Wednesday, August 21, 2019 | ePaper

FBCCI keen to boost investment in African countries

  • Print
Economic Reporter  :
The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Wednesday expressed its keen interest to develop trade relations with and enhance Bangladeshi investment in the African countries.
The interest was conveyed at a meeting between the FBCCI leaders and a delegation of National Defence College (NDC) of Tanzania at the FBCCI conference centre here.
The Bangladeshi business leaders expressed their willingness to invest in new sectors, including IT-related services, alongside ready-made garment and agriculture sectors in the African countries.
The NDC delegation was led by Ambassador Peter Kallaghe. Representatives from China, Tanzania, Rwanda, Kenya, Botswana and Burundi were also present at the discussion.
FBCCI President Sheikh Fazle Fahim briefed the delegation on the overall economy, fast-track development projects, FBCCI's role as the apex trade body in the policy formation of the government and the public-private joint initiative in the development process of the country.
A PowerPoint presentation on the Introduction, Functions and the Vision 2041 of FBCCI was also made at the programme.
The NDC members wanted to know from the FBCCI leaders about Bangladesh economy, the investment scenario, investment facilities, banking sector, bank interest rate and the bilateral and regional trade.
Fahim said the country's private sector is playing a very important role in the economic advancement and the fast growing development process.
FBCCI has a great role in formation of the government's trade-related policy, he said. "As Bangladesh enjoys the duty -and -quota-free facility for its export products to the USA, Canada, Japan and the EU countries, it's very significant for the foreign investors here," he said.

More News For this Category

Nur Mohammed, EC Chairman of Jamuna Bank Limited, presiding over its 531st meeting at the banks head office in the city recently. Kanutosh Majumdar, Director and Shafiqul Alam, CEO of the bank were also present.

Nur Mohammed, EC Chairman of Jamuna Bank Limited, presiding over its 531st meeting at the banks head office in the city recently. Kanutosh Majumdar, Director and Shafiqul Alam, CEO of the bank were also present.

Professor Dr. Md. Salim Uddin, EC Chairman of Islami Bank Bangladesh Limited, addressing a seminar on

Professor Dr. Md. Salim Uddin, EC Chairman of Islami Bank Bangladesh Limited, addressing a seminar on "Combating Corruption in Bangladesh" in South Asian Federation of Accountants (SAFA) conference held in Sri Lanka recently. He attended the meeting as the Vice-President of The Institute of Chartered Accountants of Bangladesh (ICAB). Huge number of Certified Accountants from South Asian countries including Bangladesh and other experts participated in the conference.

Asian markets mostly rise on optimism for trade, stimulus

AFP, Hong Kong :Most Asian markets rose Tuesday on the back of hopes for central bank and government stimulus measures around the world, while investors were also cheered by further

Huawei expands global 5G footprint

Global Times :UK mobile operator Three launched its first 5G broadband service on Monday, using Huawei wireless gear, making it the third UK carrier to use the Chinese telecommunications giant's

Miner BHP doubles annual net profit, pays record dividend

BHP, the world's biggest miner, more than doubled its annual net profit Tuesday on the back of higher iron ore prices and a rebound from significant setbacks the previous year.The

White House mulling tax cut to avoid recession

The White House is considering cutting taxes or reversing tariffs to head off a recession, US media reported on Monday, despite President Donald Trump's insistence the economy was in rude

Md. Arfan Ali, Managing Director of Bank Asia Limited, inaugurating its Reporting Hub to ensure automated reporting of foreign trade related transactions for secured customer service at Tejgaon Link Road branch of the bank in the city on Tuesday. Mohammad Borhanuddin, Md. Sazzad Hossain, DMDs and Md. Zia Arfin, Head of International Division of the bank were also present.

Md. Arfan Ali, Managing Director of Bank Asia Limited, inaugurating its Reporting Hub to ensure automated reporting of foreign trade related transactions for secured customer service at Tejgaon Link Road branch of the bank in the city on Tuesday. Mohammad Borhanuddin, Md. Sazzad Hossain, DMDs and Md. Zia Arfin, Head of International Division of the bank were also present.

Kamal urges Korean businessmen to investment in Bangladesh

Economic Reporter :Finance Minister AHM Mustafa Kamal invited the Korean businessmen to come up with investment in Bangladesh, saying the country in now a most attractive investment destination in terms

Stocks end flat amid cautious trading

Economic Reporter :Stocks ended almost flat on Tuesday after volatile trading as investors booked some profits with cautious positioning.Market analysts said some investors preferred booking profit on stocks that saw

Country's trade gap narrowed in FY'19

Economic Reporter :The country's merchandise trade deficit with the rest of the world narrowed in the past fiscal year (FY'19), despite slight rise in imports, the central bank said on