Investment
Lee says South Korea, US remain deadlocked on investment pledge issues
Raj Patel Image generated by AI
President Lee Jae Myung stated in a Bloomberg interview that South Korea and the United States remain deadlocked on key details of Seoul's $350 billion investment pledge. Negotiations continue on implementing the July trade agreement, with issues including investment methods, amounts, and timelines. He anticipates a rational outcome ahead of talks with President Trump at the APEC summit.
Antam gold price drops Rp45,000 per gram on Tuesday
Antam gold prices fell again on Tuesday (October 28, 2025), dropping Rp45,000 to Rp2.282.000 per gram from Rp2.327.000 previously. The buyback price also declined to Rp2.147.000 per gram. This drop was monitored from PT Antam Tbk's Logam Mulia website.
Creecy launches RFI for Prasa's 600 million passenger trips
Transport Minister Barbara Creecy has issued a request for information to attract private investment in rebuilding South Africa's passenger rail network, targeting 600 million annual journeys by the end of the decade. The initiative emphasizes state ownership while seeking market input to design the future of rail amid past challenges like theft and mismanagement. Recent improvements in service reliability offer cautious optimism for recovery.
Government targets coastal sites for tourism privatization
Kenya's Ministry of Tourism plans to privatize five beaches and four islands in Kwale, Lamu, and Kilifi counties to attract high-end investments. The strategy aims to develop luxury facilities while ensuring environmental and employment safeguards. Public feedback is being sought on the draft National Tourism Strategy 2025-2030.
China unveils pure solid gold amid investment debate
October 29, 2025 16:57Japanese insurers trim foreign debt as domestic yields soar
October 29, 2025 10:41No projects finalized under Japan's $550 billion investment pledge
October 28, 2025 16:00Egypt's al-Mashat to discuss challenges at FII9 in Riyadh
October 27, 2025 17:20Egypt's investment minister discusses economic partnership with British ambassador
October 27, 2025 16:48Egypt becomes regional hub for health investment and innovation: Abdel Ghaffar
October 27, 2025 13:17Egyptian-Chinese alliance invests $75m in West Qantara projects
October 26, 2025 12:31Chinese firms invest $1.3 billion in Nigeria's lithium sector
South Korea and US finalize trade deal at APEC summit
Raj Patel Image generated by AI
At the Asia-Pacific Economic Cooperation (APEC) summit, Presidents Lee Jae Myung of South Korea and Donald Trump of the United States finalized details of a $350 billion Korean investment pledge. The deal includes tariff cuts on automobiles and shipbuilding cooperation, along with U.S. approval for South Korea to build nuclear-powered submarines. It marks a new chapter in bilateral industrial and economic ties.
Ftan prepares for ntife 2025
The Federation of Tourism Associations of Nigeria (FTAN) is gearing up for the Nigeria Tourism Investment Forum and Expo (NTIFE) in 2025. This event aims to boost investment in the country's tourism sector.
Al-Ahram Chemicals invests $10m in Sokhna formaldehyde derivatives complex
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone, witnessed the signing of a contract between Al-Ahram Chemicals and Resins and the Main Development Company to build an industrial complex for formaldehyde and derivatives in Sokhna Industrial Zone. The $10m investment is expected to create 150 direct jobs. Commercial operations are set to start in early 2027.
Ethiopia shifts from blanket tax breaks to performance-based incentives
Ethiopia's federal government is undertaking a landmark shift in its investment incentive regime. It is moving away from broad-based tax holidays to performance-based incentives.
Ethiopian mining organization exceeds 11.3 billion birr revenue in three months
The Ethiopian Mineral Development Corporation announced generating over 11.3 billion birr in total carbon revenue during the first quarter of the 2018 fiscal year. This result exceeded the set target by 8.5 percent and showed a 58 percent growth compared to the same period last year.