Tag: Investment
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Chinese Motorcycle Factory Opens in Angola
A new Chinese motorcycle factory has kicked off in Angola, one of several new automotive ventures in African countries. The Chinese state-owned heave vehicle company Sinotruk announced a new $20 million assembly line in Tanzania, while China's First Automotive Works (FAW) has also started producing trucks in ...
Sinotruck to Open New Assembly Plant in Tanzania
Chinese state-owned heavy vehicle manufacturer Sinotruck announced this week that it plans an assembly plant in Tanzania. Sinotruck’s investment in the plant comes to $20 million and will create 500 jobs. One additional benefit from the new plant, and others ...
The Tsingshan Nickel Crisis Couldn’t Have Come at Worse Time for Zimbabwe
News that Chinese steel and mining giant Tsingshan Holdings Group now faces a staggering $8 billion trading loss over short sales of nickel is no doubt prompting considerable anxiety among policymakers in Zimbabwe. Just this week, Tsingshan's local subsidiary in Zimbabwe, ...
South Africa’s Limpopo Province Approves $10 Billion Chinese-Finance Coal Project… But There’s Just One Very Small Problem
South Africa's Limpopo Province gave the go-ahead last week for a $10 billion industrial project that includes a 4,600-megawatt coal power plant, a coking facility, and a steel plant. The approval is critical for the development of the controversial Musina-Makhado Special Economic Zone. ...
New Research Aims to Debunk Misperceptions About Chinese Investment in Ethiopia
One of the common misperceptions about Chinese investment in Africa is there's no difference between state-owned and private companies. In many instances, they're referred to simply as "Chinese" companies without understanding that there are actually substantial differences among the various corporate actors that are now active in ...
Congo-born Chinese Siblings Raise $7.5 Million to Build Crypto-Powered Super App of Africa
The Congo-based cryptocurrency & blockchain (aka web3) start-up raised $7.5 million in seed funding. The company was founded by James Zhang and his sister, also born in the Congo, who saw the opportunity for blockchain-enabled applications in the gaming and education sectors that are becoming increasingly popular ...
If the EU Really Wants to Challenge China in Africa, It’s Going to Have to Do Better
European leaders were all smiles on Friday at the end of a two-day summit in Brussels with their African counterparts which they hope will reset strained ties. The highlight of the summit was the announcement of a hugely ambitious $170 billion ...
Ethiopia’s Ambassador to China Stops by the China Africa Development Fund HQ in Beijing
Chinese infrastructure financing in Africa may be down sharply compared to a few years ago, but it hasn't stopped altogether. That might explain why Ethiopia's envoy to China, Teshome Toga, paid a visit to the offices of the China Africa Development Fund (CADF) to discuss infrastructure investment ...
Building the Infrastructure African Residents Deserve
Over a recent holiday season, I made a trip to the western region of Sichuan province in China. It is at the eastern edge of the Tibetan Plateau and the Hengduan Mountains, with a ground elevation of 4,000-4,500 meters, slightly above Kilimanjaro’s Shira Mountains (3800 meters). That ...
The BRI Challenges Our Assumptions of How the World Fits Together
A fascinating new report emerged from the Green Financing and Development Center at Fudan University in Shanghai this week, tracking trends in China’s Belt and Road investment. The big news is that while global BRI spending (both foreign direct investment and loans) has remained stable at roughly ...
Uganda Hosts Trade and Investment Forum in Beijing
The Ugandan embassy in Beijing and the Chinese Ministry of Foreign Affairs convened a hybrid on and offline conference on Friday to discuss how to boost Chinese trade and investment in the East African country. High on the agenda were the ...
First Trucks Roll Off the Assembly Line at a New Chinese-Backed Assembly Facility in Uganda
Chinese and Ugandan officials were on hand Wednesday to watch the first truck manufactured by the Uganda Automotive Group (UAG) roll off the assembly at the Namanve Industrial Park in central Uganda. The new factory is a partnership between UAG and China's ...