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Chinese Mining Giant Denies Media Reports Its Mining Contracts in the DRC Are Under Investigation

China Molybdenum Co. (aka China Moly), the world's second-largest copper and cobalt mining company, has denied reports that its contracts for the massive Tenke Fungurume Mine (TFM) in the Democratic Republic of the Congo are now under review by the government in Kinshasa. There is no "so-called investigation," 

China Plans to Ramp Up Digital Engagement in Africa

The Chinese government announced new plans this week to increase engagement in Africa's tech sector by expanding partnerships in a number of areas including digital economy, smart cities, and 5G mobile communications.   “China will share the achievements of digital technology with Africa to ...

New Paper Calls For the Creation of a China-Africa Digital Currency Trading Hub

With cryptocurrencies becoming more popular around the world, China is now moving quickly to establish its own digital currency as a global standard, particularly in emerging markets like Africa where the mobile payment sector is booming. Early on, Beijing outlawed the ...

Don’t Blame Cheap Chinese Imports For Destroying Nigeria’s Textile Industry: It’s Our Fault, Say Industry Leaders

Nigeria's once-thriving textile sector is now fast disappearing due largely to competition from Chinese imports. But don't blame the Chinese, said Mansur Ahmed, president of the Manufacturers Association of Nigeria, who puts a lot of the responsibility for the industry's demise squarely at the ...