Chinese customs authorities granted approvals to 49 Tanzanian soybean companies this week to begin exporting their crop to China. While the opening of this new market could prove to be very lucrative for Tanzanian farmers, it’s unlikely that it’ll have much impact on China’s soybean imports that now average around 99 million tons a year.
Other China-Africa Business Headlines:
- INFRASTRUCTURE: The Zambian government awarded China State Construction Engineering Corporation (CSCEC) a $27 million contract for a water and sanitation improvement project in the northern districts of Kasama and Mbala. (XINHUA)
- MINING: Australian mining company Ionic Rare Earths inked a memorandum of understanding with rare earths miner Aluminum Corporation of China or Chinalco over the development of its Makuutu rare earths project in Uganda. (MINING WEEKLY)
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