Businessman using laptop connecting to AI tech financial concept

AI Central to Nigeria’s Insurance Future – Stakeholders

Businessman using laptop connecting to AI tech financial concept

Consumers apathy due to bad experience they have had in the past is affecting policy renewals

The regulatory body for insurance in Nigeria has acknowledged Artificial Intelligence (AI) as being key to the future of insurance business in the country.

The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr Sunday Olorundare Thomas, stated this in a keynote address at the eighth national conference of BusinessToday, held in Lagos, with the theme, ‘The World of AI: How Insurance and Pension Sectors Can Explore Opportunities for Market Penetration.’

Thomas urged insurance operators to increase adoption of AI as it offers better productivity and enhance profitability, while ensuring quick service delivery and claims payment to insurance consumers.

Related PostsNigeria’s burgeoning kidnapping industry: Whither state governors?Exemplify genuine concern for one another, Pastor Ighodalo urges leadersIn Nigeria, is electricity no longer for the poor?

Represented at the conference by the Deputy Director, Lagos Office of NAICOM, Ajibola Olabisi Bankole, Thomas pointed out that technology adoption is part of the 10-year roadmap of the insurance industry.

Thomas added that NAICOM, as a regulator, will continue to evolve policies that will engender the growth of the industry, increase penetration and contribution to nation’s Gross Domestic Product (GDP).

President, Chartered Insurance Institute of Nigeria (CIIN), Mr Edwin Igbiti, in his goodwill message, said growing insurance industry will require the nation’s economy to be de-risked, while seeking partnership with government and other stakeholders to deepen insurance penetration.

Igbiti informed that AI will enhance the growth of insurance premium, service delivery and enable the insurance sector to contribute more to the country’s GDP.

The chairman of NEM Insurance Plc, Mr Tope Smart, who chaired the conference, expressed concern over the level of insurance penetration in Nigeria when benchmarked with the global standards and blamed it on many factors.

According to him, although the industry is working assiduously to partner agencies responsible for enforcement so as to increase insurance adoption, the lack of, or low enforcement is affecting the adoption of compulsory insurances.

Smart said: “It is quite saddening that out of a population of 200 million, only about three million people are actually insured. Lack of enforcement is a challenge but the industry is working round the clock to increase enforcement through the regulatory and enforcement bodies.

“Consumers apathy due to bad experience they have had in the past is affecting policy renewals but I can assure Nigerians that there are various complaint avenues for people to lodge complaints. If your legitimate claims are not settled, you can approach Nigerian Insurers Association (NIA) and NAICOM and if your complaints are genuine, they will be definitely resolved,”

The Managing Editor of BusinessToday Communication Limited, Mrs Nkechi Naeche-Esezobor, while welcoming the guests, said that the theme of the conference provided ample opportunity to deliberate and fashion out strategies that both the insurance and pension sectors can deploy to enhance consumer value, service delivery and further deepen market penetration.

She noted that the Nigeria’s insurance industry reached N1 trillion premium income target last year, which is a milestone that could rise faster with the right technology, including AI.

Naeche-Esezobor said, “AI is transforming insurance industry, especially in underwriting, customer support, advertising, claims and fraud prevention.” According to her, in pension industry, just by simply automating various aspects of pension management from data analysis to investment decision-making, AI minimises the need for extensive human intervention, adding that savings can be passed to pension holders to enhance their overall returns.

South African, Rands

February Salary Surge Indicates Positive Trend for Yearly Pay Increases in SA

South African, Rands

This year’s business environment is expected to improve somewhat, unlike the previous two years

The monthly BankservAfrica Take-home Pay Index (BTPI) experienced another positive month in February amid the better-performing environment, resulting in companies increasing their employees’ average salaries over the last three months.
“The average nominal take-home pay reached R16,085, which was 4.6% growth on a year-ago and also 2.5% up on January’s R15,692,” says Shergeran Naidoo, BankservAfrica’s head of stakeholder engagements.

“In real-terms, the monthly take-home pay tracked higher at R14,354 in February 2024, slightly below year-on-year levels.”

This year’s business environment is expected to improve somewhat, unlike the previous two years where persisting economic challenges significantly impacted companies and their ability to pay inflation-related increases.

“While it is still early days, the BankservAfrica data signals 2024 could be a better year for salaries,” says Elize Kruger, independent economist.

Furthermore, although mediocre economic growth is forecast for 2024, the economy is expected to perform somewhat better than the 0.6% reflected in 2023. This is, however, dependent on reduced load shedding, a moderation in average inflation and interest rate cuts.

Salary growth forecasts

A comparison of the average nominal BTPI for the three months to February 2024, to the corresponding three months one year earlier, reveals a 6.4% increase, according to Kruger.

This is broadly in line with the South African Reserve Bank’s (Sarb) forecast of an average salary increase of 6.1% for 2024.

The figure also aligns with the results of a recent pay poll by Andrew Levy & Associates, indicating the majority of companies (58%) anticipate their average increase in respect of salaried staff to be in the region of 5% to 6.9%.

Headline CPI moderated notably from 6.9% in January 2023 to 5.3% one year later and is forecast to average around 5.3% in 2024 compared to 6.0% and 6.9% in 2023 and 2022, respectively.

“With a forecast average salary increase of about 6%, 2024 could be a year of positive real increases in average salaries again, which will see the purchasing power of salary earners improve somewhat compared to the previous two years,” says Kruger.

Factors affecting household finances

Additionally, a lower inflation rate combined with some relief forecast for interest rates could provide much-needed support to households in terms of their spending ability and confidence levels. This will likely only be evident in the second half of this year.

The repo rate is likely to remain unchanged at next week’s Monetary Policy Committee meeting as sticky headline inflation, the weakness in the rand exchange rate and concerns about food prices could keep the Sarb from providing early relief.

The BankservAfrica Private Pensions Index (BPPI) increased in nominal and real terms in February 2024, remaining comfortably above year-ago levels.

“The average nominal private pension increased to R10,774 in February 2024 compared to the previous month’s R10,653, which was 7.1% higher than a year earlier,” says Naidoo.

Similarly, in real terms, the average BankservAfrica BPPI increased by 1.3% in February 2024 compared to a year earlier, beating inflation again.

Happy business people, handshake and meeting

African Businesses Overcome Funding Issues to Power Growth with Innovative Partnership

Happy business people, handshake and meeting

The Shoprite Group and Demica enable growth of 82 African suppliers with CredX supply chain finance program

In a collaborative effort to bolster the growth of African small and medium-sized enterprises (SMEs), the Shoprite Group, Africa’s largest supermarket retailer, and Demica, a leading supply chain finance solutions provider, joined forces at the end of 2022 to provide accessible and affordable funding opportunities.

