BEACON

According to the recent National People’s Congress and the Chinese People’s Political Consultative Conference (CPPCC) sessions, China is expected to consider serious changes in its exim policy while re-balancing its economy. Though exports will continue to remain the focal point of economic growth yet it is understood to remove some import restrictions aimed at increasing [...]

In the latest data provided by the Tea Board of Kenya indicate that the country has usurped the throne of Sri Lanka for the first time as the biggest tea exporter in the world. While Kenya exported 342mn kg last year Sri Lanka could only supply 280mn kg to the world tea market during the [...]

The current mobile phone finance players and aspiring entrants are vying among one another to extract a higher share of the future market of mobile payments, the latest mode of payment among migrant workers, by joining forces with current mobile telephony providers of the Asian and African region. Several mobile payment firms are reported to [...]

The Governor of Borno state of Nigeria Ali Mudu Sheriff while attending the 3rd Nigeria – India Business & Investment Forum (NIBIF 2010) announced that his state would be providing free land and tax rebate for ten years to the Indian investors. Nigeria wooed investors with some freebies particularly to strengthen bilateral ties with India [...]

The president of South Africa (SA) Jacob Zuma and the FIFA’s secretary general Jérôme Valcke at separate occasions informed there was no security threat to the forthcoming football (soccer) World Cup (WC) to be held in SA this year in June and July months. Zuma said this at the World Economic Forum (WEF) in Davos [...]

The International Trade Centre (ITC) has launched a comprehensive, interactive trilingual online version of its Cotton Exporter’s Guide as an outreach to improve the skills and abilities of developing countries in cotton trading and marketing. The ITC’s latest press release stated the new online initiative featured an open source content management platform that will enable [...]

A sudden surge in property prices in Nairobi, the Kenyan capital, has invited the wrath of general public alleging the piracy booty from Somalia is meddling with the realty market to make them beyond the reach of common man. The recent protest has called for a thorough investigation by the government to unearth the source [...]

Rwanda has become a model to many countries of endless conflicts to perceive the significance of reconciliation and co-existence. The former US President, Bill Clinton’s proposal does not become rhetoric while he said that Israel and Palestine should learn from Rwanda’s post-genocide reconciliation model.
Though no one guarantees there would not be any flare up once [...]

The US Department of Agriculture (USDA) has announced that 91 agricultural trade promotion projects had been allocated $8.2m for the fiscal 2009 to promote overseas market access for the US food and agricultural products. The money was provided by the Central Fund of the USDA’s Emerging Markets Program (EMP), the funding which is set at [...]

The European Union has informed the East African Community (EAC) that the failure or delay in signing the Economic Partnership Agreement (EPA) would lead to taxes on the exports of the EAC-member states. In a recent release by the EU Delegation in Nairobi said that failure to finalise the EPA process could lead to putting [...]