First Independent Mena Newspaper
Shen Ching, a Chinese company producing cast-iron pipes and steel industry, has announced plans to invest $2 billion in Egypt’s Suez Canal Economic Zone. Head of the Chinese firm, He Kijo, made the announcement during a meeting with Prime Minister Mustafa Madbouli in Egypt. The project is set to be built on an area of […]
China is importing more food products such as avocados, cashews, sesame seeds and chili peppers from Africa, after President Xi Jinping promised to increase non-resource imports from Africa and agriculture is emerging as the new focus of Beijing’s engagement with the continent. In the first two months of this year, Shanghai ports handled more than […]
Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa. The global palm oil market size reached US$53.1bn in 2022 and looking forward, the market is expected to reach US$67.6bn by 2028, exhibiting a […]
Unidentified armed men killed Sunday nine Chinese and wounded two others in the mining town of Bambari, in civil-war hit Central African Republic (CAR). Abel Matchipata, mayor of the town located in the center of the country, told local media that the victims were working in a mining field, for Gold Coast Group. He added […]
The UN Security Council has renewed for one year the UN mission in South Sudan where close to 20,000 forces have been stationed. Thirteen out fifteen members voted Wednesday in favor of the resolution that extends the UN Mission in South Sudan (UNMISS) until 15 March 2024. China and Russia abstained. According to a UN […]
Egypt signed two agreements worth $1.6 billion with international consortiums on the establishment of the superstructure, management, operation, exploitation, maintenance, and handing over of the container terminals at Ain Sokhna and Dekheila ports, the Arab country said in a statement on Wednesday. The first project will be implemented in the port of Sokhna between the […]
A military court in the Democratic Republic of Congo, DRC, has sentenced three Chinese to death for the murder of another Chinese businessman residing in the mineral resources-rich town Kolwezi, the capital of Lualaba province. The ruling came Tuesday, Anadolu news agency reported. The court charged Wang Yon Xu, Cheng Zing Dan and Whang Hui […]
The European Union has launched an initial mobilization of €50m in Democratic Republic of Congo’s (DRC) critical minerals sector and infrastructure projects on the sidelines of the first-ever Kinshasa Economic Forum. The funding was announced at the inaugural Kinshasa Economic Forum, which brought together representatives from the EU, the DRC and France French President Emmanuel […]
In their post-Covid recovery plans, East African countries are promoting niche products, such as cruise, adventure, culture and sports tourism, in emerging tourist markets such as China, in a strategy expected to spur growth in the sector. To reduce over-reliance on traditional source markets in Europe and the United States, East African countries are shifting […]
China Natural Resources (CNR) has acquired Zimbabwe’s Williams Minerals lithium mine from Feishang Group and Top Pacific for $1.75 billion, the aim being to strengthen the Chinese company’s position in the lithium market and increase its capacity to supply the critical resource to its customers. This strategic move by CNR was motivated by the rising […]