Edson Baraukwa | Africa Guardian The International Finance Corporation (IFC) has committed a historic $14.2 billion in investments across Africa in the 2024 fiscal year, marking a 23% increase from the previous year. This record investment is aimed at boosting growth in critical sectors such as clean energy, manufacturing, digital connectivity, agriculture, small businesses, and trade, with a particular…
African economies should seize the opportunity to better integrate into technology-intensive global supply chains and boost prosperity, but this depends on their ability to harness key market and investment trends, the UN’s trade and development body UNCTAD said on Wednesday ___ Source here
There are many advantage for bartering of goods with Africa, the chairman of the Iran-Iraq Joint Chamber of Commerce said, adding that Iran should seize it as an opportunity to spur trade with the continent. Countries enjoy high capability of producing goods and can use bartering deals to supply goods as they need, Yahya Al-e Es’hagh emphasized. Speaking in…
Kenya’s President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the continent. Ruto has urged his peers in Africa to mobilise central and commercial banks to join Pan-African Payments and Settlement System (PAPSS) which was launched in January 2022….
South Africa with 605,097 tons worth $317.57 million was Iran’s main trade partner in the African continent during the period. It was followed by Mozambique with 394.3 tons worth $189.17 million and Ghana with 313,433 tons worth $164.65 million. Data released by the Islamic Republic of Iran Customs Administration show Iran exported 2.37 million tons of goods worth $1.15…
Source | Daily News PRESIDENT Samia Suluhu Hassan day arrived in Pretoria, South Africa for a two-day State visit at the invitation of South African President, Cyril Ramaphosa. The State visit will crown the second session of the South Africa-Tanzania Bi-National Commission (BNC). The commission comprises four committees –Political and Diplomatic; Defence and Security; Economic Affairs, and Social and…