Business

Japan pushes need for sustainable African development in dig at China

Conference wraps up with nod to Tokyo’s vision for a free and open Indo-Pacific Leaders from Japan and Africa on Friday agreed on the need for infrastructure development that takes into account a country’s ability to pay off debt, a veiled reference to China’s lending practices on the continent. “We believe that quality infrastructure that

Read More

Japan supports peace, stability in Horn of Africa

With international logistics becoming more vigorous, Horn of Africa even more important hub: Japanese prime minister Japan’s prime minister on Thursday stressed Tokyo’s supportive stance for peace building in the Horn of Africa, highlighting the link between achieving peace and reaping economic fruits in the region and the neighboring regions. Prime Minister Shinzo Abe hailed

Read More

Djibouti has ‘no choice’ but China for infrastructure development

Aboubaker Omar Hadi, chairman of the Djibouti Ports and Free Zones Authority, speaks at the Tokyo International Conference on African Development on Aug. 29 in Yokohama. (Photo by Akane Okutsu) East African country hungry for other investors, says port authority head Africa’s Djibouti Ports and Free Zones Authority, operator of the strategic East African country’s

Read More

UK’s Johnson moves to suspend Parliament ahead of Brexit

FILE – In this file photo dated Wednesday, July 24, 2019, Britain’s Prime Minister Boris Johnson waves from the steps outside 10 Downing Street in London. In a letter released Wednesday Aug. 28, 2019, Prime Minister Johnson has written to fellow lawmakers explaining his decision to ask Queen Elizabeth II to suspend Parliament as part

Read More

Abe pledges to push Japanese investment in Africa but steers clear of target at TICAD

Photo/Somali Times A three-day conference on African development kicked off Wednesday in Yokohama, as Prime Minister Shinzo Abe pledged to aggressively promote private-sector investment in Africa in his opening speech but failed to set a new numerical target on funds to be funneled to the continent. Facing dozens of top African leaders at the Tokyo

Read More

Erdogan says Turkey will continue defense cooperation with Russia

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan during their meeting on the sidelines of the MAKS-2019 International Aviation and Space Salon in Zhukovsky outside Moscow, Russia, August 27, 2019. /Reuters Photo Turkish President Tayyip Erdogan said on Tuesday that Turkey wants to continue defense industry cooperation with Russia, including on warplanes, following

Read More

World Economic Forum launches Africa growth platform for entrepreneurs

The World Economic Forum on Tuesday announced the launch of a new initiative, the Africa Growth Platform, to help the continent’s community of start-up enterprises grow and compete in international markets. The platform is expected to bring together governments, investors and entrepreneurs to enhance funding prospects and create a better enabling environment for business growth.

Read More

Global markets mixed on uncertainty about US-China trade war

Photo (AP) Global shares were mixed Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. France’s CAC 40 was little changed but inching down less than 0.1% at 5,349.26 in early trading. Germany’s DAX inched down nearly 0.2% to

Read More

Trump backs Johnson, sends mixed signals on China at G7

Photo/AFP / Nicholas Kamm /UK Prime Minister Boris Johnson and US President Donald Trump were on obviously friendly terms as they sat down for a working breakfast in the French resort of Biarritz US President Donald Trump on Sunday backed British Prime Minister Boris Johnson as the “right man” for Brexit and sent mixed signals

Read More

Trump arrives in Biarritz for testing G7 summit

U.S. President Donald Trump and First Lady Melania arrive in Biarritz for the G7 summit, France August 24, 2019. REUTERS/Regis Duvignau U.S. President Donald Trump arrived in France on Saturday for what promises to be a fraught meeting of major industrialised nations, with friction over trade, climate change and Iran likely to snarl the talks.

Read More