A cornerstone laying ceremony was held on Tuesday in Ethiopia’s eastern city, Dire Dawa for a textile plant that will be built with an investment of 220 million U.S. dollars. Dire Dawa mayor’s office said Chinese firm Wuxi...
Chinese electric car manufacturer BYD on Saturday signed an agreement to open a factory near the Moroccan city of Tangiers to build battery-powered vehicles, officials said. BYD will become the third car manufacturer, after Renault and Peugeot of...
Rwanda Development Board (RDB) has signed a memorandum of understanding (MoU) with Huajian Group, a Chinese business and investment company specialising in shoe manufacturing. Huajian Group is owned by Zhang Huarong and it mainly specialises in production of...
With Ethiopia having the second biggest population in Africa, it is under growing pressure to tackle unemployment. The BBC’s Alastair Leithead visited the country to find out how it is tackling the problem. Hawassa Industrial Park, claimed to be...
In 1954 Arthur Lewis, a Nobel prize-winning economist, argued that development occurs as labour shifts from an unproductive “traditional” sector—activities such as subsistence farming, or petty trade—into modern, capitalist activities. Research by Margaret McMillan, of Tufts University, and Dani...
As our Chart of the Week shows, the informal economy in sub-Saharan Africa is the second-largest in the world, after Latin America and the Caribbean. From 2010 to 2014, sub-Saharan Africa’s informal economy accounted for 38 percent of...
In a recent paper—Leapfrogging Progress, The Misplaced Promise of Africa’s Mobile Revolution—Juma points out that no advanced economy got where it is today by cutting corners and sidestepping (that is, leapfrogging) industrialization. And he reminds us industrialization requires infrastructure. Juma,...
[sc_embed_player fileurl=”https://www.pri.org/node/169932/embedded”] “Many of the things that Americans buy in shopping malls are made by Chinese companies, not in China, but actually in Africa,” Irene Yuan Sun, author of the book “The Next Factory of the World,” says. She points to...
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In China, ‘Black Panther’ is a movie about America
It is against this backdrop that Black Panther opened in China this weekend. As a Chinese-American who has already seen — and fallen in love with — the film, I was anxious...
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Africa eats up lion’s share of Chinese lending
A study by Boston University academics shows that nearly one-third, or $6.8bn, of the $25.6bn that China’s state-owned development banks lent last year to energy projects worldwide went to African countries....
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