Business Africa
Severely affected by 14 months of fighting, Libya’s economic activities have come to a standstill.
Tens of billions of dollars of industrial zones have gone up in smoke, and today banks are struggling to provide credit to SMEs and start-ups, which are struggling to recover from the current crisis.
These companies that could become a real lever for economic development, have suffered to the detriment of an oil-rich economy and privatization, experts say.
Kenya, US launch trade talks
With nearly $1.17 billion worth of trade in 2018 according to statistics, the United States and Kenya want to further strengthen their cooperation.
The two countries are currently pursuing talks for a comprehensive free trade agreement, scheduled to start at the same time as the Continental African Free Trade Area (AfCFTA) comes into force.
Kenya, which already exports many duty-free products to the U.S. market, will become Washington’s 11th African trading partner and sixth in sub-Saharan Africa.
01:03
Mozambique: former finance minister on trial in US
00:59
Sergey Lavrov holds talks with foreign ministers at U.N. Security Council
01:07
Russia and Iran to continue cooperation with new Iranian govt
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Head of UN migration agency says it has secured billions in new funding
00:50
Gabon says payment dispute with World Bank resolved
01:59
Angola’s 10th edition of banana fair comes to an end