Egypt seeks $1bln loan from China
Egypt’s central bank is expected to borrow one billion dollars in a concessional loan from China to help shore up its foreign reserves. The loan […]
China
Boko Haram: U.S. warns citizens to avoid travel to Cameroon
The U.S. State Department has issued a warning to its citizens about the risk of travelling to the North regions of Cameroon. “U.S. citizens should […]
China and Mali enter $1.5 bn railway rehabilitation agreement
A Chinese state-owned rail company has signed a $1.486 billion contract with Malian government to renovate the west-African nation’s railway network linking the Capital city […]
Zimbabwe: China to cancel $40 mln debt – Official
Zimbabwe Finance Minister on Monday said China will cancel about $40 million of Zimbabwe’s debt due to the improvement of bilateral relations between the two […]
Angola & China state-run oil companies agree 10-year oil deal
China’s state-owned oil company, Sinochem Group said on Wednesday it had signed a deal with Angolan state-owned producer Sonangol to buy crude oil for more […]
Zimbabwe: Ruling party endorses Mugabe for 2018 polls
Zimbabwe’s ruling party ZANU PF on Saturday endorsed the veteran leader, 90-year-old Robert Mugabe, as the party leader and candidate for 2018 presidential polls. Over […]
King Mohammed VI Renews Commitment to Enhancing China-Africa Ties
King Mohammed VI has affirmed that the development of the Chinese-African relations is a “strategic choice” to which Morocco is deeply committed. In his speech […]
China pledges $60 billion development fund for Africa
Chinese President Xi Jinping, addressing African leaders in Johannesburg on Friday unveils a $60 billion fund to promote cooperation and support development efforts in Africa. […]
China to revamp S. Africa flagging economy
China has signed 26 agreements worth R94 billion ($6.5 billion) with South Africa to support the country’s flagging economy, as President Xi Jinping met with […]
IMF downgrades Sub-Sahara’s growth forecast to 3.75% for 2015
In its latest African Economic Outlook released on Tuesday under the title “Dealing with the Gathering Clouds,” the International Monetary Fund (IMF) said that sub-Saharan […]