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CHINESE FIRM SIGN DEAL WITH RWANDA LOCAL PARTNER FOR TEXTILE IMPORTATION

Posted on May 9, 2019 by Gambeta News

China’s Biggest Textile Company signed deal with Rwanda Local Partner AMG Jiangyin BaoRui Textile Ltd which is one of China biggest textile company has sign a contract with Apparel Manufacturing Group (AMG). The deal is to produce fabrics as well as other product that will be use in Rwanda. The new partnership will see #AMG representing the Chinese textile Giant in Rwanda & they will start producing fabrics as well as other finished products like…

CHINA TO PARTNER ZIMBABWE FOR CULTURAL CENTRE DEVELOPMENT

Posted on May 2, 2019May 2, 2019 by Gambeta News

China is keen on partnering with Zimbabwe to construct a cultural centre in Harare China is making plans to construct a cultural centre in Zimbabwe. The centre will house the two countries diverse cultures under the Belt and Road Initiative (BRI). The statement was announced during the five-day Belt and Road Afro-Sino Cultural Exchange exhibition at the National Art Gallery of Zimbabwe (NGZ) in Harare. Chinese Ambassador to Zimbabwe Guo Shaochun said ”We aim to…

ETHIOPIA SIGNS BILLION DOLLAR ENERGY INVESTMENT

Posted on April 29, 2019 by Gambeta News

Ethiopia’s indebtedness to China grows following energy investment Following a meeting with State Grid Corporation of China, PM Abiy Ahmed oversaw the signing of a US$1.8 billion investment agreement which covers provision of electric power transmission and distribution lines. The project will supply power for up to 16 industrial parks; the Addis Ababa to Djibouti 2nd railway line and for different cities in the country. This agreement will facilitate not only uninterrupted power supply but…

CHINA FUNDS KENYA’S DATA CENTRE AND HIGHWAY WITH US$666m

Posted on April 29, 2019April 29, 2019 by Gambeta News

Kenya’s data centre and highway gets US$666m China funding. A data centre and highway in Kenya have received 67.5 billion shillings (US$666 million) as funding from China. The funds were issued at Beijing where Kenya’s President Uhuru Kenyatta attended the second Belt and Road Forum. President Uhuru Kenyatta today witnessed the signing of two project delivery agreements totalling to Sh 67.5 billion through concessional financing and Public Private Partnership (PPP).#KenyaChinaRelations pic.twitter.com/jbHT9WsMF4 — State House Kenya…

CHINA TO INVEST IN BEAUTIFYING SHEGER PROJECT

Posted on April 29, 2019May 2, 2019 by Gambeta News

China Railway Construction Company will Partner with Ethiopia in upcoming projects During the Belt and Road forum in Beijing, Ethiopia’s prime minister and leadership of China Railway Construction Corporation (CRCC) held a crucial meeting. CRCC is a huge construction partner in the country. Previously, they were involved in the construction of the Ethiopia-Djibouti railway project, which has given the land-lock nation access to the ocean. The meeting was a perfect opportunity for both parties to…

ETHIOPIA SECURES HUGE INVESTMENT DEALS

Posted on April 28, 2019April 29, 2019 by Gambeta News

Second Belts and Roads Forum was a great opportunity for Ethiopia to secure huge investment deals. Prime Minister, Abiy Ahmed and his delegation were in Beijing attending the Second Belts and Roads Forum for International Cooperation. In fact, the Forum is a brain child by China. It is seeking to foster international collaboration for peaceful development and economic cooperation. Apparently, China is currently Ethiopia’s largest trading partner and a key source of Foreign Direct Investment….

KENYA SEEKS ANOTHER LOAN FROM CHINA FOR RAILWAY PROJECT

Posted on March 20, 2019 by Gambeta News

Kenya seeks for another funds to complete stage three of the standard gauge railway. Kenya is seeking for fund from China to complete the third phase of the standard gauge railway. The negotiating is a loan worth Sh 370 billion that will ensure passengers, goods and equipment are secure during their journey from Mombasa to Malaba in Busia County. Kenya Railways Acting Director Philip Mahinga said “We all know that the first phase of SGR from Mombasa to Nairobi cost Sh…

CHINESE GOVERNMENT BUILDS 1029 BOREHOLES IN GHANA

Posted on February 4, 2019February 4, 2019 by Gambeta News

China constructs 1029 boreholes in Ghana China have built 1029 boreholes in Ghana to help solve its water problem. The drilled boreholes constructed in 10 region across Ghana is to enable increased access to portable drinking water. The project is under the china-aided borehole project that will help rural community achieve the SDGs goal six. The 1029 boreholes in Ghana are worth about US$20m and includes a hand-pump borehole and submersible pumps. It supplies more than…

THE NEW BOLE INTERNATIONAL AIRPORT BECOMES BIGGEST AIRPORT IN AFRICA

Posted on January 28, 2019January 28, 2019 by Gambeta News

Addis Ababa Bole International Airport expansion has made it the biggest airport in Africa. On 27th January, 2019, the Ethiopian Prime Minister Abiy Ahmed commissioned the newly enlarged Addis Ababa Bole International Airport terminal; which have now become Africa’s gateway to the World and also the biggest airport in Africa. PM Abiy inaugurated the Bole Int’l Airport Expansion work built at a total of $363mil. PM Abiy noted @flyethiopian is the pride of Ethiopia embodying…

CHINA ASSURES SUPPORT FOR KENYA’s TERRORISM FIGHT

Posted on January 24, 2019January 24, 2019 by Gambeta News

China assures Kenya support to fight terrorism Wang, Beijing’s top diplomat and also a member of the 19th Communist Party of China (CPC) central committee, said “China firmly opposes all forms of terrorism and will continue to offer unwavering support to Kenya’s efforts to fight against terrorism and maintain national security”. After the attack that occurred on 15th January, 2019 the Chinese Embassy in Nairobi; issued a statement addressed to Foreign Affairs cabinet Secretary Monica Juma condemning…

