It can take the form of the acquisition of a foreign company, the creation of a subsidiary or capital injection to increase the production capacity of a subsidiary, or to provide support in the event of financial difficulties. Economically vibrant African countries. When over two-thirds of job creators especially energy companies tell us how to create jobs in an economy that desperately needs them, bureaucrats and politicians should not only listen, they should do something or get out of the way and let business work. World Bank Vice President Rachel Kyte summed up the problem effectively when she said, access to energy is fundamental in the struggle against poverty. We Need Investors As We Monetize Our Natural Gas. The EU is seen as a signal of political and economic stability, which encourages foreign investment. If the BEAC, IMF and World Bank bureaucrats really mean what they say about helping Africa and CEMAC countries bounce back from Covid 19, shouldn't they be listening to what the people who actually run businesses have to say about job creation? During the past few years (and even more since the election of President Macron), we note increased interest by foreign investors in France. What's more, governments must enact legislation that ensures the sanctity of contracts so investors know their agreements will be respected. Like us on Facebook to see similar stories. "Investments are required to convert resources in the ground to revenue and value," the report says. Knowledge transfers empower local companies — including oil and gas industry suppliers, service companies, and indigenous oil and gas companies — to cultivate the skills and technologies necessary to thrive in a continuously evolving industry. This was followed by the creation of similar accounts in other countries, such as, Australia also made its mark in 2013, thanks to the campaign launched by Tourism Australia: “. The end result? Foreign investment opportunities will play an important role in supporting economic growth and eliminating energy poverty in Africa for years to come. While the report describes widespread declines in capital expenditures in the continent’s oil and gas industry, it notes that they are taking place, primarily, because of COVID-19. Today is National Voter Registration Day! They generate benefits that go beyond their own businesses -- in technical jargon, they generate "spill-overs" for the rest of the economy. Rather than doing things "to help Africans," I'd like to see more foreign governments and companies partner with African countries to make sustainable changes for the better. This is how we will promote stability. While there is little we can do to influence oil prices, there are tangible steps that African countries can, and should, be taking to increase the chances of much-needed investment dollars going into their energy projects.
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