tagresults

30-10-2014 23:52:00 | by: Administrator | hits: 4507357 | Tags:

Rwanda and India Exim Bank ink $81 million deal to fund TVET
25-05-2017 | 16:33:44
The government of Rwanda and India Export Import Bank have signed a financing agreement worth $ 81 Million to support the establishment of integrated Technical Vocational Educational and Training (TVET) system.
Zanzibar bets on electronic certificate of origin systems to boost trade efficiency
25-05-2017 | 06:15:00
Trade efficiency systems in Zanzibar are expected to become efficient with the launch of an NTB monitoring and electronic certificate of origin systems by the Zanzibar National Chamber of Commerce Industry and Agriculture (ZNCCIA).
Global IP selects Hughes to bring high performance broadband to Sub Saharan Africa
24-05-2017 | 12:51:01
Hughes Network Systems, LLCthe global leader in broadband satellite solutions and services has announced that its JUPITER System has been selected to bring high-performance connectivity throughout the Sub-Saharan Africa.
[Equatorial Guinea] Bioko Oil Terminal regains momentum after agreement with Arabian Energy
24-05-2017 | 08:20:00
The Equatorial Guinea based Bioko Oil Terminal have gained key momentum following the signing of the agreement between government and Arabian Energy DMCC
New phase for Hub and Spokes trade initiative which aids Africa
24-05-2017 | 08:07:15
An innovative trade initiative which is expanding opportunities for business, employment and prosperity in African, Caribbean and Pacific countries will be extended to February 2019.
Commonwealth African countries to discuss priorities for reviving world trade
22-05-2017 | 11:24:41
Amid an unprecedented global trade slowdown, African policy-makers, negotiators and trade analysts will meet on 25-26 May 2017 in Mauritius to discuss priorities for reviving world trade and strengthening their trading capacity.
Afreximbank's financing to Nigeria tops $35 billion
19-05-2017 | 16:53:40
The African Export-Import Bank (Afreximbank) has disbursed more than $35 billion in trade and project financing to Nigerian public and private entities since its inception to support the country's economic and trade growth, Bank President Dr. Benedict Oramah has said.
Visa requirements for employees taking up work in key African jurisdictions
19-05-2017 | 09:06:00
Given the growth in Africa, employers are regularly seconding their employees to businesses in other jurisdictions. Each country has different visa requirements for employees who wish to work in those jurisdictions.
World Bank doubles financing for Togo under four-year partnership arrangement
18-05-2017 | 15:34:00
The Board of the World Bank Group has discussed a new Country Partnership Framework (CPF) for Togo covering the period from July 2016 to June 2020. The CPF presents the World Bank Group’s proposed strategy over the four-year period, including interventions to help the country pave the way to more inclusive and sustainable growth led by a more dynamic private sector and more effective government policies, public investments and services
First responsible and conflict-free gold supply chain operational in Eastern Congo
17-05-2017 | 14:05:00
Partnership Africa Canada has announced the Just Gold project has successfully implemented a system to trace legal and conflict-free artisanal gold in the Democratic Republic of Congo.
Ratko Knezevic appointed by Aiteo Group to drive growth and diversification in Nigeria and Africa
17-05-2017 | 10:29:48
Aiteo Group has announces the appointment of Mr. Ratko M. Knezevic to its Global Executive Management team as Group Advisor on Business and Capital Development.
Fendt tractors launch in South African market
17-05-2017 | 10:26:26
High tech brand company involved in sale of tractors and harvesting machines Fendt has introduced to the South African market four tractors as it seeks to establish a toe hold in the African market.
Islamic body on private sector development and China-Africa Development Fund ink deal to boost infrastructure in Africa
17-05-2017 | 10:22:37
The Islamic Corporation for the Development of the Private Sector, the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund, CADFund, a Beijing-based private equity firm and subsidiary of the China Development Bank which focuses on Africa have signed a historic agreement.
The International Islamic Trade Finance Corporation signs $450 million export financing agreement with Burkina Faso
16-05-2017 | 09:34:59
The International Islamic Trade Finance Corporation has signed a three -year’s $ 450 million socioeconomic development framework agreement with the Government of Burkina Faso.
