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EU is trying to ‘hijack our institutions’ – Uganda Government spokesman

The Ugandan government has responded to the European Union Parliament, days after the continental bloc’s parliament has called on the East African nation to drop charges against legislators. Members of the European Parliament (MEPs) in a resolution released last weekend made reference to the violent turn of events during a by-election in August in Uganda. […]

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Gabon: Chinese energy firm to invest $209 million in hydropower projects

Chinese energy firm TBEA, previously known as Tebian Electric Apparatus, will invest $209 million in a hydropower project in Gabon, Reuters reported. According to Liban Soleman, general coordinator of the Gabonese Bureau of Coordination and Planning, construction will begin “pretty soon” on the project, which will have a power generation capacity of 70 megawatts in […]

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Congo seeks Beijing’s help on IMF bailout accord

President of the Republic of Congo Denis Sassou Nguesso will seek Chinese support for its negotiations with the International Monetary Fund about a bailout, a government spokesman told Bloomberg. According to Thierry Moungala, Brazzaville will solicit China’s support during the China-Africa Cooperation Forum to be held in Beijing September 3 to 4. Congo is seeking […]

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Beijing Summit to Boost Sino-African relations

The upcoming Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) will be an important opportunity to deepen Sino-African cooperation, officials said on Monday. The summit themed: “China and Africa: toward an even stronger community with a shared future through win-win cooperation”, will be convened in Beijing in Sept 3–4. African leaders, representatives of African […]

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South Africa: BRICS countries urged to reject go-it-alone trade

The 10th annual BRICS Summit has officially kicked off on Wednesday as leaders of Brazil, Russia, India, China and South Africa gathered in Johannesburg for their annual meeting. This year’s summit is themed “BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution”. According to organizers, about 1,000 delegates deliberated […]

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BRICS bank Okays $600 mln loans for South Africa, China

The BRICS Development Bank has approved loans of $300 million for energy projects in South Africa and $300 million for a transportation project in China. The BRICS group established in 2006 by five major emerging national economies – Brazil, Russia, India, China and South Africa – aims to enhance cooperation between member countries and also […]

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Rwanda inks $300 million loan deals & bilateral pacts with China, India

The Rwandan government has signed seven bilateral pacts and loan agreements worth more than $300 million with China and India to further boost existing cooperation. The Chinese loan, destined to build two roads and carry out irrigation projects, was extended during the Chinese President Xi Jinping’s visit to Rwanda Sunday and Monday. For the past […]

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Chinese President Xi Jinping seeks deeper economic ties with Senegal

Chinese President Xi Jinping arrived in Africa on Saturday for a four-nation visit during which he will be seeking deeper military and economic ties. It is the first overseas trip of Xi’s second term as president. In Senegal, the first leg of his Africa tour that will also take him to Rwanda and South Africa, […]

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Nigeria: Beijing-based Oil Company to invest $3 bln in oilfield operations

China National Offshore Oil Corp (CNOOC) has pledged to invest about $3billion in its existing oil and gas operations in Nigeria, the Nigerian National Petroleum Corporation (NNPC) stated on Sunday. Yuan Guangyu, the Chief Executive Officer of the Beijing-based Corporation, made the pledge when he led a team of CNOOC top executives on a visit […]

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Djibouti opens $3.5 billion Chinese-built free trade zone

The government of Djibouti on Thursday commissioned a $3.5 billion Chinese-built free trade zone, seeking to capitalize on its strategic position on one of the world’s busiest trade routes. Djibouti, one of Africa’s smallest countries, has become China’s “strategic partner” in recent years. Beijing has built a military base and a port in the Horn […]

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