ZAMBIA has scooped the position of Commissioner for Trade and Industry at the just-ended African Union elections by a landslide victory. Zambia's candidate Albert Muchanga polled 49 votes out of 51 votes. The AU consists of 54 member states and 51 participated in the elections that were held on Monday in Addis Ababa, Ethiopia.
After leaving the pan African organisation three decades ago, Morocco is set to rejoin the African Union during its 28th African summit scheduled for January 30-31 in Addis Ababa.
Imagine half of your neighbours not having electricity, or a quarter of them not having access to running water. It might be a hypothetical thought for most people, but it is the reality for the 1.2 billion people living in Africa. The continent needs $93 billion in infrastructure spending each year according to a 2014 study of the United Nations Economic Commission for Africa and New Partnership for Africa’s Development.
The Commercial Bank of Africa (CBA), Kenya has received a $90 million financial package from the African Development Bank (AfDB). CBA is the largest privately-owned bank in Kenya, the sixth largest of the country’s 43 banks. The Tier 1 bank as ranked by the Central Bank of Kenya also has operations in Tanzania and Uganda.
HARARE (Reuters) - Zimbabwe's tax agency ZIMRA said on Thursday it failed to meet its 2016 revenue target by 4 percent, as the economy stalled and weak global commodity prices hit mineral royalties.
Companies operating in Africa increasingly worry about the unpredictable business environment where markets are volatile (#1) and political perils, such as protectionism or terrorism are on the rise.
We want to connect you to endless business possibilities
We are pleased to invite you to participate in the Pan African Chamber of Commerce and Industry (PACCI) Trade Mission to Portugal scheduled for March 06-08, 2017.
PACCI along with the Portuguese Chamber of Commerce and Industry is preparing a full agenda which includes qualified business appointment, in-depth briefing sessions and a wide range of networking events. Mission delegates will have the opportunities to visit SISAB 2017 in Lisbon, the biggest annual meeting of leading Portuguese export companies and entrepreneurs, including all the associated activities they may deal with, starting from food and beverage, wood, seeds, transports, logistics, etc. Delegates will also interact with high-level government officials and business decision makers in a variety of industry sectors.
The trade mission is in line with PACCI’s Trade Expansion Program, which foster and promotes bilateral trade opportunities between African countries and the rest of the world. Moreover, this trade mission offers significant opportunities for companies seeking to tap into Europe’s markets. We encourage African business leaders interested in business opportunities in Portugal to make plans to join us on this important mission.
The event, which takes place over 4 days in Lisbon and surrounding towns, includes
- Discussion with government and business officers
- Company visits
- Business Appointments
- SISAB PORTUGAL 2017 visits
- City Tour and transportation
- 4 nights accommodation in a 4 star hotel
Should you or a colleague wish to join us on this special occasion, please send us the completed form attached herewith.
Leaders from business and policy-making are not expecting a return to 1930s-style trade war, despite the populist backlash in parts of the world against globalization and free trade.