User talk:ToAfrica

Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.

The Gold Report: Gold consultancy GFMS, which is now owned by Thomson Reuters, recently published its 2012 Gold Survey. GFMS predicts that before the end of 2012, the yellow metal will likely reach above its all-time nominal high of $1,920/ounce (oz) in September 2011.

Latek Plan for $1 million five years investment African market
Latek Holding has made its largest investment to date in the Kenyan market, opening an LTKHome hardware store in Nairobi, Erdoğan said, adding that the East African port of Mombasa would give them access to a market of 150 million people.

Latek Holding, which is active in the logistics, port management, food, chemical and textile sectors, is planning to invest $100 million in Africa within five years, according to the firm’s executive board director.

India and Africa trade will reach $90 billion By 2015
Sharma also announced that India will also set up an integrated textiles cluster in Africa, which is likely to attract investments of around $350 million and provide employment to 60,000 people.

India and Africa will work on increasing the bilateral trade to $90 billion by 2015 with the two sides having already achieved the earlier target of $70 billion.

“This is a significant improvement, considering the fact that a decade ago the trade was $3 billion. Given the current growth rate, we have agreed to revise the trade target to $90 billion by 2015,” Commerce Minister Anand Sharma said at the ongoing second India-Africa Business Council meet.

The India-Africa Business Council, which was co-chaired by Bharti Group chairman Sunil Bharti Mittal and Dangote Group President Alhaji Aliko, has also been launched that will suggest the way forward on enhancing economic and commercial relations between India and Africa.

The cluster is expected to be established within 2-3 years and have vertically integrated production facilities with state-of-the-art infrastructure.

Sharma and the African trade and industry ministers are on visit to New Delhi for the second meeting of the India-Africa Trade Ministers till March 21.