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Commonwealth News

Africa’s Free-Trade Area to Get $7 Billion in Support From AfDB

Africa’s Free-Trade Area to Get $7 Billion in Support From AfDB

African Development Bank (AfDB) to support trade valued at $7 billion over the next five years in a bid to spur the growth of the African Continental Free Trade Area (AfCFTA) that went into effect on Jan. 1. AfDB will be targeting small and medium-sized companies,...

Moderna to build vaccine-manufacturing plant in Africa

Moderna to build vaccine-manufacturing plant in Africa

Moderna plans to spend about $500 million to build a state-of-the-art mRNA facility in Africa. At present, only about 4.5% of Africans had been fully vaccinated against COVID-19, according to the continent's top public health official. The proposed site is likely to...

SPBD (Tonga) launches white goods financing program

SPBD (Tonga) launches white goods financing program

The South Pacific Business Development (SPBD Tonga) Microfinance empowers its members to start, grow and maintain micro-businesses with its loan program - White Goods Financing (WGF) in partnership with Durga Lakshmi Manufacturing Ltd (DLM), one of the largest white...

Nigeria exploring business opportunities with Jamaica

Nigeria exploring business opportunities with Jamaica

At a virtual Service Excellence Conference, Nigeria's High Commissioner, Dr Maureen Tamuno says that Nigeria is exploring opportunities for trade and business with Jamaica. The High Commissioner further added that formalising a new air-service agreement would be a...