Africa > Business / Trade

Business / Trade in Africa

  • 'Europe failed to give Africa the attention it deserves'

    EUROPEAN UNION, 2017/11/30 EU recently launched the European External Investment Plan, aimed at raising at least 44b Euros in private equity by 2020, the major ever investment scheme for Africa. The President of the European Parliament, Antonio Tajani, has delivered a fairly devastating critique of the union’s policies towards Africa, saying Brussels had failed to give the world’s poorest continent the attention it deserved. “Often we looked the other way, heedless of the emergencies – humanitarian or linked to climate, security or stability – which Africans have to transaction with each day,” said Tajani.
  • Dubai positions self as hub for Africa investment

    UNITED ARAB EMIRATES, 2017/11/29 Experts at the opening of Dubai's fourth World Business Forum on Africa said the continent's 54 nations require tens of billions of dollars in investment . African officials, inclunding four heads of national, convened with international CEOs at a summit Wednesday in Dubai, part of its push to position itself as a link for huge potential investments on the continent. "We are looking at the fastest growing economy of the world ... Six out of the top 10 fastest growing economies are just next to us in Africa," said the president and CEO of the Dubai Chamber of Commerce and Industry, Hamad Buamim.
  • France's Macron outlines new approach to African policy

    FRANCE, 2017/11/29 French President Emmanuel Macron has outlined a new approach to relations with Africa as he begins a regional trip starting with Burkina Faso. He said he was "from a generation that would not tell Africans what to do". He as well said he would declassify secret French files on the former colony's assassinated leader, Thomas Sankara. Mr Macron is on a three-day trip in West Africa, taking in Burkina Faso, a European-African summit in Ivory Coast and Ghana.
  • Quattara Commends Buhari Over Nigeria's Recession Exit

    NIGERIA, 2017/11/01 President Alhasan Quattara of Cote d'voire on Monday in Abuja commended President Muhammadu Buhari for taking Nigeria out of recession. Mr. Quattara gave the commendation at the same time as he addressed National Home correspondents next a closed-door conference with Buhari at the Presidential Villa.
  • Nigeria-Cameroon Clash: Senate Probes Border Crisis

    CAMEROON, 2017/10/21 The Nigerian Senate has begun an investigation into the violent clashes between border communities in Nigeria and Cameroon. According to reports, the recent clashes have resulted in the loss of lives and properties of innocent Nigerians. The Senate, however, mandated its committees on Police Affairs and National Security to probe the matter. The resolution yesterday was sequel to a point of order raised by Senator John Enoh, APC, Cross River Central. According to Enoh, it was the business of the Nigerian government to protect its citizens from internal and external aggression, lamenting that the affected people from his political jurisdiction had been abandoned to face operations from the Cameroonian aggressors.
  • Osinbajo seeks greater integration of African economies

    NIGERIA, 2017/10/16 Vice President Yemi Osinbajo has called for better integration of African economies to enable the continent develop free trade part AU member nations. Osinbajo made the call at the inaugural conference of the Africa Champions Group, an initiative of business and manufacturing stakeholders in the continent, on Saturday in Lagos.
  • China welcomes Guinea to take part in Belt and Road Initiative

    CHINA, 2017/09/07 China welcomes Guinea to participate in the Belt and Road Initiative, a move that will benefit the peoples of both nations, Chinese President Xi Jinping told his Guinean counterpart Alpha Conde on Tuesday. Conde is in the southeastern coastal city Xiamen to attend the Dialogue of Emerging Market and Developing Nations on the sidelines of the ninth BRICS summit.
  • The Mixed Fortunes of the BRICS Countries, in 5 Facts

    CHINA, 2017/09/04 This weekend, the BRICS countries—Brazil, Russia, India, China and South Africa—will convene in the Chinese city of Xiamen for their annual summit. It wasn’t long ago that the BRICS were heralded as the future of the globalized economy. Then, for a variety of reasons, the group lost a bit of its luster. Now’s the time to check back in with them. 1. BRICS straddle one quarter of the world The story of the BRICS—or technically, BRIC countries (South Africa joined in 2010)—begins with Goldman Sachs chief economist Jim O’Neill, who wrote a paper in 2001 arguing that these were the emerging superstars most likely to dominate the 21st century globalized economy. Taken together, these five countries cover 40 percent of the world’s population and more than 25 percent of the world’s land. The sky seemed the limit.
  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Gas - Women Yet to Benefit From National Cake Tanzania

    TANZANIA, 2017/08/13 MSIMBATI village of Mtwara rural district is a hive of activities as new home structures are mushrooming at the central business sector(CBA) at a high speed. One can easily mistake the gas rich village for a township given the high rate of development taking place. A modern standard village market has been constructed at the CBA where those who cannot afford to construct their own stalls may sell their merchandise that includes tomatoes, rice, fish and other commodities.