Seeking expansion of economic ties with India, South Africa today said it is targeting to increase bilateral trade volume to USD 20 billion by 2018 from the current USD 15 billion. “The bilateral trade stands at USD 15 billion and we are targeting to reach more than USD 20 billion by 2018,” South Africa’s Minister […]
Key Facts
14 Years on, What has Uganda Got from Agoa?
When Uganda recruited more than 1,400 girls and women from rural villages and took them to the country’s capital, Kampala, in 2002, the east African state dreamed big. They were told that they would work in a textile firm, which would export clothes made in Uganda to the United States under the African Growth and […]
Recolonizing Africa: A Modern Chinese Story?
China, one of the world’s largest ’emerging’ investors, is ramping up investment in Sub Saharan Africa as it searches for natural resources, but whether the benefits are mutually beneficial is questionable. China’s economic growth has been a key narrative in the story of economic miracle over the past two decades. (Its foreign direct investment) FDI […]
OPIC Achieves $3 Billion in Commitments for 2014, Catalyzing Billions More, While Supporting American Business Growth in Developing Countries
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, today announced $3 billion in financing and insurance commitments made during fiscal year 2014. Consistent with its mission to catalyze private capital flows, OPIC anticipates that these commitments will also mobilize an additional $3.2 billion in private-sector investment into emerging markets. “OPIC’s trajectory […]
China Poised to be Largest Export Market for GCC Countries by 2020
Asian countries, China and India in particular, are poised to become the biggest trading partners of the six Arab oil states of the Gulf Co-operation Council (GCC) countries, said a report released on Tuesday by the Economist Intelligence Unit (EIU) and Dubai-based Falcon and Associates. According to the study entitled “GCC Trade and Investment Flows,” […]
Beyond Low Bid: Global Procurement Starting In 2015
Buying complex goods and services by governments in the developing world is a big business that is about to get a lot more scrutiny and is in for some serious change. The changes will cost billions and when implemented will have impacts on literally trillions of dollars in purchases of infrastructure, goods and services. U.S. […]
Five Southeast Asian Growth Economies are Emerging Export-Wise
Since China’s legendary President Deng Xiaoping led China from a wallowing third world giant into the world’s runnerup economy (right behind the U.S.), a short 35 years ago, the world of export/import trade has increasingly depended on the miraculous China growth factor. This has been especially true as China’s once negligible gross domestic product has […]