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GHANA’S PRESIDENT COMMISSIONS TWYFORD CERAMICS FACTORY

Posted on January 15, 2018January 15, 2018 by Gambeta News

Ghana’s president commissions US$77.26 million Twyford Ghana Ceramics Company Limited factory. Ghana’s President Nana Akufo-Addo has commissioned a US$77.26 million Twyford Ghana Ceramics Company Limited factory, which is located in Shama District of the Western Region. The factory which will be producing and distributing tiles at a designed production capacity of 14.4 million square metres per year with annual sales projected to be US$82.8 million, will also create some 1,846 jobs. The Production capacity of the factory would reduce Ghana’s…

CONTRACT FOR US$582m THAKWE MULTI-PURPOSE DAM HAVE BEEN SIGNED

Posted on November 22, 2017 by Gambeta News

Kenya Government signs US$582m contract for construction of Thakwe multi-purpose dam. The county governments of Makueni and Kitui in Kenya have signed a US$582m contract with China Gezhouba Group Company to construct the Thwake Multi-Purpose Dam. Thakwe Dam which is currently the largest project of its kind in East Africa, will commence in 3 months time and will provide clean water to over 1.3 million people as it will store over 150,000 cubic meters of water, some of…

TANZANIA’S BAGAMOYO PORT CONSTRUCTION IN GOOD PROGRESS

Posted on November 2, 2017 by Gambeta News

Bagamoyo port construction in good progress but the country miss out on ownership after falling short of the required fund as per the contract signed with China and Oman. The Bagamoyo Port is a proposed port to be constructed in Bagamoyo, Tanzania. The port which is the largest government infrastructure projects in the country and is expected to be the largest port in the east Africa. The port construction is a collaboration of China and Oman which…

CHAD BEGINS WORK ON ENERGY SCHEME AFTER 44 YEARS PLANNING

Posted on October 31, 2017October 31, 2017 by Gambeta News

Chad have officially begun work on two energy projects which it had planned for, 44 years ago. The Republic of Chad has began work on two(2) energy projects it believes would boost the country’s economy. The foundation of the twin plants was laid on 28th Oct 2017 by the country’s president Idriss Déby. The two schemes which are to be built in the northwestern Kanem region, are Sedigui oil refinery and the Rig-Rig gas treatment plant and they…

CHINA ANNOUNCES PART CANCELLATION OF MOZAMBIQUE’S DEBT

Posted on October 30, 2017 by Gambeta News

China forgives part of Mozambique’s debt During a ceremony in Maputo, where Mozambique’s Deputy Foreign Minister Nyeleti Mondlane and the Chinese ambassador, Su Jian, signed various economic and technical cooperation agreements, it was announced that the interest on Chinese loans that should have been paid by the end of this year by Mozambique which amounted to 239.26 million yuans (about 36 million US dollars, at current exchange rates), have been pardoned. According to Mondlane, the debt cancellation was of…

AFRICA’S TALLEST SKYSCRAPER TO BE CONSTRUCTED IN EGYPT

Posted on October 24, 2017October 27, 2017 by Gambeta News

Egypt’s proposed skyscraper is set to replace Carlton centre as Africa’s tallest skyscraper Egypt is set to construct Africa tallest skyscraper as part of its new administrative capital project. The 345m-high skyscraper project which is to be constructed by China State Construction Engineering Corporation (CSCEC) is expected to cost US$ 3bn and will replace South Africa’s 223-meter-tall Carlton Centre once it is completed. The project which will cover an area of 50km, will comprise of 12 business complexes, five residential buildings and…

BOSTON – FIRST US CITY TO IMPORT CHINESE SUBWAY SYSTEM

Posted on October 20, 2017 by Gambeta News

Chinese train makers finally cracks US market as CRRC wins contract to supply Boston subway system with rail cars. World’s largest and Chinese state-owned train maker, China Railway Rolling Stock Corporation (CRRC), has won a US$842m contract to supply hundreds of rail cars for the Boston subway system. The first batch of 152 carriages for the city’s Orange Line will be shipped to Boston in December while another set of 132 cars will follow to replace the Hawker…

MOROCCO SETS UP ECONOMIC ZONE TO BOOST COOPERATION WITH CHINA

Posted on October 19, 2017 by Gambeta News

Morocco seeks to build strong economic relationship with China. An economic zone has been set up in the Moroccan northern city, Fez. The economic zone is aimed at building bilateral relationship and cooperation between industries in Morocco and China. Fes-Meknes Regional Investment Center have signed a deal with China Industrial Cooperation Association, aimed at establishing an economic zone in Morocco that attracts Chinese firms to invest in fields like automobile, aviation, agriculture, health and renewable energy….

NUCLEAR DEAL TO BOOST SOUTH AFRICA’S DEBT

Posted on October 11, 2017 by Gambeta News

SAFCEI warns SA’s government on the the result of its planned nuclear deal. South African president, Jacob Zuma and the Minister of Energy on Tuesday was warned by the Southern Africa Communities Environment Institute(Safcei) that it was worried that the country’s nuclear planned deal would trigger a rise in the country’s debt. A letter has been delivered to the office of the south African presidency and Minister of Energy according to the faith- based NGO. this…

UGANDA AT 55, WHERE ARE WE?

Posted on October 9, 2017November 16, 2017 by Gambeta News

As Uganda celebrates its Independence today (09-10-1962), we decided to take an in-depth look at the country with an influence in the Eastern African block. We cannot look at Uganda without acknowledging China’s impressive presence in the region, accounting for numerous infrastructural projects and economic activities. China has been showing a strong willingness to take more ambitious risks associated with the countries resources. Showing strong commitment through signed deals to develop Uganda’s oil, minerals, and…

CHINA SIGNS FIRST PRIVATE HIGH SPEED RAIL DEAL

Posted on September 14, 2017 by Gambeta News

The government of Zhejiang province and a group led by Fosun High Technology has signed a Public-Private Partnership (PPP) deal for the first high speed rail project in China to be funded by a private sector. Fosun, a conglomerate known for aggressive acquisitions around the world, is to organise an investment fund of US$6.9bn, which will give it a 51% holding in the project while four(4) state-owned enterprises, including China Railway Corporation, will provide the remaining funds…

CHINA TO FUND US$1.2bn ZAMBIAN HIGHWAY

Posted on September 12, 2017 by Gambeta News

Zambia has launched construction of the 321-kilometer Lusaka-Ndola dual carriageway that connects the southern and central parts of the country to the mining towns in the Copperbelt province. The mega-road project which will be constructed by China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) at a cost of US$1.2bn, is funded by a loan from China’s Exim Bank. The new road when completed will improve the flow of traffic and drastically reduce accidents on…

CHINA TO BAN THE SALE OF DIESEL AND PETROL CARS AND VANS.

Posted on September 12, 2017 by Gambeta News

China’s industry ministry is developing a timetable to end production and sale of fuel cars and will promote development of electric technology as Beijing seeks to ease pollution. The country’s Deputy industry minister, Xin Guobin told a forum in the northern city of Tianjin at the weekend that his ministry had started “relevant research” and is working on a timetable for the ban. In July, France and Britain announced that they will stop sales of petrol and diesel cars…

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