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Development billions channelled through tax havens

Development billions channelled through tax havens

11 Nov 2014
Public institutions providing finance to businesses in developing countries are channelling billions of euros through secretive tax havens, a report published today (4 No...
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Sitharaman sees hope for trade facilitation in WTO talks

Sitharaman sees hope for trade facilitation in WTO talks

11 Nov 2014
Commerce minister makes strong case for food subsidy to poor India on Sunday exuded confidence that the current impasse over the Trade Facilitation Agreement (TFA) and f...
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Obama says momentum building on ‘historic’ trans-Pacific trade deal

Obama says momentum building on ‘historic’ trans-Pacific trade deal

11 Nov 2014
U.S. President Barack Obama said on Monday he sees momentum building for a Washington-backed free trade agreement in the Asia-Pacific, after arriving in Beijing on the fi...
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ECOWAS slammed over delay in adoption of single currency

ECOWAS slammed over delay in adoption of single currency

11 Nov 2014
Some analysts have slammed the Economic Community of West African States (ECOWAS) for its frequent postponement of the deadline for the adoption of a single currency. The new dead...
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EU says Yes to Kenya biotech food exports

EU says Yes to Kenya biotech food exports

11 Nov 2014
The European Union has rescinded its earlier statement that Kenyan farmers will find it difficult to find market in the EU if the country adopts genetically modified crops. ...
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Failed Mozambican deal hits SA firms

Failed Mozambican deal hits SA firms

10 Nov 2014
South African blue-chip companies have ended up on the wrong side of a soured R3.7-billion Mozambican port deal, including Esor Franki and law firm Bowman Gilfillan. South African...
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Kenya to sign convention that curbs tax fraud

Kenya to sign convention that curbs tax fraud

10 Nov 2014
Kenya plans to pursue individuals who use offshore companies to evade taxes and commit other economic crimes, after the government announced it will endorse an international conv...
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World Bank supports new actions to improve connectivity of Land-locked Countries

World Bank supports new actions to improve connectivity of Land-locked Countries

10 Nov 2014
Landlocked countries can improve their connectivity by strengthening cooperation with their transit neighbors and other global partners, as well as pursuing specific actions to red...
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Treasury seeks reforms to deal with weak economy, low budget spend

Treasury seeks reforms to deal with weak economy, low budget spend

10 Nov 2014
Kenya’s rebased economy will not grow as fast as initially projected, a paper tabled by Treasury Secretary Henry Rotich shows. Instead of the 5.8 per cent growth rate on w...
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Communiqué of Africa Business Initiative Response to Ebola

Communiqué of Africa Business Initiative Response to Ebola

10 Nov 2014
At an historic meeting on 8 November 2014, the African Union together with African Development Bank, the United Nations Economic Commission for Africa and leading businesses in Afr...
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Exports of poorest countries rebounded in 2013 but their trade share remains marginal

Exports of poorest countries rebounded in 2013 but their trade share remains marginal

09 Nov 2014
The exports of goods and commercial services from least developed countries (LDCs) increased by 5.2% last year but the total share of LDCs in world trade remains marginal, the LDC ...
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New global tourism initiative to ‘steer industry onto a truly sustainable path’ – UN

New global tourism initiative to ‘steer industry onto a truly sustainable path’ – UN

09 Nov 2014
Tourism is one of the largest and fastest-growing economic sectors in the world contributing 9 per cent to global GDP, accounting for one in 11 jobs worldwide and for 6 per cent of...
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IFC launches $450 million initiative to spur private sector trade and investment in Ebola-affected countries

IFC launches $450 million initiative to spur private sector trade and investment in Ebola-affected countries

09 Nov 2014
IFC, a member of the World Bank Group, on 5 November 2014 announced a package of at least $450 million in commercial financing that will enable trade, investment, and employment in...
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WTO report says restrictive trade measures continue to rise in G-20 economies

WTO report says restrictive trade measures continue to rise in G-20 economies

07 Nov 2014
Restrictive trade measures introduced by G-20 economies since 2008 continue to rise, according to the latest WTO report on recent trade developments issued on 6 November 2014. Give...
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Ministers of Central African countries are taking a decisive step toward the creation of a green economy

Ministers of Central African countries are taking a decisive step toward the creation of a green economy

07 Nov 2014
The ministers of Central African countries are taking a decisive step toward the creation of a green economy, with a focus on the timber industry The government of the DRC announc...
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China topples India as main exporter to Kenya

China topples India as main exporter to Kenya

07 Nov 2014
China has overtaken India to become Kenya’s top source of imported goods, newly released data show. The world’s most populous nation grew its exports to Kenya by 37.9 per ce...
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Africa’s transforming energy sector demands new approach from industry players

Africa’s transforming energy sector demands new approach from industry players

07 Nov 2014
The global energy industry is undergoing a seismic shift, in part driven by development of new, unconventional sources of energy, such as shale gas, tight oils, coal seam gas and o...
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Djibouti turns to its peers for advice on reaching its goals

Djibouti turns to its peers for advice on reaching its goals

07 Nov 2014
Djibouti is preparing for the future. The small country on the Horn of Africa has outlined an ambitious set of goals it hopes to achieve over the next two decades. These goals are ...
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Africa on the rise, with trade set to be worth billions to Irish exporters

Africa on the rise, with trade set to be worth billions to Irish exporters

07 Nov 2014
Trade between Africa and Ireland is expected to reach €24bn by the end of the decade, Trade and Development Minister Sean Sherlock told a conference recently. The minister said ...
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IMF supports Comesa to boost competition in regional market

IMF supports Comesa to boost competition in regional market

07 Nov 2014
The International Monetary Fund (IMF) on Monday said it will assist the 19-member Common Market for Eastern and Southern Africa (Comesa) to implement market competition guidelines....
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