TerraPay feted for role in Sub Saharan Africa’s remittances market
15-05-2017 | 16:09:00
TerraPay, the world's first mobile payments switch, has received the Frost & Sullivan Visionary Innovation Leadership Award for international remittances in Sub-Saharan Africa.
DP World in a $442 million investment to develop Port of Berbera, Somaliland
15-05-2017 | 13:46:21
Global trade enabler DP World has celebrated its 30-year port concession for the management and development of a multipurpose port project at Berbera, Republic of Somaliland which started on 2 March 2017.
International Finance Corporation invests in Africa local currency bond fund to support capital markets
12-05-2017 | 11:32:00
IFC, a member of the World Bank Group, has announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) to help develop local currency capital markets in Africa.
ATI supported $4 billion worth of trade and investments in 2016 with call for increased participation
12-05-2017 | 08:10:54
The African Trade Insurance Agency (ATI) held its 17th Annual General Meeting with sustained commodity price decline and current geopolitical uncertainties taking centre stage.
Kenya seeks trade pact with UK post brexit
11-05-2017 | 16:57:43
Kenya’s President Uhuru Kenyatta has met Prime Minister Theresa May and sought a pact to guarantee Kenyan exports accessed the UK market on a duty-free quota-free basis after the country exits from the European Union.
[Zambia] Dangote transforms Masaiti district, reduces cement prices
11-05-2017 | 11:41:00
A gravel road snaking through an open swath of land outside Ndola in Masaiti has no distinct name, but as one completes its 10-kilometre stretch, one name becomes clear – Dangote.
FDI flows to Africa threatened by global economic uncertainty
11-05-2017 | 11:12:34
At a Roundtable event in Nairobi, Ministers from across Africa sat together with investors and the private sector to determine how best to tackle the investment and credit risk hurdles in order to make African risks bankable.
Governments and investors meet to discuss Africa FDI flows in the wake of global economic uncertainty
10-05-2017 | 16:30:35
At a Roundtable event in Nairobi, Ministers from across Africa sat together with investors and the private sector to determine how best to tackle the investment and credit risk hurdles in order to make African risks bankable.
Koffi Klousseh appointed Director of Project Development for Africa 50
10-05-2017 | 13:51:00
Africa50, the pan-African infrastructure investment platform has announced the appointment of Koffi Klousseh as Director of Project Development.
Kenya seeks to grow exports to Benin
10-05-2017 | 13:45:49
Kenya has set its eyes on Benin in its latest quest to expand the export market for its products, including coffee, tea and fresh produce.
Transnet to expand foothold to eight African countries
09-05-2017 | 16:37:08
Africa’s leading freight logistics chain Transnet has been on an expansion binge and is expected to set up shop in eight more African countries including Kenya, Liberia, Ghana, Nigeria, DR Congo, Senegal, Togo and Benin.
[South Africa] Johannesburg Chamber of Commerce and Industry signs export, import and investment MOU with China Trade Council
09-05-2017 | 16:28:00
The Johannesburg Chamber of Commerce and Industry and the China Council for the Promotion of International Trade have signed a Memorandum of Understanding (MoU) to enhance liaison and cooperation in the fields of export, import, investment, business information
Viking River Cruises showcases new ship design In Egypt
09-05-2017 | 12:48:41
Viking River Cruises has announced details of the newest addition to its river fleet, Viking Ra™. Recently acquired, the vessel has been stripped down to the steel to undergo a complete renovation that will reflect Viking's award-winning Scandinavian design.
Kenya remains single largest shareholder at ATI, following the entry of four new investors
08-05-2017 | 12:00:00
Kenya's shareholding in African Trade Insurance Agency has been marginally diluted following entry of four new investors, the largely political risk and investment guarantee firm has said.
Air Malta to resume operations in North Africa
04-05-2017 | 10:04:00
Air Malta is reconnecting Malta to North Africa following the re-start of scheduled services between the islands and Tunis Carthage Airport as from June 26, 2017.
