Africa > East Africa > Business / Trade

Business / Trade in East Africa

  • India’s African safari

    INDIA, 2016/07/04 June 2016 has seen an unprecedented intensification of India’s relationship with Africa. In the initial week, Vice President Hamid Ansari visited Tunisia and Morocco. In the second week, President Pranab Mukherjee launched his whirlwind tour of Western and Southern Africa, covering Ghana, Cote d’Ivoire and Namibia. And, in July, Prime Minister Narendra Modi will visit Kenya, Mozambique, Tanzania and South Africa. Ever since the Third India-Africa Forum Summit (IAFS) in 2015, Modi has been building bridges with African nations, soliciting support for a host of multilateral initiatives. It’s as well unabashedly about business, a good example of geo-politics conference geo-economics. For instance, Ansari’s visit to Morocco and Tunisia are key, because India imports phosphate — a critical raw material for fertiliser production — from these nations. Ansari as well inaugurated an India-Morocco Chamber of Commerce during his trip to Rabat.
  • Israeli PM to embark on historic Africa visit boosting diplomatic, economic ties

    ISRAEL, 2016/07/04 Beyond diplomacy and trade, visit holds personal meaning for Netanyahu marking 40 years since Entebbe raid Israeli Prime Minister Benjamin Netanyahu will depart on an historic visit to Africa on Monday, seeking to strengthen relations with new trade partners and marking the 40th anniversary of the Entebbe hostage rescue in which his brother died. The Prime Minister will visit Uganda, Kenya, Rwanda and Ethiopia. Netanyahu's visit will be his initial as premier, and the initial visit to the region by and Israeli Prime Minister in over three decades since Yitzhak Rabin visited Casablanca in 1994.
  • Kenyan Entrepreneur Cooks Up Successful Spices Business

    KENYA, 2016/06/28 With just about $48 and constant probing from her sister studying in the U.S., Kenyan entrepreneur Anzazi Kiti managed to start a successful spices business that generates about $1,600 in revenue per month and employs two people so far. In an interview with CNBC Africa, Kiti, who’s full time job is an accountant with audit firm Ernst & Young, said i 2014 she decided to start Taste Afrique, a company that produces natural spice mixes under the brand Chibundiro “that gives food that additional yumminess”.
  • Why is Mr Erdogan spending so much time in Africa?

    TURKEY, 2016/06/04 High quality world journalism requires investment . Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for additional detail. Email [email protected] to buy additional rights. http://www.ft.com/cms/s/0/aaf3981a-27e5-11e6-8ba3-cdd781d02d89.html#ixzz4AZVBSpaI Turkish president Recep Tayyip Erdogan is on a four-day east African tour this week, during which he is visiting Kenya and Uganda. This trip is his tenth visit to a sub-Saharan African country in less than 18 months.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • Macau mission to Brazil promotes the territory as a platform between China and the Portuguese-speaking countries

    MACAU, 2016/05/04 A Macau economic mission is taking part in São Paulo in APAS 2016, an international trade equitable for the supermarket sector organised by the Paulista Association of Supermarkets, from 2 to 5 May, according to official data. The delegation, organised by the Macau Trade and Investment Promotion Institute (IPIM), will meet with entrepreneurs and institutions topromote the territory as a business platform with Portuguese-speaking nations.
  • East Africa trading bloc ranked high in regional integration

    DJIBOUTI CITY, 2016/04/04
  • Africa, India keen on strengthening bilateral relations

    INDIA, 2016/03/19 Trade between India and Africa has risen several folds over the years. According to statistics, bilateral trade grew to 72 billion US dollars in the fiscal 2014-15 from 30 billion in 2007. It is against this backdrop that the 11th India-Africa Business Conclave in New Delhi was aimed at boosting bilateral relations between the two. The summit was attended by over 400 delegates from 37 African nations.
  • East Africa: South Sudan to Boost EAC Market.

    SOUTH SUDAN, 2016/03/06 Going by the saying that large is better, the admission of South Sudan the East African Community (EAC), is destined to enhance trade within the region, experts say. The world's youngest country was admitted to EAC at the 17th summit held in Arusha, Tanzania on March 2. The summit was attended by four regional presidents, inclunding Uganda's Yoweri Museveni, Kenya's Uhuru Kenyatta, Tanzania's John Magufuli and Rwanda's Paul Kagame.
  • Egypt's Sisi opens Africa economic summit to boost investment

    EGYPT, 2016/02/21 EGYPT’S President Abdel Fattah al-Sisi opened on Saturday an economic summit attended by African leaders and businessmen that aims to boost trade and investment across the continent. Additional than 1,200 delegates inclunding some heads of national will negotiate business agreements for the next two days at the Red Sea resort of Sharm el-Sheikh, to attract private sector investments in Africa.