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October 2017
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EDITO
Monday, 23 October 2017

Belarus is preparing to build a tractor factory in Angola to modernize agriculture, a logistics center and a diverse machinery network for industry. This was said on Monday in the country by the Foreign Affairs Minister of Belarus, Wladimir Makei, at the end of a meeting with his Angolan counterpart, Georges Chikoti, who is paying a working visit to that European country, reads a note from the MIREX that reached Angop. According to Wladimir Makei, the visit of the Angolan official paves the way for the exchange of information on financial, technological, scientific, academic and cultural capacity.

British investors, under their umbrella organization called Made in Africa Initiative, have disclosed that they want to establish two industrial parks in Uganda to deal in export and import substitution with the support of the British Department of International Development. The entrepreneurs made their plans known in a meeting with President Yoweri Museveni yesterday at State House, Entebbe. The British High Commissioner to Uganda, Mr. Peter West, led the delegation that included Ms. Hellen Hai, Chief Executive Officer of Made in Africa Initiative. State Minister for Privatization and Investment, Hon. Anite Evelyn, attended the meeting. The President thanked the British entrepreneurs for coming to visit Uganda and assured them of support to realize the success of their investment project in the country.

The Imaging Technology for Precision Agriculture Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Imaging Technology for Precision Agriculture industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Imaging Technology for Precision Agriculture market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures.

Nigeria has been identified as the 19th most attractive economy for investments flowing in Africa, the latest Africa Investment Index 2016 said on Friday. The publication by Quantum Global, an independent research arm of Quantum Global Research Lab., noted the huge potentials of the economy, saying the country, which attracted a net foreign direct investment, FDI, of $3.1 billion in 2015, was also among the top countries in Africa with potentials to attract an overall FDI of $13.6billion. The report, which ranked Botswana as the most attractive economy for investments flowing into the continent, also identified Morocco, Egypt, and South Africa as the other economies.

Wednesday, 28 June 2017

China stands ready to further cooperate with Mali in its agricultural and industrial development, with a view to helping the West African nation establish an industrial system, visiting Chinese Foreign Minister Wang Yi said here Sunday. Meanwhile, China will also help Mali to nurture capacities in the three major areas of infrastructure construction, human resources, and peace and security. These efforts are aimed at allowing the country to strengthen its capability for independent development and realize economic independence after it had achieved political independence, Wang said during talks with his Malian counterpart Abdoulaye Diop.

Thursday, 22 June 2017

Africa needs to foster partners in the developed world to further boost its international trade and economic growth. This is the consensus at the recent maiden forum on “Belarus-Africa: New Frontiers’’ held in Belarus. The forum, organised by the African Export Import Bank (Afreximbank) and the Belarusian Government brought together government officials and businesses in Belarus and Africa to explore more opportunities on trade relations. Dr Bernard Oramah, the President of Afreximbank, who set the tone of discussion at the forum, said that though the total African trade grew one trillion dollars in 2016, Africa had the potential to grow the trade volume exponentially in the next few years. He said that economic prosperity of the continent was, in the main, being stifled by poor infrastructure, stressing that Africa needed 93 billion dollars annually in the next 10 years to bridge the infrastructure deficit.

The European Union (EU) will finance the second phase of the Wadi El Kou Basin project in North Darfur with €10 million. The second phase of the project will start in October this year and will last for five years. The North Darfur Minister of Agriculture, Anwar Ishag, announced the grant in the state capital of El Fasher in a press conference yesterday, together with visiting EU adviser Magda Nassif. The Minister called for further cooperation with the EU concerning the implementation the second phase of the project. EU adviser Nassif said that she will sit with the project's advisory and technical committees, and will discuss the project as well with other stakeholders and leaders of the local communities to select the project areas.

Tuesday, 20 June 2017

European Commission VP for the Digital Single Market Andrus Ansip said the EU’s success in deploying the cross-market vision stands as a blueprint for the world’s digital economy. Addressing the Digital Assembly 2017 in Malta hours after the EU abolished roaming fees, Ansip praised the progress made in Europe’s digital policies and highlighted the potential beyond its borders. “The Digital Single Market is Europe’s main asset in the international digital economy and society,” he said, adding: “It spans different sectors as they embrace digital technology to innovate, become more efficient and stay globally competitive. “It reflects the growing importance of the digital economy for growth and jobs, for society, for business and consumers. That not only applies to the Digital Single Market that we are building in Europe.

Lack of education and mismatched skills remain major obstacles to Africa's development agenda and with an estimated 364 million Africans between the age of 15 and 35 years, Africa has the world's youngest population.The African Union Commission cautions that the future of Africa’s economic growth and the future of millions of Africans, is in jeopardy, if the underlying issues that hinder development are not adequately addressed. With Africa expected to double its population over the next 25 years and the working-age population expected to grow by approximately 450 million between 2015 and 2035, the African Union Commission deputy chairperson, Ambassador Kwesi Quartey, says it is critical to urgently address the lack of education and mismatched skills, as major causes of rising numbers of unemployment.

Cabo Verde (Cape Verde) is in a good position to attract investments by business people from China and Portuguese-speaking countries, through the meeting of Economic and Trade Cooperation that begins today in Praia, said the president of national investment agency Cabo Verde TradInvest, Ana Bárber. The event, called the Entrepreneurs’ Meeting for Economic and Trade Cooperation between China and the Portuguese Speaking Countries (CPLP), will take place until Sunday at the Cabo Verde International Fair (FIC) in Praia, and is expected to be attended by 400 business people, 160 of them from China and Macau. Bárber also noted that TradInvest will present some private projects looking for synergies and “concrete partnerships” between Chinese and Cape Verdean companies.