A China-Africa industrial capacity cooperation fund, designed to aid Africa's development, is now active, China's central bank said Thursday.   The fund, with an initial capital of 10 billion U.S. dollars, will mainly invest in sectors like manufacturing, hi-tech, agriculture, energy, infrastructure construction and finance in African countries, the People's Bank of China said in a statement on its website.   The statement said.... Read more »

Posted on : Tuesday , 12th January 2016

 The government of Cameroon hosted a distinguished group of business leaders in Yaoundé for a high-level investment mission from 8-10 December 2015 PhilmonYang cameroonPhilémon Yang, Prime Minister of Cameroon. (Image source: DMA) The mission is being organised by DMA and provide a unique opportunity for investors and business leaders to deepen relationships in Cameroon. It will also allow them to secure new investments and.... Read more »

Posted on : Monday , 11th January 2016

 The introduction of banks in Ethiopia goes back hundred years. All along the road the so introduced banks have carried out a range of business transactions, contributing a lot to the country's socio-economic development. Strengthening these institutions is not only promoting trade and investment but it is also igniting both local and international business interactions.   Apart form providing loans and deposit services, banks play a.... Read more »

Posted on : Thursday , 7th January 2016

 Trade is growing in the entire region, including Kenya. Kenya's GDP is approximated to hit 15% by the turn of the year. With the recent tripartite agreements that our African presidents have signed, markets in South, East, West, and North Africa will begin to harness their energy towards intra-continental trade.   This is good news to the region's people as they can benefit from expanded market opportunities. Opening up former.... Read more »

Posted on : Tuesday , 5th January 2016

 Members of the World Trade Organisation (WTO) concluded their tenth ministerial conference in Nairobi recently by securing an agreement on a series of trade initiatives.   The Nairobi package contains a series of six ministerial decisions on agriculture, cotton and issues related to least-developed countries such as Uganda.   A centrepiece of the Nairobi package is a ministerial decision on export competition, including a.... Read more »

Posted on : Tuesday , 5th January 2016

The launch of Foresight Africa: Top priorities for the continent in 2016 is on the horizon.  In anticipation of this year’s report, the Africa Growth Initiative team offers the below preview of one of the major topics covered and encourages you to check out the report when it publishes next week.   Much of the world is entering into mega-regional free trade areas (FTAs). Indeed, October 5, 2015 marked the ratification of the.... Read more »

Posted on : Monday , 4th January 2016

Kampala — Ugandans in the diaspora have been challenged to create private equities and invest in private companies and skills developments instead of keeping their money in banks.   Mr James Aguma, the chief financial officer South African Broadcasting Corporation (SABC), while speaking at the 5th annual diaspora business breakfast at the Kampala Serena Hotel on Tuesday, said: "I see so many Ugandans in the diaspora with lots.... Read more »

Posted on : Monday , 4th January 2016

The Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC) was opened on December 4thwhen President Xi Jinping announced to upgrade China-Africa relationship into a comprehensive strategic cooperative partnership, and said that China is willing to implement ten major cooperation initiatives with the African side in the following three years. Such a portfolio has won high recognition of various participating parties and warm.... Read more »

Posted on : Monday , 4th January 2016

 Tanzania's value of exports has increased by 9.2 per cent as manufacturing  improved in the year ending 2015, according to the Bank of Tanzania (BoT).   The exported goods and services reached $9.4 billion, said the latest Monthly Economic Review for November.   Foreign exchange earner increased from $1.98 billion to $2.23 billion during the corresponding period last year.   Manufacturing exports also improved.... Read more »

Posted on : Monday , 4th January 2016

 The Panafrican Group, which has operations in East and West Africa, has partnered with Canada’s College of the Rockies (COTR) to create a learning programme for technicians shutterstock 303577625Panafrican Group provides equipment such as Komatsu for a range of applications including mining. According to the company, the COTR and Panafrican will create the Prior Learning Recognition Program that will award Panafrican.... Read more »

Posted on : Tuesday , 29th December 2015

 SamZim, the Zimbabwean partner of South Korean electronics major Samsung, has opened a new manufacturing, sales and service outlet in Harare samsung manilaimperialmotorsales Samsung will manufacture television sets, in addition to opening a digital village in Harare.  In addition to the production unit, an engineering academy has also been set up on the Zimpost Complex. The unit is expected to manufacture and distribute Samsung.... Read more »

Posted on : Tuesday , 29th December 2015

Nairobi — The direct flight between the Chinese city Guangzhou and Kenya's capital Nairobi launched by China Southern Airlines in August has elevated Sino-Kenya relations, airline officials say.   Linda Masinde, a supervisor at China Southern Airlines Nairobi office, said the Nairobi-Guangzhou direct flight had enhanced Sino-Kenya trade and people-to-people exchanges.   "The direct flight from Nairobi to Guangzhou is.... Read more »

Posted on : Monday , 28th December 2015