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Chinese Firm Signs $12bn Deal To Build Nigerian Railway

AFRICANGLOBE - A state-owned Chinese company has signed a $12bn agreement to build a railway along Nigeria’s coast that it billed as China’s single largest overseas contract, state media said on Thursday. China Railway Construction Corp (CRCC) signed the official construction contract with the Nigerian government on Wednesday in Abuja, the Xinhua news agency said.

China Bemoans Its People’s Horrible Behavior In Africa

AFRICANGLOBE - According to Lu Youqing, China’s ambassador to Tanzania, Chinese businesses are constantly causing problems as they fight over contracts and try to bribe local official.

Chinese Companies Invested $1.79bn In Nigeria Last Year

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.

How Africans View Chinese Business In Africa

AFRICANGLOBE - The Ethics Institute of South Africa (EthicsSA) published in February 2014 a major study titled “Africans’ Perception of Chinese Business in Africa: A Survey.” Tshwane-based EthicsSA is a non-profit, public-benefit organization that opened its doors in 2000. The survey involved an on-line questionnaire from 1,056 Africans in 15 countries that have a large presence of Chinese companies.

Uganda Govt Awards Another Dam Project to Chinese Company

AFRICANGLOBE - China's influence in Uganda is growing, with two dam contracts recently awarded to Chinese companies, offers of cheap credit and even a possible deal to buy the debts of Ugandan MPs. But some rights groups worry that it could come at the expense of the country's independence.

Chinese Premier Li Keqiang Urges Further Ethiopian Ties

AFRICANGLOBE - The Chinese government is in support of Chinese companies getting more actively involved in investment cooperation with Ethiopia in a wide range of sectors from infrastructure to manufacturing, Chinese Premier Li Keqiang said on Thursday.

Chinese Firm to Open Truck Manufacturing Plant In Nigeria

AFRICANGLOBE - A Chinese trade delegation led by the Deputy Mayor of Chang Chun City, China, Gui Guangli has expressed intent to establish a truck manufacturing plant at the Calabar Free Trade Zone (CFTZ), Nigeria.

Africa Must Get Real About China Ties

AFRICANGLOBE - Nigeria, a country with a large domestic market of more than 160m people, spends huge resources importing consumer goods from China that should be produced locally. We buy textiles, fabric, leather goods, tomato paste, starch, furniture, electronics, building materials and plastic goods. I could go on.

Africa Told to View China as Competitor

AFRICANGLOBE - Africa must shake off its romantic view of China and accept Beijing is a competitor as much as a partner and capable of the same exploitative practices as the old colonial powers, Nigeria's central bank governor has warned.

Zambia Seize Chinese-Owned Mine

AFRICANGLOBE - Zambia announced on Wednesday that it had revoked the licences for a controversial Chinese-owned coal mine in the south of the country in response to violations of safety and environmental laws and a failure to pay mineral royalties.

Chinese Companies Get Ethiopian Telecoms Contract

Ethiopia plans to give a $ 1.3 billion contract to upgrade its telecommunications infrastructure to two Chinese giants ZTE and Huawei Technologies after they...