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How many ‘Chinese’ businesses are in Africa?
McKinsey report data on Africa challenged by China-Africa experts Where China’s engagement with Africa is concerned, there’s a persistent view among Western analysts that numbers tell the story. But what if the numbers don’t? Global consulting firm McKinsey & Co. published a report in June 2017 called ‘Dance of the Lions and Dragons.’ The analysis was billed […]
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Chinese investor dangles $1 billion for Ziscosteel revival
CHINESE investor, Zhang Li, who is president of R&FA is in Zimbabwe to finalise the implementation of a $1 billion resuscitation of the Zimbabwe Iron and Steel Company (Ziscosteel), Southern Eye has learnt. “He is in the country (Zhang left Zimbabwe on Tuesday) and as soon as an agreement is reached, the project should be […]
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China's Medical Aid in Africa
China is doing more than building roads in Africa. It’s also curing patients. A Pew Research Center study found that China’s favorability is rising with other nations. One way China achieves this in Africa is through public medical aid. Chinese medical support in Africa dates back half a century — in 1963, China sent 100 healthcare workersto assist Algeria […]
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Fastest trains in Africa from China
Nigeria's railway system is set for a turn around as 10 trains ordered by Nigerian Railway Corporation (NRC) in May this year have reportedly rolled off the production line of China Railway Rolling Stock Corporation (CRRC) Nanjing Puzhen Co., Ltd., on September 12. The trains are said to have adopted Chinese standards, and will be […]
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Nigeria announces $5.8 billion deal for record-breaking power project
The government of Nigeria has announced the award of a $5.8 billion contract to build what will be the largest power plant in the country. The 3,050-megawatt Mambila hydroelectric power project in the state of Taraba will be delivered by a consortium of Chinese state-owned construction firms. The megaproject will feature four dams between 50 and 150 […]
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Gates foundation to spend over $300 million in Tanzania in 2017
Bill Gates has told Reuters his foundation plans to spend more than $300 million in Tanzania this year on public health and poverty reduction programs. In an interview, the billionaire said aid was now being spent "in a smarter way" in some parts of the world. "Some countries have made good progress in the reduction […]
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Earth Overshoot Day
The 2nd August marked the Earth Overshoot Day - the day by which the human race will have used more of Earth's natural resources than the planet can renew in the whole year. Put simply, we use more ecological resources and services than nature can regenerate and this puts the Earth on an unsustainable trajectory. Through overfishing, overharvesting forests, […]
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Panda-shaped solar farm built by Chinese firm
An energy firm in China has come up with a novel way to promote the development of renewable sources of energy; by arranging a solar panel farm to resemble the image of the country's national treasure, the panda. Panda Green Energy's panda power plant in Datong, Shanxi province, northern China, hosts an estimated 1,500 acres of solar panels […]
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China is Training Africa's Next Generation of Aviation Experts
China is moving beyond building Africa’s roads, railways and ports to investing in the continent’s transportation and aviation industries as a whole. Plans to build five transportation focused universities and a China-Africa aviation school on the continent are going ahead, according to the dean of Chang’an University in Xi’an, China, speaking at a conference in South Africa […]
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Ghana signs $4b MoU with Chinese company
Government has signed a Memorandum of Understanding (MoU) with Sinohydro Corporation Limited, an energy firm, for the execution of a number of key projects across the country at an estimated cost of $4 billion. The Chinese state-owned company would, among other things, undertake projects including a multipurpose hydro at Pwalugu, a Volta Lake Transportation, an […]
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