Archive for Economy

7th Biennial U.S.A - Africa Business Summit

// August 20th, 2009 // No Comments » // Africa, Economy

The African continent continues to show potential as a leading foreign direct investment destination for American businesses, despite the economic downturn nations around the globe are currently experiencing. According to the IMF, Africa is still expected to maintain a positive growth rate of 3.4% for 2009, an impressive achievement for the continent. The continent is seeing increasingly higher levels of investment in industries such as infrastructure, financing, tourism, agribusiness, health, and energy.
What an important time for your business to explore investments in some of the world’s key emerging markets. Partnerships between U.S. and African businesses will be formed, during The Corporate Council on Africa’s (CCA) 2009 U.S.-Africa Business Summit. Businesses of all sizes, representing various industries will be in attendance, eager to find new opportunities to grow and positively impact their bottom line.
Join CCA and more than 1,500 of the private and public sector’s top leaders to find out about business and investment opportunities in Africa, the very place where some of today’s major business deals are taking place.
When: Tuesday, September 29, 2009 - Thursday, October 1, 2009
Where:
The Walter E. Washington Convention Center
801 Mount Vernon Place, NW
USA
Click the ‘Register’ button below to input your contact information to register for and receive upcoming updates on the 2009 U.S. - Africa Business Summit.

The African continent continues to show potential as a leading foreign direct investment destination for American businesses, despite the economic downturn nations around the globe are currently experiencing.

According to the IMF, Africa is still expected to maintain a positive growth rate of 3.4% for 2009, an impressive achievement for the continent. The continent is seeing increasingly higher levels of investment in industries such as infrastructure, financing, tourism, agribusiness, health, and energy.
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Indian firms invest $85m in Biofuel and Paper plant in Africa

// August 12th, 2009 // No Comments » // Africa, Economy

Addis Ababa by SPOT Satellite
Image via Wikipedia

India’s Emami Biotech will invest $80 million in Ethiopia to make bio-fuel while another Indian company, Anmol Products, has opened a $5-million paper factory, the Ethiopian government said in a press release on Monday.

“The first phase of the project has already begun at Awash Sebat Kilo some 250 km east of the capital Addis Ababa growing Jatropha, sunflower, castor, pulses and various herbs at a cost of $24-million,” the government said.

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Tourism down 30% in Zambia

// August 11th, 2009 // No Comments » // Africa, Economy

Tourism has been hit by the Global reccession in Zambia. Zambia Chronicle reports…
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