There is considerable scope for joint ventures between the two countries for the production of gold and fabrication and marketing of jewellery in Mali," the embassy said in an email interaction with IANS. The West African country currently produces 60 tonnes of gold per year. Mali offers good opportunities and prospects for Indian entrepreneurs and investors in the gold mining and food processing space, among others, the Indian Embassy in capital Bamako has said. “Mali is Africa’s third-leading gold producer (after South Africa and Ghana) and has an estimated reserve of 600-800 tonnes. There is considerable scope for joint ventures between the two countries for the production of gold and fabrication and marketing of jewellery in Mali,” the embassy said in an email interaction with IANS. The West African country currently produces 60 tonnes of gold per year.
The Chinese government has expressed the urgent need for African governments to be independent of their development, saying Nigeria, as the major African power, is expected to lead a self-sustaining economy. It also pointed out the fact that China is highly interested in maintaining a deeper cooperation with Africa, while stressing that African governments and firms, with preference for small and medium scale enterprises (SMEs), including Nigeria, should come out with workable plans to enable them benefit from the $60 billion funding support from the Chinese government. This was disclosed at a lecture for a delegation of Nigerian journalists on the ‘Belt and Road Initiative’ in Beijing, China.
A United Nations official has stressed that China's investment in infrastructure across Africa is key to achieving the continent's development aspirations. Nicholas Rosellini, UN Resident Coordinator for China told Xinhua here late Saturday that China's investment in Africa's energy sector, especially through renewable energy will go a long way to support the continent to create jobs on a large scale. It is estimated that in Africa 600 million people don't have electricity. "And that has affected of course many things. It makes it very hard to run business if you don't have reliable source of electricity. It makes it very hard to run clinics and hospitals; it makes it very hard for children to get educated and to get water. In terms of basic human needs, all of them nowadays depend to some extent on electrification," Rosellini argued.
The Peoples Republic of China has said it will lend Nigeria $4.5 billion to boost local agriculture. The loan is to enable Nigeria purchase farming tools including tractors, bulldozers, graders, irrigation pumps, amongst others. Audu Ogbeh, Nigeria's minister of Agriculture, and Abdulaziz Yari, Zamfara State Governor, made the disclosure while speaking to journalists in Abuja on Tuesday.
African countries, along with the Pacific Islands, are looking to improve ties and enhance cooperation while Morocco, which has recently rejoined the African Union, seems to be a leading country in terms of economic development, experts said at the five-day Crans Montana Forum
China has adopted a range of measures to guarantee the quality of its exports to Africa, said Zhi Shuping, head of the General Administration of Quality Supervision, Inspection and Quarantine,at a press conference for the fifth session of the 12th NPC in Beijing. Zhi said China is in close contact with 14 African countries to fight against fake products and safeguard legal interests. In 2016, a joint campaign among ports exposed 204 suspected cases involving fake products and seized 660,000 items.
Vice President Hamid Ansari on Tuesday said India was Rwanda's strong development partner. "We in India see ourselves as a strong development partner to Rwanda. We are already cooperating in sectors such as solar electrification, food processing, skill development and hydropower projects," Vice President Hamid Ansari said in an address at the University of Rwanda here. "India's engagement with Africa has its own unique script, based on what Prime Minister Narendra Modi has called 'strong emotional link' defined by our shared history of struggle against colonialism and our aspiration to bring prosperity to our people," Ansari said.
More business is expected at the Port of Mombasa after Singapore’s Pacific International Lines and China’s Guangzhou Yansha Development Zone partnered to increase their investments. PIL, the fourteenth largest container liner company in the world, and Guangzhou have agreed to build more rail and road connections in East and Southern Africa. The two companies signed a strategic cooperation agreement in Mombasa last week, sealing a deal to cover Kenya, Uganda, Rwanda, Burundi, South Sudan, Zambia and Malawi. The trade pact was signed by Guangzhou’s Zhang Benhua and Yong Wang, PIL East Africa representative Nandar Warrier, and Kenya Shipping Agency Association CEO Juma Tellah.
Russia has announced its desire to strengthen its agricultural trading relationship with Nigeria. Mr Nikolay Udovichenko, the Russian Ambassador to Nigeria said that the Russian government would export finished agricultral products and machinery to help boost the sector in Nigeria. According to him, the production of agricultural machinery is even higher than that of arms. “The Russian government is delighted and ready to export Nigerian agricultural products, especially, mangoes, pineapples, banana, pawpaw and cocoa beans."
According to South African table grape producers and exporters, one of the biggest breakthroughs since deregulation in agriculture has just been confirmed by the South African Table Grape Industry (SATI) and the Department of Agriculture, Forestry and Fisheries (DAFF). The producer organisation SATI is delighted that China changed the cold treatment protocol of South African table grapes to a more fruit friendly protocol. This creates a market opportunity to increase table grape exports from South Africa to China to about R2,5 billion over the next five years. DAFF has just confirmed that China’s cold treatment protocol is immediately effective from the 2016/2017 season.