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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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Sanctions-hit Rusal restarts alumina refinery in Guinea

Russian aluminium producer Rusal has restarted production at its Friguia alumina refinery in Guinea on Wednesday, Reuters reported. The sanction-hit miner restarted its activities in the West African nation after a six-year hiatus, the Guinean mines minister said. Rusal, the world’s largest aluminium producer outside China has been hit by US sanctions since April. Rusal […]

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Ghana, Côte d’Ivoire to agree on cocoa export volumes from next year

Ghana and Côte d’Ivoire will jointly decide on the volume and timing of cocoa exports by August for the 2019/20 season, the head of Ghana’s Cocobod said on Wednesday. The world’s top two producers of cocoa have agreed to harmonize the forward sales of cocoa export contracts, a statement released by Ghana Cocobod and its […]

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China & South Africa boost ties ahead of BRICS Summit

China and South Africa have agreed to further strengthen their bilateral cooperation. Chinese State Councillor and Foreign Minister Wang Yi who is in an official visit in South Africa said China-South Africa relations are presented with a historic opportunity that is inheriting the past and ushering in the future. South African President Cyril Ramaphosa said […]

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Burkina Faso re-establishes diplomatic relations with China

China and Burkina Faso have re-established diplomatic ties on Saturday, leaving the Kingdom of eSwatini as the only ally of Taiwan on the continent. About 19 countries still recognize Taiwan, most of them poor nations in Central America, the Caribbean, Pacific and Africa. Speaking to reporters in Beijing after signing an agreement to re-establish relations […]

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DRC: 49 dead following shipwreck in the Northwest

At least 49 people are feared drowned while about the same number survived after an overcrowded whaleboat sank in the River Congo, a local official told a Congolese radio station. According to Richard Mboyo Iluka, vice governor of Tshuapa Province, in northern Congo, the whaleboat had sunk late on Wednesday. The number of victims can […]

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Alleged Chinese factory pollution kills dolphin in Gambia

The operations of Chinese Golden Lead Company have led to the death of a dolphin on the shores of Gambia’s Gunjur beach, residents and activists in the West African nation said. Hundreds of youths from the coastal fishing town of Gunjur have protested against the company for polluting Gambian waters. Golden Lead, a Chinese fishmeal […]

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Ghana’s Cocoa Board seeks $1.5 billion loan from Exim Bank China

Ghana’s Cocoa Board (Cocobod) is currently in talks with Exim Bank China to secure a $1.5 billion loan to improve farms and install irrigation systems and other projects. The loan will mainly help to replant diseased and aged trees, build warehouses and cocoa roads to improve farmers’ income, and to provide irrigation in the face […]

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China inks 15 bln yuan currency swap agreement with Nigeria

China’s central bank on Thursday signed a three-year bilateral currency swap agreement with Nigeria. The agreement will allow the two nations to swap a total of $2.35 billion over the next three years. The move is aimed at facilitating bilateral trade and investment of both sides, the People’s Bank of China (PBOC) said on its […]

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