Financial support at the heart of China plans for Zimbabwe development.
China is set to raise fund for Zimbabwe development. This funds which is worth US$2.1 billion will increase development aim as well as improve on the current exiting funds.
In 2018 alone, Zimbabwe benefited from different grant as well … Read More
Why are they going back to their old railways after their agreement and ambitious plans for East Africa’s Standard Gauge Railway network.
In August 2013 the Presidents of Kenya, Rwanda and Uganda signed a Tripartite Agreement; for the development and operation of a 1,500km-long joint Standard Gauge Rail (SGR) system; … Read More
Eximbank of China to support Rwanda private sector after meeting.
China Eximbank is making plans to extend financial support to Rwanda Private sector. Minister for Finance and Economic Planning Uzziel Ndagijimana made the statement after holding talks with the bank executives.
The meeting was part of China-Africa relations, existing challenges … Read More
RwandAir opens new route to Guangzhou with 234 passengers onboard its inaugural flight.
RwandAir has officially open its new route to China. The route which commence this morning will link kigali to Guangzhou, which is the third largest city in China. The inaugural flight will be for 15 hours to … Read More
Stanbic IBTC launches ACAP in Nigeria.
The Africa-China Agent Proposition (ACAP); is a product with the aim of changing the view African importers have about Chinese suppliers. The ACAP will provide access to financing for African importers and will also give them the authority to sight and control the entire … Read More
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.… Read More
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 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 … Read More
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; … Read More
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 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 … Read More
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 … Read More
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 … Read More
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.… Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More