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Official countdown to New Suez Canal opening beginsOfficial countdown to New Suez Canal opening begins

The Suez Canal Authority announced the start of the celebrations that will culminate in the opening of the New Suez Canal on Aug 5 by Egyptian President Abdel Fattah El-Sisi. The New Suez Canal is more than just a new waterway and an astonishing …


$300 million fund to Africa for affordable housing$300 million fund to Africa for affordable housing

International Finance Corporation(IFC), a member of the World Bank Group, and Chinese multinational construction and engineering company, CITIC Construction Co., Ltd announced in Kenya's capital, Nairobi, the launch of a $300 million investment pla…


China loans Zambia $29m for infrastructurChina loans Zambia $29m for infrastructur

The China Development Bank (CDB) and the Zambia-China Economic & Trade Cooperation Zone (ZCCZ) have signed a loan of $29 million to improve infrastructure at its Lusaka Park, a senior Chinese bank official has said. The improvement of infrastr…


Chinese investments taking root in Central African nationChinese investments taking root in Central African nation

Jean Marc moved from a French timber company to Hua Jia Timber Industry Co Ltd 14 years ago. He said it was a good choice and he has since been taken good care of by his Chinese boss. "C'est bon", he said as he walked along the log piles in the fa…


When a deficit becomes a big plusWhen a deficit becomes a big plus

China can cash in on shortage of infrastructure and it has a competitive edge in infrastructure construction in Africa, so Chinese companies do not necessarily need to diversify into other sectors, says Ekwee Ethuro, the speaker of the Kenyan Sena…


Politician seeks Chinese investment for rural KenyaPolitician seeks Chinese investment for rural Kenya

Odinga is scheduled to meet potential Chinese investors in a bid to attract investment in rural Kenya. The visit follows his tour of India in January, when he met more than 20,000 traders in Hyderabad as part of a similar move to woo investors. …


Chinese railway firm inks US$5.5 bln deals in AfricaChinese railway firm inks US$5.5 bln deals in Africa

State-owned China Railway Construction Corp. has signed US$5.5 billion worth of contracts in Africa. The deals include a US$3.5 billion intercity rail line in Nigeria and a US$1.9 billion residential real estate project in Zimbabwe, the Financial …


Industrial cooperation to feature China-Africa tiesIndustrial cooperation to feature China-Africa ties

China and Africa face “historic opportunities” as the Chinese market for basic industrial materials is saturated while less-developed African countries are crying out for them, according to a foreign ministry official. Cooperation in w…


The world's hottest stock market is in ChinaThe world's hottest stock market is in China

The Shenzhen Composite has surged a whopping 45% so far -- easily making it the world's hottest market in 2015. China's benchmark Shanghai Composite has also jumped a staggering 19%. These giant market leaps are at odds with the broader Chinese ec…


Indonesia Banks On $63 Billion From ChinaIndonesia Banks On $63 Billion From China

Indonesia has its eyes on more than $60 billion in possible investment and financing from China, raising the curtain on what President Joko Widodo hopes will be a new era in economic relations with the world’s No. 2 economy. Franky Sibarani,…


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