Investments

Banks to cut capital market exposure to 25pc by July ’16 0

Bangladesh BankSource: The Financial Express

The Bangladesh Bank (BB) has asked the commercial banks to bring down their overall capital market investment within 25 per cent of total capital by July 21, 2016 to minimise risk in investment portfolios, officials said Monday. More…

Sri Lanka port-related industries draw US1.6bn in investments 0

srilankaportSource: Lanka Business Online

Sri Lanka’s has leased land at Hambantota port in the south to industries which are expected to invest up to 1.6 billion rupees in petroleum, petrochemical and container terminals, a minister said.

Advance Surfacants of India Ltd will be leased land by Sri Lanka Ports Authority to set up a plant to produce aviation fuel and surfactants for 261 million US dollars, information minister Keheliya Rambukwelle said. More…

Azerbaijan To Invest Two Billion US Dollars In Afghanistan 0

Azeri-AfghanSource:Bakhtar News

Trading envoy of Azerbaijan arrived in Kabul the other day for investment in Afghanistan and declared the country’s preparation for 2 billion US dollars investment in Afghanistan.

After holding discussions with officials for economy department of Foreign Ministry and chamber of commerce and industries, the envoy attended a news conference and answered journalists’ questions.

Head of the Azerbaijan envoy said the envoy’s trip to Afghanistan aimed of reviewing condition and investment in collecting of mining rocks and extraction of fuel and gas fields. More…

Delonex Energy announces $600 million investment led by Warburg Pincus to fund oil & gas exploration in Central and East Africa 0

Delonex bets on significant, underexplored resource potential in Central and East Africa

Delonex bets on significant, underexplored resource potential in Central and East Africa

Reposted from PR Newswire

Delonex Energy Limited (together with its subsidiaries referred to as “Delonex Energy” or “the Company”), a new, world-class energy exploration and production company (E&P) focused on Central and East Africa, today announced that an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, has agreed to lead an investment of up to $600 million in the Company. More…

Actis $1.5 billion Africa property plan to tap middle class 0

Africa is home to the world’s youngest and fastest-growing population, McKinsey & Co. said in a 2010 report.

Africa is home to the world’s youngest and fastest-growing population, McKinsey & Co. said in a 2010 report.

Reposted from Bloomberg
By Kamlesh Bhuckory

Actis LLP, a private-equity company, will lead investment of as much as $1.5 billion in African commercial property to meet rising demand from international companies targeting a growing middle class.

“We are seeing a shift in interest from South African brands to European retailers” seeking opportunities in fast-growing economies such as Nigeria, Ghana and Kenya, Kevin Teeroovengadum, 39, director of Actis’ sub-Saharan Africa real estate unit, said in an interview in Johannesburg on June 11. “They want to tap into the emerging middle class.” More…

Two new funds to boost trade with Africa 0

Chinese technicians and African workers at an expressway construction site in Nairobi, Kenya. China has established two funds to finance Chinese enterprises investing in Africa.

Chinese technicians and African workers at an expressway construction site in Nairobi, Kenya. China has established two funds to finance Chinese enterprises investing in Africa.

Reposted from People’s Daily Online

The China-Africa Business Council and the China-Africa Development Fund have decided to set up two new funds this year boost China’s investment in Africa. One fund is for commercial ventures, and the other, for mining activities.

Zheng Yuewen, chairman of CABC, which represents the interests of more than 550 Chinese companies in Africa, said each fund will raise $1 billion in its initial phase from member companies and the CADFund, China’s largest private equity fund focusing on African investments. More…

Investors more cautious in 2013 spending 0

Many businesses still plan to expand investment, but in a more cautious way.

Many businesses still plan to expand investment, but in a more cautious way.

Reposted from Vietnam Investment Review

Although the country’s current economic malaise is expected to continue in 2013, many businesses say they will still expand investment, but in a more cautious way. Investors register for a business license at the Department of Planning and Investment in Ho Chi Min. More…

Food, beverage imports rise 0

"The rise is due to a sharp growth in domestic demand"

“The rise is due to a sharp growth in domestic demand”

Reposted from The Phnom Penh Post
By May Kunmakara

Cambodia spent about $200 million on food and beverage imports to supply the domestic market last year – an increase of more than 10 per cent from the previous year, official data from the Ministry of Commerce show. More…

Maldives now on investors radar: Tourism Minister 0

Reposted from, Haveeru Online

by Ahmed Naif

Investor confidence in Maldives has not been undermined and remains on the radar of major foreign investors, Tourism Minister Ahmed Adeeb said Monday.
More…

Vietnam to serve as new industrial factory of the world 0

Dr. Patric Dixon has forecast that Vietnam would serve as the new industrial factory in the near future.

Dr. Patric Dixon has forecast that Vietnam would serve as the new industrial factory in the near future.

Reposted from VietNamNet Bridge

Le Phuoc Vu, President and CEO of Hoa Sen Group, agrees with the expert, saying that Vietnam has all favorable conditions to become the factory of the world, especially in some fundamental industries and high technology sectors. Vu said the theory about the “flying geese paradigm” shows that it is now the time for Vietnam to receive the technology transfer from the “leading geese” to develop its production. More…

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