African Trade: China battles Japan for investment in Africa

China-Africa trade in 2015 amounted to about $180 billion, which was nearly 7.5 times more than Japan-Africa trade. If these numbers grow because of the “race to Africa,” Africa will benefit. The Sixth Tokyo International Conference on African Development (TICAD) was hosted in Nairobi, Kenya in August. There is some strong symbolism in its presence in Kenya, as it was […]

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African Trade: Let us localize globalization within Africa and grow with each other-Kenyatta

“I cannot think of any African I know who did not accept that the United Kingdom had the right to choose to leave the European Union. But if Africans attempt to exercise their sovereign will – if Africans attempt to exercise their sovereignty, and to democratically set aside international commitments which no longer work for them – we hear a […]

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Aviation: Uganda to spend $500million on New Uganda Airways

The Uganda government could acquire up to six aircraft should it take up the recommendations made in an inter-ministerial report concerning the proposed relaunch of a new national airline. Quoting excerpts of the report, the Uganda Monitor newspaper said last week that Yoweri Museveni’s government may source upto UGX1.1 trillion shillings (USD331 million) from various financial institutions, one of which […]

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Nigeria’s Economic Crisis: A neighbour’s Woes

LIKE a festering wound, commercial activities in the Republic of Benin is bleeding from the blow dealt on Nigeria by the economic downturn triggered by the global decline in crude oil prices and the collapse of the naira against other currencies. While before December 2015, 1000 CFA franc, the official currency of Benin Republic exchanged for N350, the value has […]

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African Trade: Ghana is China’s biggest trading partner in West Africa and Number 5 in Africa

Trade volume between Ghana and China hit $1.8 billion in the first quarter of 2016, ranking Ghana Beijing’s largest trading partner in West Africa and 5th on the continent, the Chinese Ambassador to Ghana, Sun Boahong has said. In 2015, trade figures with China rose to 6.6 billion, an 18 percent year-on-year growth. “China’s non-financial direct investment inflows into Ghana […]

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African Trade: Ambode plans ‘world class convention centre’ in Lagos

Lagos State Governor Akinwunmi Ambode recently revealed that his administration is working towards developing a top class international convention centre that would boost trade and investments. The governor spoke at the Lagos House, Ikeja when he received a delegation from the Lagos Chambers of Commerce and Industry (LCCI) led by its President, Chief Dr. (Mrs.) Nike Akande. He said a […]

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African Trade: After Rwanda, Uganda snub Kenya targets Ethiopia for rail and pipeline deals

By Fred Oluoch Kenya is seeking Ethiopia’s participation in regional infrastructure projects after Uganda and Rwanda pulled out of the joint oil pipeline and the standard gauge railway. In a bid to stem its increasing isolation in the region, President Uhuru Kenyatta invited Ethiopian Prime Minister Hailemariam Desalegn for a three-day official visit last week. The visit saw the two […]

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African Trade: Zimbabwe lobbies neighbours on ivory trade, will not burn stocks

Zimbabwe is seeking support from its neighbours to be allowed to engage in international trade in ivory and will not burn its 70 tonnes of ivory stocks as Kenya did last month, the environment minister said on Wednesday. Zimbabwe and Namibia are bidding to open up international trade in elephant ivory, against initiatives led by Kenya for a complete global […]

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African Trade: Zimbabwe lobbies neighbours on ivory trade, will not burn stocks

Zimbabwe is seeking support from its neighbours to be allowed to engage in international trade in ivory and will not burn its 70 tonnes of ivory stocks as Kenya did last month, the environment minister said on Wednesday. Zimbabwe and Namibia are bidding to open up international trade in elephant ivory, against initiatives led by Kenya for a complete global […]

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African Aviation: COMESA plans open Skies and common use facilities for the region

Liberalisation of airspace in the Common Market for Eastern and Southern Africa (COMESA) should expedited to boost regional trade and promote air travel. According to Dr Abu sufian Dafalla, the COMESA director for infrastructure and logistics, aviation is an essential life-line to intra-African trade and sustainable economic development in the trade bloc, and the continent generally. “It is therefore imperative […]

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