Latest News for: Foreign ownership

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Free Zones Enterprises makes export earnings over US$ 27 billion – Oquaye Jnr

Business Ghana 09 Dec 2022
The CEO said the GFZA would continue to help drive the country’s growth, shore up the country’s foreign currency deposits and to create jobs ...Free Zones companies are not entirely foreign-owned, Ghanaian ownership is 30 per cent, Ghanaian-foreign ownership is over 30 per cent and foreign is 34 per cent,” he said.
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LEAKING TRAWLERS: Fisheries sector far from BO compliant

B & FT Online 09 Dec 2022
... their corporate ownership structure or legal and beneficial owners to the ORC, according to the Centre for Extractive Development Africa, Fisheries economist, Prof Akpalu says local people are fronting for foreigners, contrary to the provisions of Ghana’s fishing regulations.
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Beneficial Ownership: Ghana’s fisheries sector far from compliance

Joy Online 09 Dec 2022
... their corporate ownership structure or legal and beneficial owners to the ORC, according to the Centre for Extractive Development Africa, Fisheries economist, Prof Akpalu says local people are fronting for foreigners, contrary to the provisions of Ghana’s fishing regulations.
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India to extend deadline for bidders to show interest for IDBI Bank stake to early ...

The Economic Times 09 Dec 2022
The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks.
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Fidelity gets Chinese regulatory approval for retail fund business

Reuters 09 Dec 2022
HONG KONG, Dec 9 (Reuters) - Fidelity International (FIL) has secured Chinese regulatory approval to conduct business in China's $3.7 trillion mutual fund industry ... The approval came two years after the company applied to enter the local retail fund market when China removed a foreign ownership cap on fund management companies ... Our Standards.
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Illegal fishing, overfishing and corruption threaten livelihood  -report

B & FT Online 09 Dec 2022
This is believed by EJF to be at least percent owned by Chinese beneficiaries, flouting Ghanaian laws on foreign ownership ... However, the extent of illegal fishing and corruption in Ghana’s fisheries across its largely foreign-owned industrial fleets remains highly damaging, ...
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What will be appetite of retail investors in next round? Zerodha's Nikhil Kamath

Live Mint 09 Dec 2022
As of September 30, 2022,  17,99,257 retail investors held 6.12 per cent stake in the company ... He cited a BQ Community research data, which revealed that Indian-listed firms are majorly owned by private promoters and foreign investors. Retail investors' ownership is also lesser than mutual funds, but higher than government and insurers. .
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SA could lose its preferential market access to US

Business Day 09 Dec 2022
SA shipped goods worth more than $15bn (R257bn) to America last year, with $2.7bn (R46.3bn) worth cleared under the two accords, US government data show ...Completely Crazy’ ... It also warned that proposed changes to legislation that would limit foreign ownership of private security companies in the country may affect its inclusion in AGOA. .
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Leaking trawlers: Ghana fisheries sector far from beneficial ownership compliant

Ghana Business News 08 Dec 2022
Even though about 44,000 companies in Ghana have so far complied with Ghana’s Beneficial Ownership Transparency initiative and submitted true owners of their companies to the ORC, according to the Centre for Extractive Development Africa, Fisheries economist Prof Akpalu says ...
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Maait: Egypt seeks to up gas exports to dlrs 1 bn monthly in 2023

Egypt Independent 08 Dec 2022
He added that the launch of the State Ownership Policy Document opened new vistas would help lure foreign direct investments by about dlrs 10 billion annually within the coming four years. The net foreign direct investments flow hit the highest level in 10 years by about 71.4 percent in the previous fiscal year compared to the 2020-2021 FY.
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Egypt aims to increase gas exports to $1B per month in 2023

Egypt Today 08 Dec 2022
The state ownership policy document was also launched, which opens new horizons through which we look forward to attracting foreign direct investments worth $10 billion annually over the next four years, in a way that contributes to achieving sustainable development, ...
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US Charges Ukrainian 'Russian Agent' With Money Laundering

Voa News 08 Dec 2022
The charges and forfeiture action against Derkach represent the first use of criminal and forfeiture powers targeting the concealment of ownership by senior foreign political officials, passed as part of the National Defense Authorization Act of 2021, the Justice Department said.
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Indiana Attorney General files lawsuits against TikTok

Henry Herald 08 Dec 2022
The Committee on Foreign Investment in the United States, a multi-agency government body charged with reviewing business deals involving foreign ownership, has spent months negotiating with TikTok on a proposal to resolve concerns that Chinese government authorities could seek to gain access to the data TikTok holds on US citizens ... The-CNN-Wire ... +68.
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DoE: Future-proofing energy security at 50

The Manila Times 08 Dec 2022
Early in October, the ruling of the Department of Justice to allow 100-percent foreign ownership of green energy allowed the DoE to briskly formulate measures to capitalize on new and supplemental investments on green renewables. Indeed, a great number of policies and foreign ...
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China’s deep-water fishing fleet is the world’s most rapacious

Economist 08 Dec 2022
The Chinese government publishes a list of foreign countries within whose 200-nautical-mile (370km) “exclusive economic zones” (EEZs) it has agreed contracts for fisheries operations ... Locally flagged vessels often conceal their Chinese ownership behind shell companies or joint ventures.

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