ZIMBABWE has been recording huge monthly trade deficits with China since the beginning of the year in yet another blow to Zanu PF's populist "Look East Policy", latest data from the government statistical agency has revealed. The only time Zimbabwe recorded a trade surplus was in February when exports of US$28.8 million were more than imports of US$6 032 612, according to data from the Central ...
The Liberian government has announced that it is in the final stages of securing a U.S. $1.6 billion Indonesian investment in palm oil production which is expected to create 35,000 jobs.
Hearts to Africa Foundation, a non-profit making charitable organisation, based in the United Kingdom, last Saturday donated learning materials to 56 schools from nursery to senior school level in the country, at a presentation ceremony held at Atlantic Hotel in Banjul.
China has not given up on its attempt to become a player in the Nigerian oil industry. Consequently, the $50 billion offer to the Federal Government to enable it acquire 49 per cent stake is still on the table. This translates to some six billion barrels in oil reserves.
President Paul Kagame yesterday called upon African countries to commit more funds to the agricultural sector if the continent is to address the problem of food security and transform one of the major engines for growth and prosperity.
Africa's success in avoiding the worst of the economic crisis that has swept the industrialised world has been due in large part to the remarkable growth of trade and investment with China, India, Brazil and other "emerging" developing countries.
SA's role as the gateway for foreign investment into Africa is not guaranteed, and even though it has an excellent platform it must not become complacent about its gateway status, global management consultancy Monitor Group has warned.
ZIMBABWE and two Chinese investors on Monday signed four multi-million dollar deals that will see the Asian companies investing in the mining and transport sectors.
Agriculture, though has remained one of the priority areas of the development strategies of successive governments, is yet to make an impact in the overall national economic growth efforts.
Sub-Saharan Africa’s growth performance has improved substantially during the last decade and the World Bank attributes activity in the infrastructure sector as having played a significant role in achieving the growth. Though Africa's infrastructure still remains grossly inadequate, the upside is private investment in projects is increasing - particularly in transport, ...
The government yesterday reiterated its opposition to homosexuality and said donors were free to withdraw their funding if they wish.
The Federal Government has expressed its willingness to collaborate with Uganda to develop its nascent oil industry in line with its commitment towards promoting the ideals and objectives of the New Partnership for Africa Development (NEPAD) and the African Union.
The proposed merger of three regional economic blocs is soon expected to face an acid test when member states give views on recently released work plans that seek to guide the process.
The Government of the Republic of Liberia and the People's Republic of China have signed a grant for 50 Million RMB yuan, an equivalent of nearly US$8 million to support projects agreed upon by the two countries.
The Minister of Finance, Augustine Nganfuan has announced in Monrovia that an international investment group, the Hamsah Investments Limited and Wall Capital Limited has sued the Liberian Government in a British High Court in London for a Summary Judgment to enforce a 2002 New York judgment for over US$ 20million.
