African Export-Import Bank
Significant strides have been made in financial sector compliance among African countries, with governments implementing necessary reforms. This progress has enabled several countries to be removed from the Grey List, subsequently attracting increased foreign direct investment. Uganda is one of the countries making notable strides in compliance regarding financial sector
Banks (Finance)
Mumbai-based RBL Bank, one of India's private sector lenders, is anticipating its proposed share purchase deal with Emirates NBD to be completed within the next 5-8 months. The deal, valued at $3 billion (Rs 26,850 crore), will be the largest foreign direct investment in India's
Foreign banks
The deal, announced just weeks after Japan's Sumitomo Mitsui Banking Corp bought a 24.2% stake in Yes Bank, signals the central bank's greater comfort with foreign banks investing in local financial institutions. RBL Bank Ltd, a Mumbai-based private bank, expects to secure regulatory approvals within
Foreign banks
The deal, announced just weeks after Japan's Sumitomo Mitsui Banking Corp bought a 24.2% stake in Yes Bank, signals the central bank's greater comfort with foreign banks investing in local financial institutions. RBL Bank Ltd, a Mumbai-based private bank, expects to secure regulatory approvals within
Foreign direct investment
Tanzania is steadily establishing itself as a crucial hub for trade and investment in Africa, driven by improved infrastructure, homegrown innovations, and a growing private sector. The country's logistics backbone is evolving, enabling goods to move efficiently within the country and across borders. According to the United Nations
Economic growth
Six major factors enable economic growth and development in a nation. These include available resources, innovations, external influences, leadership, fiscal policy, and monetary policy. The optimisation of resources is crucial for economic growth, while innovations enable a country to compete globally and attract foreign investments. Effective leadership is essential in
International trade
African countries have been encouraged to prioritize collaboration to enhance intra-African connectivity, which is believed to unlock economic potential, improve living standards, and foster a more integrated and prosperous continent. The African Continental Free Trade Area (AfCFTA) and other initiatives, such as the Single African Air Transport Market (SAATM) and
International trade
In recent months, Sultan Haitham bin Tarik has led a notable wave of diplomatic engagement, marked by official visits to countries such as Belgium, the Netherlands, Russia, and Algeria, aiming to bolster Oman's strategic, political, and economic interests. These efforts reflect a broader ambition to expand Oman'
Economic growth
The 15th National Assembly convened its Q&A session on June 19, with key figures in the government addressing critical issues affecting Vietnam's socio-economic growth. Minister of Finance Nguyen Van Thang emphasized the importance of stimulating traditional growth drivers and introducing new momentum for development. The session
Economic growth
Foreign direct investment (FDI) to developing economies has dwindled to the lowest level since 2005, posing a significant threat to global efforts to mobilise financing for development. According to a 20-year study by Impact News magazine, FDI flows into developing economies have slowed to a trickle due to rising trade
Economic growth
Foreign direct investment (FDI) to developing economies has reached a record low, with inflows dwindling to just $435 billion in 2023, the lowest level since 2005. This decline is largely due to rising trade and investment barriers, which pose a significant threat to global efforts to mobilize financing for development.
Economic growth
New research from the World Bank reveals that foreign direct investment (FDI) flows into developing economies have reached the lowest level since 2005, posing a significant threat to global efforts to mobilize financing for development. In 2023, developing economies received just $435 billion in FDI, a share of their GDP