[South Africa] Sappi selects Kuehne + Nagel as sea freight order management partner
03-05-2017 | 14:00:00
Sappi Southern Africa, a subsidiary of Sappi Limited, the world’s largest manufacturer of dissolving wood pulp (DWP), has selected Kuehne + Nagel as its preferred partner for seafreight order management.
Africa presents a mixed foreign direct investment picture - EY Africa Attractiveness report
03-05-2017 | 09:33:00
According to EY’s latest Africa Attractiveness report, heightened geopolitical uncertainty and “multispeed” growth across Africa present a mixed FDI picture for the continent.
GBfoods, Jumbo's Owners, Helios form Joint Venture to create a Pan-African Food Products Company
03-05-2017 | 09:05:00
GBfoods, a leading multinational food company headquartered in Barcelona, and Helios Investment Partners, a premier Africa-focused private investment firm, have partnered to create one of Africa's largest FMCG businesses.
MédiS Group announces acquisition of Winthrop Pharma Senegal from Sanofi
03-05-2017 | 07:24:00
Actis, a leading growth markets investor, has announced that its portfolio company MédiS, a major pharmaceutical company based in Tunisia, has acquired Winthrop Pharma Senegal (WPS) from Sanofi.
[Rwanda] Construction of $2 million cross border market facilities takes off
27-04-2017 | 16:36:00
Construction of new and modern cross border market facilities worth $2.2 million has commenced in Rusizi at the border of Rwanda and Democratic Republic of Congo (DRC), following the ground breaking ceremony. Hon. Francois Kanimba, the Minister for Trade, Industry and East African Affairs (MINEACOM) presided over the event.
GE picks Clarke Energy as a distributor of Jenbacher gas engines for six African countries
27-04-2017 | 11:02:33
To better serve the growing power and grid reliability needs in Africa, GE’s Distributed Power announced that it has recently signed an agreement with Clarke Energy to serve as GE’s distributor of Jenbacher gas engines for six additional countries in Africa, including Cote d’Ivoire, Democratic Republic of Congo, Ghana, Kenya, Morocco and Rwanda
APL set to return to Sudan after a 20-year hiatus
27-04-2017 | 10:55:13
American President Lines, APL, a US international shipping company has stated that it is resuming operations at the coastal port of Sudan after a 20 years’ hiatus.
Abidjan Terminal gets four container gantry cranes to boost efficiency
26-04-2017 | 08:27:20
In order to increase the operational capacity of Abidjan’s container terminal, four new gantry cranes (RTG) were put into service. These new modern equipment will help improve the port of Abidjan development.
Côte d’Ivoire joins the growing list of ATI’s new member countries
25-04-2017 | 11:19:00
The African Trade Insurance Agency (ATI) announced today that Côte d’Ivoire has joined a growing list of African countries who are members of the institution.
[Ethiopia] Beef exporter receives $7 million boost from Norfund
24-04-2017 | 15:44:23
The Norwegian Investment Fund for Developing Countries (Norfund) has announced an investment of $7.4 million in Verde Beef Processing PLC, an Ethiopian beef producer.
[Burundi] Trademark East Africa identifies interventions and location to enhance cross border trade
24-04-2017 | 13:27:04
TradeMark East Africa has proposed the need to adapt its engagement in Burundi by investing in projects that strengthen new export potential value chains, enhance cross border trade and increase the country’s participation in the regional market.
Afreximbank Picks Nigeria to Host Healthcare Centre of Excellence
20-04-2017 | 12:15:00
The African Export-Import Bank (Afreximbank) has selected Nigeria as the preferred country to host the first of its Centres of Excellence for Healthcare Services in Africa.
Dangote will be the largest exporter of rice in 5 years to come - AfDB President
18-04-2017 | 09:41:23
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021.
AfDB approves $18.15m to support South Sudan’s membership in the African Trade Insurance Agency and Trade & Development Bank
14-04-2017 | 12:45:00
The African Development Bank Group has approved a US $18.15 million facility to the Government of South Sudan (GRSS), to assist the country with the required resources for its African Trade Insurance and Trade & Development Bank membership application.
Economic growth in East Africa remains strong despite drought - Report
14-04-2017 | 09:17:00
East Africa's economy has continued to grow despite the adverse effects of drought being felt across the region according to ICAEW's (the Institute of Chartered Accountants in England and Wales) latest report.