Over the past year, this partnership has already benefitted 82 suppliers, including Classic Food Brands, Rieses Food Imports, Pretty Bright Girls, and Mighty Meats, offering them a financial tool to not only survive but also accelerate their businesses.

A little over a year ago, Demica collaborated with the Shoprite Group to introduce the technology-led CredX supply chain finance program. Recognising that the sustainability of South Africa’s future hinges on the success of SMEs, the Shoprite Group identified cash flow as the lifeblood of its suppliers.

By leveraging Demica’s platform technology, CredX aids SMEs with easy-to-access cash flow, particularly those who might otherwise have limited access to affordable funding in South Africa.

Prior to the introduction of the CredX program, many of these suppliers faced challenges accessing cost-effective capital, which not only hindered their growth and investments but also posed challenges for the post-pandemic economic recovery.

Ashley Fuller, Business Owner of Profile Concepts, one of the suppliers to Shoprite Group using CredX emphasised the critical role played by this partnership during challenging times: “Covid-19 placed a severe strain on our cash flow, with the service CredX and Demica offers, we have been able to achieve the desired cash flow level to continue trading.”

Gerrit Kraaij, Accounts Manager at Full Basket, another business benefiting from CredX, highlighted the transformative impact of the program: “The product has made a significant difference in our SME’s cash flow and has allowed us the opportunity to grow by ± 50%. It took our business to the next level and gave us the opportunity to launch new products.”

The platform also helps suppliers overcome the peaks and troughs of seasonal cashflow often typical of food production. Willie Pieterse, Managing Director at Berkeley Foods elaborates: “By making use of the platform, our cash flow has seen an increase during winter. It would not have been a pleasant winter, if we had not explored this opportunity.”

The success of the CredX program can be attributed, in part, to its user-friendly platform, which enables suppliers to be onboarded and accessing cash within 24 hours without any additional KYC requirements being performed. The Demica Supplier Onboarding Tool offers a quick and intuitive registration process, automating supplier enrolment for Shoprite while enabling suppliers to efficiently navigate the economic landscape.

The platform’s robust analytics engine provides transparent, real-time reporting and transaction visibility, empowering suppliers to make data-driven decisions swiftly. Demica and the Shoprite Group remain committed to expanding the CredX service to more suppliers, further supporting SME development across Africa.

“Demica’s mission has always been to enable more businesses to provide and access supply chain finance, and our partnership with the Shoprite Group exemplifies our commitment to this cause. Witnessing the transformation and resilience of these African entrepreneurs as they navigate challenges and achieve growth is truly inspiring. We are proud to provide the tools and support that enable them to write their own success stories”. Comments Johannes Wehrmann, Manging Director, Corporate Solutions at Demica.

“At Shoprite, we’ve always believed in the potential of local businesses to drive economic growth and bring positive change to communities.” Explains Dolf Boshoff, Head of Credit Risk and Governance at Shoprite Group. “Our collaboration with Demica is not just about business; it’s about fostering a stronger, more inclusive future for South Africa and the broader African region. It’s heartening to see the impact on our suppliers, their growth, and the opportunities they’re creating. This is the spirit of partnership that keeps us moving forward.”

With a legacy dating back to 1979, the Shoprite Group has garnered over 40 years of experience in leading food retailing across Africa. The company boasts a vast network, comprising more than 2,791 corporate stores, 535 franchise outlets, and a dedicated workforce of over 153,000 employees. In addition to its core grocery business, the Shoprite Group encompasses various sectors, including furniture, pharmaceuticals, hospitality, ticketing, digital commerce, and financial and cellular services. This conglomerate stands as Africa’s largest fast-moving consumer goods retailer.


Trakhees Processes More Than 50,000 Transactions During 2023

  • Abdullah Belhoul: To uphold the advancement of the world’s finest business environment in accordance with the guidance of wise leadership

The Department of Planning and Development – Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation (PCFC), completed more than 50,000 transactions carried out by the Trakhees’ Licensing Department during 2023, with a growth rate of (3%) compared to last year at the level of Federal Licenses, Free Zone Licenses, and Government Transactions in development areas. Private companies that fall under the supervision of the PCFC.

In this context, H.E. Engineer Abdullah Belhoul, CEO of the Department of Planning and Development – Trakhees, confirmed that this success is due to the mechanism adopted by the Licensing Department regarding facilitating commercial licensing work in the Emirate of Dubai, in addition to the continuous focus on providing high-quality and efficient services, which has contributed to enhancing customer trust by providing a distinctive experience across various channels.

The CEO of the Trakhees Department commented on this achievement, saying: “We are proud of the growth we have achieved over the past year, as it is evidence of the growing confidence on the part of our individual and corporate customers to benefit from all the services offered through our digital channels, available through the PCFC website ( or the smart application (Trakhees), which contributes to reducing the customer’s journey time to obtain services, and achieves their happiness and satisfaction”.

Abdullah Belhoul explained that the department is keen to implement the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to bolster the economy and elevate Dubai’s standing as a premier global destination, renowned for its appeal to investments and entrepreneurial ventures.

He added: “Trakhees Department seeks to develop and expand the services it provides for the benefit of individuals and companies, such as issuing commercial licenses, issuing employment visas, and others, with the aim of keeping pace with the aspirations of entrepreneurs in the Emirate to ensure the promotion of the best business environment in the world and to make Dubai a global capital of trade and economy.”

He stated that the results related to Federal Licenses transactions indicate a high rate of demand for renewing Federal Licenses, reaching about 7,000 transactions, in addition to the reservation of more than 3,000 Trade Names, with 2,650 Trade Names for Federal Licenses and 646 Trade Names for Free Zone Licenses, during the year 2023 in Special development areas that fall under the supervision of the Ports, Customs and Free Zone Corporation, which reflects the growing confidence of entrepreneurs in the services provided and encourages further development and growth in the future, as International City ranked first in the list of sites obtaining local license transactions with 571 licenses. Then Jumeirah Village Circle came in second place, followed by Palm Jumeirah and Dragon Mart.”

The final statistics issued by the Licensing Department of the “Trakhees” Department regarding free zone license transactions during the year 2023 indicated that more than 1,300 free zone licenses were renewed by the department’s clients, both individuals and companies.

Regarding government services transactions, reports indicated that the number of government transactions during the year 2023 reached 31,804 transactions, which was accompanied by a growth in the number of work permits issued by the department, reaching the approval of 7,417 work permits and the renewal of 2,045 work visas in Dubai, and progress was also made on the service of issuing a card. Facility to reach 1926 transactions.

