Category: Business
GM Begins Exporting Chevy Onix From China To Mexico
SAIC-GM, General Motors’ main joint venture in China, announced on Sunday that it sent the first shipment of 200 Chevy Onix units manufactured at the GM Dong Yue plant to supply the local market of Mexico, Central America, and the Caribbean. (GM AUTHORITY)
Once a Leading Player in Kenya’s Mobile Phone Market, Huawei Hopes Budget Phones Will Help It Make a Comeback
Huawei's moribund mobile phone business in Kenya is showing signs of life. The company was once among the dominant mobile phone brands in Africa, including Kenya, but that business all but stopped in 2019 when Huawei was sanctioned by the United States and blocked from using Google's Android mobile ...
Zimbabwe’s President and Chinese Business Community Warn of Western Undermining
The Zimbabwean president, Emmerson Mnangagwa, and Chinese companies active in the country are both issuing dark warnings that Western governments are paying NGOs to undermine them. This comes against the background of a months-long standoff between Chinese mining and other companies, and a coalition of NGOs alleging labor and environmental abuses.
Chinese Contractors Win Guinea Stadium Bid
The contractors, China Construction Fifth Engineering Division Corp. and China Construction International, won a $298 million contract to build a new soccer stadium in Guinea. While providing stadiums acted as a diplomatic tool for China in the Global South, this seems like a commercial transaction rather than ‘stadium diplomacy.’
Kenya’s New Nairobi Expressway is Popular. Its Tolls? Not So Much
It's been a week since Kenya's Chinese-built Nairobi Expressway opened to the public. The road itself is very popular, but comments on Twitter make clear that users aren't in love with the cost of accessing the road. The road is a public-private ...
Kenyan Avocado Farmers Will Have to Jump Through One More Hoop Before Exports to China Can Begin
The Kenyan government's years-long effort to export fresh avocados to China ran into yet another obstacle this week when Chinese authorities informed Nairobi that another round of audits will be required before shipments can begin. “We have received communication from China ...
So Far, The New Chinese-Built Nairobi Expressway Isn’t Doing Much to Relieve Traffic Congestion
This is what critics of the new Nairobi Expressway feared would happen: that a select few wealthy motorists would be able to afford the tolls while everyone else is relegated to the side roads that are jammed far beyond capacity.
Motorists Respond to Nairobi Expressway Grand Opening
Kenyan social media influencers were among the lucky few that were invited to drive along the Nairobi Expressway during this weekend's public trial. Not surprisingly, the reactions were overwhelmingly positive on both YouTube and Twitter, especially since they had the roads to themselves.
Chinese and Australian Companies Battle For Control of Massive Congolese Lithium Mine
Two mining majors, one from China and the other from Australia, are fighting a pitched battle over a 15% share of the massive Manono lithium mine in the southern Democratic Republic of the Congo. While normally such a small ownership stake is ...
Chinese-Built Nairobi Expressway to Open to Cars Next Week, But First It Was Runners’ Turn to Use the New Road
Thousands of Kenyans filled the new Chinese-financed and built Nairobi Expressway on Sunday when they ran/walked along the new road as part of the Nairobi City Marathon. President Uhuru Kenyatta was on hand to start the race and told everyone that ...
Huawei Quietly Becomes a Dominant Player in Africa’s Burgeoning Mobile Money Sector
Quietly and largely out-of-sight, Chinese telecom giant Huawei is becoming one of the most important actors in Africa's mobile payment business. Many people don't realize that the popular Kenyan mobile payment service M-Pesa runs on Huawei Mobile that each year processes tens of billions of dollars in transactions ...
COVID Lockdowns Scrambling Strategic Metals Sector
Disruptions caused by COVID-19 lockdowns in China, the Ukraine war and the ongoing crisis at the South African port of Durban are roiling the strategic battery sector, used for e-vehicles. While prices are falling in the short term due to pandemic restrictions, stocks for battery companies show that in the ...