China says Greece will thrive if managed by us
Five years ago, state-owned container giant Cosco, the no.1 liner carrier in China, paid €3.3 billion into the coffers of Greece’s cash-starved government, buying out half the lease for the port of Piraeus, giving the Chinese a 35-year control of Greece’s biggest port. Today, while Greece sinks further with unemployment rate hitting 26 percent, Cosco […]
Australian minister: ‘Gay marriage could damage our cattle exports’
An Australian minister warned that gay marriage could damage the country’s cattle exports because it is seen as “decadent”. Agriculture minister Barnaby Joyce warned of the impact on trading partners in Asia of legalising gay marriage across Australia. “Where we live economically is south east Asia, that’s where our cattle go,” Mr Joyce told the […]
Robert Mugabe Turns to Ian Khama for Help
PRESIDENT Robert Mugabe has turned to his bitter regional rival Botswana President Ian Khama for a model to exploit diamonds to fuel economic development in Zimbabwe. Khama has consistently rejected President Mugabe’s re-election as fraudulent and has often spoken out about Zimbabwe’s political crisis. Nothwithstanding the frosty relationship, Mines and Mining Development minister Walter Chidhakwa […]
China Loans Zambia US$29 Million for Infrastructure
The China Development Bank (CDB) and the Zambia-China Economic & Trade Cooperation Zone (ZCCZ) have signed a loan of 29 million U.S. dollars to improve infrastructure at its Lusaka Park, a senior Chinese bank official has said. The improvement of infrastructure at the ZCCZ was aimed at providing a better development platform for enterprises in […]
Zimbabwe, Mali to Boost Bilateral Relations
President Mugabe last night hosted a banquet in honour of his visiting Malian counterpart Ibrahim Boubacar Keita in Harare during which he expressed the need to boost bilateral relations. He expressed gratitude to the Malian leadership for visiting Zimbabwe on a three-day State visit. “Your Excellency, it is when we visit each other that opportunities […]
Zimtrade to Release Zambia Market Research Findings
ZimTrade will disseminate findings of the Zambia Market Research on June 25 in Harare and June 26 in Bulawayo,. The research, conducted in April this year, was aimed at generating specific information on possible export products to consider for the Zambian market. In addition, the research gathered other market-related intelligence, which would enhance the prospects […]
African Leaders Push For Cape to Cairo Free-Trade Zone
African leaders have agreed to create the continent’s largest free-trade zone, covering 26 countries in an area from Cape Town to Cairo. The deal, signed in Egypt, is intended to ease the movement of goods across member countries which represent more than half the continent’s GDP. Since the end of colonial rule, governments have been […]
Chamber of Trade and Industry to Host Business Forum
Luanda — A business forum will be held on June 2 of this year, in Luanda, promoted by the Chamber of Trade and Industry of Angola (CCIA) in partnership with the Singapore Business Federation. According to a press note that reached Angop Friday, the meeting will be attended by 16 companies from Singapore branches of […]
World Bank to Support Regional Trade and Integration in West Africa
Washington — The World Bank Group’s Board of Directors today approved support for a regional transmission network to enable electricity trade among the western African countries of The Gambia, Guinea, Guinea-Bissau and Senegal. The US$200 million IDA* credit will finance the construction of transmission lines to connect the electrical networks of the four countries and […]
Kenya, Botswana Sign Deal to Boost Trade
Kenya and Botswana chambers of commerce yesterday signed a trade agreement aimed at boosting export and import volumes for both countries. They said trade between the two states has been lean due to induced restrictions and a memorandum of understanding will open opportunities for businesses expansion. “We believe this partnership will create opportunity for economic […]
