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EDITO
Wednesday, 18 October 2017

Since the launch of its ‘go out’ policy in 1999, China has positioned itself not only as Africa’s largest trade partner but also as its largest investor. In the water sector, Chinese companies and banks are now the biggest builders and financiers of global hydropower dams. Moreover, China has increasingly begun to implement other water-related projects, including the construction of water treatment stations and water supply projects across Africa. Chinese companies’ competitive advantage to win tenders, largely due to the financial and political support of Beijing’s institutions (Ministry of Foreign Affairs, Export-Import Bank of China (China Exim Bank), China Development Bank), plays an important role in increasing China’s footprint in Africa.

Friday, 04 March 2016

The Ministry of Agriculture agreed with the governments of Tanzania, Zambia, and Congo to establish three pilot model farms with areas ranging between 500 and 600 acres. Director of COMESA Department at the Ministry of Agriculture Maher El-Maghrabi said the ministry agreed with the three countries to establish farms to produce various crops.

Thursday, 03 March 2016

A Kenyan cargo firm has called for more Chinese airlines to fly to Africa in order to expand Sino-Africa trade. Kenya's Astral Aviation CEO Sanjeev Gadhia told Xinhua in Nairobi that currently only two Chinese airlines fly to Africa. "We want more Chinese airlines to come Africa so as to improve connectivity between the two regions," Gadhia said. He urged more Chinese airlines to consider flying directly to Africa due to the huge demand for travel that is fueled by growing Sino-Africa trade. In 2015, Astral signed an agreement with China Southern Airlines. Under the agreement, Astral will transport Chinese goods that arrive in Nairobi from China Southern Airlines to the rest of East and Central African states. "Our role is to provide last mile logistics to Chinese goods headed to the hinterland countries such as Rwanda, Burundi and South Sudan," he said.

Tuesday, 01 March 2016

As India seeks to intensify ties with Africa, trade between India and Senegal, described as one of the continent's model democracies, totalled over $700 million in the 2014-15 financial year, an Indian diplomat posted in the Francophone west African nation said. "Official figures on trade between the two countries have grown steadily from 2010-11, when the total volume stood at $425.48 million. Trade between the countries has been growing at over 25 percent annually. India's exports to Senegal during the financial year 2014-15 were valued at $518.72 million and India's imports during the period were $208.13 million (for a total of $726.85 million)," R Narayanan, second secretary of the Indian embassy in Dakar, told IANS in an email exchange from SenegalÂ’s capital.

Iran is reportedly looking to lease land in Kenya, Uganda and Tanzania for large-scale food production to serve local and export markets. More than 10 Iranian companies have expressed interest in growing and processing rice, corn and wheat in East Africa, Iranian Ambassador to Kenya Hadi Farajvand has said. He said Iran is supporting mechanized agriculture beyond its borders, with companies leasing huge chunks of land and applying modern agricultural methods to grow food for export to Iran. The companies are willing to establish manufacturing plants in the region to cater to the local market and to export to Iran, Farajvand said.