The fifth Forum on China-Africa Cooperation (FOCAC), which was attended by six African heads of state, has concluded in Beijing, China
Finance
Free trade in Africa promises boost to intra-regional business
Africas intra-regional trade was expected to increase by US$34.6 billion in 2022 with establishment of the Continental Free Trade Area (CFTA)
Uganda denounces Oxfam land-grabbing claim
The Ugandan government has refuted reports from Oxfam International that it is working with UK-based global company New Forests Company (NFC) on land grabs for investments of commercial forest plantations
US$40 million AfDB fund supports Malawian budget
Malawi has been granted approximately US$40 million by The African Development Fund (ADF), part of the African Development Bank (AfDB), to cushion vulnerable groups from the negative impacts of recent economic reforms
China offers US$20 billion in loans to Africa
China has offered US$20 billion in loans to African countries over the next three years