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Mar
05
2023
By The African Mirror
How Africa woos the ultra-rich

How Africa woos the ultra-rich

NEWS
SETH ONYANGO, BIRD STORY AGENCY AFRICAN economies looking to attract fresh investments are turning to innovative programs that offer residence and dual citizenship opportunities to investors with deep pockets. Migration investment schemes allow people to purchase citizenship or residency in exchange for an investment in a country. Namibia and Henley & Partners, the global leader in residence and citizenship planning, have unveiled a Residence by Investment Program to attract foreign investment and boost the country's economic growth. Foreigners seeking Namibian residency must purchase real estate valued at least US$316,000 at President's Links Estate. The estate on the Bay of Whales…
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Nov
06
2022
By The African Mirror
COP27 must work out how to cut carbon and still develop African economies

COP27 must work out how to cut carbon and still develop African economies

THOUGHT LEADERSHIP
AVERTING a climate disaster without compromising economic growth and development is a key issue for African countries. Energy production and use is the single biggest contributor to global warming, accounting for roughly two-thirds of human-induced greenhouse gas emissions. Yet, electricity use and access are strongly correlated with economic development. Many African countries are lagging behind in electricity generation and access. According to the Energy Progress Report, in 2020 the 20 countries with the lowest rates of access to electricity were all in sub-Saharan Africa. For example, just 7% of the population in South Sudan and 11% of the population in…
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