Commenting on these results, the CEO of the “Trakhees” Department praised the efforts of the work team in the Licensing Department and its relevant departments, expressing his optimism for continuing to provide high-quality services and achieving sustainable growth in the coming years in accordance with the highest standards and practices, appreciating the tireless efforts made by the Licensing Department in The field of sustainable economy with the aim of enhancing the process of economic growth and achieving the corporation’s vision of strengthening Dubai’s position as a leading sustainable center to support the economic sector at the global level.


Federal Tax Authority Earns ISO Certificate for Implementing International Standard In Its Innovation Management System


The innovation management system of the Federal Tax Authority (FTA) has earned a new international accreditation, in recognition of it implementing  global best practices and standards that enhance the effectiveness and efficiency of innovation management.

The Authority has been awarded the ISO 56002:2019 certificate, confirming its success in implementing the international standard for innovation management. This achievement coincides with the FTA’s participation in the monthlong UAE Innovates 2024 initiative.

The certification was granted after experts from the certifying body audited the FTA’s system and verified the accuracy of all related procedures. The Authority passed the audits successfully, confirming that its system provides an effective framework for driving innovation. The certificate also demonstrates that the FTA’s performance ratings in terms of innovation have notably improved, ensuring the Authority’s continued support for regulatory reform programmes.

His Excellency Khalid Ali Al Bustani, Director General of the FTA, said: “The ISO certification for the innovation management system provides an added layer of assurance to the Federal Tax Authority’s systems, particularly in relation to the innovation environment and its growth. This also demonstrates the Authority’s commitment to establishing an institutional environment that fosters creativity and innovation, and prioritises the development of skills and talents of innovation management employees.”

“The objective is to encourage the generation of innovative and effective solutions to the challenges and opportunities, while employing innovative tactics to achieve sustainable financial diversification for the UAE for generations to come,” H.E. Al Bustani added. “The FTA strives to continuously improve and streamline procedures, provide high-quality services, and facilitate self-compliance.”

For his part, Jassim Al-Haddad, Head of the FTA’s Innovation Team, said: “Earning this international certificate in the field of institutional innovation is a testament to the Federal Tax Authority’s exceptional structure in the innovation sector, which adheres to the best practices in the field. Implementing the ISO 56002:2019 international standard further confirms that the Authority has successfully developed, implemented, and maintained a secure and effective system for managing innovation, in an effort to enhance its operations and continuously improve the system. This, in turn, helps in creating novel solutions to meet the needs of customers and stakeholders in the tax sector.”

The Federal Tax Authority has been consistently working to adopt international standards for its systems and processes, which includes the ISO 56002:2019 certificate for innovation management, as well as several other international accreditation certificates. The Authority has renewed its accreditation for the international standard for business continuity management system (BCMS) and disaster recovery with an ISO 22301 certification, in addition to earning the ISO 20000 and ISO 27001 accreditation certificates for information technology services management system, and the information security management system.

These efforts form part of the Authority’s comprehensive quality system, which was previously certified with the ISO 9001:2015 Quality Management System certificate. The purpose of this system is to enhance the performance of the FTA’s business processes in all areas, ensuring compliance with the requirements of an effective quality management system and a continuous commitment to it in all services provided by the Authority.

Ethra Invest

Best Private Equity & Investment CEO 2023: Saeed Al-Marri

Ethra Invest

Specialising in providing bespoke solutions and strategic investment services to a wide range of clients, Ethra Invest is a distinguished investment and private equity firm that has redefined excellence within the Middle East. At the heart of this immense success is its CEO, Saeed Al-Marri. With growth marked by a series of strategic roles and progressive responsibilities across the market, Saeed Al-Marri has established a well-deserved synonymity with industry fineness. Let us take you through his journey, and how his vision for the sector’s future has helped to elevate Ethra Invest to all new heights.

Designed to bring new solutions to the shipping, real estate, and structured funds sector, Ethra Invest is a firm that continuously leverages its in-depth market knowledge to capitalise on lucrative investment opportunities. Delivered by a team of seasoned professionals, these solutions reflect the firm’s overwhelming commitment to meticulous, research-driven investment approaches – ones that unite diligence and forward-thinking to pave the way for a far more versatile method of operation. As a result, Ethra Invest holds the ability to navigate an ever-changing landscape to great effect, earning quite the track record throughout the industry.

Whether it’s delivering consistent returns or mitigating risks, the firm has long since earned itself a reputation as one of the Middle East’s most trusted investment and private equity firms. Among its client base is a variety of entities – from high-net-worth individuals and family offices, to institutional investors and corporations. Regardless, Ethra Invest priorities tailored solutions, the likes of which only made possible due to the guidance of CEO Saeed Al-Marri. Leveraging his wealth of experience in a multitude of fields – such as fund management, financial analysis, portfolio management, and deal structuring – Saeed’s role is by far the most prominent when it comes to Ethra Invest’s promises to its clients.

This promise is, of course, that each client will receive incomparable levels of empowerment from Ethra Invest during their collaboration. Saeed has constructed the foundations of a brilliant firm, and oversees all of its pursuits in order to ensure each client achieves their financial goals. This is often time realised through a myriad of innovative and sustainable investment strategies that have been built to last – ones that stand as a testament to the hard work and experience that Saeed has put into Ethra Invest. Thanks to his unique industry insight, it’s effortlessly found itself a place at the forefront of industry advancements, which has ultimately led to its clients benefitting from cutting-edge opportunities.

Ethra Invest is a firm that embodies Saeed’s vision: “To be recognised as the premier investment and private equity firm in the Middle East, synonymous with integrity, excellence, and value creation.”. And yet, to truly understand how Saeed was able to even begin this journey in the first place, we must first look at the previous roles that have helped to characterize the type of CEO he is today. Initially commencing his career in banking and investment, Saeed actively went above and beyond to refine his skills in an array of fields. Over those years, his roles continued to advance until, eventually, he had his first experience with higher responsibilities.

This manifested through the launch of the first ever private equity managed fund in the Middle East’s shipping sector. As CEO of an investment company in the Middle East, Saeed pursued this very venture in the hopes of delivering unique opportunities to investors. These opportunities primarily consisted of direct exposure to bulk dry cargo vessels – a domain that, up until that point, had been predominantly reserved for ship owners and ultra-high-net-worth individuals. Having long since recognised the outcry for change within the shipping industry, Saeed quickly became the face of market evolution, with his initiative serving to bridge an age-old gap that had no longer had reason to exist.

