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Video guest: Josephine Mwangi

September 2018
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Monday, 24 September 2018

The United Nations has called for increased funding for organic farming in Africa, saying it has rich potential but is increasingly under-funded. A survey conducted by the UN Conference on Trade and Development revealed on Monday in Rome that organic farming offers an excellent and lucrative export opportunity for Africa. It noted in a survey that access to finance is harder to come by than five years ago. In the survey, 64 per cent of organic farmers, exporters, and experts from 16 African countries said the situation had not changed while 23 per cent said they felt that access to financing had become more restrictive in the last five years.

Tuesday, 06 September 2016

With India-Africa trade turnover standing at $70 billion, India is now looking for inward investments from Africa, a senior official said on Tuesday. “Total trade turnover between India and Africa is $70 billion,” Amar Sinha, Secretary (Economic Relations) in the Ministry of External Affairs, said at a curtainraiser here of the “I for Afrika” business networking event. “We are not only looking at investing in Africa, we are also looking at African investments in India,” Sinha said. Organised by the Indo-African Chamber of Commerce (IACCI), the eighth edition of “I for Afrika” is also supported by the Ministry of External Affairs and the Ministry of Commerce and will be held in Mumbai from September 27 to 30.

Japan is expected to use the sixth Tokyo International Conference of Africa's Development slated for Nairobi, Kenya this week to boost trade relations between the nation and the continent at a time when it is trailing behind its Asian peers. According to data released Monday by the Kenya National Bureau of Statistics (KNBS), while Japan's monthly exports to Kenya average 67.4 million U.S. dollars, India ships into the East African nation goods worth 193 million dollars and China's exports stand at 233 million dollars.

Tuesday, 23 August 2016

China has reinforced its position as Africa’s biggest lender for infrastructure financing. The Export-Import Bank of China (China Exim) has committed to major projects with the African Export-Import Bank (Afreximbank) and with the Tanzanian government. A co-operation agreement with Afreximbank aims to create a US$1bn China-Africa investment and industrialisation programme to facilitate the construction and creation of industrial parks and special economic zones on the continent and to provide Africa with the capacity for light manufacturing and primary processing of raw materials and commodities.

Monday, 22 August 2016

Relations between Zimbabwe and India reached a new high yesterday after the New Delhi administration donated $1 million and 500 tonnes of rice to Harare for drought relief purposes. The donation was handed over by India's ambassador to Zimbabwe, Mr Masakui Rungsung Chief Secretary to the President and Cabinet Dr Misheck Sibanda received the donation on behalf of Zimbabwe. Dr Sibanda thanked India for its quick response to an international appeal made by Zimbabwe on food relief following the El Nino-induced drought that affected most parts of the country.