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EAC Seeks Extension on Signing Trade Deal With Europe

By Athuman Mtulya

DAR ES SALAAM, Tanzania, Sept 14, 2016 (The East African) -- The East African Community (EAC) heads of state have pushed the date for the final decision on the bloc's commitment on the Economic Partnership Agreement (EPA) with European Union to January next year.

Read more... Wednesday, 14 September 2016 14:03
 
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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."

Read more... Sunday, 28 August 2016 00:00
 
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Uganda: Russian Firm Pulls Out of Uganda's $4 Billion Oil Refinery

UgandaflagBy Frederic Musisi

KAMPALA, Uganda, June 30, 2016 (The East African) -- A Russian consortium RT Global Resources, which was announced as the best preferred bidder for the financing and construction of the $4 billion greenfield oil refinery in Hoima in western Uganda has walked away from the deal in unclear circumstances.

Read more... Thursday, 30 June 2016 16:39
 
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Tanzania Catalyst for Russian Growth

piccatalystBy Damas Kanyabwoya

DAR ES SALAAM, Tanzania, May 04, 2016 (The Citizen) — It is clear that Russia is seeking business and economic breakthrough with Tanzania. Whether it is part of its geopolitical adventures or genuine efforts to lessen economic sanctions imposed on it by the West after its forays into Ukraine, it is difficult to tell.

Read more... Wednesday, 04 May 2016 17:43
 
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Zimbabwe: Russia Promises More Business Deals

BULAWAYO, Zimbabwe, April 30, 2016 (The Herald) — Russia's Minister of Industry and Trade, Mr Denis Manturov, has said more investment deals between his country and Zimbabwe are on the cards. Mr Manturov was in Bulawayo yesterday to attend the Zimbabwe International Trade Fair (ZITF), where the Russian Federation is exhibiting a number of products and services.

Read more... Saturday, 30 April 2016 10:13
 
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