Fundamentally, the concept focused on creating a private equity manage fund that allowed investors, regardless of investment amounts, to directly involve themselves in the inner workings of the shipping industry. Following its inception, this approach would come to embody the very definition of innovation, with its operations allowing investors to diversify their portfolios, whilst gaining access to areas in which they had never been permitted to have a part. As a culmination of the desire to inspire change, this venture bestowed an immense wealth of knowledge and industry capability upon Saeed, which he proceeded to take with him into his current role as CEO. With such a complex background in leadership and strategic planning, there truly is no man more equipped to navigate such a dynamic market.

Combining a deep understanding of the industry’s flow, risk management, and the nuances that partner cultivating success-driven investment strategies, Saeed has fashioned a leadership style that reflects each of his strengths in abundance. Ethra Invest is in the business of tailoring its solutions to meet even the most unique needs of its clients, but it must first gather plenty of information about just what a project requires in order to thrive. Saeed spearheads this process, guiding his team of exceptional professionals towards being able to offer a heightened level of service. Through analysing the proposed objectives, whilst taking into consideration both requirements and challenges, Ethra Invest demonstrates a prowess for understanding its clients inside out.

Ultimately, this involves engaging in in-depth consultations, all so Saeed’s team of specialists can identify the exact outline of a client’s vision, as well as their financial goals and unique circumstances. Once this thorough analysis has been completed, the team progresses to the solutions structuring stage. During this part of the process, Ethra Invest aligns its strategies with a client’s overarching goals, while maintaining an approach that’s specifically designed to achieve their desired outcome. Only possible through the confidence that Saeed has instilled into his team, in tandem with its exclusive talent, Ethra Invest promises a fully customised result via finely tuned strategies.

Acting as the cornerstone of the firm’s success, placing emphasis on achieving long-lasting, mutually respectful client relationships is essential. It’s what has granted both Saeed and his team the opportunity to continuously grow to further expand their reach. Tailored solutions are Ethra Invest’s priority, and yet there’s an unapologetic dedication to fostering timeless bonds that brightly shines throughout the company’s practises. Partnered with an immense drive to consistently exceed expectations, Saeed has elevated Ethra Invest to the point where it has come to represent the new standards of the industry.

However, in order for a collective to continuously thrive, it must frequently recognise every individual who has helped to uplift it. Saeed is a firm believer in this notion, and expresses how, despite his own expertise playing an integral role in Ethra Invest’s success, it wouldn’t have gained even half of the acclaim that it faces today if not for its team. We believe Saeed puts it best – “The success of Ethra Invest is a collective effort. I would like to highlight the exceptional contributions of our dedicated team. Their commitment, expertise, and collaborative spirit are instrumental in realizing our strategic vision and achieving the milestones that have led to the Middle East CEO of the Year Awards.”

Saeed isn’t only devoted to his team and clients, however. Quite the opposite – with enough room in his heart to consider the impact that his company has on surrounding communities, Saeed goes above and beyond to commit himself to corporate social responsibility. By ensuring that Ethra Invest actively engages in initiatives that are designed to uplift the wellbeing of the communities within which the company operates, Saeed displays an immense amount of empathy. Regardless of whether this manifests through the company’s environmental awareness, or through its dedication to social welfare and ethical business practises, keeping Ethra Invest aligned with the best interests of the local community is vital to Saeed.

Values are exceedingly important to Saeed, and it’s clear that he’s fully focused on ensuring that these values are reflected throughout every aspect of Ethra Invest. Not only has he frequently defied the expectations of a typical CEO through the perfectly tailored services that his collective offers; by remaining mindful of the world around him, Saeed has painted a comprehensive picture of exactly what the company stands for. Ethra Invest is a manifestation of Saeed’s passion for providing constant forward momentum for his clients, but his attitude truly shines through his steadfast principles. The result is a company that actively seeks out innovation and adaptation, all to be the best version of itself for the world surrounding it.

Having spent many years investing in his own personal growth, Saeed has placed himself in the ideal position to pursue endless innovation. In doing so, he has secured a wealth of benefits for Ethra Invest – ones that directly derive from having a leader who is thoroughly equipped with all of the necessary tools to navigate challenges and capitalise on opportunities within the industry. Upholding continuous development is key to this process; it’s what has assisted Saeed in renewing the excellence that Ethra Invest captures, assuring clients that they’re in the best possible hands when working alongside the firm’s team. In essence, Saeed’s commitment to career development, aligned with his love for learning, has helped to forge a timeless collective whose invaluable nature will never dwindle.

Nobody ever stops learning, and Saeed is the model example of this notion. He holds a brilliant passion for lifelong learning that translates through both Ethra Invest’s services and solutions, as well as though the team he surrounds himself with. Be it educating himself on the newest emerging technologies, or updating his industry insight to devise new strategies for clients, there isn’t anything that Saeed isn’t willing to do in order to invite success into both his and his customers’ collectives. In short, Saeed demonstrates an unparalleled love for his field, and he’s certain that it’s this very passion that has played a large part in Ethra Invest’s growth throughout the years. Partnered with the brilliance of his team, Saeed is constantly raising the bar in one of the world’s most dynamic industries.

In this vein, it’s important to mention Ethra Invest’s unshakable determination to set its sights on the future. Saeed has always been an expert of seeing the bigger picture, and places focus on, not only working on present successes, but also proactively leveraging his long-term vision for what Ethra Invest could become. Committed to building a legacy of excellence, integrity, and sustainable growth, Saeed is constantly moving Ethra Invest towards a future that’s simply filled with evolution, while delivering meaningful contributions towards the investment and private equity sector. After all, with the accomplishments that the company has seen over the years, it’s only natural to expect that the blueprint Saeed has created will continue to be followed for years to come.

It isn’t often that you come across a man who has the ability to reshape an entire industry’s idea of what excellence should be. However, Saeed Al-Marri, with Ethra Invest as a catalyst, has completely redefined what clients should expect from an investment and private equity company. Saeed has successfully created a new face for the market, and it’s this very achievement that has continuously justified his position as an award-winning CEO. Ethra Invest is such an ambitious collective, and we simply can’t wait to see where its eye for innovation and longevity takes it as CEO Saeed Al-Marri guides it into 2024.

For further information, please visit

Consumer Spending

Visa Reveals UAE Consumers Seek Banks’ Help In Understanding Environmental Impact of Spending

Consumer Spending
  • Sixty-five percent (65%) of consumers believe higher cost of sustainable products is top barrier to purchase, followed by lack of awareness (54%).
  • Interviews with SMBs and experts reveal desire to adopt sustainable practices but often hindered by lack of technical know-how.

