(3 minutes read)
· The US government is investing in e-commerce start-ups in Kenya and Uganda in an effort to make its footprint stronger in the largest continent of the world
· The China National Offshore Oil Corporation is collaborating with the French oil firm Total will drill 500 wells and build the world’s longest heated oil pipeline
· Island countries like Seychelles, Mauritius etc, who earn a sizeable part of their foreign exchange from tourism are gradually re-opening the sector
There is good news coming out of Africa these days in the midst of Covid-19. The US government is investing in e-commerce start-ups in Kenya and Uganda in an effort to make its footprint stronger in the largest continent of the world.
In the meantime, China has been accelerating their investment in Africa. The China National Offshore Oil Corporation is collaborating with the French oil firm Total will drill 500 wells and build the world’s longest heated oil pipeline. Finally, struggling airlines might try to boost their business by taking advantage of the growing markets there.
The United Airlines announced on 8 September that they are adding service to South Africa, Nigeria and Ghana. Several domestic airlines in various countries in Africa have re-started their domestic, regional and international flights. The tourism sectors in the continent are also opening up. Island countries like Seychelles, Mauritius etc, who earn a sizable part of their foreign exchange from tourism are gradually re-opening the sector. Countries like Egypt and South Africa have also drawn up plans for re-opening their tourism sector.
