Category: Infrastructure

The Angolan government is currently deciding which of two China-linked consortiums will manage a transport link that could significantly speed up shipments of strategic minerals from the Democratic Republic of Congo. The corridor includes the Chinese-built 1,344 km Benguela rail line ...

The Chinese government is trying to make the Belt and Road Initiative greener, with a new set of guidelines for overseas projects released last week by the powerful National Development and Reform Commission. But how will these new guidelines affect Chinese infrastructure projects around the ...

Kenya's ICT minister Joe Mucheru gleefully welcomed the arrival of the 15,000-kilometer PEACE (Pakistan & East Africa Connecting Europe) undersea cable when it came ashore in the port city of Mombasa on Tuesday.  The $425 million ...

For the second year in a row, Chinese policy banks (China Exim Bank and China Development Bank) extended no new loans to governments or state-owned enterprises in Latin America and the Caribbean (LAC). This was the finding of a new study by Boston University’s Global Development Policy Center ...

When Kenya embarked on its national infrastructure development agenda back in the early 2000s, policymakers didn't have a lot of options when it came to financing. Traditional lenders weren't interested and the cost of borrowing from banks was too expensive. Enter ...

The lure of greater access to the DR Congo's vast copper and cobalt reserves is drawing more Chinese mining companies to expand their investments in the country. Mining giant Minmetals Resources on Monday announced a $600 million deal to expand copper and cobalt extraction from its Kinsevere ...

The growing excitement in the Kenyan capital about the upcoming inauguration of its new Chinese-built Nairobi Expressway is also spawning a flurry of viral rumors. On Tuesday, The Standard newspaper published a fact-check article that debunked reports that the expressway has already opened to traffic. This followed widely ...

Kenya is struggling to make payments on a $156.7 million Chinese Exim Bank loan that financed Nairobi’s Southern Bypass road. The country’s auditor general, Nancy Gathungu says Kenya now owes the Chinese state bank $31.3 million in delayed payments for the period up to 2021. Kenya’s ...

Nigeria’s total public debt stood at $94.7 billion in 2021, up from $78.9 billion the previous year. Patience Oniha, the head of the country’s Debt Management Office (DMO) briefed journalists last Thursday in Abuja. Compared to other African finance ministries, Nigeria’s DMO has championed transparency, and these briefings ...

By Yan Wang and Yinyin Xu Public assets are a vast unknown and untapped resource. Consisting of real estate and operational assets, public assets include a country’s state-owned land, transport, and utilities, as well as its liquid financial assets and state-owned ...

HMN Tech, a subsidiary of Chinese telecom giant Huawei, is almost finished with constructing the 720-kilometer undersea data cable that will link Senegal with the small island state of Cabo Verde off the coast of West Africa. The project, ...

As Kenya eagerly awaits the opening of the new Chinese-built Nairobi Expressway, concerns about workers and costs are surfacing. The Nation newspaper reported that the contractor, China Road and Bridge Corporation (CRBC), has reportedly refused to let some workers return to their hometowns since March 2020. This ...