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)](/images/canara_bank_suma_flickr.jpg)
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)](/images/UK-Cameroon.jpg)
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)](/images/Africa-Speed_Train.jpg)
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
US Carlyle raises US$698 million for sub-Saharan Africa
![A survey by Deloitte and Africa Assets revealed that private equity deals in Africa were driven mainly by the energy sector. (Image source: AnkurP/Wikimedia Commons)](/images/gas_plant_ankur_p_wikimedia.jpg)
A survey by Deloitte and Africa Assets revealed that private equity deals in Africa were driven mainly by the energy sector. (Image source: AnkurP/Wikimedia Commons)
US-based investment firm Carlyle has launched a sub-Saharan Africa fund by raising US$698mn from African and international investors who seek to profit from the region’s growing economy