Category: Uncategorized
Chinese Battery Giant CATL Bets on the Future of Cobalt By Buying a Big Chunk of CMOC
Strong demand for electric vehicles around the world helped to triple profits at Chinese battery giant CATL, the world's largest battery maker. The company is reporting that third-quarter profits for the year will reach $1.23 billion. CATL is going to use ...
China-Africa Trade in 2021 Amounted to $254 Billion, Breaking an All-Time Record
Two-way China-Africa trade surged last year to a new record of $254 billion, an impressive $67 billion increase from the 2020 total of $187 billion, according to data released by China's customs agency on Tuesday. Last year's supply ...
For the Second Day in a Row, Liberia’s Daily Observer Editorial Board Slams Government Over Secrecy in Chinese Mining Deal
The Editorial Board at one of Liberia's largest newspapers, the Daily Observer, is keeping up the pressure on the government by demanding for the second day in a row that it release the details of a 25-year iron ore deal with the Chinese ...
Huawei North Africa CEO Says Company Remains Committed to Africa Amid the Pandemic and Pressure From U.S.
Huawei's CEO for North Africa, Terry He (photo), struck a defiant tone in a recent interview with the French newsweekly Le Point about the challenges the telecom giant is facing from the United States and its business prospects in Africa amid the ongoing pandemic:
Why Some of the Most Interesting Discussions Surrounding FOCAC Won’t be in the Conference Hall
Anticipation is growing about the upcoming Forum on China-Africa Cooperation conference that is expected to take place at the end of the month in Dakar. While we still don't know what will be on the agenda, the official meeting of ministers is only a part of the ...
Rare Bike Collectors Take Note… South Sudan’s Got a Lot of Classics on the Streets
If you love classic Chinese bikes then you'll want to spend some time on the streets of South Sudan, where bikes like the Phoenix are apparently quite popular. The Phoenix, like the once immensely popular Flying Pigeon ...
Egypt and Sinovac in Talks to Boost Vaccine Production For Africa
Egyptian Health Minister Hala al-Zayed met last week with Gao Qiang, head of R&D at Chinese vaccine maker Sinovac Biotech, to discuss how the two sides can expand production at the company's factories in Egypt in order to make more jabs available for other ...
Chinese Mining Interests Purportedly Block Congolese Government Investigators By Smashing Into Their Car
A new video surfaced today on Congolese social media where a DRC government delegation from Kinshasa claims that Chinese mining interests protected by FARDC soldiers blocked their inspection by intentionally causing a road accident. Soon after the incident, one ...
MENA Countries Are Receiving the Bulk of Chinese Vaccines in Africa
Chinese vaccine deliveries to Africa increased by 5 million doses over the past week to 50.8 million jabs, according to the latest data from Beijing-based health consultancy Bridge Consulting's Chinese Vaccine Tracker report. But the distribution of those ...
Rwandan Trade Industry Leaders Urges Businesses To Look Beyond China To Source Imports
Severe shipping disruptions brought on the COVID-19 pandemic have resulted in much higher import costs in Rwanda, especially from China, prompting one industry official to urge businesses to find alternate suppliers. The 10% increase in Chinese imported goods is brought on ...
Wang Yi Wrapped Up Africa Tour With a Quick Stopover in The Seychelles Before Heading Back to Asia
Chinese Foreign Minister Wang Yi wrapped up his annual tour to Africa on Saturday with a quick stopover in the Indian Ocean island state of Seychelles, before heading back to Asia. During his half-day visit to Victoria, Wang met with Foreign Minister Sylvestre Radegonde and later with ...
Africa’s Newest Chinese-Financed and Constructed Railway Begins Operating in Nigeria
The newest Chinese-built railway in Africa is now officially in service following a Tweet on Monday from the office of Nigerian President Muhammadu Buhari that launched the new Lagos to Ibadan line. The $1.59 billion standard gauge railway was