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Business / Trade in Central 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.
  • 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.
  • 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.
  • 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.
  • What Africa Should Be Pushing For In The WTO Talks

    WORLD, 2015/12/16 The World Trade Organisation (WTO) Ministerial Summit due to be held in Nairobi this week is significant to Kenya for two reasons. Firstly, it’s the initial WTO Summit to be held in Africa and secondly, it’s the initial time the Summit is happened next what is largely considered to the failure that was the Doha round back in 2008. So what should Kenya, and indeed Africa, be pushing for during this round? Africa should firstly, use this round to push for the reclassification of nations such as India, China and Brazil that still fall under the docket of ‘developing’ nations. Currently, such nations essentially are lumped together with Africa in negotiations despite the fact that over the completed seven years these nations have significantly ramped up their presence and role in world trade. China’s share of world trade stands at about 12 %, India stands at 2 % and Brazil stands at 1.2 %. Although Africa’s share of world trade is 3.5 % that is a share at continental level; Kenya’s share of world trade is 0.03 %. Therefore, Africa as a bloc should use this Summit as an opportunity to push for a additional sophisticated classification of nations where the % of contribution to world trade preponderates rather that GDP per capita.
  • NO BOUNDARIES Africa could unleash billions of dollars if North Africa and Sub-Saharan Africa worked together

    AFRICA, 2015/12/16 Deserts are notoriously shape shifting. Viewed one way, they are hostile and intimidating environment—impassable as a snake pit. From presently on compared with mountains, forests, or the high seas, they’re invitingly easy to traverse. In Africa, the Sahara Desert is as puzzling—at once the continent’s superhighway and its Great Wall. For centuries, Arab traders crisscrossed the Sahara, east to west, spreading Islam from Lamu to Timbuktu. Arabic vocabulary married Bantu languages to form Kiswahili. France’s colonial sweep of west and North Africa left an extra common language to unite tens of millions of African people, even where Islam had not. Egypt has shared the Nile River with Sudan and Ethiopia since the beginning of time. Today, migrants from Senegal and Ivory Coast have built diaspora communities in north Africa, and vice versa. Recent events in Mali show that terror groups better known for violence in the Middle East migrate just as easily. In the eyes of world business, the Middle East North Africa region is irreconcilably different from Sub-Saharan Africa.
  • East Africa: Region's Exports to EU Face Tough Conditions

    ITALY, 2015/09/13 Mistrust has emerged part the East African Community partner states over Tanzania's commitment to the Economic Partnership Agreement that would give the region's goods business-free access to European markets. Tanzania is likely to delay the signing and ratification of the EPA document on the grounds that it was rushed through. Dar es Salaam has threatened not to sign the transaction before its concerns on contentious issues are addressed. The region has until December 31 to sign the transaction with the European Union or go back to the negotiating table.
  • Congo-Brazzaville: PM Receives Sassou Nguesso's Envoy

    CONGO BRAZZAVILLE, 2015/08/14 The President of the Republic of Congo, Denis Sassou Nguesso, has sent a message of friendship, cooperation and solidarity to his Cameroonian counterpart, President Paul Biya, through his Diplomatic Adviser and Appropriate Envoy, Martin Adouki. Next handing over the message to Prime Minister, Chief of Government Philemon Yang during an audience yesterday, August 12, 2015 at the Star Building, the Appropriate Envoy told the press that relations between both nations were excellent. "Both Heads of National are two key actors in the region. They have an extremely significant bilateral schedule," he disclosed.
  • Belarus Official Highlights Business Cooperation With Angola

    BELARUS, 2015/08/12 The deputy Foreign minister of Belarus, Vassily Rybakov, Monday in Luanda highlighted the importance of Angolan businesses to set up partnerships with colleagues from his country. Vassily Rybakov was speaking next separate audiences granted to him by the Angolan ministers of Geology and Mining and Economy, Francisco Queiroz and Abrãao Gourgel, respectively. He said on the occasion it is as well his country's interest to set up joint ventures with Angolans.
  • African Trade Agreement May Unify the Continent, Boost Economies

    AFRICA, 2015/08/02 In a move that may boost the economies of an entire continent, 26 African nations have entered into a new free trade agreement. Called the Tripartite Free Trade Agreement (TFTA), the historic agreement was finalized on July 19, and it may signal a turning point in the history and economic strength of all African continent. The unprecedented agreement creates, in the words of Robert Mugabe, the President of Zimbabwe, a "borderless continent." It calls for the formation of three regional economic communities unified under a free trade umbrella agreement that establishes preferential tariffs designed to smooth the import and export of goods and personnel across the continent.