Senegal Joins Dubai's World Logistics Passport Initiative

Senegal is to boost its position as a trade hub for Africa by joining the World Logistics Passport, a major initiative by Dubai to link nations around the world and increase South-South trade. The framework agreement was signed by His Excellency Amadou Hott, Minister of Economy, Planning and Cooperation, the Government of Senegal, and Sultan Ahmed Bin Sulayem, Chairman of Dubai's Ports, Customs and Free Zone Corporation. Thanks to the...

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Facebook to Open its New Office in Nigeria

As part of its continued commitment and ongoing investment in Africa, Facebook (www.Facebook.com) today announced it will be opening an office in Lagos, Nigeria - its second office on the African continent. Aimed at supporting the entire Sub-Saharan Africa region, the office is expected to become operational in H2 2021 and will be the first on the continent to house a team of expert engineers building for the future of Africa and...

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Chinese-built Industrial Park Provides New Momentum to Ethiopia’s Growth

As African countries pursue industrialization, the Chinese-built industrial parks and free trade zones have been gaining momentum in the socio-economic drive of the continent, some significantly accelerating the process of industrialization and job creation. Located about 40 km south of Addis Ababa, the Eastern Industrial Zone (EIZ), built and operated by Chinese companies, is widely viewed as the benchmark for the development of...

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Kenya’s Blooming Flower Industry

Kenya's economy largely relies on the agriculture sector. Horticulture sub-sector is one of the top foreign exchange earners for the country generating approximately US $ 1 billion annually. The sub-sector contributes roughly 1.25% to the national GDP while flower exports contributes nearly 1% from the flower industry. It has grown in significance to a vibrant flower industry worldwide. The flower industry is also one of the largest...

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Ethiopia's Untapped Gold Deposits

In today’s Ethiopia, gold is the mineral that is the biggest hard currency earner for the country. Although Ethiopia exports other minerals including sapphire, opal, tantalum, emerald, gemstones, and marble, gold has become a focus for Ethiopia a priority sector to transform the country’s economy. The government of Ethiopia wants to use the sector as an engine of growth to propel the country’s economic growth. It hopes to...

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Djibouti Port: Trade and Logistic Hub for Africa

More than a century ago, when the old Port of Djibouti was built by the French colonisers, it was connected with a railway that linked Addis Ababa to Djibouti City. Given the size differences of the two countries – today Ethiopia’s population is more than 100 million, while Djibouti’s is less than 1 million – the port was never about trade with Djibouti, but trade with Ethiopia. It is no coincidence that today, the...

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Africa’s Food Market Could Be Worth $1 Trillion by 2030

Farmers in Africa and agri-businesses sector in Africa could be worth a trillion-dollars by 2030 if given proper access to more capital, electricity, better technology and irrigated land to grow high-value nutritious foods, and if African governments can work more closely with agribusinesses to feed the region’s fast-growing urban population, according to a new World Bank report. According to the Growing Africa: Unlocking the...

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Lead Generation from African Buyers: Promotion Plans by Africa Business Pages

Lead Generation Services by Africa Business Pages: Get 300 Business Inquiries from African Buyers Africa Business Pages has launched a deciated Lead Generation Service to help small business owners as well as large business conglomerates to reach potential buyers in the African markets through a dedicated digital marketing plans. The Silver Plan, for instance, can fetch as as many as 300 pre-qualified leads from African buyers per month at...

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Consumer Spending In Africa Continue to Grow

With a growing young population coupled with rapid urbanisation and fast-growing consumer expenditure, Africa offers attractive opportunities for entities wishing to expand into new frontier markets. Retailing contributions to GDP across the region continue to increase, indicating that the region is consumption-driven. Retail sales in the Africa amounted to over USD500 billion in 2019. Key retailing markets included South Africa, Egypt,...

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The Booming Markets In Africa

Many African countries have been increasing their spending on infrastructure such as airports, cities, hotels, ports, roads, bridges, hospitals, and power plants. Both west and east African countries continue to implement major infrastructure projects such as the Trans-African Highway network. This project is comprised of a transcontinental road which aims at integrating the region’s transport corridors to meet the growing demand for...

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