Emerging Market Business & Investment News & Newsletter

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Kigali's $2 Billion Innovation City Construction Scheduled to Begin in September 2024

Canadian Pension Fund Exits Manhattan Office Sector with 90% Loss in Firesale Deal

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Fibra UNO Escalates Courtship of Terrafina's Assets Aiming to Create Mega-Industrial REIT in Mexico

UAE's Role in Gold Smuggling from Africa Could Jeopardize Its Investment Ambitions on the Continent

USAID Administrator Announces New Investments Along the Lobito Corridor

Imminent $239 Million Office Property Default Expected, This Time in Seattle

Vietnam's Property Sector Attracts $1.98 Billion of FDI So Far in 2024, up 70% Year-on-Year

UAE Sets the Pace for Gulf Investments in Africa’s Mining Sector

Bankenveld District City Development in Johannesburg Clears Key Hurdle with Land Purchase Approval

Nearshoring Surge Increases Complexity for Cross-Border Carrier Shipments into Mexico

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Emerging Markets Business is an email newsletter and news publisher and aggregator aimed at decision makers and analysts interested in investing and doing business in the emerging markets.

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Markets

Vietnam's Property Sector Attracts $1.98 Billion of FDI So Far in 2024, up 70% Year-on-Year

Vietnam attracted $1.98 billion in foreign direct investment (FDI) in its property sector in the first five months of 2024, a 70% increase y

Removing the Philippines' 60-40 Rule Could Entice Investors But Also Destabilize the Status Quo

In 2023, the Philippines saw $8.9 billion in FDI net inflows, a 6.6% decline from 2022. Comparatively, Singapore attracted $141.2 billion, V

Power Delivery Issues Eclipse Vietnam's Anti-Corruption Efforts

Vietnam's power delivery concerns have been a significant issue since 2020, when electricity demand began outpacing generation capacity. In

Microsoft Bets $1 Billion on Kenya's Thriving Digital Economy

Microsoft and G42 announced a $1 billion investment in Kenya, marking the largest private-sector digital investment in the country's history

Investors Sour on Brazil Stocks on Intervention, Fed Fears

Banco Santander Brasil has significantly lowered its year-end target for the Ibovespa from 160,000 to 145,000, reflecting the general bearis

Vietnamese Steel Producers Echo Thailand's Concerns over Steel Dumping from China in the Region

Vietnam and Thailand are taking a regional approach to address the surge in Chinese steel imports, known as steel dumping. Vietnam's April 2

Milei’s Historic “Pacto de Mayo” to Revive Argentina’s Economy and Real Estate Market

In a historic move, Argentina's President Javier Milei is set to sign the "Pacto de Mayo" on May 25, a significant date in the country's his

Thailand Targets Chinese Steel Dumping Representing 70% of Domestic Consumption

Thailand's Ministry of Commerce is contemplating broadening current anti-dumping measures against Chinese hot-rolled coil steel, which makes

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Geopolitics

UAE's Role in Gold Smuggling from Africa Could Jeopardize Its Investment Ambitions on the Continent

A 2024 Swissaid report reveals that between 321 and 474 metric tons of gold are smuggled from Africa annually through artisanal mining, repr

Removing the Philippines' 60-40 Rule Could Entice Investors But Also Destabilize the Status Quo

In 2023, the Philippines saw $8.9 billion in FDI net inflows, a 6.6% decline from 2022. Comparatively, Singapore attracted $141.2 billion, V

Navigating the Platinum Market: The Role of South Africa's 2024 Elections

South Africa's upcoming general election could significantly impact the global platinum market, with potential implications for the country'

Vietnamese Steel Producers Echo Thailand's Concerns over Steel Dumping from China in the Region

Vietnam and Thailand are taking a regional approach to address the surge in Chinese steel imports, known as steel dumping. Vietnam's April 2

Spain Recalls Ambassador Following Milei's Remarks on Corruption Allegations Linked to Spanish Prime Minister's Wife

Spain withdraws ambassador from Buenos Aires after President Javier Milei's remarks on corruption allegations against PM Sánchez's wife earl

The Giant USS George Washington Pays First Visit to Brazil Since 2015 Commemorating 200 Years of Diplomatic Relations

U.S.-Brazil military ties remain strong despite diplomatic strain caused by Brazil's President Lula's alignment with China, distancing Brazi

Milei’s Historic “Pacto de Mayo” to Revive Argentina’s Economy and Real Estate Market

In a historic move, Argentina's President Javier Milei is set to sign the "Pacto de Mayo" on May 25, a significant date in the country's his

Thailand Targets Chinese Steel Dumping Representing 70% of Domestic Consumption

Thailand's Ministry of Commerce is contemplating broadening current anti-dumping measures against Chinese hot-rolled coil steel, which makes

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Real Estate

Kigali's $2 Billion Innovation City Construction Scheduled to Begin in September 2024

The $300 million construction of Kigali Innovation City (KIC) will start in September, following agreements signed between the Government of

Canadian Pension Fund Exits Manhattan Office Sector with 90% Loss in Firesale Deal

The $437 billion Canadian pension plan recently sold its 45% stake in 10 East 53rd Street for $7M, a 90% loss from its 2012 purchase price o

Fibra UNO Escalates Courtship of Terrafina's Assets Aiming to Create Mega-Industrial REIT in Mexico

Fibra UNO's proposed industrial mega-merger aims to create Mexico's largest industrial REIT by combining three portfolios into 487...

