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