NEWS
NEWS OF AFRICA
August 30, 2022
Egyptian trade mission to head to Kenya in October 2022
Chemical Industries’ Export Council – Markets & Companies – Business
By Africa in News August 30, 2022
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General view of an Egyptian Chemical (KIMA) Factory. Al-Ahram
In a statement on Tuesday, Head of the Chemical and Fertilizers Export Council Khaled Abul Makarem said around 30 companies will take part in the mission.
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He said a business meeting will be arranged for participating companies to brief them on the needs of the Kenyan market and special laws governing investment and trade in the East African country. Abul Makarem also said field visits will be organized for the companies to Kenyan markets to acquaint them with the prices of products and market needs. Also, bilateral meetings will be held between businessmen from both sides to reach consensus and mutual agreements.
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August 29, 2022
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Zambia: In his first year Hichilema stabilized the kwacha,
but corrupt officials remain untroubled
By Chiwoyu Sinyangwe
Posted on Monday, 29 August 2022 16:40
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Zambian President Hakainde Hichilema arrives for the Leaders' Retreat, on the sidelines of the Commonwealth Heads of Government Meeting at the Intare Conference centre in Kigali, Rwanda June 25, 2022. Dan Kitwood/Pool via REUTERS
The burst of optimism that ushered President Hakainde Hichilema and his United Party for National Development (UPND) into power a year ago have run into the reality of governing a highly expectant population. Although progress has been made on the economy, Hichilema is taking a different approach to unpicking the corruption of the previous regime.
On 24 August 2021, Hichilema became Zambia’s seventh president after beating then incumbent president Edgar Lungu with over one million more votes after highly dissatisfied Zambian voters ended the former ruling Patriotic Front’s 10-year reign.
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August 27, 2022
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Japan Prime Minister Pledges $30bn for African Development
Fumio Kishida says at TICAD conference that focus will be on human capital
Prime Minister Fumio Kishida wants Japan to foster quality growth on a continent where China and Russia are exerting influence. © Kyodo
August 27, 2022 19:23 JSTUpdated on August 27, 2022 20:35 JST
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TUNIS (Kyodo) -- Japanese Prime Minister Fumio Kishida on Saturday pledged $30 billion over the next three years for African development, with a focus on investing in human capital and fostering quality growth in a continent where China and Russia are exerting their influence.
In his online speech to the latest round of international conference on African development known as TICAD in Tunisia, Kishida stressed that Japan will grow together with Africa, differentiating its approach from that of China, which critics say has been burdening poor nations with huge debts related to infrastructure projects.
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Specifically, Japan will extend loans worth around $5 billion in coordination with the African Development Bank to promote sustainable African development by restoring fiscal health, the prime minister said, as the two-day conference got under way in the Tunisian capital.
"Japan aspires to be a partner growing together with Africa. We will work together with Africa to overcome challenges in the region," Kishida said in his speech.
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"Japan will promote its initiatives with approaches quintessentially Japanese, focusing on people," he said, adding that he wants to help realize a "resilient Africa that Africa itself aims to achieve."
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