Visa and Emirates Nature-WWF released the UAE results of their ‘2023 Sustainable Commerce’ study on the day of the United Nations Climate Change Conference (COP28) in UAE.  The study scrutinizes consumer and business behaviors, and the readiness of infrastructure to support sustainable commerce.  The joint Visa-Emirates Nature-WWF study reinforces the urgency for all industry stakeholders to take decisive collective action to promote sustainability through responsible innovation for the benefit of consumers, businesses and the economy.


Key Findings for UAE:

  • Consumers are aware of and doing something about sustainability:
    • Over two-thirds believe that decarbonization is not limited to corporate entities, and individuals can make a difference. More importantly, in the UAE, survey respondents view climate change as a leading societal challenge (63%), followed by the rising cost of living (56%), and plastic pollution (46%).
    • In terms of environmental practices, UAE consumers are leading in water conservation (86%) and rank second in ethical sourcing by supporting local farmer’s market (70%) across the GCC. Additionally, the UAE takes the lead in reducing single-use plastics with a rate of 75%, surpassing the GCC average of 72%. UAE shows robust awareness and support for NGOs promoting sustainability (57%), exceeding the GCC average of 53%, and excels in repurposing and sharing products within the community at 72%, compared to the GCC average of 68%.
  • Future bank customers: making sustainable choices
    • A significant 69% of individuals have expressed their willingness to recommend banks that provide sustainable payment options (cashless/contactless payment). 64% of consumers stated that they chose a bank with strong green credentials. Moreover, more than half of the surveyed consumers (51%) expect their banks to guide them in making sustainable financial choices.
    • Interestingly, 52% of consumers also look to their banks to help them understand the environmental impact of their purchases.
  • Sustainability among the next generation:
    • In the UAE, parents of young consumers (8-18 years old) noted that their children demonstrate a heightened receptiveness to sustainable practices and greater environmental consciousness. Their adopted habits include switching off electrical appliances not in use (54%), washing dishes or laundry with cold water (40%), walking or cycling to places (39%), opting for organic products (36%), and recycling or sharing products (35%).
    • The primary influencers driving sustainability habits among the youth include school mandates (71%), family members encouraging sustainable behaviors (68%), and social media (54%).
  • Sustainable benefit becomes a feature attraction: the key to becoming a primary card
    • Rewards for sustainable behaviors are a significant attraction, with 43% of consumers willing to make such a card their primary one.
    • Sustainability evaluations of bank providers are still mainly focused on known initiatives like reducing paper and byproduct usage.
    • Factors considered while evaluating a bank provider on sustainability include going paperless (52%) and promoting cashless payments (51%).
  • Barriers to sustainability
    • A significant barrier for the majority of UAE consumers (65%) lies in the perceived higher cost of sustainable products, closely followed by a lack of awareness (54%) regarding sustainability. As societal consciousness regarding social and environmental issues expands, the study indicates a rising preference among consumers for businesses that actively demonstrate sustainable practices.


Businesses and Sustainability

Qualitative interviews revealed that MSMEs and KOLs have a fair understanding of sustainability but lack a holistic and contextual comprehension of the concept. This gap is influenced by several barriers, including cost implications for both businesses and consumers, fear and resistance to change, pressures from competition and profitability, and resource constraints. However, there are also enablers that can foster sustainability. These encompass regulatory policies and frameworks that create the right ecosystem, sustainable financing that provides a ‘push’ effect, and the necessity for collaboration among stakeholders to drive sustainability. Visionaries, typically medium-sized businesses, grapple with significant pressure from global partners to adopt sustainability standards. However, they are often hindered by a lack of technical knowledge.

Dr. Saeeda Jaffar, Visa’s SVP and Group Country Manager in GCC, said: “More than half of consumers in the UAE are looking to their banks for guidance in making more sustainable financial choices. This underlines the growing demand for financial institutions to play a more active role in promoting sustainability. To address this need, Visa, in collaboration with ecolytiq and Mashreq, has launched the Eco Benefits Bundle. Our commitment to local sustainability is underscored by our partnership with Emirates Nature-WWF, through which we aim to co-create and implement science-based projects supporting local nature and wildlife preservation, climate action, and the green economy. We firmly believe these initiatives are steps in the right direction towards promoting sustainability through responsible innovation.”

Laila Mostafa Abdullatif, Director General at Emirates Nature-WWF, commented: “For over two decades, Emirates Nature-WWF has been a prominent and active partner in environmental conservation in the region. Cross-sectoral collaboration is at the heart of conservation success. Government policies and financial institutions have a vital role to play in driving lasting behaviour change and adoption of sustainable practices amongst consumers. We are delighted to partner with Visa on this study, as we aspire to build a sustainable future for generations to come.”

Visa’s Sustainable Commerce study analyzed consumer behavior and merchant readiness for sustainable commerce in the UAE, Saudi Arabia, Kuwait, and Qatar.  Visa recently launched the Eco Benefits Bundle, a groundbreaking climate banking platform in collaboration with ecolytiq and Mashreq. This innovative solution integrates eco-friendly features into card payments, enabling users to track their environmental impact and contribute to carbon offset initiatives.

Visa is committed to making a positive impact through local sustainable initiatives, demonstrated by a $250,000 grant to Emirates Nature-WWF. This collaboration aims to co-create and implement science-based projects supporting local nature and wildlife preservation, climate action, market transformation, the green economy, and food and water security in the UAE.

Egypt Cairo

Egypt Non-Cash Transaction Volumes Set to Reach $16.34bln in 2023

Egypt Cairo

Non-cash transaction volumes will reach 1.3 trillion by 2023 globally

The Capgemini Research Institute’s 2023 World Payments Report, published earlier, reveals that non-cash transaction volumes will reach 1.3 trillion by 2023 globally, whilst according to Statista, the Egyptian market is expected to reach US$16.34bn in 2023. As consumers and businesses adopt new digital payment schemes, the report suggests this growth will accelerate to 2.3 trillion by 2027 globally, growing at a rate of 15% annually. In Egypt, digital payments’ total transaction value is expected to show an annual growth rate (CAGR 2023-2027) of 14.03% resulting in a projected total amount of US$27.63bn by 2027.

