit, consulting, contracting and facilitation services delivered using effective, world-class communications tools.