Facebook announced it will cooperate with a consortium of telecom businesses to build, 2Africa, the Africa internet infrastructure. 2Africa will involve Alcatel Submarine Networks, China Mobile International, Telecom Egypt and Vodafone who make up part of the partnering companies, Anadolu reports. The project, defined as a mammoth 22,990 mile-long undersea cable around Africa, according to […]
In Nigeria, a $10 million line of credit from Renewable Energy Performance Platform (REPP) and Electrification Financing Initiative (ElectriFI) will help to boost the distribution of home solar kits. The credit line was secure by PAS Solar Limited, a British company operating in Africa’s most populous nation. With exclusive funding from the United Kingdom’s International […]
In 2010, Chinese foreign direct investment (FDI) accounted for approximately 68 billion USD, as compared to 2001, when China invested only 911 million USD overseas. The rapid increase in FDI between 2001 and 2010 was also facilitated by China’s ‘going global policy’ of 2002 that promoted competition for the share in global markets and natural […]
