Categories
Africa

China says it is committed to political and economic cooperation with Nigeria | Source: Naira metrics – Daily Post

The Chinese Government has stated that it will continue its political and economic collaboration with Nigeria and also continue to support Nigeria’s leadership positions in the World Trade Organisation and the African Development Bank, to strengthen bilateral ties between the two nations. They confirmed that the framework for the N750billion initiative is being expanded by the Chinese and Nigerian central banks.

Source: Naira metricsDaily Post


MORE NEWS ABOUT AFRICA:

Africa

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Africa

China call on US to remove illegal sanctions on Zimbabwe | Source: Global Times

China stands in solidarity with Zimbabwe in a consistent call for the unconditional removal of Western sanctions. The illegitimate sanctions imposed on Zimbabwe by the US and some other Western countries have lasted for 20 years, which have gravely hobbled Zimbabwe’s capability to develop economy. China’s support to Zimbabwe on removing sanctions from the West is only part of its good relationship with Zimbabwe since the 1960s.

Source: Global Times


MORE NEWS ABOUT AFRICA:

Africa

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Africa

China Says Allegations It Causes Debt Trap for Africa Are False | Source: Bloomberg

China said it was false to claim that its lending practices have pushed African nations into debt traps, blaming a host of economic factors instead and criticizing media reports on the topic. China has come under fire for its lending practices to developing nations, particularly around the confidentiality of contracts between its state banks and debtor nations. Several African countries, including Kenya and Zambia, have struggled to repay their loans as the Covid-19 pandemic wreaked havoc on their economies.

Source: Bloomberg


MORE NEWS ABOUT AFRICA:

Africa

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Africa

China-Africa relationship at its strongest | Source: Response Source

China-Africa relationship is at its strongest, according to a new report -from China Foresight at LSE IDEAS, The London School of Economics’ foreign policy think tank- that shed light on emerging and consolidated areas of engagement between China and Africa that will likely shape the relationship in the years to come. According to the report, China is further becoming “increasingly influential” in the African space sector, more important in provision of digital infrastructure, and with a more engagement in african security and military issues.

Source: Response Source


MORE NEWS ABOUT AFRICA:

Africa

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Africa

China to strengthen cooperation with Zimbabwe | Source: Bulawayo

CHINA and Zimbabwe will continue to work together to advance bilateral cooperation despite criticism from Western detractors, with fake news to attack Chinese investments in Zimbabwe and soil the image of China and Chinese companies. China-Zimbabwe relations had grown from strength to strength, culminating in the two countries elevating their bilateral ties to a comprehensive strategic and long-term partnership of cooperation in 2018. Recently, the Chinese government has helped Zimbabwe, with more than 11 million doses of vaccines from China.

Source: Bulawayo


MORE NEWS ABOUT AFRICA:

Africa

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Africa

Chinese banks to open in Nigeria | Source: People´s Gazette

The Chinese Ambassador to Nigeria is in talks with Chinese-owned banks to establish operations in Nigeria. It would also be a point of discussion during the China-Nigeria Binational Committee meeting. The trade volume between China and Nigeria is nearly $20 billion, increasing from 2020’s $19.2 billion.

Source: People´s Gazette


MORE NEWS ABOUT AFRICA:

Africa

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Africa

China, Africa enjoy broad economic, trade cooperation prospects | Source: People´s Daily Online

Trains park on the track at the Mobolaji Johnson Railway Station of the Chinese-built Lagos-Ibadan railway in Lagos, Nigeria, on June 10, 2021.

China-Africa economic and trade cooperation remains stable with positive momentum, following steady progress in infrastructure, energy, investment, and industrial park building, among other areas. China’s direct investment in Africa has grown by an average of more than 25 percent annually since 2000, according to a report on Chinese companies’ investment in the continent.

Source: People´s Daily Online


MORE NEWS ABOUT AFRICA:

Africa

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.