The expanding digital payment infrastructure, regulations, and open banking are swiftly changing how customers and businesses pay for goods and services. According to the report, by 2027, new payment methods (instant payments, e-money, digital wallets, account-to-account, and QR code payments) will gain more popularity comparing to traditional non-cash payments (checks, direct debits, cards, and credit transfers). In Egypt, the volume of non-cash transactions increased by 46% in 2023, reaching a value of EGP10 trillion, according to a report by the Central Bank of Egypt (CBE). Since 2019, New payment methods in non-cash transactions have also have experienced significant growth, marked by the increasing, the increasing number of credit cards, POS, and digital wallets.

The most popular non-cash payment method in Egypt in 2023 was card payments, accounting for 46% of all transactions. However, the report also noted that new payment methods such as instant payments, e-money, digital wallets, account-to-account, and QR code payments are gaining popularity among consumers and merchants. According to a survey by PwC Egypt, 62% of consumers and 58% of businesses used digital wallets in 2023, compared to 42% and 36% respectively in 2020. The survey also found that 54% of consumers and 48% of businesses used QR code payments in 2023, compared to 32% and 28% respectively in 2020.

“In an era marked by remarkable digital transformation, Egypt’s payments landscape is evolving at an unprecedented pace,” Eng. Hossam Seifeldin, CEO of Capgemini Egypt, says. “The surge in non-cash transactions and the increasing adoption of new digital payment methods reflect the market’s dynamic evolution. This reflects a substantial shift in how businesses and consumers engage within Egypt’s economy. At Capgemini Egypt, we are committed to driving innovation, fostering financial inclusion, and partnering with our clients to navigate this transformative journey effectively. We believe that by harnessing the power of technology and collaboration, we can contribute to shaping a more connected and digitally empowered future for Egypt.”

Capgemini’s report reveals over half of corporate treasurers believe the rising globalization of trade and ongoing supply chain disruptions have driven demand for effective and efficient cash management services (CMS). Another third said evolving risks (geopolitics, and cybersecurity) made CMS critical, while nearly 30% call out rising inflation causing their growing need for better cash management.

As corporations navigate economic headwinds, current CMS offerings largely underwhelm multinational corporates, despite having more than 27 banking relationships on average to meet treasury needs. Over 70% of enterprise executives said they face issues in dispute negligence, poor credit risk assessment, and delayed or duplicate payment processing. However, the solution is clear with around two in three (63%) payment executives citing legacy infrastructure barriers as the biggest hinderance to providing efficient CMS.

“The current model of tackling cash management services needs an overhaul. Corporate executives are feeling the pressure from mounting inefficiencies across lengthy cash conversion cycles,” said Jeroen Hölscher, Global Head of Payments Services at Capgemini. “What’s clear from our report is that a robust digital foundation is the path forward to optimize the value chain. By simplifying the inherent complexity of their own operating and IT models, banks and payment firms can boost productivity and performance to manage client treasury needs.”

New payment solutions and key industry initiatives are fueling the growth of digital payments among enterprises. Expectations are also changing, with 63% of corporate clients are demanding a retail-like payment experience from their banks in 2023.

The payments sector has been at the forefront of digitization, however, it’s coming at a cost with compliance to local, regional and international regulations (including ISO20022 and SWIFT global payments initiatives) leaving limited room for investments in future innovation. Payment executives cite nearly 80% of traditional payment revenue sources are stressed and service providers must rebalance their focus between retail and commercial payments. Globally, more than 50% of payment executives believe commercial payments offer a better profit potential than retail payments.

End-to-end digital transformation in transaction banking requires top-down commitment, cohesive planning, and a unified purpose for structural reforms. Sixty-seven percent of bank executives acknowledged that strategically partnering with corporate clients reduces the threat of disintermediation by FinTechs and PayTechs; and 57% of payments executives said strategic banking partners enjoy increased cross- and up-selling opportunities because of these relationships. To nurture strategic cash management relationships with corporate clients, the report offers banks and payment firms a three-layered strategy: Simplify the back office to enable innovation and agility, perform with platforms to boost cash management efficiency, and engage with corporate clients as strategic partners, not service providers.

dviser meeting to analyze and discuss the situation on the financial report

Afreximbank Provides EUR10 Million to Banque Postale du Congo for Small and Medium-Sized Enterprise (SME) Financing

dviser meeting to analyze and discuss the situation on the financial report

African Export-Import Bank (Afreximbank) has signed a landmark agreement with Banque Postale du Congo (BPC) to provide the Congolese bank with an EUR 10-million factoring facility to support SMEs in the Republic of Congo and the CEMAC region.

Signed on behalf of the two institutions by Kanayo Awani, Executive Vice President, Intra-African Trade Bank, Afreximbank, and Calixte Tabangoli, Chief Executive Officer, BPC, during a ceremony in Cairo on 30 March, the facility will enable BPC to expand its factoring activities by engaging in domestic and cross-border factoring.

The facility builds on a strong partnership that has existed between Afreximbank and BPC for more than five years which has seen them collaborating in a series of initiatives aimed at supporting factoring. These have included facilitating the adoption of a factoring law in the Republic of Congo with the objective of creating an enabling legal and regulatory environment for the growth of factoring as an alternative method of financing for SMEs.

Afreximbank recognises factoring as an important tool for expanding and facilitating African trade, particularly for SMEs. As a member of the Africa Chapter of the FCI, the largest representative body for the factoring industry, Afreximbank has been working with local banks in its member states to seize the opportunities found within the factoring industry while educating and providing support to ensure that world class standards are established and replicated in Africa’s factoring industry, especially as trade under the African Continental Free Trade Area agreement is taking shape.


Mr. Calixte Tabangoli, Chief Executive Officer, Banque Postale du Congo commented: “A few years ago, no one could have imagined that we could accomplish what we did today – becoming the leading factoring business in the Republic of Congo. We do not take this position for granted. As I always say, becoming the number one is difficult, but maintaining the number one position is more difficult. That is the reason why our strategic development plan 2023-2025 has concrete steps for BPC towards becoming the first Congolese Banking Group, with a factoring subsidiary. We are ready to take factoring to a fundamentally new direction. That said, we will need more support from the Bank, and do not be surprised to see us again”.


Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade Bank, commented:

“The significance of this transaction is not lost on us at Afreximbank, given the strong partnership we have developed with Banque Postale over the years in support of factoring. This partnership has yielded positive results, including the adoption of the Afreximbank Factoring Model Law by the Republic of Congo in 2021 and the sensitisation and awareness campaigns conducted by our two institutions which have helped bring factoring to the fore as a major alternative to trade finance in the Republic of Congo. We are confident that this support will enable Banque Postale to capitalise and strengthen its factoring business and allow it to provide adequate support to those SMEs in Congo that have limited access to bank financing. In line with our strategic plan, Afreximbank remains fully committed to supporting Banque Postale as it advances its mission to promote factoring in Congo and the Central Africa Region.”

