Ghana and South Africa have signed Memoranda of Understanding (MoUs) to co-operate on air services, transportation, electricity and energy developments
Economy
Kenya and Kuwait sign agreement to avoid double-taxation
Kuwaits foreign minister Sheikh Sabah Khaled Al-Hamad Al-Sabah, Kenyan secretary of foreign affairs Amina Mohammad and secretary of east African affairs, commerce and tourism, Phyllis Kandie signed two MoUs. (Image source: Kuwait News Agency)
The governments of Kenya and Kuwait have signed an agreement to avoid double-taxation and to protect foreign investments in the two nations
Iran aiming to triple trade with African countries by 2018
![In a meeting with some African ambassadors in Tehran, the Iranian minister for industry, trade and mining announced that a special committee has been set up to develop economic ties between Iran and Africa. (Image source: David Stanley/Flickr)](/images/iran-RDK.jpg)
In a meeting with some African ambassadors in Tehran, the Iranian minister for industry, trade and mining announced that a special committee has been set up to develop economic ties between Iran and Africa. (Image source: David Stanley/Flickr)
The Iranian minister for industry, trade and mining has announced that the country will aim to triple its trade with African countries within the next five years
AU leaders to diversify investments as push for free trade zone gains momentum
![Delegates attending a summit at the African Union headquarters in Ethiopian capital Addis Ababa. (Image source: US Department of State)](/images/50th_Anniversary_African_Union_Summit_Addis_Ababa_Ethiopia.jpg)
Delegates attending a summit at the African Union headquarters in Ethiopian capital Addis Ababa. (Image source: US Department of State)
With nearly one-third of economies across sub-Sahara Africa growing at a rate of more than six per cent this year, African Union leaders have been pushing to diversify investments in pursuit of a continent-wide free trade zone by 2017
Sub-Saharan Africa set to grow at 5.3 per cent in 2014, says World Bank
Sub-Saharan Africa’s economic growth may increase to 5.3 per cent next year, with steady private and public investment underpinning the region’s robust performance, according to a World Bank report