Chinese

Chinese, Saudi companies open bus assembly plant in Egypt

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A new bus assembly plant co-built by Chinese and Saudi firms has started production in New Suez City, Egypt, with the first batch of transport buses expected to roll off the assembly line soon. Speaking at a belated inauguration ceremony held in the city on Tuesday, Hamed Al Mutabagani, chairman of Saudi company ATM Misr, … Read more

140 Ghanaian students receive Chinese ambassador scholarships

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A total of 140 Ghanaian students were awarded Friday the Chinese ambassador scholarships for their excellence in Chinese study in a ceremony at the University of Cape Coast (UCC). Addressing the ceremony, Chinese Ambassador to Ghana Lu Kun voiced hope the scholarships will help Ghanaian students at all levels excel in their study of the … Read more

Kenya woos Chinese investors to drive green energy agenda

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Kenya plans to woo Chinese investors to help drive the country’s green energy agenda, a government official said. Peter Mbugua, CEO of state-owned Rural Electrification and Renewable Energy Corporation told Xinhua during a sustainable energy conference held in Naivasha. Naivasha is a resort town located 90 km northwest of the Kenyan capital Nairobi, that China … Read more

Chinese, French oil majors seal $10 billion deal for Tanzania, Uganda megaproject

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Chinese and French oil giants finally sealed a $10-billion deal Tuesday to unlock Uganda’s energy resources and build a vast regional oil pipeline, a mega-project that has incensed environmental groups. The so-called Final Investment Decision should pave the way for the export of millions of barrels of black gold that was first discovered in 2006 … Read more

Foreign loans and Nigeria’s critical assets as collateral By KADIRI ABDULRAHMAN

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In recent times the news of some African countries losing some of their critical assets, and even their sovereignty to China due to heavy indebtedness has dominated social discourse. The rumour generated widespread interest in Nigeria due to the country’s growing interest in Chinese loans. A couple of weeks ago, widespread media reports indicated that … Read more

Congo reviews $6b mining deal with Chinese investors says minister

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The government of the Democratic Republic of Congo is investigating a $6 billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader assessment of mining contracts, according to Finance Minister Nicolas Kazadi. President Felix Tshisekedi stated in May that some mining contracts might be revisited because of concerns that they aren’t benefiting Congo enough. … Read more

Sierra Leone detains Chinese national for electricity theft

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A magistrate court in Sierra Leone’s capital, Freetown has sentenced a Chinese man by name Li Shichao to prison after being found guilty of electricity theft. The court heard that Li Shichao, who owns a mechanical company in the city’s east end, illegally tapped the national grid and sold it to the public. According to … Read more

Zimbabwe signs $8.2 billion in Tourism deals with Chinese group

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There’s a whole host of developing nations hitching their wagons to China in the hopes of development opportunities, tourism included. Zimbabwe is one of many with big hopes tied to their relationship with China.

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FirstBank Chinese Business Forum: Deepening intercontinental partnerships

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As part of its strategic drive to strengthen business partnerships between Nigeria and China, First Bank of Nigeria Limited recently organised the FirstBank-Chinese Business forum.

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SNEPCo links Nigerian and Chinese suppliers in latest effort to develop Nigerian content

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PHOTO:  A cross section of participants at the Shell Nigeria Exploration and Production Company (SNEPCo) strategic sourcing development forum held in Shanghai, China in November 2017

More than 20 Nigerian and 60 Chinese suppliers met in a strategic sourcing development forum in Shanghai mid-November in the latest effort by Shell Nigeria Exploration and Production Company (SNEPCo) to boost the capacity of indigenous vendors in the oil and gas industry.

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