Chinese investors to build cement factory in Mozambique- Club of Mozambique (MOZ)
The China Development Bank is to fund construction of a cement factory in Beluluane, in Mozambique’s Maputo province costing US$100 million, the director of the Centre for Investment Promotion said Monday in Maputo. Full Story.
China -Africa trade hits $91 billion in 2009- New Times (RWA)
`Most Chinese investors don`t manufacture, only import`- IPP Media (TZA)
Chinese Support for Increased Rice Production- Club of Mozambique (MOZ)
The Mozambican Ministry of Science and Technology is envisaging dramatic increases in rice yields thanks to the support of Chinese scientists. Full Story.
China’s demands keep South Africa mines booming- Xinhua (CHN)
Demand from China is one of the reasons for South Africa’s total mining production rising for a third successive month in March, according to figures released on Thursday by Statistics South Africa. Full Story.
China’s $28.5 Billion Deal in Nigeria: How Real Is It?- The Dragon’s Gift Blog (USA)
Kenyan leader, head of Chinese bank discuss funding projects- Xinhua (CHN)
Kenyan President Mwai Kibaki on Monday held discussions with visiting Governor of China Development Bank Jiang Chaoliang in Nairobi where they discussed modalities of funding various projects in the country. Full Story.
China’s bank gives $50 mln loan to Kenyan bank- Xinhua (CHN)
China Development Bank (CDB) on Monday extended a 50 million U. S. dollars loan to Kenya’s largest Equity Bank. Full Story.
Equity promises easy loans- Daily Nation (KEN)
Equity Bank is promising small and medium businesses cheap loans after partnering with the China Development Bank, in a move that is set to trigger a new wave of price wars in the banking sector. Full Story.
Kisumu Airport set for August- Daily Nation (KEN)
The Government is cutting on costs to speed up completion of Kisumu International Airport by August this year. Full Story.
US Blackmails Ghana Over Kosmos- Ghana Web (GHN)
The US Government has suspended indefinitely a financial support for capacity building of state institutions in Ghana’s energy sector as the country continues to block Kosmos Energy LLC’s decision to sell its 23.5 percent stake in the Jubilee oil field to fellow American company Exxon Mobil. Full Story.