30108
Plan to Cultivate Africa Banking Ties
Economy, Business And Markets

Plan to Cultivate Africa Banking Ties

Iran is planning to enter the African banking sector, a move intended to mitigate the risks of investment in that continent, the Trade Promotion Organization of Iran said on Tuesday.
Pointing to the high risks of investment in Africa Valiollah Afkhami Raad, the head of the organization said that Iran is seeking to join the African Development Bank and purchase shares of major banks in the black continent, Tasnim News Agency reported.
"Establishing joint councils and funds as well as increasing the number of commercial offices in the continent are part of Iran's agenda for enhancing relations with African nations," he said.
The official talked of plans to appoint four new commercial liaisons in Nigeria, Algeria, Egypt, and Tanzania. "Promoting Iranian products and creating an online business information base are Iran's other plans for assuming an active role in Africa.
"Signing MoUs to develop common standards, customs agreements and tariff reforms are other basic steps for enhancing commercial relations with the continent."
He added that visa waiver agreements could considerably help facilitate trade with Africa.  
The African Development Bank, established in 1963, currently has 54 African members as well as 27 non-African state members including from the Americas, Europe and Asia. The bank works to foster social and economic growth in the continent.

 

Short URL : https://goo.gl/SPJuUZ
  1. https://goo.gl/C9sRfn
  • https://goo.gl/jxQNNX
  • https://goo.gl/Afknl6
  • https://goo.gl/5HY9z6
  • https://goo.gl/47ocjW

You can also read ...

US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...
Non-Oil Trade With Malaysia Rises 23%
Iran traded $694.64 million worth of non-oil goods with...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
So far, 90 video games have been submitted to enroll  in the Gamistan Awards.
The second round of Tehran Game Convention is slated for July...

Trending

Googleplus