August 2016

Wednesday 31 August 2016

 

Nigeria: FG, UK Sign MOU On Return of Stolen Assets' PDF Print Email
Wednesday, 31 August 2016 00:00 News

Nigeria: FG, UK Sign MOU On Return of Stolen Assets

ABUJA, Nigeria, August 31, 2016 (Daily Trust) -- The Federal Government has signed a Memorandum of Understanding (MoU) with the British government on the modalities for the return of Nigeria's stolen assets.

The Attorney-General of the Federation, Mr Abubakar Malami, signed on behalf of the federal government in Abuja yesterday.



Tuesday 30 August 2016

 

Singapore-Africa trade relations set to deepen with new agreements PDF Print Email
Tuesday, 30 August 2016 00:00 Diplomacy

Singapore-Africa trade relations set to deepen with new agreements

Singapore1By Calvin Hui

SINGAPORE, August 30, 2016 (Channel NewsAsia) -- Trade relations between Singapore and Africa are set to deepen, with several agreements signed on Wednesday (Aug 24) at the fourth edition of the Africa Singapore Business Forum.

These include the signing of the Avoidance of Double Taxation (DTA) with Ethiopia, a bilateral investment treaty (BIT) with Mozambique and an Air Services Agreement (ASA) with Nigeria.



Monday 29 August 2016

 

Africa: Over 100 Ministerial Officials Gathered in Beijing PDF Print Email
Monday, 29 August 2016 00:00 China Africa Watch

Africa: Over 100 Ministerial Officials Gathered in Beijing

By Fei Zhou

BEIJING, China, August 29, 2016 (FOCAC) -- July 29th witnessed a momentous event in China-Africa communication and cooperation. Over 100 ministerial officials from China and African countries gathered in Beijing to attend the Coordinators' Meeting on the Implementation of the Follow-up Actions of the Johannesburg Summit of the Forum on China-Africa Cooperation(FOCAC), jointly planning for China-Africa cooperation.



Sunday 28 August 2016

 

Norwegians Raise Cash for African Enterprises PDF Print Email
Sunday, 28 August 2016 00:00 Investment

Norwegians Raise Cash for African Enterprises

By John Sambo

JO’BURG, South Africa, August 28, 2016 (EABW) — The Norwegian Investment Fund for Developing Countries (Norfund) is raising cash for onward lending to African small businesses around the continent.

Kjell Roland, CEO at Norfund said last week in a statement: "Norfund invests in financial institutions to strengthen their ability to supply capital and financial services to SMEs and unbanked people in sub-Saharan Africa and thereby contribute to economic growth and poverty reduction."


 

Japan-Africa Summit Gives Continent New Leverage PDF Print Email
Sunday, 28 August 2016 00:00 Buziness Japan

Japan-Africa Summit Gives Continent New Leverage

KenJap1By Elizabeth Sidiropoulos and Neuma Grobbelaar*

SOUTH AFRICA, August 28, 2016 (SAIIA) -- When the Tokyo International Conference on African Development (TICAD) was launched in 1993 by Japan in co-operation with the World Bank, the United Nations and the UN Development Programme, it was the first such initiative of one country seeking to deepen its partnership with Africa.



Saturday 27 August 2016

 

Japan pledges to invest $30bn in Africa PDF Print Email
Saturday, 27 August 2016 00:00 Buziness Japan

Japan pledges to invest $30bn in Africa

AbeAfricaNAIROBI, Kenya, August 27, 2016 (Al Jazeera) -- Japan will invest $30bn in Africa over the next three years, Prime Minister Shinzo Abe has pledged at a summit in Kenya.

Starting this year, Japan will make a $10bn investment in the continent's infrastructure development, focusing on electrical power, urban transport systems, roads and ports, Abe said at the Saturday opening of the Tokyo International Conference on African Development (TICAD).



Wednesday 24 August 2016

 

China's big investment in Africa has suffered from instability and lack of local knowledge PDF Print Email
Wednesday, 24 August 2016 00:00 China Africa Watch

China's big investment in Africa has suffered from instability and lack of local knowledge

By Lui Zhen

SHANGHAI, China, August 24, 2016 (South China Morning Post) - Chinese investors in Africa have suffered huge losses due to instability on the continent and the failure of some mainland companies to fully grasp local conditions, a major think tank has warned.

China has greatly expanded its infrastructure, energy, mining and manufacturing businesses in Africa in recent years, but the investment environment there has many risks and many companies’ operations are flawed, according to the annual report on development in Africa by the Beijing-based Chinese Academy of Social Sciences.



Sunday 21 August 2016

 

In Pursuit Of Russia's Business Dreams, What Next? PDF Print Email
Sunday, 21 August 2016 00:00 Diplomacy

In Pursuit Of Russia's Business Dreams, What Next?

LongRoadBy Kester Kenn Klomegah*

MOSCOW, August 21, 2016 (Buziness Africa) -- Recognizing the widening gap and huge untapped potential in their economic cooperation, Russia and Africa are gearing up efforts in raising the level of trade and business, Lyubov Demidova, Deputy Chairperson of the Regional Chamber of Commerce and Industry at Moscow Region, explained in an interview with me, while emphasizing unreservedly the importance of increasing business and economic cooperation with the African countries.


 

Japan in Africa PDF Print Email
Sunday, 21 August 2016 00:00 Buziness Japan

Japan in Africa

JapanthTOKYO, Japan, August 21, 2016 (TICAD/WPost) -- On August 27 and 28, the Tokyo International Conference on African Development (TICAD) – the key platform to drive Japan’s development initiatives in Africa – will be held in Nairobi, Kenya.

While Africa has made great gains since the turn of the century, the collapse in prices of natural resources, the Ebola crisis and the rise of violent extremism and terrorism have highlighted the fragility of African development. The upcoming conference offers a timely opportunity to address the important challenges Africa faces today.



Friday 19 August 2016

 

Tanzania Becoming a Haven for Foreign Players PDF Print Email
Friday, 19 August 2016 00:00 Society

Tanzania Becoming a Haven for Foreign Players

footballDAR ES SALAAM, Tanzania, August 19, 2016 (CAF) -- Football in the East African country of Tanzania is on the rise, and is becoming a haven for foreign players notably from neighbouring countries, West Africa and Southern Africa.

With the new season just days away, as many as 12 new foreign players will light up the impending premier league.


 

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