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
     
     
    
      
    
    Canara Bank is keen to invest in Africas mining, agriculture and retail sectors. (Image source: Suma/Flickr)
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’s Minister for Africa, Mark Simmonds and Prime Minister of Cameroon Philemon Yang at the investment forum. (Image source: GOV.UK)
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
     
     
    
      
    
    China has offered to share advanced technology with Africa to help with development of high-speed rail. (Image source: Wikimedia Commons)
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
     
     
    
      
    
    Chinamasa said the grant would be earmarked for the construction of clinics and primary and secondary schools. (Image source: Sustainable Sanitation/Flickr)
Zimbabwe has received a US$23mn Chinese grant to finance infrastructure developments in rural areas, as well as the construction of schools and clinics