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Egypt looks to play a key role in driving regional integration in Africa

Egypt looks to play a key role in driving regional integration in Africa

The Africa 2017 Forum (www.BusinessForAfricaforum.com) wrapped up in the Egyptian resort city of Sharm el Sheikh with a clear message of intent from President Al Sisi to bring Africa closer together. President Abdel Fattah El Sisi hosted five African heads of state and top business leaders from across the continent. The Heads of State stressed […]

Top five business risks for West Africa

Top five business risks for West Africa

As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in their annual political […]

Nadine Tinen appointed to lead the Sub-Saharan Francophone Africa region for PwC France and Francophone Africa

Nadine Tinen appointed to lead the Sub-Saharan Francophone Africa region for PwC France and Francophone Africa

Nadine Tinen has been named Regional Senior Partner of PwC Sub-Saharan Francophone Africa, thus also joining the Territory Leadership Team for PwC France & Francophone Africa. Appointed on 1 July 2017, she takes over from Edouard Messou. Nadine Tinen, 45, is a graduate of the University of Bourgogne (Dijon), where she earned a DESS postgraduate […]

TFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

TFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million Murabaha agreement with the aim of facilitating and financing exports amongst African countries and […]

China’s Foreign Policy Experiment in South Sudan

China’s Foreign Policy Experiment in South Sudan

China’s longstanding principle of non-interference in other states’ internal affairs is evolving with its growing global footprint. As Chinese overseas investment and business links grow in scope and depth, Beijing faces increasing threats to its citizens, economic interests and international reputation. That, in turn, has confronted China with the inherent limitations of its traditional hands-off […]

Asia’s Richest Person, Alibaba Founder Jack Ma to Visit Kenya

Asia’s Richest Person, Alibaba Founder Jack Ma to Visit Kenya

On his first ever visit to Africa, Jack Ma founder of Alibaba Group and UNCTAD special adviser on youth entrepreneurship, will be in Nairobi on 19th July. The purpose of his visit is to raise awareness about the sustainable development goals. Together with the UNCTAD secretary general, Dr.Mukhisa Kituyi, they will also meet up with […]

Sudan Economy Ready For Take-off After U.S. Sanctions – Govt

Sudan Economy Ready For Take-off After U.S. Sanctions – Govt

Sudan’s government is confident that they are ready to enter the African and international markets when the U.S. sanctions – frozen for the past six months – are dropped. The Trump administration needs to make a final decision on permanently dropping the sanctions by July 13. Finance Minister Mohamed Ousman Elrakibi, speaking during the Afreximbank […]

Djibouti Inaugurates Port for Salt Export

Djibouti Inaugurates Port for Salt Export

Djibouti has opened the Port of Ghoubet with the main aim of making it a key terminal for salt exportation, with a capacity of five million tonnes, to the world from Lake Assal, one of the lowest spots in the world. The Port, which has been under construction for the last two years at a […]

It’s Time Africa Acted Over Its Wealth

It’s Time Africa Acted Over Its Wealth

That Africa needs to redress the huge gulf between its wealth and its poverty is a foregone conclusion. Statistics of outflows from Africa against inflows in everything from aid, foreign direct investment to remittances will boggle the mind. But you already know that. What Africa needs to do about it is another matter altogether. President […]

Zim first quarter trade deficit narrows: Exports increase by US$100m, Imports remain flat at US$1,3bn & Locals import $3m pampers in three months

Zim first quarter trade deficit narrows: Exports increase by US$100m, Imports remain flat at US$1,3bn & Locals import $3m pampers in three months

ZIMBABWE’S trade deficit narrowed by 14,5 percent (US$98 million) to US$576 million in the first three months of the year from the same period a year earlier, as exports jumped 15,7 percent to US$724 million driven mainly by mineral exports and tobacco. The influx of foreign goods — notwithstanding the implementation of Statutory Instrument (SI) […]

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