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Chinese Companies Invested $1.79bn In Nigeria Last Year

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AFRICANGLOBE - One of Nigeria’s top sources of Foreign Direct Investment (FDI), China invested $1.79 billion in the West African country last year, according to Chinese Consul-General, Mr Liu Kan.

Uganda Moves Closer To Oil Production

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AFRICANGLOBE - With China National Offshore Oil Corporation (CNOOC), the only holder of an oil production license for the Kingfisher Discovery Area, expectations are that 2014 will likely be the year for the Ugandan government to issue more production licenses to other firms.
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