A subtle engagement: Ethiopia and India

September 3, 2013 6:47 pm0 comments by:
Ethiopia Indina

Even as the global economy has suffered from a prolonged crisis, a number of African countries have seen significant growth. Ethiopia stands out among them. With double-digit growth for the last decade, Ethiopians have seen their purchasing power double, from US$ 527 per capita in 2003 to over US$ 1,100 in 2011.Much of this success has come from relationships with new geopolitical giants, including the so-called BRICs nations, Brazil, Russia, India, and China. The “BRICs effect,” according to the African Progress Panel, “helped first to insulate Africa partially from the global economic downturn, and then to drive recovery.

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Closure of Ugandan Virmiculite Mine Leaves Hundreds Jobless

August 30, 2013 2:48 pm2 comments by:
Magumashi

We are just waiting for an opportunity, to reclaim our land since the factory has failed, and there’s no work going on” remarks 23 year-old Fred Waslika, whose ancestral land, was leased to, a vermiculite mine in Manafwa, eastern Uganda.

The Namekara mine, located some 230 kilometers, east of the capital Kampala, is owned by the Australian based Gulf Resources.

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Japan investors set their sights on Tanzania

August 11, 2013 12:50 am0 comments by:
Japan investors set their sights on Tanzania

Japan has made an unprecedented commitment to invest in Tanzania in a move aimed to make Tanzania as a model for Japan trade and investment in Africa.
This was announced yesterday by Japan’s Economy, Trade and Industry Minister Toshimitsu Motegi who is visiting Tanzania with a delegation of representatives from 13 private and five state companies.

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Aid-for-Trade and Africa is an ongoing process

July 19, 2013 12:51 am0 comments by:
Benefits at the local level will be crucial to showing the impact of Aid-for-Trade in Sub-Saharan Africa.

Image provided by www.guardian.co.uk.

A week ago I received an advanced copy of the 2013 report, Aid for Trade at a Glance: Connecting to Value Chains, composed by the Organization for Economic Co-operation and Development (OECD), which outlined the impact that the Aid-for-Trade Initiative has had over the last several years. Since its inception in 2007, the World Trade Organisation (WTO) and the OECD have partnered to create a system that encourages transparency of borders, through trade

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African Bonds: in quest of investment

July 8, 2013 11:17 pm0 comments by:
African Bonds: in quest of investment

In fixed income markets, “yield-hunting” currently seems to be the name of the game, and the economic crisis in the old continent make Eurobonds issued by African countries very interesting for risk-seeking investors. A smooth meeting between supply and demand is also favored by high interest rates in domestic markets. Nevertheless, there are several aspects that should raise investors’ attentions, as not all African realities can grant the same investment success.

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East African trade bloc to be the first target of U.S. Africa Trade Initiative

July 2, 2013 7:23 am0 comments by:
East African trade bloc to be the first target of  U.S. Africa Trade Initiative

DAR ES SALAAM, Tanzania — U.S. President Barack Obama announced a new initiative called Africa Trade aimed at increasing trade within Africa and between Africa and US.

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Botswana’s investment and management in diamonds paying off

July 1, 2013 12:25 am0 comments by:
Botswana’s investment and management in diamonds paying off

This week, the government of Botswana announced that it would start auctioning its own diamonds for the first time ever, moving much of its precious stone trade internally, away from the usual markets in the United Kingdom (UK) and Europe

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Foreign Investors Appetite for Tanzania Energy Sector Grows

June 25, 2013 5:35 pm0 comments by:
Foreign Investors Appetite for Tanzania Energy Sector Grows

NEWCASTLE—As Global investors seek opportunities to invest in Africa, the appetite to invest in Tanzania Energy industry has increased; largely reflecting the discoveries of huge gas resources and the positive economic outlook.

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Is Canada fit for purpose to help Tanzania achieve transparency in Extractive Industries?

June 15, 2013 1:02 pm0 comments by:
Stephen Harper, Prime Minister of Canada & His Excellency Jakaya Kikwete, President of Tanzania

Extractive Industry public policy is an increasingly hot issue in Tanzania. Since many of the extractive companies active in Tanzania are registered in Canada, it is not surprising that this issue has raised eyebrows.

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Tanzania must properly utilise resource wealth

Tanzania must properly utilise resource wealth

Tanzania is sitting on a verified mountain of natural gas resources, enough to help pull the country into economic prominence on the continent.

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