Imminent $239 Million Office Property Default Expected, This Time in Seattle

A $239 million loan by Martin Selig Real Estate, a major player in Seattle's property market, has been sent to a special servicer. The loan,

Vietnam's Property Sector Attracts $1.98 Billion of FDI So Far in 2024, up 70% Year-on-Year

Vietnam attracted $1.98 billion in foreign direct investment (FDI) in its property sector in the first five months of 2024, a 70% increase y

Bankenveld District City Development in Johannesburg Clears Key Hurdle with Land Purchase Approval

A major real estate project in the northern suburbs of Johannesburg, named the Bankenveld District City, has recently received Competition C

PIMCO's $3.9 Billion Office Acquisition Leads to $1.7 Billion Loan Default and $700 Million Haircut

PIMCO's $1.7 billion office loan tied to a 5.5 million sf portfolio across four U.S. cities defaulted in February 2023. The lenders, Goldman

South Africa's Power Issues Help Drive Microsoft's $1 Billion Data Center Investment in Kenya

Microsoft and G42 are investing $1 billion in Kenya's digital infrastructure, marking the largest private-sector digital investment in the c

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Commodities

UAE's Role in Gold Smuggling from Africa Could Jeopardize Its Investment Ambitions on the Continent

A 2024 Swissaid report reveals that between 321 and 474 metric tons of gold are smuggled from Africa annually through artisanal mining, repr

USAID Administrator Announces New Investments Along the Lobito Corridor

USAID Administrator Samantha Power and Deputy Secretary Richard Verma visited Luanda, Angola, on April 23-25, 2024. They focused on enhancin

UAE Sets the Pace for Gulf Investments in Africa’s Mining Sector

The United Arab Emirates (UAE) has emerged as a major player in Africa's critical minerals sector, driven by the global shift towards clean

Power Delivery Issues Eclipse Vietnam's Anti-Corruption Efforts

Vietnam's power delivery concerns have been a significant issue since 2020, when electricity demand began outpacing generation capacity. In

Navigating the Platinum Market: The Role of South Africa's 2024 Elections

South Africa's upcoming general election could significantly impact the global platinum market, with potential implications for the country'

Vietnamese Steel Producers Echo Thailand's Concerns over Steel Dumping from China in the Region

Vietnam and Thailand are taking a regional approach to address the surge in Chinese steel imports, known as steel dumping. Vietnam's April 2

Thailand Targets Chinese Steel Dumping Representing 70% of Domestic Consumption

Thailand's Ministry of Commerce is contemplating broadening current anti-dumping measures against Chinese hot-rolled coil steel, which makes

China's BYD Postpones Chile Lithium Ambitions as U.S.'s Albemarle Gets 240,000 Metric Tons Lithium Quota Boost

Chile's CORFO has agreed to increase Albemarle's lithium production quota by 240,000 metric tons of lithium metal equivalent (LME), nearly 5

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Outsourcing

Fibra UNO Escalates Courtship of Terrafina's Assets Aiming to Create Mega-Industrial REIT in Mexico

Fibra UNO's proposed industrial mega-merger aims to create Mexico's largest industrial REIT by combining three portfolios into 487...

Nearshoring Surge Increases Complexity for Cross-Border Carrier Shipments into Mexico

The nearshoring boom has added complexity to US-Mexico cross-border shipments. US carriers need a 3:1 trailer-to-tractor ratio, with border

Mexico's Labor Woes and Lack of Investment Hamper Toyota's North American Production

A recent report by Reuters indicated that Toyota halted production for 19 days in February and March at one of its Mexican production facili

Purina Boosting Investment in Guanajuato Adding 94 Jobs to 600 Already Employed in Mexican Facility

Nestlé Purina invests $221M in Mexico, its top Latin American market, expanding its pet food plant in Silao to become the largest in the reg

China's BYD Postpones Chile Lithium Ambitions as U.S.'s Albemarle Gets 240,000 Metric Tons Lithium Quota Boost

Chile's CORFO has agreed to increase Albemarle's lithium production quota by 240,000 metric tons of lithium metal equivalent (LME), nearly 5

Colombia Plans $20 Billion Rail Corridor as Panama Canal Alternative Through the Darién Gap

The Turbo-Cupica corridor aims to revitalize Colombia's railway infrastructure, offering an alternative to the Panama Canal. With a $19.4 bi

Panama's Non-Action to Secure Darien Gap Frustrates Mexico's Nearshoring Ambitions

The Darien Gap, a remote jungle between Panama and Colombia, is a dangerous route for migrants seeking to cross into the US. In 2023, 520,00

Biden Must Hold Mexico Accountable For Steel Flood

This Washington Times article by Michael Stumo highlights the significant trade issues between Mexico and the United States, particularly in

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Technology