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
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
Ghana’s president commissions US$77.26 million Twyford Ghana Ceramics Company Limited factory.
Ghana’s President Nana Akufo-Addo has commissioned a US$77.26 million Twyford Ghana Ceramics Company Limited factory, which is located in Shama District of the Western Region.
The factory which will be producing and distributing tiles at a designed production capacity … Read More
Kenya Government signs US$582m contract for construction of Thakwe multi-purpose dam.
The county governments of Makueni and Kitui in Kenya have signed a US$582m contract with China Gezhouba Group Company to construct the Thwake Multi-Purpose Dam.
Thakwe Dam which is currently the largest project of its kind in East Africa, … Read More
Bagamoyo port construction in good progress but the country miss out on ownership after falling short of the required fund as per the contract signed with China and Oman.
The Bagamoyo Port is a proposed port to be constructed in Bagamoyo, Tanzania. The port which is the largest government infrastructure … Read More
Chad have officially begun work on two energy projects which it had planned for, 44 years ago.
The Republic of Chad has began work on two(2) energy projects it believes would boost the country’s economy. The foundation of the twin plants was laid on 28th Oct 2017 by the country’s … Read More
China forgives part of Mozambique’s debt
During a ceremony in Maputo, where Mozambique’s Deputy Foreign Minister Nyeleti Mondlane and the Chinese ambassador, Su Jian, signed various economic and technical cooperation agreements, it was announced that the interest on Chinese loans that should have been paid by the end of this … Read More
Egypt’s proposed skyscraper is set to replace Carlton centre as Africa’s tallest skyscraper
Egypt is set to construct Africa tallest skyscraper as part of its new administrative capital project. The 345m-high skyscraper project which is to be constructed by China State Construction Engineering Corporation (CSCEC) is expected to cost US$ … Read More