China has signed a US$2bn co-financing cooperation agreement with the African Development Bank (AfDB) Group for the African Common Growth Fund, according to the Peoples Bank of China
Economy
Indian bank opens first branch in Johannesburg
India’s Canara Bank has opened its first branch in South Africa’s Johannesburg and has plans to expand to other African countries as well
UK-Cameroon promote bilateral trade at investment forum
UK Minister for Africa and Cameroons Prime Minister set a fresh agenda for trade ties at the 2014 UK-Cameroon Trade & Investment Forum organised in London recently
China offers US$12 billion aid and technology to Africa
Chinese Premier Li Keqiang unveiled extra aid for Africa totalling at least US$12bn and offered to share advanced technology with the continent to help with development of high-speed rail
Zimbabwe receives US$23 million infrastructure grant from China
Zimbabwe has received a US$23mn Chinese grant to finance infrastructure developments in rural areas, as well as the construction of schools and clinics