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Hong Kong sees broad-based economic resilience under “One Country, Two Systems”

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 8 August 2025 – Last week, the Hong Kong Special Administrative Region (HKSAR) Government published a comprehensive report on the city’s business environment, coinciding with the announcement of the city’s advance estimates on economic performance in the second quarter of 2025. The report’s analysis together with positive economic data accurately reflect Hong Kong’s resilient business-friendly environment with strong appeal for companies and talent from around the world.

In the April-to-June period, Hong Kong recorded solid 3.1% year-on-year GDP growth. This 10th consecutive quarter of economic expansion was supported by strong exports performance and improved domestic demand: total exports of goods recorded an increase of 11.5% over a year earlier, while private consumption expenditure increased by 1.9%.

This solid broad-based performance could be vividly seen in the high number of visitors to the city, including tourists and business visitors drawn by an array of events across town ranging from trade fairs to cultural festivals to mega sports events.

One such event was the first Hong Kong Football Festival at the new Kai Tak Sports Park (KTSP) which saw close to 100,000 football fans packing the Kai Tak Stadium over two match days featuring games between Liverpool and AC Milan followed by Arsenal against Tottenham Hotspur. The crowd included the one-millionth spectator at the Kai Tak Stadium since it opened just five months ago.

Hong Kong welcomed about 24 million visitors in the first half of 2025, representing a year-on-year increase of 12%. Visitor arrivals from the Mainland saw a year-on-year increase of 10% while those from the rest of the world increased 17% over the same period last year.

Unique Strengths under ‘One Country, Two Systems’

The economic statistics fully endorse the analysis in the Government’s 102-page “Report on Hong Kong’s Business Environment: Unique Strengths under ‘One Country, Two Systems'”. Under “One Country, Two Systems”, Hong Kong is known for its robust legal and financial systems, simple and low tax regime, strategic location at the heart of Asia, advanced infrastructure, pool of top-notch talent, and high-quality professional services. With its close connectivity to leading global business centres, Hong Kong offers a dynamic, free and open, convenient and safe place for doing business, making it a preferred destination for corporate investment.

Beyond tourism services, developments in other sectors have been picking up in recent years, further boosting confidence in the local economy.

Despite continued global uncertainties, the sentiment about Hong Kong’s stock market has steadily improved. In the first half of 2025, the Hang Seng Index has risen by more than 4,000 points, registering an increase of about 20%.

The amount of IPO fundraising reached over US$13.6 billion in the first six months of the year, placing Hong Kong in a leading position among major global exchanges. Vibrant IPO activities continued in July with nine IPOs raising more than US$2.3 billion.

Meanwhile, overall investment expenditure increased further alongside the economic expansion.

The HKSAR Government’s Office for Attracting Strategic Enterprises (OASES) has successfully attracted 84 strategic enterprises to set up or expand their operations in Hong Kong. It is expected that they will invest a total of around US$6.4 billion and create more than 20,000 jobs in Hong Kong in the coming few years.

Also, since January 2023, Invest Hong Kong has assisted more than 1,300 overseas and Mainland China companies to set up or expand their business in Hong Kong, bringing in foreign direct investment of more than US$20.3 billion.

Initiatives to attract top talents and professionals from around the world are also paying dividends. Various talent attraction schemes have received nearly 500,000 applications with nearly 330,000 of them approved and almost 220,000 talents already arrived in Hong Kong.

Amid lingering uncertainties in the external environment, the HKSAR Government will continue striving to promote economic growth on different fronts and make the most of the city’s longstanding and unique “One Country, Two Systems” advantages to maintain the city’s reputation as a resilient, open, free and competitive economy.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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