An Ethiopian delegation led by state minister for trade and industry Teka Gebreyesus Entehabu recently visited the BEXIMCO Industrial Park in Dhaka to see large-scale vertical operations. The Bangladesh Export Import Company Limited, commonly known by its trade name BEXIMCO, also discussed its plans to set up...
The Central Bank of Nigeria (CBN) recently set up a committee to revive the country’s cotton, textile and garment industry following the earlier restriction of official foreign exchange supply to textile importers to boost domestic production. Bank governor Godwin Emefiele said the target is to revive and...
Kenya is negotiating with the World Bank for a $750 million (591.8 million pounds) loan for budgetary support, documents on the proposed funding posted on the lender’s website showed on Tuesday. The country has multiple development funding programmes, worth billions of dollars, with the global lender, but...
As Kenya works to embrace genetically-modified (GM) crops, agriculture experts and lobby groups are urging the government to explore and adopt alternative food production systems and organic farming instead. The country is expected to take a decision in the next few months on whether to lift a...
ZimTrade, Zimbabwe’s export promotion body, has urged Zimbabwean tanners to upgrade their tanning processes in order to improve the quality of the finished leather they are supplying to the industry. In the organisation’s latest report, it said the sector — which once employed as many as 5,600...
Egypt's ministry of public business sector has allocated EGP 21 billion to increase the added value in the Egyptian cotton industry, as per the advice of international consultant Warner, which prepared a comprehensive study on developing the country's cotton sector. The government is making efforts to restore...
Though Nigerian garment markets are saturated with Asian items, domestic manufacturers—now trained, informed and having embraced value chain production systems—only need encouragement and funds as mass production needs capital and many are still at the workshop level struggling to meet delivery, said a top Nigerian Export Promotion...
Foreign Minister Dr AK Abdul Momen, now visiting Johannesburg, has proposed a contract farming project in South Africa involving Bangladeshi agriculture entrepreneurs.
He proposed a meeting with the South African Minister for Agriculture, Land Reform, and Rural Development Angela Thoko Didiza at her office...
Trading and services sectors provided robust impetus to the overall credit offtake from the commercial banks in May this year, according to the Qatar Central Bank figures. Qatar’s commercial banks’ total loan portfolio expanded about 6% year-on-year to QR955.73bn in May 2019, said the figures released by...