African Business News

WTC Africa Initiative and Italy join hands in trade

Following a trade agreement reached between the World Trade Center Africa Initiative and Italy, business between Africa and Europe is set to receive a significant boost. The agreement will see business leaders from 12 African countries meet their Italian counterparts in on-site deal rooms next year, at the inaugural Afritalia Commerce Exchange.

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Chinese media make inroads into Africa

For years, China has been pumping billions of dollars across Africa to build large-scale infrastructure projects and grant cheap loans in exchange for access to the continent's natural resources and growing markets.

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Jindal Steel to use coal for power in Africa after CIC buy

Jindal Steel & Power Ltd will spend about $100 million over two to three years to develop a coal mine in Botswana that it is acquiring through its purchase of Canada's CIC Energy Corp, a company official said on Wednesday.

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African workforce can overtake China, India

Africa will add 122 million people to its potential labour force by 2020 and by 2035 the continent’s labour force will be larger than that of any nation, including China or India, according to a report by McKinsey Global Institute.

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