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Author Archives: SME Lead

African Union Commission has New Chairperson

The assembly of the heads of state and the government has elected the new commission of the African Union. The election and the confirmation has been made at the 19th ordinary session of the assembly which took place between July 15th and 16th of 2012 in Addis Ababa, the capital city of Ethiopia. For the first time a women in ...

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The African Union Session Ends in Addis Ababa

The 19th ordinary session of the African Union Commission involving the heads of state and government of the African Union concluded under the theme “Boosting Intra-African Trade” in a promising note. The summit took place on 15th and 16th July 2012 at Addis Ababa, Ethiopia.In the summit the African presidents and the government representatives has exchanged their views on the ...

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Preparations underway for second Africa Trade Forum

Under the theme, “Boosting Intra-African Trade and Establishing the Continental Free Trade Area (CFTA)”, the preparation are in full swing for the 2nd edition of Africa Trade Forum (ATF), which is scheduled between September 24th and 26th, 2012 in Addis Ababa. The ATF-II is expected to review the key challenges in implementation of the agreed action plan on boosting intra ...

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South Sudan Celebrates its First Birthday

The world’s newest country, the South Sudan celebrated its first birthday on July 09th 2012. Archbishop Desmond Tutu, the winner of the Nobel Prize for peace, was the guest of honour for the occasion. In his speech the Archbishop gave a sermon calling for peace. Stop fighting and wealth will follow, he told the young nation’s leaders. Unfortunately South Sudan ...

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Egyptian President is to attend AU Commission summit

Mohammad Morsi will attend the African Union (AU) Commission summit in Ethiopia, Addis Ababa. It will be the first by an Egyptian president since an assassination attempt on former President Hosni Mubarak in 1995. Since then, Egypt would send its foreign ministers to attend the summit.

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India and Africa set trade target of $90 billion by 2015

India and Africa have decided to revise bilateral trade upwards to $90 billion in the next three years, the Commerce and Industry Minister Anand Sharma said at the second India-Africa Business Council. This is a significant improvement, considering the fact that a decade ago the trade was just $3 billion. The African Union Commission (AUC) Commissioner for Economic Affairs Maxwell ...

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A New AU Chairperson to be elected on July 16th

All eyes will be on the 19th African Union Summit on the July 16th, 2012 (Monday), which is under-way in Addis Ababa, the capital city of Ethiopia. It is speculated that either South Africa’s Home Affairs Minister Nkosazana Dlamini-Zuma or Gabonese Diplomat Jean Ping will be chosen to lead the bloc.

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South Africa and India to deepen business ties

The Indian President was recently on a state visit to South Africa for bilateral discussions. On the occasion the South African President Jacob Zuma called on Indian business to strengthen bilateral cooperation. As part of efforts to deepen relations with India, South Africa has invited Indian businessmen to invest in its massive infrastructure development program, with investment estimation amounting about ...

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CII Business Delegation to Colombia, Venezuela and Cuba

Mr. Jyotiraditya Scindia, the Minister of State for Commerce and Industry is to lead a 25 member strong CII business delegation to Colombia, Venezuela and Cuba. The delegation will have strong focus on enhancing business and investment ties with these countries. This visit is expected to give the necessary impetus to bilateral trade and investment. The multi sector profile of ...

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The african union summit begins at addis ababa with aim to boost intra-african trade

Under the theme, Boosting Intra-African Trade, the African Union Summit commenced at Addis Ababa, the capital city of Ethiopia. The prime theme of the summit is the role of women in trade in Africa, the role of women entrepreneurs and food security in Africa. This summit aims to update the participants on what is being done on the continent in ...

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