Foreign investment or grassroots growth – the future of mining in Rwanda

It is one of the smallest countries in Africa with a total area estimated at around 26,000km² and a population of roughly 12 million people. You can drive across its winding, smoothly paved roads in a matter of hours. But Rwanda, a mountainous country known locally as le Mille Collines – the land of a thousand hills – punches well above its weight: it is one of Africa’s fastest-growing economies despite experiencing a civil war just two and a half decades ago. Among the countries most promising industries is the mining sector,…

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China moves up date for lifting some restrictions on foreign investment to 2020

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

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Kotak Mahindra Bank raises foreign investment limit

Kotak Mahindra BankNSE -0.36 % Ltd on Tuesday raised the limit on total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 percent from 43 percent. The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank.   [“source=economictimes.indiatimes”]

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Foreign direct investment inflows fall amid pre-election uncertainty

NEW DELHI: The flow of foreign direct investment into India is dropping and may suffer its first full-year decline since Prime Minister Narendra Modi came to power in 2014. The reversal from strong numbers in Modi’s initial years in charge may indicate that investors are being deterred by the government’s recent protectionist policies and uncertainty about this year’s general election result. Inbound foreign direct investment (FDI) dropped 7 percent to $33.5 billion in the nine months between April and December 2018, compared with $36 billion in the year-earlier period, according to figures released over…

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Facebook, Twitter Pledge to Defend Against Foreign Intrusion

HIGHLIGHTS Both Facebook and Twitter are using AI to combat manipulation Facebook is going after “inauthenticity,” or fake accounts Twitter is focusing on analysing behaviour patterns Facebook and Twitter executives assured Congress on Wednesday that they are aggressively working to root out foreign attempts to sow discord in America, and they pledged to better protect their social networks against manipulation during the 2018 midterm elections and beyond. Facebook’s No. 2 executive, Sheryl Sandberg, and Twitter’s CEO, Jack Dorsey, testified before the Senate intelligence committee in the morning, but there was an empty chair for Google…

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Tokyo stocks retreat in morning after Mnuchin tweet on foreign investment

TOKYO, June 26 (Xinhua) — Tokyo lost ground Tuesday morning as investors turned risk-off following a tweet by U.S. Treasury Secretary Steven Mnuchin saying that more countries might be banned from investing in U.S. technology firms. The 225-issue Nikkei Stock Average dropped 116.82 points, or 0.52 percent, from Monday to 22,221.33. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 8.14 points, or 0.47 percent, at 1,720.13. Oil and coal product, mining, and service-linked issues comprised those that declined the most by the…

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