Africa wants greater representation in IMO’s Council, says AAMA’s Dakuku
Businessam Staff
July 31, 2017
Dakuku Peterside, Chairman, Association of African Maritime Administration (AAMA), has called for increased representation of the continent in the International Maritime Organization (IMO), Council and its Secretariat. Dakuku who made the appeal when he led a delegation of some members of AAMA Executive Committee to meet with Kitack Lim, IMO’s Secretary General, at the Organization’s […]
China’s connection to Africa’s rising technology industry grows stronger
Businessam StaffJuly 30, 2017
It’s a match made in business heaven: Chinese technology companies hungry for expansion are diving into the less-developed African continent, where several countries are targeting double-digit economic growth. Iginio Gagliardone, a lecturer in media studies at the University of Witwatersrand in South Africa, told CNBC via telephone that the Middle Kingdom’s expansion into Africa has […]
China leads way in Africa’s rising technology industry
Businessam StaffJuly 28, 2017
It’s a match made in business heaven: Chinese technology companies hungry for expansion are diving into the less-developed African continent, where several countries are targeting double-digit economic growth. Iginio Gagliardone, a lecturer in media studies at the University of Witwatersrand in South Africa, told CNBC via telephone that the Middle Kingdom’s expansion into Africa has […]
Zimbabwe’s economy reacts positively to Internet payments
Businessam StaffJuly 28, 2017
Zimbabwean companies including Delta Corp Ltd. and BAT Zimbabwe Ltd. have seen their fortunes turn as cash-strapped consumers start to embrace electronic payments for goods and services. Delta, Anheuser-Busch InBev SA/NV’s brewing operations in the southern African country, reported a 12 percent rise in lager volumes in the three months through June, the first increase […]
China protects investments as it warns Botswana ahead of Dalai Lama visit
Businessam StaffJuly 26, 2017
China stepped up its warning to Botswana on Wednesday over a planned visit by exiled Tibetan spiritual leader the Dalai Lama next month, demanding the African nation respect China’s core interests, Reuters reports. The Dalai Lama, reviled by Beijing as a dangerous separatist, is expected to address a human rights conference in the capital, Gaborone, […]
Mexico economy minister eyes multiple rounds of NAFTA talks
Businessam StaffJuly 23, 2017
There could be between six to nine rounds of negotiations between the United States, Canada and Mexico in the event a quick deal is reached on a revamp of the North American Trade Agreement, Ildefonso Guajardo, Mexican Economy Minister said. Guajardo told reporters in Mexico City on Friday the NAFTA members were looking at avoiding […]
Kenya’s latest mobile phone bond falls short of target
Businessam StaffJuly 21, 2017
An innovative Kenyan bond which is bought via mobile phone had raised far less than the 1 billion shillings ($9.6 million) targeted on Friday, failing to match a previous success. In March, the East African nation became the first country to issue a mobile phone-based bond, which can be bought by phone users without the […]
Continental Free Trade Area negotiations moving in the right direction, says ATPC
Businessam StaffJuly 20, 2017
Continental Free Trade Area (CFTA) negotiations are moving in the right direction and at the desired pace, with the first phase of the negotiations expected to be concluded by the end of 2017, David Luke, Coordinator of the African Trade Policy Centre (ATPC) has said. Speaking at the just-ended Aid for Trade Global Review 2017 […]
International community needs to ‘change narrative’ about Africa, says UN chief Guterres
Businessam StaffJuly 20, 2017
Briefing the Security Council on their strengthened collaboration, top officials from the African Union (AU) and the United Nations today highlighted their joint work on peace and security in the Gambia, Somalia and South Sudan, as well as other African countries, and urged adequate, timely and predictable funding. Addressing an open debate of the Council […]
South Africa’s Inflation rate falls to a 19-month low in June
Businessam StaffJuly 19, 2017
South Africa’s inflation rate fell to its lowest in 19 months in June, creating room for the central bank to shift toward looser monetary policy. Inflation slowed to 5.1 percent from 5.4 percent in May, Pretoria-based Statistics South Africa said Wednesday in a report on its website. That’s the lowest rate since November 2015. The […]