A workshop in Victoria Fols, in the state of Zimbabwe, is being organised by the Regional Investment Agency for Member States tomorrow, Monday, to improve the capacity of agencies and investment promotion agencies in the gathering countries to draw foreign direct investment.
In light of the growing significance of the role that these investments play in boosting growth rates in countries, particularly Africa, and the increasing effects of the global economic situation on emerging countries in particular, the three-day workshop aims to assist investment agencies and bodies in the participating countries to increase their competitiveness to attract foreign direct investments.
Officials from investment promotion agencies and organisations from 17 of the 21 COMESA member states attend the workshop, which is presented by international specialists from the biggest firms and worldwide knowledge houses in the subject of soliciting and promoting direct investments.
In light of the effects of Corona and the Russian-Ukrainian War, the workshop discusses the best global practises in the areas of post-investment care for investors, investment facilitation services, and the promotion of investment opportunities. It also provides an opportunity for experience sharing and best practises and experiences in the field of investment globally, with a focus on developing nations.
Heba Salama, CEO of the Regional Investment Agency in COMESA, praised the role played by national investment promotion agencies in COMESA in fostering opportunities for cooperation between the countries, saying that the workshop is part of the agency’s efforts to improve the investment climate in the participating nations, strengthen the institutional framework of institutional cooperation in the field of investment, and provide the opportunity to exchange experiences.
In light of the difficulties facing supply chains, the CEO of the regional investment agency in COMESA emphasised the growing significance of the role that direct investment plays in achieving economic growth for nations, creating job opportunities, providing foreign exchange, as well as the necessary products to meet peoples’ needs from commodities, in addition to contributing to increasing state exports.
She went on to say that the COMESA regional investment agency is constantly looking for ways for us to take advantage of the resources that are available on the African continent by exchanging successful ideas, visions, and experiences, whether regionally or internationally, which allows us to succeed and create successful models.
Egypt, Burundi, Comoros, Democratic Congo, Djibouti, Eritrea, Stecini, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Somalia, Sudan, Tunisia, Uganda, and Zambia are among the 21 nations that make up COMESA, the common market assembly of East and South Africa.
COMESA hosts a workshop to strengthen its capacity to draw foreign direct investment.
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