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January 2018
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EDITO
Thursday, 18 January 2018

Dubai and its African partners are looking to launch a new period of cooperation in trade and investment. While relations between the United Arab Emirates (UAE) and African countries have gone from boom to bust and back again, Dubai-based companies are now scouting for multibillion-dollar projects in Northern and sub-Saharan Africa. SMEs are very keen to expand their operations into the African market and reverse the crisis situation of 2008-2009 when many projects were left unfinished. During the 2014 Union Economique et Monétaire Ouest-Africaine Investment Forum held in Dubai, UAE businesses committed around $19bn for 17 infrastructure projects in West African countries through PPPs [public-private partnerships].

Chinese President Xi Jinping Zimbabwean President, Robert Mugabe to pledge support for Zimbabwe's socioeconomic development. Beijing has supported the construction of Zimbabwe's special economic zones and beefing up bilateral cooperation in such areas as agriculture, manufacturing, education and medical care. Financial institutions and businesses have been encourages to explore mutually beneficial financial cooperation with their Zimbabwean counterparts for win-win developments. Xi urged China and Zimbabwe to strengthen coordination and cooperation in such areas as the reform of the UN Security Council, the Post-2015 Development Agenda and climate change, so as to safeguard the common rights and interests of developing countries. 2015 marks the 35th anniversary of the China-Zimbabwe diplomatic relations.

Credit from an Indian bank is financing the new factory for tomato and mango processing in the town of Safi, 15 kkm from Bissau. The factory’s construction, The factory, which shall occupy 1hectare of land shall be built by an Indian company and have the capacity to produce 3,000 tons of tomato paste and eight tons of mango jam per day.

Taiwan and São Tomé and Príncipe have signed a cooperation programme for the 2015 financial year, which includes a financial contribution of over US$15 million. In addition to an annual donation of just over US$15 million to fund the General State Budget of São Tomé and Príncipe, Taiwan has spent around US$1 million per year on a special programme to combat malaria on the archipelago over a period of ten years. Additionally, Taiwan has provided over US$240 million since the establishment of relations with São Tomé and Príncipe in 1997, particularly in health, agriculture, infrastructure and education.

While millions of smallholder cotton farmers provide raw cooton to the global textile industry, due to a flal in cotton prices – by up to 45 %, many famrers do not enjoy a sustainable and profitable livelihood. According to the new briefing from the Fairtrade Foundation released for the Fashion Revolution Day, insofar as the cost of raw cotton makes up just 10 % or less of the retail price, a small increase in the price paid to cotton farmers could significantly improve their livelihoods. Cotton is grown in more than 100 countries on 2.5 % of the world’s arable land and plays a major role in the economic and social welfare of developing and newly industrialised countries. Moreover, the cotton value chain begins in the cotton field, but the end result has not created a virtuous circle for cotton farmers, especially in East and Central Africa, India, Pakistan and Central Asia. See more via twitter hashtag: #WhoMadeMyClothes