Core Insights - Sudan's mineral sector, particularly gold, has seen significant growth, with record gold production of 70 tonnes in 2023 generating approximately $1.8 billion, contributing nearly 4% to GDP [1][5] - The country is actively seeking foreign investment to develop its mineral resources, emphasizing its untapped geological potential and strategic partnerships [2][4] Industry Overview - Sudan is Africa's third-largest and the world's thirteenth-largest nation in terms of mineral diversity, with substantial deposits of gold, copper, iron ore, and rare earth elements, yet approximately 75% of its resources remain unexplored [5] - The gold sector has become a crucial source of foreign exchange following the loss of 75% of oil revenue after South Sudan's secession in 2011 [5] Investment Climate - The Sudanese government is simplifying licensing procedures and offering various investment incentives, including tax holidays and duty exemptions, to attract foreign investments [3][7] - The National Investment Encouragement Act protects foreign investors from nationalization and provides mechanisms for international dispute resolution [7] Infrastructure Development - A strategic plan approved by the Ministry of Minerals aims to enhance infrastructure, including road and rail networks, to facilitate mineral exports and increase production rates [9] - The government is prioritizing the modernization of its geological database to provide accurate information critical for investor confidence [8] Energy Integration - Sudan is focusing on integrating renewable energy, particularly solar power, to supply electricity to remote mining sites, aligning with national efforts to reduce reliance on imported fossil fuels [10] - The World Bank is supporting this energy transition with a $76.3 million project aimed at boosting electricity access [11]

Saudi Arabia’s $100 billion FDI push ramps up with a new steward and the Mecca property market opening. Read the Mideast Money newsletter https://t.co/87Z8QW0d8y ...

Photographer: Eva Marie Uzcategui/Bloomberg About a decade ago, Saudi Arabia picked a veteran banker to help set up a debt-market program that’s since transformed the kingdom into one of the most prolific bond issuers globally. His next task is to help Riyadh draw in overseas cash and triple annual foreign direct investment to $100 billion by 2030. Fahad Al-Saif has become the new face of the Gulf nation’s push for capital, replacing Khalid Al-Falih as investment minister amid sweeping cabinet changes. ...

Scrutinised at home and in the West, Chinese money is moving into the Gulf https://t.co/1y0C9KKQAk ...

Total FDI inflow includes equity inflow, equity capital of unincorporated bodies, re-invested earnings, and other capital, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha.FDI is considered as a major source of non-debt financial resource for the economic development, he said.He further said, FDI flows into India have grown consistently since liberalization and are an important component of foreign capital since FDI infuses long term sustainable capital in the econo ...

Group 1: Overview of Sierra Leone's Citizenship by Investment Program - The Sierra Leone Citizenship by Investment program offers a flexible and affordable pathway to citizenship, with a base price of $140,000 for the main applicant and discounts available for applicants of African descent [62][66] - The program allows for the inclusion of family members and business partners, making it one of the most affordable options globally for citizenship by investment [6][62] - The program is designed to attract high net worth individuals, providing them with opportunities to invest in a country with significant growth potential and low GDP per capita [46][47] Group 2: Economic and Investment Opportunities - Sierra Leone is focusing on sectors such as agriculture, infrastructure development, energy, and tourism to attract foreign direct investment [45][46] - The government is actively working to create a conducive environment for investors, including the establishment of the National Investment Board to facilitate investment processes [49][50] - The country offers unique opportunities for eco-tourism, with government support for developing eco-lodges and related infrastructure [52][55] Group 3: Banking and Financial Environment - Sierra Leone's banking sector is characterized by a focus on cash transactions, with no capital controls for local entities, making it easier for investors to manage their finances [26][33] - The banking system allows for efficient online banking services, enabling easy transfers and conversions without significant bureaucratic hurdles [31][33] - The country has not signed up for the Common Reporting Standard (CRS), providing a level of privacy for banking clients [26] Group 4: Political Stability and Governance - Sierra Leone is noted for its democratic stability, having undergone peaceful transitions of power, which enhances its attractiveness for foreign investment [22][39] - The government is committed to reforming immigration and investment laws to create a more favorable business environment [22][39] - The country has a strong emphasis on religious tolerance, which contributes to its social stability and peaceful coexistence among diverse communities [56][59] Group 5: Benefits of ECOWAS Membership - Citizenship in Sierra Leone provides access to the Economic Community of West African States (ECOWAS), allowing for easier travel and residence in 12 other West African countries [76][77] - This access simplifies the process for investors looking to expand their operations across the region, enhancing the overall value of Sierra Leonean citizenship [76][78] Group 6: Support for Investors - The Sierra Leone Citizenship by Investment program includes comprehensive support for new citizens, facilitating connections with government officials and providing assistance in navigating the investment landscape [70][72] - The program aims to remove bureaucratic obstacles, making it easier for investors to establish businesses and contribute to the local economy [74][75] - New citizens receive a free company setup and banking services, streamlining the investment process [70][72]

This was something that was one big stumbling block, the sentiment in the capital market and also for the Indian rupee, as you pointed out. So I'm not surprised that the reaction is very positive in both these markets. And I mean, at the end of the day, it is the world's biggest consumption market, $21 trillion of GDP.And therefore, to be able to have access to it is important and for all labour intensive products and to I think the China plus one strategy that many Western companies and multinationals were ...

Saudi Arabia just opened its stock market to all [music] foreign investors. It's the latest in a series of reforms by Saudi Crown Prince Muhammad bin Salman [music] to try to diversify the economy and bring in more foreign cash. He also froze rents in [music] Riyad.He's relaxed rules around alcohol. And he's even allowed foreigners to own property in the holy cities of Mecca [music] and Medina for the first time. The push for investment comes as the Gulf nation [music] seeks to cut down on spending after ye ...

Core Insights - Shriram Finance Limited (SFL) has approved a significant investment of ₹39,618 crore (USD 4.4 billion) from MUFG Bank, resulting in MUFG acquiring a 20% stake in SFL, which is India's second-largest retail Non-Banking Financial Company (NBFC) by assets under management (AUM) [1][2] Investment Details - This investment represents the largest Foreign Direct Investment (FDI) in a financial services company in India and MUFG's largest investment in the country [2] - SFL's AUM exceeds ₹2.81 lakh crore, indicating a strong financial position [2] Strategic Collaboration - The collaboration is expected to enhance SFL's access to low-cost liabilities, strengthen its credit ratings, and align its governance and operational practices with global standards [4] - The fund infusion will significantly improve SFL's capital adequacy, strengthen its balance sheet, and provide long-term growth capital [5] Growth Vision - Umesh Revankar, Executive Vice Chairman of SFL, emphasized that this transaction marks a pivotal moment in SFL's growth journey, highlighting MUFG's extensive international network and commitment to financial inclusion [7] - The entry of MUFG as a key investor is seen as a reinforcement of global confidence in India's financial services sector and SFL's leadership role within it [8] Economic Impact - Hironori Kamezawa, Group CEO of Mitsubishi UFJ Financial Group, stated that MUFG and SFL share a common vision for future growth and economic development in India [8] - MUFG has a legacy of over 130 years in India, having invested USD 1.7 billion and created approximately 5,000 jobs, showcasing its long-term commitment to the Indian market [9]

The European Union reached a preliminary agreement to strengthen its screening of foreign direct investments, the latest move meant to help shield the local economy from China and the US https://t.co/KoPlnhD4QQ ...