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Tuesday, 17 July 2018

Chinese investors are increasingly interested to explore the floriculture sector in Kenya. Most recently, Nakuru, the fourth largest town in Kenya, has been identified as an attractive business destination for Chinese investors. In the floriculture sector, Julong Group of Companies and Oriental Agricultural plan to establish flower farms in Naivasha, an area in Nakuru County producing more than 75 % of the cut flowers exported from the country.

As the biggest producer of food grains and horticulture crops, Africa can benefit from training and technology transfer from India. India currently imports pulses from Africa. At a recent meeting of diplomats, both sides exchanged views on future agricultural cooperation and collaboration.

On an official visit to India, Mozambique President Filipe Nyusi, visited the Anand Agricultural University here and sought information about new technologies being developed in the field of agriculture.  The official delegation also visited a plant tissue culture laboratory; a farm - where varsity experts are doing experiments on groundnut and cotton crops - used by the university's research centre and 'Vidya Dairy', run by the students of Dairy Science College.

Asian Development Bank (ADB) President Takehiko Nakao met with Fiji Prime Minister Josaia Voreqe Bainimarama to discuss how the ADB can further enhance its support for Fiji to meet its development priorities. Mr. Nakao commended Fiji for achieving 6 consecutive years of strong economic growth. Mr. Nakao said, “The government’s efforts to attract private investment, boost infrastructure development, and introduce free primary and secondary education, are enhancing growth and improving the lives of Fijians (…) Maintaining this strong momentum, however, will require continued prudent economic management and implementation of reforms announced by the government.”

Monday, 07 September 2015

The IMF has published the Regional Economic Outlook for Asia and Pacific 2015. It shows that the economic outlook for Asia and Pacific is stable and robust: growth is expected to remain at  5.6 % in 2015, easing to 5.5 % in 2016. While Asia remains the global growth leader, there are vulnerabilities associated with domestic and foreign debt. The report explains that monetary and fiscal policy settings are broadly appropriate, however improving resilience and potential growth remain top priorities, with structural reforms continuing to play a big role. The report explores Asia’s role in global value chains and the factors affecting financial integration within Asia.