Members of African regional blocs have agreed to launch a tripartite free trade zone in the continent to increase business and investment opportunities
Finance
Tanzania signs investment deals worth US$1.7bn with China
Tanzania and China have signed five deals worth US$1.7bn to contribute towards the development of Tanzania, stated president Jakaya Kikwete
Standard Bank to use Watson technology for South Africa’s banking sector
Standard Bank of South Africa has announced its partnership with IT services provider IBM to implement the latter’s Watson technology for banking solutions in South Africa
WesBank to offer vehicle finance in Nigeria
WesBank, a division of South Africa’s FirstRand, has signed a memorandum of understanding (MoU) with the National Automotive Council (NAC) to offer vehicle finance in Nigeria
India lends fifth line of credit to Gambia for US$45mn
India’s Export Import (EXIM) Bank extended two lines of credit (LOC) worth US$45mn to the government of Gambia for expansion projects at the Banjul Port