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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 sold 60 million devices last year while the sale of smart phones manufactured by the company increased by 40 percent. The company also produces tablets […]
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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 can support up to $4 million of trade annually in Papua New Guinea (PNG). “We are delighted to be partnering with Kina Bank to support increased […]
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Development aid rises again in 2016
Development aid reached a new peak of USD 142.6 billion in 2016, an increase of 8.9% from 2015 after adjusting for exchange rates and inflation. A rise in aid spent on refugees in donor countries boosted the total – but even stripping out refugee costs aid rose 7.1%, according to official data collected by the […]
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New Way of Viewing the Sustainable Development Goals
A new way of viewing the economic, social and ecological aspects of the Sustainable Development Goals (SDGs) has been developed from the Stockholm Resilience Centre and it is based on one of the iconic figures of the centre, “the wedding cake”, developed by centre science director Carl Folke and others. It implies that economies and societies […]
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2016 a Record Year for Renewables
Global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016, making the strongest year ever for new capacity additions, according to data released today by the International Renewable Energy Agency (IRENA). Renewable Energy Capacity Statistics 2017, estimates that by the end of last year the world’s renewable generation capacity reached 2,006 GW, with solar […]
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China’s New “Weather-Controlling Tech”
China’s top economic planning agency has approved a 1.15 billion yuan (HK$1.3 billion) rainmaking project for the country’s dry northwestern provinces in one of the biggest government programmes to modify weather. According to the National Development and Reform Commission, a feasibility study by the China Meteorological Administration found that rainfall and snow could be increased […]
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China to build largest cement factory in East Africa
China is expected to construct the largest cement factory in East Africa to meet cement demand in the region. The cement factory will be constructed in the northeastern coastal city of Tanga in Tanzania. The projected plant is estimated to be the giant in east and central Africa. “The Chinese investors’ move is recommendable as […]
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Solar Power Energizes Women Entrepreneurs in Mali
In rural Mali, women entrepreneurs run small businesses powered by mini-grids. Electrified villages show more economic activity, which enables households and entrepreneurs to pay for the power they consume. Initially, Mali had 60 operators for about 190 mini-grids, but over time the market consolidation has meant that ACCESS is one of half-a-dozen multisite professional companies […]
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Green Climate Fund approves readiness grant for Nauru
The Green Climate Fund (GCF) has approved a readiness grant of US$339,250 for the Republic of Nauru to build the capacity of the National Designated Authority and strengthen Nauru’s engagement with the Fund. It is the first grant Nauru has received from the GCF since the full operationalisation of the Fund. The readiness proposal was […]
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Chinese-Israeli Team Work on the Tel Aviv Light Rail System
In 2015 China Railway Tunnel Group, with an Israeli partner, has won an $800-million contract to build the tunnels and underground stations in the western section of the first line of the Tel Aviv light rail system. It is the largest tender for the project’s Red Line, awarded by NTA Metropolitan Mass Transit System Ltd. […]
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