Via The Economist, a report on how Chinese companies have made their mark on the African continent: Outside a bar in Fungurume, a mining town in Congo, men caked in dust spit peanut shells onto the floor. Inside, where Chinese New Year lanterns hang from the walls, Emmanuel (not his real name) explains how things changed […]
Read more »Courtesy of The Economist, an article on Chinese loans and investment in African infrastructure: The Nairobi expressway curves 27km (17 miles) through Kenya’s capital. Built by the China Road and Bridge Corporation, a state-owned enterprise (soe), the road will open later this year. Under its concrete pillars, Nairobians share their views of it. Samwel Juma, a […]
Read more »Via Week In China, an article on the struggle for a “monster” lithium deposit in Africa: Chinese ambitions to take control of the biggest lithium mine in Africa looked dead in the water in April 2020 after Canberra blocked the ASX-listed miner AVZ Minerals from selling an 11.8% stake to Chinese firms including CATL (see […]
Read more »Via Foreign Policy Research Institute, commentary on China’s BRI in Kenya: Through trade, investment, and strategic diplomacy, China is re-shaping sub-Saharan Africa. Beijing has growing economic ties with Africa’s largest economies and Chinese firms dominate infrastructure construction projects. In 2020, nearly one-third of infrastructure projects in Africa worth at least $50 million were built by Chinese companies. […]
Read more »Via Nikkei Asia, a report on COSCO planting its flag in South America with $3bn Peruvian port: Major ports along the west coast of the Americas have been snarled for much of the last two years due to COVID and global shipping challenges such as the Ukraine war. Outside a sleepy South American fishing town, Chinese […]
Read more »Via Week in China, an article on CNOOC’s drilling activity in Brazilian waters: Saudi Aramco is jostling with Apple once again for the title of the world’s most valuable company, helped by oil prices that have soared 60% since last year on higher demand and the spillover effect of the disruption in energy markets caused […]
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