N e w s

China Firm Shows Interest in Tanzania Industry

 THE Aviation Industry Corporation of China (AVIC) has expressed its intention to cooperation with Air Tanzania Company Limited (ATCL) and restore the firm's lost glory. In May, this year, China's Prime Minister Li Keqiang, when delivering a speech at the African Union headquarter, said his government was keen to implement China-Africa regional aviation cooperation programme. He said the Beijing government would support Chinese.... Read more »

Posted on : Wednesday , 3rd December 2014

East Africa: EAC Endorses Investment Blueprint

 A proposed 10-year investment strategy for priority infrastructure projects in the East Africa Community to tackle the existing gaps received backing during the just-concluded EAC Heads of State Retreat on infrastructure development and financing. The summit, convened over the weekend in Nairobi, Kenya, endorsed the blueprint and directed the Council (of Ministers) to mobilise resources for implementation. Held under the theme,.... Read more »

Posted on : Wednesday , 3rd December 2014

Africa Set On Boosting Investments With China

 President Jacob Zuma has arrived in China where he is leading a delegation of ministers and businesspeople on a State visit aimed at strengthening bilateral relations, the Presidency said on Tuesday. The two-day visit, scheduled for Thursday and Friday, signals a further consolidation of South African-Sino relations. This is President Zuma's second State visit to China. In 2010, he took 17 Ministers and about 300 businesspeople and.... Read more »

Posted on : Wednesday , 3rd December 2014

Boost to African Manufacturing Industries to Build Stronger Economy

 The Government wants the manufacturing industry to have a greater weight in the national economy, at a time the country needs to diversify its economy still heavily dependent on the oil sector. This was said Wednesday in Luanda by the minister of Industry, Bernarda Gonçalves. The minister was speaking at a press conference, saying that the National Development Programme and the Angola Industrialisation Programme make provision for.... Read more »

Posted on : Tuesday , 2nd December 2014

African Trade & development receive $320 million

 A variety of lenders are designated mandated lead arrangers including several African banks: Rand Merchant Bank, Bank du Caire and Nedbank. Admassu Tadesse, the PTA Bank President said, “We are grateful to our correspondent banking partners for their increased African appetite and their confidence in PTA Bank as it continues to grow, modernise and vigorously pursue our vision of being a world class specialised African financial.... Read more »

Posted on : Tuesday , 2nd December 2014

Inter African Investment to Boost Trade Ties

 ZIMBABWE and South Africa will soon sign a Memorandum of Understanding to strengthen trade and industrial relations, Industry and Commerce Minister Mike Bimha has said. "This framework is expected to further strengthen trade and industrial relations between our two countries. South African business people should take advantage of this framework to explore investment opportunities in Zimbabwe," Minister Bimha said. The Industry.... Read more »

Posted on : Tuesday , 2nd December 2014

The 2014 World Economic Forum on Africa

 The World Economic Forum on Africa (WEFA),  has come to a close after three days of deliberations; over 1,200 regional and global leaders from 80 countries worldwide attended the event. The forum, centered on the theme of “Forging Inclusive Growth, Creating Jobs,” saw the participation of Nigerian President Jonathan Goodluck, Prime Minister of the Ivory Coast Daniel Kablan Duncan, Chinese Premier Li Keqiang, as well as.... Read more »

Posted on : Monday , 1st December 2014

GE to Invest U.S. $2 Billion in Africa by 2018

 GE will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. GE made the announcement in advance of President Obama's U.S.-Africa Leaders Summit. Through partnerships and technology, GE is poised to help increase access, reliability, and affordability of core infrastructure throughout the continent.... Read more »

Posted on : Monday , 1st December 2014

Innovative Investing in African Emerging Markets

 New York — Forum hosted by the Initiative for Global Development brings together leading African and international CEOs, senior executives, and investors to discuss investing in Africa The Initiative for Global Development (IGD) convened its eleventh Frontier 100 Forum today, bringing together CEOs and senior executives from top corporations around the world. The Forum's theme, "Africa: Innovative Investing in Emerging.... Read more »

Posted on : Monday , 1st December 2014

Kentsel Machinery Co.set to expand to the African Market

 Kentsel Mchinery Co. is one of the leading manufacturers of light construction machines. Each item in its production scope is manufactured under restricted brand name of VIBROTECH and also in compliance with ISO 9001-2000 Quality system certification. Kentsel pursues the latest high-Tec facilities and engineering innovations in order to serve best its customers and partners. Kentsel embraces professionalism and client-oriented principles.... Read more »

Posted on : Monday , 1st December 2014

African entrepreneurs bringing power to the people

 I see huge promise for growth in sub-Saharan Africa. The region is home to six of the 10 fastest growing economies in the world. A majority of Africans will belong to the middle class within a generation. There is enormous potential for development to accelerate rapidly. Despite this potential, I remain struck by the contradictions and counterforces that are working against growth. Without electricity, clean water and basic healthcare,.... Read more »

Posted on : Saturday , 29th November 2014

Africa Committed to Supporting Manufacturing

 The manufacturing sector is seen as a key driver for inclusive growth, job creation and poverty alleviation, but it has been in decline for the past three decades. This has prompted South Africa to commit resources to building and supporting it. Trade and Industry Minister Rob Davies pointed out that the demise of South Africa's tool, die and mould making (TDM) sector over the last 30 years had resulted in a loss of more than 80% of the.... Read more »

Posted on : Friday , 28th November 2014

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