THE compromise clause in the bilateral investment agreement between Zimbabwe and SA, due to be signed in Harare on November 27, provided security of tenure for all existing and new South African investments in Zimbabwe, but excluded historical claims arising from Zimbabwe's land reform process, Trade and Industry Minister Rob Davies said yesterday.
AFRICA needs continuous flows of foreign direct investment to stimulate economic growth and reduce poverty levels on the continent, economists say.
President Museveni this week returned from the Forum on China-Africa Cooperation in Sharm el Sheik, Egypt, full of praises for the rising power in the East. The summit will have been watched very closely by other western powers which have traditionally enjoyed the most lucrative trade deals with the continent as well as the political and security deals that underline the trade.
Dangote Group of Companies says it has invested additional N25 billion into the Savannah Sugar Company in Numan, Adamawa State.
The Government of Rwanda yesterday entered a groundbreaking agreement with US-based Eco-Fuel Global and UK's Eco Positive Ltd-which will see the two companies sink $250m in a project to produce bio-diesel.
The East African Community marks its 10th anniversary on Friday in Tanzania, where the heads of partner states are expected to sign the Common Market Protocol.
Following the success of amnesty programme in the Niger Delta region, a firm, Dag Group Germany/United Kingdom, said it has concluded arrangement to partner with the Federal Government with a view to investing $30 billion on human and infrastructural development in the region.
Rwanda offers one of the best investment opportunities on the African continent and doing business in the country has been eased by a set of reforms that favour investors, a renown Germany entrepreneur told The New Times yesterday.
Amid global concern over food insecurity situation, which continues to impose serious threat for humanity, the world leaders have designed a summit to stem the tide of the insecurity. With food prices remaining stubbornly high in developing countries, the number of people suffering from hunger has been growing relentlessly in recent years.
The uninspiring granite exterior of the London Stock Exchange provided the quiet backdrop for a meeting that would almost have gone unnoticed, if it did not have such a strong bearing on Africa's growth prospects.
President Paul Kagame yesterday met and held talks with a group of investors who are in the country on a two-day visit aimed at identifying different investment opportunities.
International banking group, Standard Chartered Bank says that its conservative approach to business is the reason why the bank has been successful over a long period of time and they are confident the strategy will continue to pay dividends in future.
The strong rally witnessed on the Zimbabwe Stock Exchange in the previous week immediately came under a check during the week ended yesterday, as investors descended on the high yielding investment market to pocket gains reaped in the preceding week that saw the market awarding the highest weekly return to investors since the beginning of the year.
OUTSPOKEN Roan Member of Parliament (MP) Chishimba Kambwili, who was a vocal opponent of Chinese investors, has been awarded a contract to supply goods and install some equipment at the re-opened Chinese-owned Luanshya Copper Mines.
AFRICAN farmers are seeding prosperity. Marie Nerica who is sowing a new breed of Nerica rice in Sierra Leone is one example. She now produces enough rice to sell the surplus in local markets and to the government.
