Tag: African Development Bank (AfDB)
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The African Development Bank and the Role of China in Africa’s Call for Changes in the Global Financial Architecture
By Tim Hirschel-Burns and Oyintarelado Moses To close out a month in which the Asian Development Bank and the European Bank for Reconstruction and Development also held their annual meetings, the African Development Bank (AfDB) will hold its
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African Development Bank Suspends Chinese Contractor Due to Fraud
The African Development Bank (AfDB) banned China Henan International Corporation Group (CHICO) from working on any bank-funded projects for one year following an investigation that found "fraudulent activity." The bank determined that CHICO failed to disclose that it hired ...
Two of China’s Largest Construction Companies Face New Legal Challenges in Kenya
Two of China's largest construction companies, the China Road and Bridge Corporation and China Gezhouba Group, are facing new legal challenges from local partners and authorities in Kenya: NAIROBI WESTERN BYPASS: Kenya's Auditor General Nancy Gathungu accused the ...
Chinese Contractor Completes 105km Railway Upgrade in Namibia
China Gezhouba Group Corp (CGGC) finished a 107.5km upgrade of a rail line between the Namibian harbor Walvis Bay and the central logistics hub of Arandis on time, despite materials shortages and COVID-related delays. The upgrade doubles transport speeds on the line. The ...
Japan Pledges $30 billion in Funding at Africa Summit
Japan will extend $30 billion in funding to aid African development. This is the major outcome of the eighth Tokyo International Conference on African Development, which took place in Tunisia this weekend. Speaking virtually, Japan’s Prime Minister Fumio Kishida pledged funding across several cooperation ...
