Chinas’ face has suddenly become so ubiquitous in Nigeria’s major commercial cities with sub-standard textiles, machinery and auto-parts being the most prominent of the Chinese products being dumped in Africa’s biggest market under a relationship that is heavily-tilted in favour of the Asian economic superpower.
Africa imports $33 billion worth of good annually. The continent also gets about $3 billion food aid annually to bridge the gap between domestic food supply and demand, the Secretary General, UN Economic Commission for Africa (ECA) has said.
More: continued here
LACK of competition was a much bigger challenge for SA’s economy than the level of the rand, the MD of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said yesterday.
More: continued here
South African President Jacob Zuma has told the International Monetary Fund to resume lending to Zimbabwe as he continues the battle to end the illegal economic sanctions against Zimbabwe.
More: continued here
The power balance in Africa’s crude oil production landscape is set to shift in the near future as a number of new oilfields come online.
More: continued here
PRESIDENT Jacob Zuma yesterday finally declared his financial interests but it is still unclear what the interests are.
More: continued here
Zimbabwe’s new empowerment law that compels foreign-owned companies to give-up a 51% stake in their businesses to black Zimbabweans was greeted with shock by investors when first announced.
More: continued here
President Kagame, attended a lunch held in his honour at the Commonwealth Business Council (CBC), in London yesterday, and addressed the business members of the Commonwealth for the first time since Rwanda joined the Commonwealth.
More: continued here
Botswana’s government is totally against Kenya’s plans of a 20-year moratorium on ivory trading.
More: continued here
A tussle between the Treasury and the Department of Trade and Industry about local companies getting preferential treatment over foreign rivals in state procurement could scupper one of the pillars of the department’s new industrial policy action plan, if not resolved soon.
Recent Comments