GHANA AND CHINA SIGN US$500M RAILWAY DEAL

GHANA AND CHINA SIGN US$500M RAILWAY DEAL

The Deal which is worth US$500 Million will consist of both passenger and freight Services.

The Ghana Railway Development Authority (GRDA) and China Railway Wuju Group Corporation (CRWJ) have signed a railway deal. This deal will enable both nation continue their quest of developing a new Standard Gauge Western line.

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CHINESE FIRM SIGN DEAL WITH RWANDA LOCAL PARTNER FOR TEXTILE IMPORTATION

CHINESE FIRM SIGN DEAL WITH RWANDA LOCAL PARTNER FOR TEXTILE IMPORTATION

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.

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CHINA TO PARTNER ZIMBABWE FOR CULTURAL CENTRE DEVELOPMENT

CHINA TO PARTNER ZIMBABWE FOR CULTURAL CENTRE DEVELOPMENT

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

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ETHIOPIA SIGNS BILLION DOLLAR ENERGY INVESTMENT

ETHIOPIA SIGNS BILLION DOLLAR ENERGY INVESTMENT

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;

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

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

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.

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CHINA TO INVEST IN BEAUTIFYING SHEGER PROJECT

CHINA TO INVEST IN BEAUTIFYING SHEGER PROJECT

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

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KENYA SEEKS ANOTHER LOAN FROM CHINA FOR RAILWAY PROJECT

KENYA SEEKS ANOTHER LOAN FROM CHINA FOR RAILWAY PROJECT

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 …

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CHINESE GOVERNMENT BUILDS 1029 BOREHOLES IN GHANA

CHINESE GOVERNMENT BUILDS 1029 BOREHOLES IN GHANA

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 …

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THE NEW BOLE INTERNATIONAL AIRPORT BECOMES BIGGEST AIRPORT IN AFRICA

THE NEW BOLE INTERNATIONAL AIRPORT BECOMES BIGGEST AIRPORT IN AFRICA

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.…

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CHINA ASSURES SUPPORT FOR KENYA’s TERRORISM FIGHT

CHINA ASSURES SUPPORT FOR KENYA’s TERRORISM FIGHT

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 …

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UGANDA RURAL ELECTRIFICATION PROGRAMME GETS US$212m

UGANDA RURAL ELECTRIFICATION PROGRAMME GETS US$212m

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 …

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

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

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 …

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KENYA ASK CHINA TO PAY HALF COST OF SGR EXTENSION

KENYA ASK CHINA TO PAY HALF COST OF SGR EXTENSION

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 …

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CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

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  …

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EGYPT PARTNER WITH CHINA TO BUILD NEW ADMINISTRATIVE CAPITAL

EGYPT PARTNER WITH CHINA TO BUILD NEW ADMINISTRATIVE CAPITAL

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 …

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CHINA INCREASES FLIGHT TIMES FROM NAIROBI TO GUANGZHOU.

CHINA INCREASES FLIGHT TIMES FROM NAIROBI TO GUANGZHOU.

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

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

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

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 …

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

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

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 …

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