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…
Iraq is attracting FDI in oil & gas, power, infrastructure, and financial services
Reposted from Arabian Business
By Ed Attwood
Wadie Habboush has one of the more impressive corner offices that this reporter has seen, and he’s seen a few. The firm of which he is CEO, the Habboush Group, has just moved into a cavernous corporate office in DIFC, from where it is planning nothing less than the redevelopment of Iraq’s battered infrastructure.
The Iraqi national certainly has some pretty big aims. Via a ‘one-stop-shop’ strategy, the company aims to link foreign investors who are keen to access Iraq’s potential returns with the country’s need for infrastructure. What that means is that the firm will not only secure the financing for any particular project, it will also design, build and operate the project even after completion. More…
Reposted from The UB Post
By By B.Khash-Erdene
It is estimated that Mongolia has and 800 billion tons of oil shale reserves. But this number was deduced by Mongolian geologists by studying only 19 percent of the outlined reserves in 1990.
Oil shale is said to be an alternative fuel source which provides a vast potential for profit to businessmen and entrepreneurs. Although Mongolia hasn’t even fully established its reserves of this possible miraculous mineral, foreign businesses have already begun eyeing Mongolia’s shale deposits. More…
Reposted from Business Insider
Although many American oil firms are weary of Iraq’s instability, Chinese companies are rushing in
By Rob Wile
Ten years after the invasion of Baghdad, major American oil companies are staying away from investing in Iraq’s oil resources, McClatchy’s Sean Cockerham reports. Instead, many of Iraq’s newest oil fields are now controlled by Chinese.
Iraq possesses the second-largest oil deposit in the world, in the West Qurna region. Forbes says the country could easily become the second-largest oil producer in the world after Saudi Arabia. More…
Despite Iraq’s turbulent past, the country’s bourse is fluorishing
Reposted from Wealth Daily
By Joseph Cafariello
Like springs of water vitalizing an oasis in the desert, a steady flow of investment has been springing to life the Iraqi stock market.
Asiacell—a Qatar Telecom-affiliated telecommunications company—has just last month raised over U.S. $1.3 billion from its IPO. It is the largest initial public offering in the whole of the Middle East since 2008.
Fascinating as that may be, what is even more astounding is where it listed: on the Iraqi Stock Exchange. More…
Iraq’s security situation has improved and the country is one of the world’s fastest growing economies, projected to achieve 14.7% GDP growth this year
By John Enos
For most people, chances are that the mention of Iraq conjures up images of suicide bombs, sectarian strife, and widespread destruction. In the aftermath of the 2003 US-led invasion and Saddam Hussein’s deposition, a power vacuum and simmering Sunni-Shia tensions led to a bloody civil war that undermined prospects for reconstruction or stability. Ever since, international media has been keen to portray Iraq as an embattled state, and any headlines the country does garner are inevitably regarding conflict.
This article is an excerpt from Leopard Asia Frontier Fund’s February 2013 newsletter. You can subscribe to the newsletter here. 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 The Daily Reckoning
Archibald Colquhoun returned from a trip to Myanmar (Burma) enthusiastic about the opportunities in the country. He wrote a book about it all: Burma and the Burmans: Or, “The Best Unopened Market in the World.”
Colquhoun writes exuberantly about the oil resources of the country, as well as its jade, gold, copper and coal. There are dense forested hills of teak, unspoiled fisheries and fertile valleys. Nor did he forget the potential for reopening old trade routes connecting China and India.
The thing is, he wrote about all this in 1885. More…
African equities are soaring, particularly in countries with burgeoning oil industries
Reposted from Nasdaq
The African investment thesis is an enigma wrapped in a riddle cloaked under a veil of high risk. To some, the world’s second-largest continent is the last investment frontier . Other investors know no more of Africa than the iShares MSCI South Africa Index Fund (NYSE: EZA) and maybe the Market Vectors Egypt ETF (NYSE: EGPT). More…
Reposted from MarketWatch
By Chris Devauld
The company hit a significant gold discovery on its Phum Syarung Prospect
Long forgotten amidst the instability of past political forces, the Kingdom of Cambodia (“Cambodia”) has been slow to shake off the dark moments of its recent history. More…