Japan has upped the competition with China in aiding East Africa’s development after signing a US$275 million loan to fund Kenya’s second phase of the Mombasa port expansion, reports our Chinese-language sister paper Want Daily. The US$275 million loan is part of a US$546 million contract aiming to move along the 2020 projected completion date […]
Africa
West Africa: EU Approves 6.5 Billion Euros for Trade in West Africa, Liberia Inclusive
The European Union Delegation to Liberia has announced the decision of the European Council to provide at least 6.5 billion euros for the Economic Partnership Agreement Development Program (PAPED) for West Africa during the period 2015 – 2020. All Africa
South Africa Eases Restrictions on Companies Investing in Africa
South Africa’s government said it will relax restrictions on companies doing business in the rest of Africa to encourage trade and investment with a region that’s expected to grow more than 6 percent this year. Bloomberg
Japan, with one eye on China, asks what it can do for Africa
AFTER a recent controversial visit to Tokyo’s Yasukuni shrine — which commemorates Japan’s war dead and so houses the remains of war criminals from the Second World War — the “Samurai”, Japanese Prime Minister Shinzo Abe, confronted the “Chinese Dragon” head-on in Africa. Business Day