Market News

Antananarivo — Chinese Foreign Minister Wang Yi said here Saturday that China always regards Africa as priority in its diplomacy.   During his talks with his Malagasy counterpart, Beatrice Atallah, Wang said that he chose Africa as his first overseas visit destination in 2017 by followi . . .

 Several global shipping lines will deploy major vessels to the port of Mombasa next year in efforts to revive trade.   According to Kenya Ports Authority (KPA), big ships from Denmark’s Maersk Line, Taiwan-listed Evergreen Marine Corp and French Shipping line CMA CGM will bring go . . .

 Global industry needs to continue embracing a green approach and not repeat old ways, Li Yong, the chief of UN Industrial Development Organization (UNIDO) told Xinhua in an interview.   On the occasion of UNIDO's 50th anniversary, Director General Li Yong said his focus was promoting th . . .

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructu . . .

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has record . . .