First Independent Mena Newspaper
Mckinsey said that agriculture stands as a promising sector for Morocco in order to bridge the gap in its trade deficit with China. The US consulting firm said in a report on Chinese-African economic ties that out of the 2 billion dollars of Morocco’s agricultural exports in 2017, only 0.2% was sold to China. The […]
Nigeria’s Federal Executive Council (FEC) has approved $1 billion Chinese loan from Chinese EXIM Bank for the development of the Gurara II hydroelectric project in Kaduna State in the north of the country. The Gurara II hydroelectric dam will produce 360 MW. The Gurara River is already serving to generate 30 MW of electricity and […]
China Communication Construction Company Ltd. (CCCC), and China Road and Bridge Corporation (CRBC) will take over the construction and development of Mohammed VI Tangier Tech City that was initially set to be partly carried out by Chinese group HAITE. The related Memorandum of Understanding was signed by Tangier Tech Development Company (SATT) and the two […]
China has agreed to provide Morocco an economic and technical assistance worth over $14.5 million destined to finance public projects to be decided by the two partner countries. An agreement was signed in this regard Tuesday in Rabat by Moroccan minister of economy and finance Mohamed Benchaaboun and Chinese ambassador in Rabat LI L. Speaking […]
Chinese and South Sudanese officials last weekend emphasized their commitment to resuming and increasing production at South Sudanese oilfields and protecting the environment. The commitments were made during meetings between executives of the China National Petroleum Corporation (CNPC) and visiting Minister of Petroleum of South Sudan, Ezekiel Lol Gatkuoth. The meetings discussed issues ranging from […]
Trade import and export volumes between China and countries from Africa have grown significantly in 2018, but only 15 countries from the continent have benefited from the growth. According to Chinese customs service, most of these countries are located in sub-Saharan Africa, with the exception of Libya. These are Angola, South Africa, Congo, DRC, Zambia, […]
The government of cash-strapped South Sudan has agreed to allocate 10,000 barrels of its crude oil per day to Chinese firms to build roads in the country. Chinese companies will build two highways in exchange, the government said in a statement after a cabinet meeting in Juba last weekend. According to deputy information minister, Lily […]
Chinese President Xi Ping Thursday urged Gulf Cooperation Council members to cultivate unity and harmony as he welcomed Qatar’s ruler whose country has been embroiled in a diplomatic spat with Saudi Arabia, UAE, Bahrain and Egypt, since June 2017. President Xi, welcoming the Qatari leader Sheikh Tamim bin Hamad Al Thani at the Great Hall […]
The Rural Electrification Agency (REA) of Uganda has invited sealed bids for construction and completion of the 11kV/33kV lines and associated low voltage networks for grid intensification in the East African nation. The development comes after Parliament okayed government to borrow $200 million from the Exim Bank of China to finance the power distribution project […]
Negotiations are underway for the launch of a direct air route between Morocco and China by the end of 2019, head of Morocco’s tourism promotion office ONMT said. The new link will depart either from Morocco’s economic hub Casablanca or from Marrakech, the Kingdom’s tourism hub towards either Beijing or Shanghai, the ONMT chief said. […]