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Saturday, 21 July 2018

One of Zimbabwe’s leading private investors, Adam Molai, who has a controlling stake in Savanna Tobacco says the country is open for business. The millionaire entrepreneur, who has several business interests in tobacco, liquid fuel logistics, lubricants distribution and retailing, says he leveraged a personal friendship with India's cola king Ravi Jaipuria to get him to invest in Zimbabwe. Billionaire Jaipuria, who became Pepsico's second-biggest bottler and owns Varun Beverages will invest US$30 million into the beverages industry to build a bottling plant.

Monday, 11 January 2016

The Chinese President, Xi Jinping, has announced that China is starting major operations to help people in Africa modernise agriculture, among other cooperation projects. The development initiatives will be provided with 60 billion US dollars from China, including aid, interest-free loans and loans with favourable credit terms, and the plans will be rolled out over the coming three years. In order to help Africa accelerate agricultural modernisation, China will carry out agricultural development projects in 100 African villages to raise rural living standards as part of the plans, China's national Xinhua news agency has reported.

Monday, 14 December 2015

The development of the People's Republic of China has been a remarkable achievement in terms of its rapid pace and global impact, and the Chinese experience provides useful lessons for Africa at a time when several development models have been attempted since political decolonization began in the 1950s. The current African model of development is the integration of many fragmented post-colonial polities into larger groupings, initially for purposes of economy of scale for trade, investment, and infrastructure development.

Monday, 07 December 2015

While the global economy is gradually recovering from the recession, Vietnam has recovered mush faster, creating opportunities for local and foreign businesses. This was the consensus among development experts, policy specialists, government officials, and business executives from Africa and Vietnam who attended a workshop last Friday on enhancing South-South Co-operation between African countries and the Mekong region. Their evolving economies and expertise allow for exchange of advanced knowledge, but a common language to facilitate communication is first needed, they pointed out.

Monday, 30 November 2015

Guyana’s rice exports increased by six per cent during up to October this year, compared with the same period in 2014, but a significant drop in the world market price for the product has resulted in reduced export earnings. Acting General Manager of the Guyana Rice Development Board (GRDB,) Nizam Hassan, said Guyana exported 437,448 metric tonnes of milled rice in the last 10 months, and 412,228 metric tonnes for that period in 2014. But with Guyana not getting the higher than above market prices that it was getting with Venezuela – which has decided to stop buying rice from Georgetown – the dollar figures are not looking as good.