WAM
24 Oct 2025, 00:02 GMT+10
SHARJAH, 23rd October, 2025 (WAM) -- Pacific and African representatives at the Sharjah Investment Forum-World Investment Conference (SIF-WIC 2025) called for a global shift in how investors assess risk and reward, urging greater recognition of the untapped potential in Small Island Developing States (SIDS), Landlocked Developing Countries (LLDCs), and Least Developed Countries (LDCs).
During the session titled "Looking at the Glass Half Full - The Comparative Advantage of SIDS, LLDCs, and LDCs," moderated by Dushyant Thakor, Deputy Executive Director of the World Association of Investment Promotion Agencies (WAIPA), panellists discussed how inclusive policies, digital transformation, and sustainable resource management can unlock growth in smaller economies.
Joe Phillips, Managing Director of Beyond Borders Development Group, said investors must shift from risk aversion to opportunity recognition, noting that smaller economies "are often faster to reform, more agile to implement, and increasingly provide first-mover advantages in renewable energy, blue economy, and digital transformation."
Tebantaake Keariki, Deputy Secretary at the Ministry of Internal Affairs of Kiribati, outlined her country's efforts to attract responsible foreign investment through transparent legislation and a structured approval process under the Foreign Investment Act 2018. Kiribati recorded foreign direct investment worth US$5.11 million (AED19 million) in 2023, marking a 19.68 percent increase from 2022.
Saleh Saad Mohamed, Executive Director of the Zanzibar Investment Promotion Authority (ZIPA), presented Zanzibar's sustainable investment approach based on the triple bottom line - people, planet, and prosperity. He cited the US$10 billion strategic partnership with Qatar as a milestone in the island's economic transformation and noted ongoing efforts to diversify beyond tourism, which currently contributes about 30 percent of GDP and employs over half of the youth.
The session formed part of the two-day SIF-WIC 2025, held under the theme "Transforming Our World: Investing for a Resilient and Sustainable Future." The event brought together more than 10,000 participants from 142 countries to promote dialogue on inclusive, sustainable, and forward-looking investment strategies.
Get a daily dose of Sierra Leone Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.
More InformationBERLIN, Germany: China has once again become Germany's largest trading partner, overtaking the United States in the first eight months...
WASHINGTON, D.C.: Global companies have reported more than US$35 billion in costs tied to U.S. tariffs, but many are now scaling back...
NEW YORK CITY, New York: Goldman Sachs has warned that global supply chains for rare earths and other critical minerals face mounting...
NEW YORK, New York - U.S. stock markets fell on Wednesday as renewed weakness in technology shares and cautious sentiment ahead of...
HONG KONG: China's economy grew 4.8 percent year-on-year in the July–September quarter, the slowest pace in a year, as U.S. tariffs,...
PARIS, France: Kering has agreed to sell its beauty business to L'Oréal for 4 billion euros (US$4.66 billion), marking one of the first...
New York [US], October 23 (ANI): The US Department of Homeland Security said on Wednesday (local time) that its agents arrested nine...
SHARJAH, 23rd October, 2025 (WAM) -- Pacific and African representatives at the Sharjah Investment Forum-World Investment Conference...
ABU DHABI, 23rd October, 2025 (WAM) -- The United Arab Emirates expressed its solidarity with the Republic of Uganda over the road...
(Photo credit: Katie Goodale-Imagn Images) Augusta National chairman Fred Ridley said the recent change in invitation criteria announced...
(251023) -- JAKARTA, Oct. 23, 2025 (Xinhua) -- Zhang Qingying of China gestures before the Women's All-Round Final at the 53rd FIG...
AMMAN, Oct. 23 (Xinhua) -- Every year, millions of birds trace ancient aerial highways connecting Europe, Asia, and Africa. Jordan,...
