Eighth Africities Summit commences in Morocco

The 8th Africities Summit officially took off on Tuesday, 20 November 2018, in Marrakech, Morocco, under the theme: ‘Transition to Sustainable Cities and Territories: The Role of Africa’s Local and Regional Authorities’. The Africities 2018 Exhibition was scheduled to be inaugurated just after the official opening ceremony that Tuesday. This is now to be followed by several sessions on ‘Campaign Mobilization: African Cities without Children…

Coca Cola plan to invest around $500m

  Coca-Cola is chasing the youth market in North Africa through diversifying its drinks offer and creative thinking on points of sale Coca-Cola’s North African headquarters, in a characterless building 30 minutes’ drive from downtown Casablanca, hardly match the image of the ‘best known brand in the world’. The marketing champion, whose global headquarters in Atlanta is a landmark in the US, does not have…

China is investing 10x more in Africa than the U.S.

In the past few years, Chinese investment in Africa has exploded. While the US currently has $58 billion worth of investments in Africa and China has $40 billion, the US’s investments in Africa have been dropping over time. Consider the fact that in 2014, the US pledged to invest $14 billion in Africa over the next decade. China pledged to invest $175 billion in the same time period, dwarfing…

South Korea to invest $5billion in Africa’s economies

South Korea to invest $5billion in Africa’s economies South Korea has pledged to provide US$5billion financial cooperation package over the next two years to aid economic development in Africa. The Director of Korean Cultural Centre in Abuja, Sungrae Han, in a statement, said the South Korean government made the commitment at the just concluded Korea-Africa Economic Cooperation (KOAFEC) meeting.The meeting was on the sidelines of…

Trade officials from Africa descend on Busan

Trade officials from Africa descend on Busan Economy-related ministers from 35 African countries gathered in Busan on Monday to discuss ways to bolster the continent’s industrialization, improve economic cooperation with Korea and explore new business opportunities. The 53rd annual meeting of the African Development Bank will run until Friday in the southeastern port city under the theme ” Accelerating Africa’s industrialization”. The Busan meeting is…

Ethiopia, South Africa to Elevate Bilateral Relations

Ethiopia, South Africa to Elevate Bilateral Relations Ethiopia and South Africa are working to boost trade and investment, integrate their economies, says Ambassador Dr. Shiferaw Teklemariam. Ambassador Dr. Shiferaw, approa ched by The Ethiopian Herald, said that the total trade volume between Ethiopia and South Africa stood at more than 166 million USD in 2016, a figure much lower in relation to the potential. “Growth…

Namibia looking to West Africa for trade

Namibia looking to West Africa for trade   Magreth Nunuhe Windhoek – Namibia is eyeing lucrative markets in West Africa where there is potential for trading in certain food products, beverages, and beef, while also exploring service markets in Central Africa and Anglo-African countries, such as Kenya, according to the Minister of Finance Calle Schlettwein. “We believe Angola and the DRC (Democratic Republic of Congo)…

6 reasons to invest in Africa

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to companies that have paid close attention to the continent and invested there. The fast growing youth population, the urbanization expected to drive over 50% of Africans to cities by 2050, and Africa’s formalizing economy are all well known. These trends and…