New World Bank Grant to Help Marshall Islands

The World Bank’s Board of Executive Directors approved this month grant financing for a project that is expected to help communities in the Marshall Islands – already vulnerable to recurring...

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Pakistan a hub in China's 'New Silk Road'

Pakistan is a key player in China's Belt and Road Initiative that has become known as the the "New Silk Road". China is investing billions of dollars to transform...

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China is building a new city on 4 islands in Malaysia

On four man-made Malaysian islands, Chinese developer Country Garden is building a huge new city. Called Forest City, the $100 billion metropolis will be able to accommodate 700,000 people....

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China's multi-mln-USD donations to help refugees in Somalia, Kenya

China has promised donations worth 6 million U.S. dollars to support refugee aids in Somalia and Kenya via UN agencies. China has inked agreement with the UN migration agency (IOM)...

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Solar power to rise from Chernobyl's nuclear ashes

Two Chinese firms plan to build a solar power plant in the exclusion zone around the Chernobyl nuclear reactor, which has been off limits since a devastating explosion contaminated...

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Chinese firm sells millions of mobile phones in Africa

Chinese mobile phone manufacturer Tecno Mobile sales reached 25 million devices, including 9 million smartphones in 2015, helping it to sustain the most "popular" brand status in Africa. Globally, it...

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ADB and Kina Bank Sign First Trade Finance Deal in Papua New Guinea

The Asian Development Bank (ADB) and Kina Bank Limited (Kina) have signed a trade finance agreement enabling ADB’s Trade Finance Program (TFP) to provide a credit guarantee facility that...

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