First Independent Mena Newspaper
Qingdao Sentury Tire Company is planning to build a $297 million radial tires manufacturing plant in Morocco’s northern city of tangier. The new investment shows that Morocco continues to attract foreign investors due to its political stability, geostrategic position, skilled manpower, connectivity and proximity to European, Mideastern and African markets. The Tangier tire factory will […]
The UK’s international institute Chatham House revealed that Angola is the African country that has borrowed the most from China in the last 20 years, to the tune of over $40 billion. Experts in Luanda differ on the relevance or threats of these loans. While some consider that this practice is bad for the country […]
Morocco will ban travelers coming from China to enter its soil following the “alarming” spike in COVID-19 cases in the Asian country, the foreign ministry announced in a statement. The decision will enter into force starting January 3, 2023 and will last until further notice. The statement issued on Saturday said “all travelers arriving from […]
The West and China should seek deeper cooperation over Africa’s debt conundrum in 2023, without which many countries on the continent will face debt distress and defaults, a new research paper by Chatham House warns. The report warns that although China’s lending to Africa did not cause the current African debt distress in most cases […]
While some of the ports, bridges and other coastal projects constructed as part of Beijing’s so-called Maritime Silk Road help developing economies increase their capacity for trade, there are environmental downsides to China’s coastal infrastructure, according to a new academic study that has just been published in the journal One Earth. The study, by researchers […]
South Africa’s free press has been largely successful at resisting efforts by the Chinese government to influence its content, a recent study by the US-based think tank Freedom House has concluded. The Freedom House report, titled “Beijing’s Global Media Influence 2022,” said South Africans as a whole, including journalists, are highly skeptical of Chinese state […]
Morocco and China signed, Wednesday in Rabat, a memorandum of understanding (MoU) on the creation of a working group for the facilitation and promotion of trade between the two countries. The MoU, signed by Minister of Industry and Trade, Ryad Mezzour and China’s Ambassador to Morocco, Li Changlin, aims to simplify procedures for strengthening trade […]
Chinese company’s lithium ore export permit has been restored by Namibia’s mining authority despite an ongoing investigation into alleged corruption. In October, Namibia banned Xinfeng Investments from exporting lithium ore, which is used in the manufacture of electric batteries and related products, until the investigation by the country’s Anti-Corruption Commission (ACC) was finished. But in […]
Nigeria’s Gasoline Integrated International is planning to build a refining capacity of 100,000 liters per day and other petroleum products, for a total investment of 3 billion naira ($68 million), reports say. The project, according to Ogun State Governor Dapo Abiodun, is expected to produce 400,000 liters per day in the long run. The refinery […]
Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]