Category: Business
WEEK IN REVIEW: Washington’s Answer to the BRI Takes Shape as New Details About B3W Emerge
The U.S. government is now considering as many as 50 infrastructure projects for its new B3W initiative, which is aimed at countering China's Belt and Road Initiative. Earlier this week, administration officials hinted at around 20 projects, but apparently, that figure has now increased substantially. U.S. officials recently ...
South African Retail Giant Woolworths Turns to China’s SAIC For New Electrified Delivery Vans
When South African online shoppers get their groceries delivered from the retail giant Woolworths, they'll come in one of the company's new Chinese-made electric-powered delivery vans. Woolworths announced that it will use the Shanghai-based auto major SAIC's Maxus ...
Congolese Superstar Cédric Bakambu May Say Adios to the Chinese Super League Now That Barcelona is Calling
Congolese forward and Chinese Super League Cédrioc Bakambu may be on his way back to Spain in 2022 when his contract expires with Beijing Guoan in December. There are widespread reports that the CSL's top scorer last year is once again being considered for a ...
Week in Review: Hostages Rescued in Mali, Rwandan Agribusiness & Nigeria Joins AIIB
Malian security forces on Monday rescued three Chinese nationals kidnapped by unknown assailants after the trio escaped their captors over the weekend. The three construction workers and two colleagues from Mauritania were seized on July 17. While the Mauritanians were freed 10 days later, the Chinese were held ...
Ghanaian Mall Owner Explains Why They Put Giant Boulders in Front of a Neighboring China Mall
The owners of the West Hills shopping mall in southern Ghana who dumped huge boulders in front of the China Mall next door explained that they did so to stop the neighboring shopping center from expanding onto their land -- and not because they objected to the ...
The Worst May Be Over For Embattled Chinese Mining Giant Sicomines
The Sino-Congolese mining company Sicomines, which has been under intense scrutiny for the past several months over its 2007 contract with the government, is now communicating with a sense of confidence that gives the impression its troubles with the authorities in Kinshasa may be over.
Chinese Companies Looking to Improve Their Reputations in Africa Could Learn a Lot From What Huawei’s Doing in Kenya
Very few Chinese companies have been able to generate the kind of goodwill that Chinese telecom giant Huawei enjoys in Kenya and it’s not by chance. When it comes to local employment, the company spans a whole value chain from suppliers, technicians, charitable partners, educators, and academics ...
One Kenyan Entrepreneur’s Cautionary Tale About Replacing Chinese Imports With a Locally-made Alternative
Kenya's gaping trade imbalance with China is typical of many African countries that import significantly more than they export to the Chinese market. This has prompted calls going back years for Africans to reduce their dependency on Chinese imports and manufacture more at home, particularly in the ...
China’s Largest EV Battery Manufacturer Wants to Move Beyond Cobalt
While Chinese companies are investing billions of dollars to build new cobalt mines in the Democratic Republic of Congo as part of a broader effort to control the global electric vehicle battery market, they're also moving fast to develop new batteries that, in the future, won't rely ...
In What Could be An Ominous Sign For Other Developing Countries, Vietnam Reports Severe Supply Shortages From China
Electronics retailers in Ho Chi Minh City, Vietnam's southern commercial hub, are reporting acute shortages of laptops, mobile phones, and other electronic devices imported from China. Logistics experts there say the disruptions are due to what's described as a "perfect storm" of supply chain disruption that could ...