Morocco lured USD 3.5bn worth of FDI inflows in 2013, marking a robust 24% growth and ranking first in North Africa, the United Nations Conference on Trade and Development (UNCTAD) said in its latest annual report.
The UN agency, however, underscored that persistent political and social tensions continued to subdue FDI flows to North Africa in 2013. The UNCTAD was upbeat on the region’s prospects in 2014 saying that there are signs that “investors are ready to return to the region, with many big cross-border deals targeting Egypt.”
Global foreign direct investment (FDI) flows increased 11% to an estimated USD 1.46tn, a level comparable to the pre-crisis average, the UNCTAD said. FDI flows could rise further in 2014 and 2015, to USD 1.6tn and USD 1.8tn, respectively, as global economic growth gains momentum, the UN agency forecasts.
Egypt’s Ministry of Petroleum and Mineral Resources signed three agreements on September 14 – with UAE-based Dragon Oil, and French independent Perenco Egypt and its US peer Apache Egypt ... more
The Egyptian government plans to attract EGP 252.8bn ($5.2bn) in investments to the manufacturing sector for FY 2025/26, Economy Plus reported on September 3, citing the country’s Minister of ... more
Egypt is set to receive the first tranche of $500mn from the International Monetary Fund’s (IMF) Resilience and Sustainability Facility (RSF) before the end of 2025, Asharq Business reported on ... more