Maputo downtown cityscape, capital city of Mozambique,

Mozambique Expands Locally-Led Climate Resilience, with Support from the European Union

Maputo downtown cityscape, capital city of Mozambique,

The Government of Mozambique and the European Union signed a 4,5 year agreement worth EUR 10 million to expand climate finance in the country through the Improving Local Climate Resilience in Mozambique (MERCIM) Program, technically supported by the United Nations Fund for Capital Development (UNCDF).

The announcement was made during the MERCIM Program Steering Committee on Friday, March 17, after a capitalization workshop on good practices to share learnings about the capacity of subnational governments to reduce climate vulnerability through locally led action.

The MERCIM Program was created in 2019 by the Ministry of Land and Environment, aimed at four districts (Memba, Mopeia, Morrumbala and Mossuril), in the Provinces of Zambezia and Nampula, selected in consultation with the Government of Mozambique and its development partners. With its expansion, MERCIM+ now covers 10 districts in four provinces, including Cabo Delgado, Nampula, Sofala and Zambezia.

“Nature continues to test our response and preparedness capabilities against extreme weather events,” said Permanent Secretary of the Ministry of Land and Environment (MTA), Ms. Emilia Fumo. “We feel firsthand what the impacts of climate change are and a clear example of this is cyclone Freddy that is currently hitting the country and cyclone Gombe last year, both exactly in the provinces where we have implemented MERCIM,” she continued.

According to MTA’s Permanent Secretary, what was done during the last years of the program’s implementation prevented the loss of lives and essential infrastructure, as well as the continued provision of essential basic services.

“We need to strengthen the capacity of local governments to adapt to the changing climate so that the impact of extreme weather events is less and less; And that means expanding the MERCIM project to the entire country,” said Ms. Emilia Fumo.

Mozambique is among the top three countries in Africa most vulnerable to climate change. In the last decade, Mozambique has been hit by six cyclones and two tropical storms, impacting around four million people. Cyclone Freddy is the latest of these, affecting around 800,000 people.

During her speech, the Head of Cooperation of the European Union in Mozambique, Ms. Paula Vazquez Horyaans, stated that “supporting adaptation to the impact of climate change is a key priority for the European Union.”

“We have supported the government in implementing its environmental and climate policies and programs since 2010 through various initiatives; It is our intention to maintain this role in the future,” Ms. Paula Vazquez Horyaans, Head of European Union Cooperation in Mozambique.

For Mrs. Horyaans, support for the implementation of the Nationally Determined Contribution of Mozambique assumes a central place in the multi-annual cooperation program of the European Union with the country, in which “MERCIM holistically supports the three levels of government to implement climate adaptation strategies and actions for the benefit of all Mozambican men and women.”


Strengthening the capacity of local governments

MERCIM uses UNCDF methodologies that strengthen the capacity of local governments to improve the delivery of climate-resilient basic services to communities and to enhance decision-making processes based on local knowledge.

This means providing capacity building and technical assistance to governments so that communities can actively participate in planning, budgeting, and other local governance processes in a gender-sensitive manner.

To do this, it uses a participatory, bottom-up approach to challenges, which through the use of local consultative councils ensures essential buy-in at the local level. First, local communities are engaged in what they consider to be their greatest needs, proposals are forwarded to local and then provincial administrations.

“The inclusive and participatory approach has been central in the implementation of MERCIM in all districts, both in deciding on climate resilient investments, but also in integrating climate change adaptation into local budgeting and financing instruments and planning,” said Ramon Cervera, UNCDF representative in Mozambique.
“We as UNCDF are here to technically support capacities that already exist at a decentralized level and use the knowledge of local communities to fight climate change,” continued Ramon Cervera.

MERCIM uses channels climate finance to local government authorities for locally led adaptation, using Performance Based Climate Resilience Grants. Such grants provide additional funds to cover the extra expenses of making local investments climate resilient and include minimum conditions and performance measures that inform subsequent PBCRG allocations.

Since the inception of MERCIM, 26 activities and resilient infrastructure have been fully funded, with 18 completed and accounted for in target districts. All these infrastructures and investment projects were identified, prioritized, selected, and approved by the population of the districts together with local governments, taking into account the existing Local Adaptation Plans – a key tool of the National Strategy on Climate Change Adaptation and Mitigation.

Altogether, through MERCIM, 18 Local Adaptation Plans were created in Nampula and Zambezia, covering all districts of both provinces. Throughout Mozambique, there are 33 Local Adaptation Plans, including 30 funded by the European Union and all technically supported and carried out through the partnership of the Government of Mozambique with UNCDF.

Business People Communication Office Meeting Room Concept

UAE: Etihad Credit Insurance Records 26% Increase in Insured Non-Oil Commercial Exports

Business People Communication Office Meeting Room Concept

The meeting discussed broader alignment to the initiatives outlined under the “We in the UAE 2031” strategy

Etihad Credit Insurance (ECI), the UAE Federal export credit company, recently held its first Board of Directors meeting in 2023, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board at the company’s headquarters in Dubai.

The meeting discussed broader alignment to the initiatives outlined under the “We in the UAE 2031” strategy, which focuses on further developing the UAE’s non-oil exports and offering solutions to address challenges related to trade credit, project financing, and SME development.

Abdullah bin Touq Al Marri said, “ECI has played an integral role in supporting the UAE’s economic development, thereby demonstrating the UAE’s capabilities as a global hub for businesses and trade. We take pride in our ability to offer innovative credit solutions and forging strategic partnerships that bolster UAE companies’ competitiveness on a global scale, thereby diversifying the country’s economic development and driving UAE non-oil exports.”

“ECI supports key sectors that enable non-oil domestic projects and will continue to focus on strengthening sectors that are aligned with national priorities. We also will support projects that offer sustainable growth to realize the nation’s ambitious strategy and contribute to achieving the UAE’s vision as it ventures into the next phase of its transformative strategy,” he added.

Al Marri praised ECI for its efforts in securing AA- international rating by Fitch for the fourth consecutive year, reflecting on the company’s ability to mitigate potential risks; and reiterating its strong presence in global markets.

Raja Al Mazrouei, Managing Director, and Acting CEO of ECI, stated, “ECI has undergone a rigorous review of its strategy and 2023 business plans in line with the vision and aspirations of the UAE’s leadership. Our efforts align with the four pillars that make up the ambitious ‘We in the UAE 2031’ vision. We will focus on the adoption of the latest technologies and the development of a global interconnected ecosystem and a diverse portfolio of transformative projects, all of which will drive national exports geared towards diversifying the country’s economic streams.”