Ethiopia inks industrial parks development deals with China and UNIDO
13-04-2017 | 13:00:13
Ethiopia, China and the United Nations Industrial Development Organization (UNIDO) have agreed to strengthen collaboration on investment promotion, industrial parks development – including the Adam Industrial Park – and the upgrade of technical and vocational education and training.
[South Africa] The Crazy Store opens 300th store, expands to Botswana
13-04-2017 | 09:39:00
The Crazy Store, South Africa’s largest discount variety chain, has announced that it will not only open its 300th store, but will also expand its African footprint to include Botswana.
[Nigeria] Dangote Flour Mills profit soars to $30 million since reacquisition from Tiger Branded Consumer Goods of South Africa
13-04-2017 | 07:27:34
Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE), the company has returned to profitability after four years of losses.
Enko Capital launches Africa focused debt fund as it forays into continent
12-04-2017 | 06:34:00
UK based asset management company Enko Capital has announced the launch of Enko Africa Debt Fund (EADF), with $200m assets under management (AUM).
Kenyan avocado farmers receive GlobalG.A.P certification
11-04-2017 | 13:53:00
More than 300 Kenyan farmers have received GlobalG.A.P. certification - opening the door to the European market - with support from the International Trade Centre (ITC).
Fastest growing region in Africa suffering from slow pace of structural transformation, ECA survey
11-04-2017 | 08:05:10
Despite being the fastest growing sub-region of the continent with an economic growth rate of 6.7 per cent, second in the world to East Asia, East Africa is lagging behind in terms of its structural transformation.
Italian investors to explore investment opportunities in Zambia
10-04-2017 | 14:29:39
Italian Deputy Minister of Foreign Affairs and International Cooperation Mr, Mario Giro with a team of NGOs and Investors are expected in Zambia in September, 2017 to come and explore investment opportunities in the country.
Cross border trade between EAC member states and DR Congo eased with new agreement
10-04-2017 | 07:34:23
TradeMark East Africa (TMEA) has signed a Memorandum of Understanding with Democratic Republic of Congo (DRC) to facilitate projects that will improve cross border trade and enhance trade links between the country and East Africa Community member states.
80 Moroccan companies break ground in Rwanda at the Africa Business Connect 2017
07-04-2017 | 16:27:01
Over 500 high-level delegates from Morocco and Rwanda gathered in Rwanda for the African Business Connect 2017 which has seen the signing of key agreements including between the National Federation of Electricity and Renewable energy and private developers within the renewable energy sector in Rwanda.
AfDB approves $450 million trade finance package for Afreximbank
03-04-2017 | 08:33:19
The Board of Directors of the African Development Bank (AfDB) has approved a $450 million trade finance package for the African Export–Import Bank (Afreximbank).
Nigeria to showcase maritime potential in Norway
30-03-2017 | 12:23:00
Poised to attract foreign investors into the nation’s shipping sector, The Nigerian Maritime Administration and Safety Agency (NIMASA) has unveiled its plans to showcase the huge potential of the Nigerian maritime sector at the Norway Shipping holding later this week.
[Nigeria] Dangote Buys Largest Crane in Africa From China
29-03-2017 | 13:21:13
Aliko Dangote is presently the owner of the largest crawler crane in Africa. The businessman bought the crane from Chinese construction company, XCMG Construction Machinery Co Ltd, a Company dealing in heavy machineries.
[Namibia] Nyae Nyae local jewelry finds market in Europe
28-03-2017 | 11:45:00
What started out as a micro-project 30 years ago has evolved into a viable way of generating income for the community at Nyae Nyae.
African tax authorities equipped with tools to deal with transfer pricing issues
23-03-2017 | 11:04:00
The African Minerals Development Centre (AMDC) together with the Minerals and Energy for Development Alliance (MEfDA) and the World Bank, has delivered the first of two regional workshops on transfer pricing in Africa’s mineral sector.
