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Related: Strategy & FocusKenya : Kenya, Iran eye increase in import-export trade ties - The Standard Nairobi, Kenya: Kenya and Iran will look to build their trade portfolio in agro processing, textiles, leather, management and technical services and materials, oil, gas, mining and constructive materials. Speaking during a Kenyan-Iranian bilateral trade meeting in Nairobi, the Cabinet Secretary, Ministry of Industry, Trade and Cooperatives, Adan Mohamed confirmed the Iranian delegation led by the Iranian Minister of Trade, Mining and Trade, Mohammad Reza Nezmatzadeh is in the country seeking attractive investment opportunities to invest in. “We are excited at these potential opportunities to amplify our trade relationship as we seek to leverage our competitive advantages in diverse industries for our mutual benefit”, said Mohamed. “We have had long and productive trade connections in the past and these discussions will further that bond as we expand our portfolio of commodities and to develop our industrial capacity” According to Mr.
MTN Cameroon gets 60 billion to improve its 3G offer Business News of Wednesday, 10 June 2015 Source: Journal du Cameroun 2015-06-10en MTN Cameroon, leader of mobile telephony in Cameroon taking into account the number of subscribers, obtained on June 08, a syndicated 60 billion CFAF, granted by a group of banks, to expand its 3 G network. Successful bidder of a first 2G licence in February 2000, the Cameroon subsidiary of the South African MTN Group obtained the renewal of its agreement with the Government of Cameroon on March 11, 2015, with an addition, the authorization of exploitation of third and fourth generation technology (3G / 4G) on its network which costs 75 billion CFA.
Mobile set to shake up Africa’s magazine markets Things haven’t been easy for magazines in South Africa, where more titles closed than opened over the past year. But the closures are not necessarily indicative of the health of the sector. It’s a nasty statistic that should give pause for thought – especially considering titles that bit the dust include local editions of international titles Rolling Stone, Oprah Magazine and FHM, all launched a few years back with much fanfare and high hopes. This is the result of a thinning-out of the herd after the rash of new titles that blossomed before tough times and new realities hit the magazine market. But the closures do sound a clear warning that publishers need to seek new revenue streams and invest in innovation and platforms to accommodate changing consumer reading habits.
Vodacom opens Congo floodgates VODACOM Group has put its problems with its minority partner in the Democratic Republic of Congo behind it, which will allow the cellphone operator to scale up investments to double the number of subscribers in its largest untapped market, within five years. The International Chamber of Commerce "has ruled in our favour in the arbitration on Vodacom Congo", said Vodacom CEO Shameel Joosub on Monday, talking about the long-running shareholder dispute in the 51%-held company that is Congo’s largest operator. Vodacom is involved in a funding dispute with its 49%-partner, Congolese Wireless Network (CWN), over loans it provided to the Congolese business for capital investments. "The case is over. The arbitration found in our favour on the funding issue. It said we have the biggest share in the business," a guarded Mr Joosub said.
Africa and Asia forge stronger alliances - Malaysia Sun Africa Renewal Tuesday 30th August, 2016 The factory is a "proud symbol of South-South cooperation," Indian Foreign Minister Digvijay Singh said at the inauguration ceremony. Senegalese President Abdoulaye Wade commended the Indian government for "knowing how to convince the Indian private sector to invest in Senegal, a brother country." He noted that such ventures fit the priorities of the continent's New Partnership for Africa's Development (NEPAD), which stresses collaboration between African and non-African countries.
WACS submarine cable to go operation on July 1 Business News of Tuesday, 16 June 2015 Source: Investir au Cameroun 2015-06-16en After SAT3, WACS, the 2nd submarine optical fiber cable to which Cameroon is connected, is expected to be operational from July 1, 2015, after the construction by Camtel, of the binding fiber optic between Limbe, city in the Southwest that is home to the point of siltation of the WACS, and Douala, the economic capital of Cameroon. Commissioning of the WACS should contribute to the improvement of telecommunications services in the country. WACS was drawn to Cameroon by a consortium of companies to which MTN International was part of.
Naspers is launching a Netflix competitor in the US and Europe AP Photo/Eugene Hoshiko) Africa’s largest media company, Nasper’s, has plans to expand its new video streaming service to North America, Europe, and Asia, according to Bloomberg. The service, called “Showmax,” is a Netflix competitor that will offer not only content from the likes of CBS, the BBC, and Time Warner, but also content produced on the African continent. The $65 billion South African company hopes to attract 15 million subscribers outside of Africa, partially by leveraging a deal with Samsung to include Nasper’s service in its smart TVs, Bloomberg reports. In comparison, Netflix currently has over 60 million subscribers worldwide, and Hulu hit 9 million paid subscribers earlier this year. Amazon bundles its streaming video service with other items in Amazon Prime, which might have 60-80 million subscribers globally according to analysts at RBC Capital Markets.
Republic of Congo to overcome oil dependance through ambitious diversification plan Despite its challenges, the country's banking sector is ready to support a more diverse Congoloese economy and fascilitate private sector involvement, according to the Minister of Economy and Finance Gilbert Ondongo What do you think about the current situation in the country? The Congolese economy is generally doingwell. What is remarkable and encouraging in the current economic development is the dynamism of all the non-oilrelatedactivities. Since 2010, they have had an average annual growthof 8.5%. It isa great sign of the forward progress of the diversification process promoted by the government.
Africa's future growth: Role of Asia Weaker global outlook and the impact of Brexit have created uncertainty around growth prospects. The impact weighs heavy on world economic outlook with the International Monetary Fund (IMF) predicting advanced economies will grow by only 0.2 per cent from 1.9 per cent to 2.1 per cent and hold steady in 2017. Against this backdrop of lethargic economic performance, some developing economies still show strong growth potential. WACS commissions submarine optical fiber cable General News of Saturday, 25 July 2015 Source: APA 2015-07-25en The landing station of the submarine fiber optic device by West Africa Cable System (WACS), touted to offer "exceptional quality internet connection to Cameroonians," has just been inaugurated in Limbe (South-West), according to some official sources to APA.
African Cuisine: The Changing Fortunes of The African Food Label By Ajong Mbapndah L* Meskerem Restaurant on 18th St ,NW Washington serves only ethnic Ethiopian food to a customer base which is 90 percent American. Photo by Ajong Mbapndah L Visitors are greeted with flashy smiles from neatly dressed enthusiastic waiters, and the relaxing music is in sharp contrast to the crazy traffic and challenges getting a parking spot on the busy streets outside. The crowd is predominantly American but the spot is Meskerem, a chic restaurant that serves purely ethnicEthiopian food.
India’s investment in Africa: Feeding up an ambitious elephant Economic relations between India and the African continent have increased tremendously since the turn of the century. This article provides a snapshot of Indian investment in Africa. One of the key features of India's foreign policy in the post-cold war era is New Delhi's ambition to emerge as an important global player. This role, India intends to achieve it primarily by building a strong economy. Caller Identification: government on the offensive Business News of Wednesday, 5 August 2015 Source: CRTV 2015-08-05en The government of Cameroon is on the offensive to ensure that telephone users in Cameroon are duly identified as part of strategies to fight Boko Haram.