UGANDA RURAL ELECTRIFICATION PROGRAMME GETS US$212m

Posted on October 26, 2018October 26, 2018 by Gambeta News

Uganda gets US$212 million from Chinese government for Rural Electrification Programme. The Chinese government have given a US$212 million loan to Uganda to help support its rural electrification programme. Uganda plans to increase its rural electrification access rate to 51 per cent by 2030. Under the rural electrification programme it also expects to reach 100 per cent by 2040. The signing of this loan is an example of China-Uganda Economic Cooperation. In Africa, Uganda is…

AFRICA FINANCE CORPORATION SECURES US$300m FROM EXPORT-IMPORT BANK OF CHINA

Posted on October 12, 2018October 12, 2018 by Gambeta News

AFC acquires US$300m loan facility from CEXIM Leading infrastructure development finance institution in Africa, Africa Finance Corporation (AFC) successfully acquired a US$300 million loan from Export-Import Bank of China (CEXIM). Making up the loan is a US$200 million 5-year loan and also a US$100 million 5-year stand-by facility. The loan facility is for general corporate purposes. The CEXIM loan facility is AFC’s first financing facility from the Chinese government. The Africa Finance Corporation is currently focusing…

KENYA ASK CHINA TO PAY HALF COST OF SGR EXTENSION

Posted on September 6, 2018September 6, 2018 by Gambeta News

Kenya seeking for China to split the cost into a loan and grant for the SGR extension. Kenya are seeking fund from China for the extension of its Standard Gauge Railway (SGR) to Kisumu. The nation is asking for China to foot half of the bill for the extension of the project. During a bilateral meeting with China’s Xi Jinping, President Uhuru Kenyatta ask for the cost to be split into a loan and a grant. This will help …

CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

Posted on September 4, 2018 by Gambeta News

China to support African development with US$60 billion China president Xi Jinping yesterday said the Chinese government will be financing Africa with US$60 billion. He added that Chinese companies will also invest at least US$10 billion over the next three years. He made this statement at the opening ceremony of the African leaders summit in Beijing. Mr. Jinping said the fund will support developments that Africans can see and touch. The developments/projects will also be green and…

ALGERIA AND CHINA TO SIGN AN AGREEMENT FOR NEW SILK ROAD

Posted on August 27, 2018 by Gambeta News

China set to sign and agreement with Algeria for the new silk road. Algeria and China are set to sign an agreement as part of the new silk road. The agreement will be sign in Beijing according to Chinese Ambassador to Algiers. It will also help to explore new ways for both nations to grow their economy. The new strategy, can also provide Algeria with many favorable and advantageous conditions. Meanwhile, the aim is to explore new opportunities for…

EGYPT PARTNER WITH CHINA TO BUILD NEW ADMINISTRATIVE CAPITAL

Posted on July 12, 2018 by Gambeta News

Egypt and china agree deal for the construction of a new administrative capital in Egypt. Egypt and China has struck a deal to join forces for the construction of a new administrative capital. The capital will be use as one of the solutions to the chronic congestion of Cairo. The chronic congestion has a demographic burden of more than 20 million inhabitants. According to report, the project will offer thousands of jobs and stimulate the sluggish…

CHINA INCREASES FLIGHT TIMES FROM NAIROBI TO GUANGZHOU.

Posted on May 31, 2018 by Gambeta News

China Southern Airlines increases flight times between Nairobi and Guangzhou to promote business and tourism between both countries Travel times between Nairobi to Guangzhou flights has been increased by China Southern Airlines. Hence, the reason for the increase is to tap into the business and tourism travel between the two countries. The airline will operate Monday, Tuesday and Friday flights using an Airbus A330-200 aircraft that has a 218-passenger capacity. China Southern Airlines previously only flew into…

THE RISKS IN NIGERIA-CHINA US$2.5bn CURRENCY SWAP DEAL

Posted on May 14, 2018May 14, 2018 by Gambeta News

Nigeria needs to increase exports to fully benefit from the US$2.5bn bilateral currency swap deal with China. The Central Bank of Nigeria (CBN), recently signed a bilateral currency swap deal with the People’s Bank of China (PBoC) worth about US$2.5 billion. In local currencies, the swap is worth about 15 billion Renminbi (RMB) or N720 billion. The deal’s aim is to reduce the demand for U.S. Dollar by Nigerians importing from China, and consequently strengthen…

GHANA GOVERNMENT PLANS TO CONSTRUCT US$60M COCOA PROCESSING PLANT

Posted on May 14, 2018 by Gambeta News

Chinese Government set to assist Ghana in constructing a cocoa processing plant in the country. Ghana government has agree a deal with china to construct a cocoa plant. The plant which will cost US$60m will have the capacity to process over 45000 tonnes of cocoa. This process will help boost Ghana’s cocoa sector, improve value addition and cocoa consumption locally. It will be build in the Sefwi Wiawso of the nation. Chief Executive of COCOBOD Mr. Joseph Boahen…

TRANSPORTATION UNIVERSITY TO BE CONSTRUCTED IN TANZANIA

Posted on February 26, 2018 by Gambeta News

China to construct a transportation university in tanzania that will help improve the transport sector in the country. The construction of the university is a join partnership between china and tanzania. The university construction will help strengthen the relationship between both nation. Apart from the relationship, the university will help the National Institute of Transport (NIT) to grow the transport sector. The institution which was established to training wing of the then National Transport Corporation (NTC). The…

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