Most Recent News

OFID signs $50 million deal with Natixis to bolster trade in Africa

OFID – the OPEC Fund for International Development – has signed a $50 million unfunded risk-sharing agreement with Natixis., part of Groupe BPCE, France’s second-largest banking group. Under the agreement,.

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South Africa’s investment climate is improving, Trade and Industry Minister

The Minister of Trade and Industry, Dr. Rob Davies, says that the investment in economic growth is not limited to job creation and economic inclusion for all. Davies was addressing.

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Trade volume between Egypt, France hits $1.459b over 8 months

The volume of trade exchange between Egypt and France hit $1.4 billion during the first eight months of 2018, with $460 million in exports and $999 million imports, trade and.

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CAPMAS reports Egypt’s trade deficit increased 8.4% in July

The Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday reported that Egypt’s trade deficit widened to $4.10 billion in July compared with $3.79 billion last year, an increase.

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Egypt’s trade with France hits $1.459 bln in August

Trade exchange between Egypt and France reached around $1.459 billion at the end of last August, said Egyptian Minister of Industry and Trade Amr Nassar on Saturday. “The $1.459 billion.

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Ethiopia: Turkey’s Africa policy shows trade potential

Ethiopian president on Wednesday praised Turkey’s opening policy towards Africa as it has helped both countries find mutual business opportunities with each other. “Turkey’s strategic engagement with African countries to.

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Rolls-Royce launches engine storage facility in Johannesburg

British luxury automobile maker Rolls-Royce has opened its first lease engine storage facility based in the South African Airways Technical (SAAT) site at Johannesburg’s Oliver Tambo International Airport, the busiest.

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Dangote calls for deepening of African economy through free trade

Aliko Dangote has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy. Speaking.

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ITFC launches major trade initiative in Africa

ITFC signed $1.5 billion Framework Agreement with the Government of Burkina Faso; West Africa SMEs Program launched to aid financial access for SMEs. The International Islamic Trade Finance Corporation (ITFC),.

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Morocco’s Trade Deficit up 12.6%, Foreign Direct Investment down 8.6%

By the end of August 2018, Morocco’s trade deficit year-to-date had increased to MAD 77.8 billion, up from MAD 69.1 billion in the same period of 2017. The trade deficit.

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