Confederation of Indian Industry’s Post

Zambia's Honourable President Hakainde Hichilema is a tall leader with an amazing vision. At the centre of his plan to bring prosperity to Zambia is the super metal of the future - copper. It's more than just a critical mineral because it has strong demand in both futuristic and traditional uses. The Honourable President's target is to raise copper production 4 times to 3 million tonnes by 2031. Of course, Zambia has always been rich in resources. Now, a perfect environment for investment has been created. At Vedanta, we are honoured and privileged to be a part of his vision and plans. KCM, which was returned to us in the presence of His Excellency, will produce 300,000 metric tonnes of copper and 6000 tonnes of cobalt. Other big investors like the Bill Gates-backed KoBold are also planning to invest in copper in Zambia. The country is on a fast track. It can follow Chile's model which moved from a developing country to advanced economy with copper at the center of its strategy. Honourable President Hichilema is all set to deliver jobs and prosperity to all Zambians. Every country that has advanced has done so by investing in below-the-ground whether the US, Europe, Middle East, Canada or Australia. India, Zambia and all countries looking to prosper need to do the same with a clear focus and simple, attractive-for-investment policies. (Video credit: ZNBC TV1 Kitwe & State House Media Team Lusaka)

Growth dip expected Namibia’s economy is forecast to grow by 3.1% this year, down from 4.2% last year and the lowest annual growth since the onset of the Covid-19 pandemic in 2020. The main drivers of the lower growth will be mining and agriculture, according to the Bank of Namibia’s (BoN) latest Economic Outlook. The mining sector is expected to enter a recession.  A contraction of 0.4% is anticipated in the mining sector following growth of 18.9% last year.  Agriculture is expected to remain in recession, with anticipated growth of -4.9% on the back of -3.4% last year. The BoN expects Namibia’s economy to grow by 3.9% in 2025, followed by 4.1% the year after. #namibia #economy #growth #mining #agriculture #gdp

Foreign Direct Investment (FDI) in Bangladesh faces uncertainties as political turmoil intensifies. With the Chief Advisor's appointment Dr. Muhammad Yunus drawing global attention, the economic landscape is shifting. Credit insurance agencies like SINOSURE, which back mega projects in renewable energy, are hesitant to fund ventures amid instability. FDI's dependency on political events raises concerns about future growth in sectors like green energy. To reshape the future, Bangladesh must strengthen political stability, ensure transparent governance, and offer assurances to international investors. Only then can the country reclaim its place as a favorable FDI destination. #Bangladesh #FDI #RenewableEnergy #PoliticalStability #ChiefAdvisor #DrMuhammadYunus #Sinosure #MegaProjects #Investment #GreenEnergy #EconomicGrowth

Exciting Opportunities for Asian (particularly India) Investors in Africa: Spotlight on the 3 M's - Malawi, Mali, and Mauritania As India deepens its economic ties with Africa, the nations of Malawi, Mali, and Mauritania present exciting opportunities for Indian investors looking to tap into high-growth sectors and make a positive impact. Here’s why these countries are ripe for investment from India: 🇲🇼 Malawi: Agribusiness: Malawi’s fertile land is ideal for Indian investors in agriculture and agro-processing. From tea, coffee, to tobacco, the opportunities for value-added agriculture are immense. Pharmaceuticals: India’s expertise in low-cost medicines can transform healthcare access in Malawi. Education & IT: Investment in education and skills training could support Malawi’s growing young population. 🇲🇱 Mali: Mining: With some of Africa’s largest gold reserves, Mali is a promising destination for Indian companies in mining technology and engineering. Cotton & Textiles: A key cotton producer, Mali is an ideal partner for India’s textile industry, enabling a direct supply of raw materials for apparel manufacturing. South-South Cooperation: India’s experience in infrastructure, telecommunications, and renewable energy is well-suited to meet Mali’s development goals. 🇲🇷 Mauritania: Natural Resources: With abundant reserves of iron ore, gold, and emerging natural gas projects, Mauritania offers lucrative opportunities in mining and energy sectors. Renewable Energy: Indian firms can tap into solar and wind energy potential, leveraging India’s leadership in green energy for transformative projects in Mauritania. Strategic Location: Mauritania’s access to the Atlantic Ocean opens up vital trade routes for Indian businesses. Across all three nations, there’s also tremendous potential for partnerships in renewable energy, infrastructure development, and capacity building. With India’s strong focus on South-South cooperation and trade expansion under initiatives like the India-Africa Forum and Duty-Free Tariff Preference (DFTP) scheme, the time is now for Indian investors to explore these dynamic markets. Let’s build prosperous partnerships for growth and development! 🌱 #IndiaAfrica #FDI #Agribusiness #Mining #RenewableEnergy #IndianInvestors #AfricaGrowth #Mauritania #Malawi #Mali #SustainableDevelopment

The Local Manufacturing Summit 2024, set to convene on the 6th and 7th of August, aims to forge a platform to discuss the future trajectory of Botswana’s manufacturing sector, emerging technologies, market access both locally and internationally, and other pivotal issues. This event marks the summit's second return, underscoring its growing significance. At the Local Manufacturing Summit 2024 Press Conference held on Tuesday, Joseph Ramotshabi, Senior Projects Manager at the Botswana Chamber of Mines, recounted the origins of the local manufacturing initiative, which dates back to 2016. "We sought to complement government efforts in job creation, economic diversification, and citizen empowerment, with the aim of integrating more Batswana into the mining industry," Ramotshabi explained. "Additionally, we encouraged citizens to venture into manufacturing products that are currently imported from foreign companies, as well as into various professional services, all of which contribute to reducing the import bill." Ramotshabi highlighted a significant milestone achieved through their partnership with Debswana in 2019. "Debswana sponsored the local manufacturing stream managed by the Botswana Chamber of Mines. 𝗟𝗢𝗖𝗔𝗟 𝗠𝗔𝗡𝗨𝗙𝗔𝗖𝗧𝗨𝗥𝗜𝗡𝗚 𝗦𝗨𝗠𝗠𝗜𝗧 𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 𝗦𝗖𝗛𝗘𝗗𝗨𝗟𝗘𝗗 𝗙𝗢𝗥 𝗔𝗨𝗚𝗨𝗦𝗧 Furthermore, within the Citizen Economic Empowerment Programme (CEEP), initiated by Debswana, we have adopted various roles—ranging from repairs to professional services—all aimed at diversifying our economy," revealed Ramotshabi. Looking ahead, Ramotshabi articulated Botswana’s ambition to attain high-income status by 2036. "To realize this vision, the economy must grow at an annual average rate of 6% over the next 13 years. The manufacturing sector, which accounted for a mere 5.7% of GDP in 2020, holds substantial potential to drive this economic growth," he asserted. #weekendpost #Insightful

Add the strength & stability of #NewIndia to your growth portfolio. The treasure trove of the country's diverse array of 95 minerals is the bedrock for your sustained growth. Unearth more growth opportunities at: https://lnkd.in/fC7u7EV #InvestInIndia #MetalsAndMiningSector #InvestIndia Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India NITI Aayog

Economists and business leaders in Lunda-Norte believe that the construction of a road connecting Angola and Zambia, part of the Lobito Corridor initiative, will significantly enhance the flow of goods and services between Angola’s eastern provinces and the country’s coast.

Growth in the Caucasus is forecasted to remain robust but trending downwards to pre-2022 levels. Growth will stem from strong domestic demand (Georgia), a recovery in hydrocarbon sector (Azerbaijan), and strong industrial production (Armenia) Institute of International Finance Ivan Burgara Garbis. Iradian