Trade - Page 3
Rwanda: Investments produce high job returns
Eleven thousand new jobs have been created in Rwanda as a consequence of the creative investment activities in the country, in 2009. The Rwanda...
Ethiopia: France Telecom wins bid to reform Ethiopia Telecom
France Telecom, the French state owned telecommunication provider, has been selected to manage Ethiopian Telecommunication Corporation (ETC), Ethiopia’s state-owned telecoms provider, after beating South...
Uganda Shilling dips against US dollar
Bank Of Uganda (BOU) yesterday revealed that the eastern African country's shilling had depreciated by 1.2 per cent in the past month alone.
It attributed...
Ethiopia: New Ethiopian Airlines-Boeing deal silences Airbus rumours
An agreement reached several months ago between the Ethiopian national carrier, Ethiopian Airlines, and Airbus for the supply of 12 A350 aircraft was rumoured...
Uganda gets tough on rivaling foreign oil companies
The government of Uganda has threatened to throw out rivaling oil companies in the country if their disagreements threaten the exploration of...
Ghana seeks to diversify Nigerian foreign investments
Nigeria has recently emerged as Ghana’s biggest economic partner, contributing to over 60 per cent of Ghana’s foreign investment. But the Ghanaian government has...
Ethiopia increases benzine supplies from Sudan
An agreement reached last week between Ethiopia and Sudan is set to reduce oil imports from many of Ethiopia's fuel supplying countries, including the...
Egypt-Ethiopia: Egypt becomes biggest commercial land acquisitor in Ethiopia
Ethiopia is set to grant 20,000 hectares of land to Egypt, making the latter the biggest foreign acquisitor of agricultural land in Ethiopia.
A...
Sierra Leone: Ban on lucrative logging industry
The Sierra Leone forestry guard has warned of impending environmental hazards following the indiscriminate deforestation practices in the country. This warning has forced...
Zimbabwe lauded for halting diamond auction by Mugabe crony
Human Rights activists have for once applauded the Zimbabwe government for blocking the auctioning of more than 300 000 carats of what is termed...
Zimbabwe auctions 300 000 diamond carats from controversial fields
Security has been heightened today at Harare International Airport with the security operatives out numbering passengers and airport staff. Since Sunday, the road leading...
Ethiopia-Egypt accords, a danger to Nile Basin negotiations?
Ethiopia and Egypt have moved a significant step, this week, towards leveling their bumpy relations. The two countries have agreed to strengthen their economic...
Madagascar, Guinea, Niger get U.S. economic aid boot
The Obama administration has decided to suspend trade benefits granted under the African Growth and Opportunity Act (AGOA) for Guinea, Niger and Madagascar, citing...
Land grabs in Africa: “The stakes are huge”
The sale or lease of millions of hectares of African farmland to foreigners in recent years has set alarm bells ringing on and off...
Liberia’s shady diamond deals and free war criminals
The Liberian government despite its post-conflict progress, has not frozen assets benefiting or owned by war criminals, the UN panel of experts monitoring Liberia...
African Union: Experts Meet Ahead of the Extraordinary Conference of African Ministers of Economy and Finance
African Experts in the domain of Economy and Finance converged at the headquarters of the African Union Commission (AUC), today, Monday 14 December 2009,...
The day Venezuela taught Nigeria a hard lesson
The Nigerian minister of information and communication, Professor Dora Akunyili, was given a good lecture by the Venezuelan ambassador to Nigeria, Enerique Fernando Arrundell...
Mali: Gov’t land deals forcing local farmers out of vocation?
There are growing fears in Mali, amongst farmers, over land availability, as the government leases out large portions of arable lands to foreign investors....
Ethiopian economy highly affected by Djibouti port tariffs
Exorbitant charges, among other factors, incurred by Ethiopia at the Port of Djibouti, have seen the landlocked eastern African country's economy hit the doldrums,...
IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation's central bank. The...
Angola: Chinese violence and murders, protest or criminality?
The spate of violence against Chinese nationals in Angola is fast becoming an issue of concern. A sense of neocolonialism amongst some Angolans is...
China buys Zimbabwe prison
Zimbabwe"s controversial relationship with China has taken an amusing
turn after the communist country bought Harare Central prison complex
which houses more than 2000 families and...
Guinea: Mixed feelings over Chinese take over of Guinea’s Bauxite mines
China has agreed to take over all mining rights to Guinea’s reserves of bauxite, and construct ports, railway lines, power plants, low-cost housing and...
Africa Needs Partnership, Not Handouts
His Royal Majesty Drolor Bosso Adamtey I (Dr. Kingsley Fletcher) of Ghana was a plenary speaker at the Seventh General Meeting of the World...
Ethiopian Commodity Exchange is big business not a charitable organization
Can commodity markets succeed in Africa? The success of the Ethiopia Commodity Exchange (ECX) answers that question with a resounding “yes.”
Eleni Gabre-Madhin, the founder...
Africa: Rwanda President defends China, scorns western relations with Africa
Mr. Paul Kagame has backed China's engagement in Africa, claiming the Asian country offers what African nations need; investments and money. This appraisal of...
U.S.-Africa Business Summit: African business goes where it is most welcome
Improving the living standards of their people should be the only justification for any political leader in Africa to stay in power, Ghanaian President...
Africa: Foreign fishing fleets depleting a potential wealth resource
Africa’s domestic fishing grounds are protected under international law. Why then, do foreign fishing fleets continue to exploit Africa’s waters and cause huge social...
Tanzanian President doesn’t believe China is “gobbling up” Africa
African leaders “have a duty to create the right climate for business” in Africa, Tanzanian President Jakaya Kikwete said September 28 in Washington. Kikwete...
Nigeria: Will China’s oil firm be different in operations in the Niger Delta?
The spread of China in Africa is taking shape in Nigeria’s oil fields as contract books, and oil drilling licenses exchange hands in Nigeria’s...