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. This was ahead of south Asia, with $5.84bn....
The China-led Asian Infrastructure Investment Bank will be spreading its tentacles to South America, Africa and further into the Middle East soon, as it marks the start of its third year in business, its president says. Tuesday will mark the...
High transport costs in East Africa have been cited as a serious challenge to the Rwanda’s ability to compete effectively with the rest of its much bigger neighbours. For instance, importers say it costs Rwanda on average $4,990...
Sicomines, a Chinese-Congolese copper-mining venture, received $1.163bn in loans between 2008 and 2014 to spend on infrastructure, but disbursed only $478m, according to the Carter Center, a US-based advocacy group, in a report published on November 3. Sicomines...
Zambia has awarded a Chinese firm a $1.2bn contract to expand part of a key road linking Zambia to the Democratic Republic of Congo (DRC) and southern African neighbours, President Edgar Lungu said on Friday. China Jiangxi Corporation...
Government has disclosed that China holds the largest contracts in the infrastructure sector amounting to about 83 percent. National Planning and Development Minister Lucky Mulusa says over 10 years from 2011 to 2021, Zambia is envisaged to spend...
Survivors told Addis Standard that “almost a dozen” other workers were severely burned in the deadly fire that engulfed the dormitory housing workers employed by China State Engineering Corporation (CSCEC), which is building the FIFA-standard, 60,000-seat Adey Abeba stadium in the capital,...
Sub-Saharan Africa’s most populous nation was for much of the past decade its biggest recipient of foreign direct investment. These days, it trails not just Angola, but Mozambique and Ghana too. When even China’s unfussy investors are having...
Nigeria’s cabinet signed off on the award of the contract to build Mambilla to the China Civil Engineering Construction Corporation (CCECC), Babatunde Fashola, the minister of power, works and housing, told reporters in Abuja. China’s Export-Import Bank will...
Chinese firms are fast moving from competing for construction and maintenance projects in the African energy space, to increasingly holding equity and being producers on the continent. However, the failures at Morupule B in Botswana are a warning...
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...
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....