• Intra-COMESA Exports Hit $9.6b

    The Acting Minister of Commerce and Industry of Zambia Matthew Nkhuwa has noted that since the establishment of the COMESA Free Trade Area in 2000, Intra-COMESA total exports have increased from US $ 1.5 billion in the year 2000 to reach US$ 9.6 billion in 2015.

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  • Building a Digital Continent: Towards a New Model for Collaboration Between Africa and Its More Developed Peers

    According to the World Bank’s most recent report on Global Economic Prospects, despite the broad global recovery currently underway, Africa still faces substantial downside risks, especially relating to challenges with subdued productivity and potential growth.

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  • USTDA, AfDB expand procurement partnerships in Africa

    The African Development Bank has signed a Memorandum of Understanding (MoU) with the US Trade and Development Agency (USTDA) to partner under USTDA’s Global Procurement Initiative: Understanding Best Value.

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  • US$1 Trillion Infrastructure Investment Opportunity in 10 Compact with Africa Countries

    A new report released today by the Global Infrastructure Hub, a G20 initiative, has revealed an infrastructure investment gap of US$1 trillion in 10 Compact with Africa1 countries over the next 22 years. This represents a 42 per cent investment gap; one of the largest regional gaps in the world.

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  • United States To Invest $1 Billion In Africa

    Development finance institution of the United States government known as, Overseas Private Investment Corporation (OPIC), today launched its ‘Connect Africa’ initiative which will mobilize more than $1 billion to projects in Africa. The projects support transportation, communications, and value chains in Africa over the next three years, according OPIC.

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  • Zimbabwe to launch second leather industry strategy

    ZIMBABWE is set to launch its second leather industry strategy next month, which is expected to boost production in the region, a Common Market for Eastern and Southern Africa (COMESA) official has said.

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  • COMESA launches 50MWS project in Malawi

    COMESA successfully launched the 50 Million African Women Speak (50MWS) project, a women’s economic empowerment initiative, in Malawi following the engagement of stakeholders in Lilongwe. 

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  • Africa could revolutionise the energy sector through smart power innovation

    Within developing economies, including Africa, there are growing opportunities to implement new technologies and localised energy generation systems, that could lead to innovation that will change how the world generates, stores and distributes power.

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  • Intra-Africa trade boosted by launch of $1 bln promotion programme

    The African Export-Import Bank and the Export Credit Insurance Corporation of South Africa have launched a  $1 billion trade and investment programme expected to boost business between South Africa and the rest of the continent.

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  • AfDB commits $15m in Africa Food Security Fund

    The African Development Bank has approved a $15m equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa

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