Kenya will in less than a week play host to a large delegation from the United States of America attending the Sixth Global Entrepreneurship Summit.
The launch of the Power Africa initiative aimed at helping the continent double access to electricity.
Like most of the world, Ethiopia is actively competing for foreign direct investment (FDI). Any fair observer has to admit that Ethiopia has done much over the last several years to improve itself as an attractive location for someone to relocate a factory, open a company or in general invest.
With more African economies recording impressive economic growth and the consumer space expanding on the continent, more investors are becoming aware of Africa’s growing economic strength.
From 2009 to mid-2014, times were pretty good for African oil exporting countries, like Nigeria, Angola, Algeria, Libya and others. The price of oil surged $130.
Investors in Africa are increasingly buying a big-picture story of progress towards a formal and regulated economy with stable politics, the rule of law, independent central banks and stricter accounting rules.
A recent study produced by Global Financial Integrity (GFI) estimates that $286 billion worth of capital was extracted out of Africa using this process over the past decade.
China has become the major development partner of sub-Saharan Africa. It is now the subcontinent’s largest single trading partner and a key investor and provider of aid. In 2013,