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Japan makes clever moves to promote Investment in Africa

Japan will set up a permanent joint council between the government and private sectors to promote investment in Africa as it seeks to play catch-up with China, the U.S. and Europe in the increasingly promising region, government sources said on Thursday. The launch of the joint council will coincide with the Seventh Tokyo International Conference […]

Microsoft to Launch its first data centres in Africa

Microsoft disclose the opening of its first data centres in Africa, with the general availability of Azure from the new cloud regions in Cape Town and Johannesburg, South Africa. This makes Microsoft the first global provider to deliver cloud services from data centres on the continent, which will help companies securely and reliably move their […]

S/Africa’s Saldanha Bay IDZ attracts $214 in investments – minister

South Africa’s Saldanha Bay Industrial Development Zone has signed new investment agreements, which bring the total number of committed investors to eight and an investment value to over US$214 billion, Trade and Industry Minister Rob Davies said on Tuesday.These investors include international stakeholders from the Britain, Europe, the Middle East and Africa, with the rest […]

Afreximbank’s FEDA to boost FDI

The Fund for Export Development in Africa (FEDA), the equity investment fund created recently by the African Export-Import Bank (Afreximbank), will catalyse foreign direct investment (FDI) flows into Africa’s trade and export sectors, President of the bank, Benedict Oramah has said. Speaking in Tunis during the opening of the Financing Investment and Trade in Africa […]

AGCC makes a move towards linking the Beauty Industry in China and Africa.

TANZANIAN manufacturers of cosmetics have been encouraged to take advantage of upcoming China International Beauty Expo (CIBE) to be held in Guangzhou, China, at which they can learn new technology and formulas for making such products. Organisers said yesterday that they now focus on linking beauty industry in Africa and China, taking into account the […]

EU support Smallholder agri-businesses in Nigeria and other African Countries

The European Union (EU) has provided €45 million to support smallholder agri-businesses in rural areas in Nigeria and other African countries. The EU disclosed this in a statement yesterday. The EU Commissioner for International Cooperation and Development, Neven Mimica, during the inauguration of the support fund in Rome, said the launch of the support known […]

Botswana, Zambia sign AfCFTA

Botswana and Zambia have signed the agreement of the African Continental Free Trade Area (AfCFTA) meant to create one African market. The country signed the agreement at the just-ended Africa Union Summit. Zambia also signed the AfCFTA at the same event. Botswana and Zambia were among the countries that had not signed the AfCFTA following […]

Rwanda to Launch its First Smartphone Factory By April 2019.

By April 2019, Rwanda could be at the forefront of a technological revolution in Africa. Paula Ingabire, Rwanda’s Minister for Information and Communications Technology (ICT) and Innovation, on the 7th of February, announced to the country’s parliamentary Standing Committee on Education, Technology, Culture and Youth that a smartphone manufacturing plant is set to be opened […]

Chinese firms plan to export e-commerce culture to Africa

Some of China’s largest tech giants are establishing roots in Africa’s budding e-commerce market, where structural limitations and immature markets have deterred global players. The prospect of getting an early seat at the table, however, has caught the eye of bigwigs such as Jack Ma, who has kickstarted a number of preliminary initiatives aimed at […]

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