The African Continent is re-bouncing back, winning over the years of stagnation through colonization but also of mismanagement by African themselves in the post independence period.
As from December 2015 Africa and China entered into a new arrangement of co-operation through the Forum on China–Africa Cooperation (FOCAC), an arrangement which some, particularly in the western media have branded as a new form of colonialism through China’s ‘soft power’ style.
The FOCAC arrangement has one main advantage which could be singled out, that it is an avenue for African to meet and discuss their continent’s pertinent demands outside the African Union arrangement which at times is hit by camps of retrogressive notions of non-interference.
Lucid Ventures, a Venture Capital company launched earlier this year by kulula.com founder Gidon Novick today announced its maiden investment. Lucid has acquired a 20% stake in Jamie Oliver's signature restaurant chain 'Jamie's Italian' in South Africa.
Africa stands a better chance of benefiting from China’s industrial overcapacity. This is according to Chinese investors and officials of the Investments National Reform Commission.
According to Mr. Jianjun Wang, the Director Department of Foreign Capital and Overseas Investment, National Development and Reform Commission, Peoples Republic of China, overcapacity has threatened closures of industries and hence unexpected rapid increase of unemployment which could fuel other negative developments.
Star Times one of the biggest suppliers of digital modems plans to venture into a major expansion of its services in Africa after completion of its headquarters in Nairobi Kenya.
Speaking to this reporter in her office in Beijing the company’s Vice President Ms. Quo Ziqi boasted that her company has registered major success in China and now it is the time for other consumers in partner states of Africa to enjoy the same services.
From many indications, the hundreds of diverse potential investors the Ghana Transformational Agenda: An Opportunity for Business and Investment forum attracted at the Espace event gallery Tuesday in midtown Manhattan exhibited an immense success.
Surprisingly, a large number of Ghanaians in the Diaspora who attended the forum expressed their readiness to repatriate and invest in the development of their country.
