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 […]
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 […]
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 […]
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 […]
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,” […]
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. […]
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 […]
