EVAGO  Global, a Lativa-based company, said that 300 international investors scheduled to attend the“Arise Africa“ impact investment  conference, were capable of attracting 500 billion dollars Foreign Direct Investment (FDI) to Nigeria and other African countries.

Mr Ramsome Obem, the Regional Director of the company for sub-Saharan Africa, made this known when he featured at the News Agency of Nigeria (NAN) Forum in Abuja on Wednesday.

According to him, as organisers of the conference, the company seeks to bring in investors from Europe and other parts of the world to rub minds on how best to attract impact investments to African countries.

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“This is a group that we know; we also know that when we pool  resources together and decides to get into the country and the continent at large, it can gross 500 billion dollars and then a huge percentage comes to Nigeria and then we also get other African countries that can benefit from it.

“The conference seeks to bring in investors from Europe, all around from Europe from Lativa, from Belgium, down to Switzerland.

“ It is basically about impact investment, which means that we will be very much interested also in corporate social responsibility,which has be one of the issues that is lacking in terms of foreign investment in the country.

“We will be having at least six Presidents, who will be coming for the conference.

“We are talking to about 28 African countries particularly within the sub-saharan  region,they can  come in and benefit and actually enter into agreement with this investors.

“We are planning to match them investors from Europe with prospective beneficiary from Africa .“

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He said that the company,  organisers of the proposed conference scheduled to hold  in Abuja in November, was taking advantage  on the executive order on the ease of doing business in Nigeria  to convoke the conference.

“The ease of doing business in Nigeria, is one of the major factors why we are even coming because it is easier now with the present administration and there is growing confidence.

“We are basically going into infrastructure, then agriculture which is at the heart of this government.

“A number of other sectors will be there, not just extractive sectors will be there but our focus mainly will be infrastructure and agriculture, processing and value addition production.

He said the company was working on setting up industries so as to provide employment  for Nigerians,  transfer technology  to add value especially  in agriculture

THE government of Ghana will introduce new tax measures this month aimed at shoring up revenue in order to sustain the government’s ambitious flagship programmes, Deputy Minister for Finance, Kwaku Kwarteng has said.

The Deputy Minister told Xinhua there was the need to close the ensuing gaps observed in budget implementation.

Minister for Finance, Kenneth Ofori-Attah is expected to present the Mid-Year Budget Review to parliament this month and his deputy disclosed that new tax measures would be included in the budget review.

“As has already been indicated, in the mid-year review to parliament we intend to introduce some tax measures,” Kwarteng indicated.

Although there has been an observed improvement in revenue for 2017 and 2018 relative to the previous years, Kwarteng maintained that the revenue being generated was still insufficient, to cater for the “ambitious initiatives” rolled out by the government.

“We have chosen at least in the short run to introduce these measures as a way of dealing with the revenue gaps that we are seeing.

“Ultimately we will remove taxes wherever we can,” he added.

– Jul. 4, 2018 @ 17:25 GMT |