Tag: china

Tanzania doubles its FDI inflows to over $1bn in 3Q, reflecting investor confidence

November 28, 2023

Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period ... Read More

Nigeria aims to join BRICS bloc in two years in bid to boost its global economic clout

November 25, 2023

Nigeria, Africa’s largest economy, is seeking the exclusive BRICS membership to enhance its global economic influence that would also allow it to loosen its ties ... Read More

AU chief calls for ‘positive competition’ from Europe in bid to counter China’s growing clout

November 25, 2023

As African leaders converged on Germany’s capital earlier this week to attend the G20 ‘Compact for Africa’ meeting, the African Union (AU) chief called for ... Read More

China’s Citic Dicastal expands automotive investments in Morocco

November 23, 2023

China’s car parts maker Citic Dicastal opened its third factory in Morocco in Kenitra worth 180 million euros to manufacture aluminum chassis parts. The new ... Read More

Libya-China: Harbour Company to conduct study of potential investments in Libyan infrastructure projects

November 21, 2023

Beijing-based China Harbour Company, a subsidiary of China Communications Construction Company, has been tasked to conduct studies of potential investments in infrastructure projects in Libya, ... Read More

Beijing to revive Tazara railway as EU, US seek to challenge China’s dominance in key African trade corridor

November 16, 2023

China is reportedly on track to control the ailing African Tazara railway connecting Tanzania and Zambia, originally funded by Mao Zedong’s government in the 1970s, ... Read More

Guinea returns to OMVS three months after walkout

October 20, 2023

Guinea has returned to Organization pour la Mise en Valeur du Fleuve Sénégal (OMVS), a regional bloc for the development of Senegal River that including ... Read More

African leaders attend 3rd Belt and Road Forum in Beijing

October 18, 2023

Some 130 leaders from Africa and other world’s regions have gathered in China for a two-day meeting organized by the Chinese government that marks the ... Read More

Joint Zambia-Zimbabwe $5bn dam project near Victoria Falls approved by UN agency

October 18, 2023

A UN agency has given Zambia and Zimbabwe permission to build a $5 billion hydropower dam downstream from Victoria Falls, a UNESCO World Heritage Site, ... Read More

East Africa: EU Global Gateway struggles to challenge rival China’s BRI

October 12, 2023

To offer developing countries an “alternative” to China’s Belt and Road Initiative (BRI), the EU launched, in 2021, its €300 billion Global Gateway scheme but ... Read More