ByMerit Al-Sayed, Mark Esposito, and Terence Tse
CAIRO – If macroeconomic indicators are to be believed, Egypt’s economic growth has ground almost to a halt over the past three years. Inflows of foreign direct investment have dried up, and GDP growth rates have plummeted from as high as 7% in 2008 and 2009 to merely 2% in 2013. But are the indicators to be believed?
Founder and CEO of Black Rhino, Brian Herlihy, will attend and speak at the 3rd annual investment meeting Powering Africa: Ethiopia, taking place from 20-21st November in Addis Abeba.
Black Rhino is comprised of finance and development experts including Managing Director Mimi Alemayehou, previously the Vice President of OPIC. Following the company’s recent merger with global asset management firm Blackstone, which looks at long-term investments in Sub-Saharan Africa, the Blackstone-Black Rhino partnership is setting out to undertake transformational projects in Africa’s power and infrastructure sectors necessary to maintain significant economic growth.
Emirates is placing a strategic focus on Africa in the coming decade by increasing operations by over 40%, says Tim Clark, President of Emirates Airline.
Speaking at the Africa Global Business Forum held in Dubai on 1 – 2 October, Clark said that Africa has been a great growth story for Emirates.