South African government prioritizes creation of vibrant export culture to increase capability and capacity
09-03-2017 | 12:16:00
The Department of Trade and Industry in partnership with Tshwane Economic Development Agency (TEDA) hosted the Exporter Development Training in Pretoria. The purpose of the training was to prepare small medium enterprises (SMEs) for the successful expansion of their businesses into international markets.
Africa’s first forex trading retail lounge opens in South Africa
09-03-2017 | 11:54:54
Africa has recently caught the attention of international forex brokers all setting offices in South Africa. South Africa is the largest economy on the continent, home to the most sophisticated, vibrant, constantly developing financial market.
German Government unveils Marshall Plan with Africa at the AfDB
06-03-2017 | 09:18:00
The German Federal Minister for Economic Cooperation and Development, Gerd Müller, has unveiled his Government’s proposed “Marshall Plan” with Africa at the African Development Bank Group (AfDB), saying the Plan can help resolve some of the challenges facing Africa.
[Column] Bob Koigi: Rosey days ahead for Kenya flowers with the approval of direct flights to US
03-03-2017 | 06:12:37
The recent upgrading of Jomo Kenyatta International Airport to Category A status which now approved non- stop flights between Kenya and United States is one of Kenya’s greatest landmarks.
Nigeria heralds new dawn in cement production with 0.4 million tons export to neighbouring countries
01-03-2017 | 06:51:59
Following continuous increase in its production capacity, cement manufacturer, Dangote Cement Plc has finally ended the era of Nigeria’s dependence on importation as the company exported 0.4 million tons of the product to other countries in 2016.
Competition agencies must work together to create a healthy business environment in Africa - Bowmans
28-02-2017 | 13:57:44
The safeguarding of competition amongst businesses operating in the African market is key to inclusive growth on the continent.
Cross-border e-commerce considered a growth rocket for Sub Saharan Africa retailers - DHL
27-02-2017 | 09:54:00
International express services provider, DHL Express, has published research highlighting the significant growth opportunity for retailers and manufacturers with an international online product offering.
Common Market for Eastern and Southern Africa pushes for alternative dispute resolution to safeguard integration
24-02-2017 | 06:45:00
The Common Market for Eastern and Southern Africa (Comesa) is working towards improving investment opportunities in the region by offering better protection to the business community against any violations relating to the regional integration agenda.
[Column] Korede Ologun: Nigeria’s Exchange Rate Policy - A Tale of Two Strings
23-02-2017 | 11:49:07
Nigeria’s exchange rate policy has been a blessing to some and a burden to many. Nigerians that earn in foreign currencies have had more than a 200% increase in their purchasing power in the last 2 years.
Africa market to benefit from ‘DEAL 2017’ in Dubai, the largest show in the amusement industry
20-02-2017 | 11:27:00
The region will witness the largest show in the amusement industry – DEAL 2017, to provide an effective platform for the stakeholders within the African entertainment and amusement sector.
[Nigeria] TerrraPay, MoneyTrans and Paga partner for easier cross-border remittances
20-02-2017 | 10:15:00
TerraPay has announced that it has partnered with MoneyTrans, as well as Paga, Nigeria’s pioneering payments and financial services company, to launch cross-border remittances from Spain to mobile wallets in Nigeria.
WorldRemit sees huge growth in money transfers to Tanzania
20-02-2017 | 09:45:00
Digital money transfer service WorldRemit is consolidating its rapid expansion into Tanzania, supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad.
[Egypt] Afreximbank and Ecobank in a $500 million partnership to finance trade among member states
14-02-2017 | 13:47:02
The African Export-Import Bank (Afreximbank) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group have signed a memorandum of understanding (MOU) to promote joint corporate objectives
[Tunisia] Export Promotion Centre brings export markets to SMEs doorsteps with new periodic meetings
08-02-2017 | 06:53:55
The Export Promotion Centre (CEPEX) is to start a new set of periodic meetings for 2017 named “Let's Talk Export”.
European Union and ITC to launch the Gambia Youth Empowerment Project in Banjul
06-02-2017 | 09:30:00
The Gambia Youth Empowerment Project will officially be launched in Banjul on 9 February, as a joint initiative of the International Trade Centre (ITC) and the European Union in partnership with the Ministry of Trade, Industry and Employment