Trade relationship between Vietnam and Africa is yet to achieve its full potential in spite of its significant growth in recent years especially in the fashion industry. This is according to Le Hoang Tai, deputy director of the Vietnam Trade Promotion Agency (Vietrade). “Many African businesses and consumers are not...
Business heads from East Africa have called for a thorough review of aviation charges and levies. They have raised their discontent in regards to the skyrocketing air transport costs in the East African Community region. Through their apex body of the private sector associations, East African Business Council (EABC), they...
Technology group Wärtsilä has signed a 10-year service agreement with Malicounda Power SAS of Senegal to strengthen the power plant through artificial intelligence tools. The long term service agreement targets further strengthening of Malicounda Power’s position as a power producer for the West African country’s grid. The $167...
African countries need to embrace green technologies as well as improve connectivity by air by opening up their skies to establish a domestic market for tourism activities to take place. These were among the key highlights of a tourism roundtable by African tourism ministers held in Cape Town, with the...
Up until December of 2019 when the first case of COVID-19 was reported in Wuhan China, business was as usual, travel and investment was happening as scheduled. This however changed abruptly when more cases continued to be recorded and the virus seemed to spread like wild fire across the globe....
Afreximbank has set up a $4bn credit facilities program to help African businesses and economies manage the impacts arising from the Russia-Ukraine crisis that demand for financing. The multilateral financial institution, said that its Board of Directors had approved the launch of this Ukraine Crisis Adjustment Trade Financing Programme for...
Ghana is set to invest $25m in its tourism industry as part of its strategy to woo tourists into visiting Ghana. Through a global campaign dubbed ‘Destination Ghana’, the move seeks to upgrade Ghana’s tourist attraction sites and in turn attract one million tourists a year from Europe by...
Unfavorable business environment has decreased investments into Tanzania, with foreign direct investments dropping by a third since 2015. This is according to a report released by European Union on EU Investment in Tanzania. The report shows that the number of foreign businesses registered in the country have dropped by a...
UK has launched a program worth $46m to support negotiations and implementation of AfCFTA. This was announced by International Trade Secretary Anne-Marie Trevelyan This AfCFTA support programme will provide trade facilitation and trade policy support to the AfCFTA Secretariat and Member States through TradeMark East Africa (TMEA), Overseas Development Institute...