The Board discussed the company’s milestone achievements in 2022 and reviewed its annual report; which recorded an increase of 26 percent from 2021 in the value of non-oil insured turnover secured for exporters and SMEs, reaching AED 14.4 billion in 2022. The credit export agency also disclosed issuing 8,140 revolving credit limits in 2022; a 23 percent hike from the 6,620 revolving credit limits issued in 2021. Additionally, the value of the company’s underwritten exposure reached AED 8.1 billion; a 45 percent surge from AED 5.6 billion during the same period.

ECI has also protected and facilitated UAE’s non-oil exports to 106 countries, compared to 92 in 2021, while entering new markets, including Egypt, Iraq, Senegal, Kingdom of Saudi Arabia (KSA), India, Ghana, Angola, United Kingdom (UK) and Oman for companies operating across 16 sectors.

The meeting was attended by members of the Board including Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Deputy Chairman of ECI; Omar Ahmed Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology; Sameh Al Qubaisi, Director-General, Department of Economic Development in Abu Dhabi; Saed Mohammed Al Awadi, Chief Executive Officer, Dubai Industries and Exports; Marwan Ahmed Al Ali, Director-General, Ajman Department of Finance; H.H Sheikh Omar bin Saqr Al Qasimi, Executive Director, Investment and Development Office in Ras Al Khaimah; Ahmed Salem Al Yamahi, Deputy Director Department of Finance in Fujairah; Amer Abdul Rahim Kazem, Head of Internal Audit, Emirates NBD; Raja Al Mazrouei, Managing Director, and Acting CEO of ECI; and Omar Mohammd Al Humaidi, Board Secretary and Director, Trade Remedies, Ministry of Economy.

Simion Kronenfeld: Predictions About the Stock Market in 2023

In just four short years, the global stock market has undergone dramatic and unpredictable changes, and has experienced both highs and lows, making it difficult to predict what might be around the corner in 2023.

Many economists are looking at past trends as well as current events in order to make informed predictions about the future of this sector. Experts such as Simion Kronenfeld are considering questions such as how global politics may affect investment decisions, which companies will drive growth, and whether any new technology could disrupt existing markets.

With so many unknowns surrounding the stock market’s future, it can be hard to decipher what will actually transpire by 2023. However, understanding potential scenarios ahead of time can help investors plan accordingly and navigate whatever surprises await them in the coming years.

Overview of the Global Stock Market in 2022

The global stock market has seen a great deal of volatility over the past few years, with unpredictable movements that have left investors and analysts alike on edge. As we look ahead to 2023, all eyes remain trained on what could be in store for the markets: will they continue on their current trajectory, or will some unexpected event disrupt the status quo?

In order to better understand what may lie ahead, it is worthwhile to take an overview of the current state of the global stock market.

As of 2022, most major indices are near record highs thanks largely to strong corporate earnings and improving economic conditions worldwide. The S&P 500 Index is up nearly 30% from its pre-pandemic levels, while technology stocks like Apple and Microsoft have driven much of this growth. Other key markets such as Japan’s Nikkei 225 and India’s Sensex have also had impressive gains during this time frame.

This upward trend was also reflected through the stock markets of the Middle East and Africa this past year: with the region’s ever-growing population and rapidly expanding economies, there remain limitless opportunities for potential growth. Recent investment initiatives, such as the Abu Dhabi Global Market and the Dubai International Financial Centre, have further increased the potential for growth in the region, while the rise of FinTech and digital banking has made investing in the Middle East and Africa easier than ever before.

This trend could very well continue into 2023 if investor sentiment remains positive and macroeconomic indicators support further increases in asset prices. It is important to note, however, that geopolitical risks still exist that could potentially derail the progress made so far.

Understanding these potential pitfalls can help inform predictions about the stock market in 2023 and beyond.

Economic Trends and Forecasts

It is expected that the global stock market will continue to show an upward trend in 2023. To understand its future performance, however, it is important to consider economic trends and forecasts for this period of time.

According to a recent survey by the McKinsey Global Institute, 15% of total global wealth was held in publicly traded stocks at the end of 2022, up from 10% at the start of 2020. This statistic demonstrates how stock markets have grown significantly as major economies around the world recover from the effects of the COVID-19 pandemic during 2020 and 2021.

Economic indicators also point towards a positive outlook for the stock market in 2023, with expectations of solid growth across sectors such as technology, healthcare, energy, and financial services. Factors like low-interest rates and high levels of liquidity are likely to drive investments into these sectors, leading to higher returns for investors over the course of 2023.

Furthermore, international trade agreements could help boost cross-border investments, which would further support capital flows into various asset classes including equities. As a result, investors should look forward to attractive investment opportunities in 2023, despite some risks associated with external events or macroeconomic shocks.

Investment Strategies for The Future

Investment strategies for the future are an important consideration for prominent figures such as Simion Kronenfeld when predicting the stock market performance in 2023. Knowing which options to pursue and when can help investors make decisions that will maximize returns while minimizing risk.

In order to do this, it is important to have a thorough understanding of economic trends and forecasts, as well as current investment strategies and emerging technologies.

When looking at potential investments for the future, there are several factors to consider:

  • Analyzing historical data: By examining past market movements, investors can gain insight into how different markets may perform in the near term. This allows them to better anticipate upcoming changes and prepare accordingly.
  • Investing based on fundamentals: Fundamental analysis involves researching companies’ financials and evaluating their prospects for success over the long-term. It also entails monitoring macroeconomic indicators such as inflation rates or unemployment levels to gauge overall economic health.
  • Exploring new technology: Technological developments could drastically reshape existing industries and create entirely new ones. As such, they should be monitored closely by those interested in staying ahead of the curve with regard to investing opportunities.

By considering these points together with other relevant information, investors can build portfolios tailored to their individual needs and objectives while remaining up-to-date on both present conditions and possible outcomes in the years ahead.

The global stock market in 2023 appears to be unpredictable and volatile. Economic trends suggest that investments should not be made without careful consideration of potential returns, and investment strategies for the future will likely involve a high degree of risk management and diversification across multiple asset classes.

Despite this uncertain outlook, there is still reason for hope; by carefully planning our financial decisions and being mindful of economic factors, it may be possible to realize gains that exceed expectations. While investors must accept a certain level of uncertainty when investing in the stock market, they can also use this unpredictability as an opportunity to make profits – something which no one would have predicted at the start of 2022.