Botswana, Rwanda, and Ghana were recently named among the top 10 countries in the world to invest
Reposted from eNCA
Three African countries have been listed in the top ten of the 102 best places in the world to invest.
A report by the US think tank, Foreign Policy has ranked countries by their attractiveness as investment destinations. Southern Africa’s Botswana, East Africa’s Rwanda and West Africa’s Ghana have all been listed among the 10 best places in the world to invest. This is based on the ease of doing business, the return on investments and the stability of the country. In first place on the continent and second globally is Botswana. More…
Fishery exports from processing plants like the one above are expected to surge
Reposted from The Myanmar Times
By Aye Thidar Kyaw
Local exporters are scrambling to take advantage of Myanmar’s new access to the European market, with dozens of executives from the agriculture, manufacturing and fisheries industries gathering for a two-day seminar last week to learn how to ensure their products meet EU standards.
Daw Khine Khine Nwe, joint-secretary general of Union of Myanmar Federation of Chambers of Commerce and Industry – which organised the seminar on May 2 and 3 – pointed to Cambodia to show how preferential access to the EU could benefit exporters. “Cambodian officials say their export volume to EU countries increased about 66 percent since it received GSP access. We should try to do the same,” she said.
Federation president U Win Aung was more cautious, saying catching up with competitors would take time because Myanmar’s economic reform process was far from complete. New laws and policies are required, he said. More…
FGVH has been invited to adopt its model on oil palm cultivation in PNG
Reposted from the Star Online
By Wong Wei-Shen
PETALING JAYA: Felda Global Ventures Holdings Bhd‘s (FGVH’s) potential foray into Papua New Guinea (PNG) is positive news because investors have been waiting for the company to put its money to use, analysts said.
A bank-based research analyst said the price had to be reasonable and FGVH also needed to carry out its due diligence properly.
On a longer-term basis, the move into PNG would contribute to growing FGVH’s asset base, which would eventually contribute to its earnings, the analyst said. More…
Fiji and PNG recently signed an agreement to boost trade and investment in both their economies
Reposted from Fiji Broadcasting Corporation
By Mika Loga
Papua New Guinea’s Trade Minister Richard Maru has reaffirmed his government’s commitment to Fijian businesses wanting to set up in the country.
Maru says they want Fiji to assist PNG in developing its agriculture, manufacturing and tourism sectors. He says PNG’s GDP is set to grow in the next few years when the country starts selling liquid natural gas overseas. More…
Reposted from The Bangkok Post
Betagro Group will build an animal-feed plant in Cambodia with a capacity of more than 200,000 tonnes a year to cash in on the growing livestock business in the neighbouring country.
The investment is the second of the group in Cambodia. It earlier set up a 160-million-baht pig farm to produce about 1,500 parent pigs in the central province of Kampong Chanan.
Senior vice-president Narongchai Srisantisaeng said presently Betagro exports 3,600 tonnes of animal feed to Cambodia every month. More…
Reposted from The Phnom Penh Post
Stevia Nutra Corporation, a Canadian agro-company, said in a press release on Friday that the initial growing season of stevia, commonly known as sweetleaf, in Cambodia was successfully completed.
The first harvest of high-quality stevia leaves has now commenced and samples have been prepared for testing to determine its sweetness, a key determinant to the commercial viability of a stevia crop, the statement said.
Stevia is used as a natural low-calorie sweetener and sugar substitute, having up to 300 times the sweetness of sugar. Stevia Nutra Corp had acquired 20 hectares of prime agricultural land in Kampong Speu province, according to a company statement in June 2012, adding that it plans to expand to 2,000 hectares, if the test results are positive. More…
Leopard Cambodia Fund has invested in a Thai company that produces kenaf
Phnom Penh, Cambodia – Leopard Capital LP announced today that Leopard Cambodia Fund LP has invested in Engage Resources (Thailand) Co. Ltd. (“Engage”), a producer and developer of kenaf-based products. Kenaf is a fibrous plant used in the animal feed, construction, and paper & pulp industries. Leopard Cambodia Fund’s investment provides growth capital required for Engage to continue its product development and to expand its operations from Thailand into Cambodia. This growth capital injection will contribute to Engage’s product development, add value to its core business, and assist its regional expansion by drawing on Leopard’s local experience and networks. More…
Reposted from Eleven Myanmar
Private Investment on the rise for Myanmar
In a country where most investments go to lucrative mining, hydropower and oil and gas, private investment worth 133 billion kyats (US$156.5m) has been put into transportation, manufacturing, farming and others within a month. More…
Iraqi Kurdistan is aiming to diversify its economy and attract more foreign investment
Reposted from Al-Monitor
By Abdel Hamid Zebari
The Kurdistan Region of Iraq is preparing to change its investment approach to focus on new areas of foreign and local investment — including tourism, agriculture and industry — after having focused exclusively on housing and oil for the past six years.
Despite the fact that oil investments are the largest investments in the Kurdistan region, they fall outside of the investment law. These investments are carried out in a differ manner from those in business, industry and agriculture.
According to statistics obtained by Al-Monitor from the General Investment Authority in the Kurdistan Region, foreign and local investments have reached $24.5 billion across 521 projects extending over an area of 8500 acres in the region’s three major cities, Erbil, Sulaymaniyah and Dohuk. More…
Reposted from Bloomberg
Morgan Stanley and IFC will invest in eleni LLC, a company that plans to build commodity exchanges in Africa after the success they have had in Ethiopia
By Isis Almeida and Claudia Carpenter
Morgan Stanley and the World Bank’s International Finance Corp. will participate in a $5 million investment in eleni LLC, a Nairobi, Kenya-based company that was started by the founder of the Ethiopian Commodity Exchange.
Eleni plans to build commodity exchanges in Africa, Morgan Stanley, the IFC and eleni said in a statement yesterday. More…