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Calls for increased US investment in Africa |
Posted by: newsroom - 23-09-2013, 01:55 PM - Forum: Africa
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Pretoria – African Union Commission chair, Dr Nkosazana Dlamini Zuma, has called on the West to increase its investment in Africa to boost development.
Dlamini Zuma, who is currently in high-level meetings with the US Congress and Senate, has called on the West to spread out its support to Africa through efforts ranging from peace and security, promotion of opportunities for trade and investment, and sustainable development, and called on the United States (US) to agree on a framework agreement that will hopefully lead to a memorandum of understanding being signed between the two.
Dlamini Zuma’s call is anchored on the returns that have stemmed from the country’s partnership with sub-Saharan Africa – called the Africa Growth and Opportunity Act (AGOA) – which was signed into law by then US President Bill Clinton on May 18, 2000, for a period of eight years.
Clinton’s successor, former US President George Bush, later extended the programme to September 2015.
In a statement on Monday, a spokesperson for the Africa Union Commission said Dlamini-Zuma’s call was already receiving support, with Democratic Senator Christopher Coons, who is also the chairperson of the Senate Sub-Committee on African Affairs, saying: “support for Africa is one of few areas of consensus between Democrats and Republicans.â€
Currently, the US investment in Africa slated below 1% the total US investment worldwide.
AGOA exports from Sub-Saharan Africa, meanwhile, increased from US$8.15-billion in 2001 to US$34.9-billion in 2012, representing an increase of 328% in exports.
Speaking during one of her meetings, Dlamini-Zuma said a framework on which to negotiate around continued good governance in investment projects was highly recommended. “Sometimes the most effective ways of doing that is through the people. The people need to understand what is right and what is wrong. They can be the arbiters as long as they understand.†– SAnews.gov.za
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Print Annual Documents |
Posted by: newsroom - 20-09-2013, 10:30 AM - Forum: News Feed
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Financial services companies around the world are reducing costs, increasing consistency and improving operations by using ScriptX 7.1, the global standard for controlling the printing of browser-hosted content on Microsoft Windows. Customer research has found that 200 million business-critical documents, including policies, credit agreements, investment illustrations, marketing material and branch/management reports, are now printed every […]Print Annual Documents is a post from: Tech-e-View Printers
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Dti in DRC to promote trade |
Posted by: newsroom - 16-09-2013, 03:27 PM - Forum: Southern Africa
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Pretoria - Trade and Industry Deputy Minister Elizabeth Thabethe has arrived in the Democratic Republic of Congo (DRC), where she is leading a business delegation on an Investment and Trade Initiative (ITI).
“The ITI is part of the dti’s Export and Investment Promotion Strategy that focuses on targeted high growth markets with the objective of creating investment and export opportunities for South African companies and of promoting South Africa as a trade and investment destination,†said the dti on Monday.
The ITI is one of the efforts by the dti meant to promote intra-Africa trade, which is essential for unlocking continental growth and facilitate economic integration.
Thabethe is accompanied by 43 South African businesspeople to the ITI, which will be held in Kinshasa and Lubumbashi.
The programme of the ITI includes a trade investment seminar, exhibitions and business-to-business meetings.
“The exhibitions will expose our companies to export opportunities and will provide a platform to promote South African products to potential new customers and penetrate new markets†said Thabethe.
The ITI will conclude on Saturday. – SAnews.gov.za
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