China Africa Development Fund Hits 5 Bln USD

Posted on :Thursday , 24th December 2015

The China Development Bank has hit its target of pooling 5 billion U.S. dollars this year in its equity investment fund for investment in Africa, it said on Friday.

It has already allocated or earmarked nearly 3.2 billion U.S. dollars in the China Africa Development Fund (CAD Fund) for more than 80 projects from infrastructure to agriculture to energy resources in 35 African countr. . .

Samzim Targets 50 Percent TV Market Share

Posted on :Thursday , 17th December 2015

Zimbabwe is targeting a 50 percent market share on television sets in the coming year. This comes after the company opened a television sets and refrigerators assembly plant in Zimbabwe at the Zimpost Complex along Airport Road in Harare. The initial investment on the project amounted to $10 million but there are plans to create an assembly plant for Samsung's other products.

Textile Sector - a Centerpiece for East Africa\'s Industrial Development

Posted on :Thursday , 17th December 2015

 Since 1950s, the prevalence of the global textile industry, in response to global economic movement, had shifted from Japan, to Korea, Taiwan and other Asian countries. But the trend shifted to China and India since the 1990s. As per the World Bank Group Trade and Competitiveness (WBG), textile and apparel companies continue to look for business opportunities under the constant cost press. . .

Alliance to Increase Rwanda Internet Uptake

Posted on :Wednesday , 16th December 2015

Kigali — MTN Rwanda has launched a sponsored data service in partnership with mobile solutions provider, U2opia Mobile, in an effort to increase internet uptake in the country.

Ericsson to Collaborate With MNOs to Drive VoD Market in Kenya

Posted on :Wednesday , 16th December 2015

Ericsson is working closely with mobile operators in Kenya to begin the roll out of NuVu an end to end subscription Video on Demand content service.