Market News
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Africa: AU in Plans to Set Up Free Trade Area
Posted on :Friday , 5th February 2016
The African Union's Commissioner for Trade and Industry Fatima Acyl has called for structural transformation to create jobs that will improve the wellbeing of the African people.
Ms Acyl, who was speaking at a meeting in Addis last week, before the African Union summit, said the backbone of the AU's industrial transformation plan is the African Mining Vision, . . .Africa sole continent likely to achieve double-digit economic growth by 2025
Posted on :Friday , 5th February 2016
Africa is set to become the second fastest growing continent by 2025, with GDP set to touch US$4.5 trillion
joburgdevelopment paulsaad flickrRapid urbanisation could lead to several Africans living and working in large cities.A Frost and Sullivan report, in the form of a video titled Mega Trends in Africa, states that urbanisation, mobility, infrastructure, na. . .Industrial technology is raisining Kenya�s GDP
Posted on :Monday , 1st February 2016
The word ‘economy’ has connotations of big business, office-based industry and online-based markets
Kenya John WollwerthMobile technology is important in Kenya with 82 per cent of the population owning a mobile phone.Economies like the US and the UK are largely based on retail and the service sector, providing a strong flow of GDP and adding to growth. For Ken. . .Exports hold the key to Kenya�s economic take-off
Posted on :Monday , 1st February 2016
Kenya’s import orientation has revealed key flaws. One clear problem is having a chronic and substantial current account deficit.
Secondly the government has to be hawk-eyed about the shilling depreciation to keep import bills manageable. Third, the country is unable to generate forex to pay foreign-denominated debt.Finall. . .East Africa and China deepen ties, sign trade agreement
Posted on :Friday , 29th January 2016
Djibouti’s president has signed an agreement with China to set up a trade zone and establish legal framework to let Chinese banks operate in the country, according to a Reuters report
Djibouti President Ismail Omar Guelleh stated the aim is to have the first phase completed and operational before end of 2016The trade zone is expected to cover an area of . . .Please Select an Option
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