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China Africa Relation in East Africa

  • Commodity dip hits China’s little Africa

    CHINA, 2016/07/04 With few customers at his wholesale jeans store in Guangzhou these days, Nigerian trader Brien Chuks busies himself looking next his three-month old baby. “Last year I sold 12 shipping containers of jeans back to west Africa but this year I haven’t managed to fill a single one,” says Mr Chuks, who operates from the Canaan market in China’s third-biggest city, like a lot of other Africa-focused exporters. “The Nigerian economy depends on oil so with the crude price having fallen so low, business is very hard.” In a sign of the circularity in the world economy, the Africa-focused traders who have long thrived in Guangzhou are suffering because of a commodities-driven slump in their home continent that from presently on originated in China. At the same time as rapid Chinese increase pumped up prices of oil and metals, resource-rich parts of Africa thrived, buying additional consumer goods from Guangzhou. Presently the opposite has happened. Sitting in the midst of China’s manufacturing heartland, Guangzhou has long been a centre for trade with Africa.

  • Rwandan Who Has Worked 33 Years With Chinese Firm

    RWANDA, 2016/04/28 Vincent Hategekimana has worked 33 years with the China Road and Bridge Corporation, a Chinese firm operating in Rwanda. Born in Musanze district, northern Rwanda, Hategekimana is the initial born in a family of five. He studied up to Primary Six before dropping out. The 57-year-old joined the Chinese firm in 1982 as a casual labourer who had learned carpentry and construction, and has worked on almost all its major projects in Rwanda ever since. His job involves heading usually 50 to 60 labourers for construction projects.

  • China-Somalia ties moving in right direction

    CHINA, 2016/03/24 The historical ties between China and Somalia are set for a makeover as both nations explore cooperation in new areas that would advance peace, development and security in the Horn of African national, a veteran Somali journalist told Xinhua during an interview on Saturday. Abdurrahman Yusef, the Director of Somalia National News Agency (SONNA) , hailed the long-standing bilateral ties with China that have accelerated the country's reconstruction next two decades of civil strife. "The China-Somalia historical relationship has grown stronger and there is ample evidence to justify this statement. Our cooperation with China for the last 50 years cuts across different facets of life," Yusef told Xinhua in Nairobi.

  • China to help developing countries on parliament capacity building

    CHINA, 2016/03/23 China will launch a program to train members of parliament of some Asian and African nations so as to improve the capacity of parliament in the developing nations, a senior Chinese official said here on Monday. Chinese top legislator Zhang Dejiang announced the program at a breakfast conference with Inter-Parliamentary Union (IPU)'s President Saber Chowdhury and parliamentary leaders of Zambia, Rwanda, Kenya,Pakistan, Bangladesh and Cambodia on the sidelines of the 134th IPU Assembly.

  • How China's economic slowdown affects Africa?

    CHINA, 2016/03/14 China is presently the number-one trading partner for most African nations. It as well has huge investment of additional than 20 billion US dollars to the continent. So how will China's economic slowdown influence the African continent? We presently turn to our Nairobi studio. To properly understand why a slowdown in both GDP increase and request for raw materials from China actually does matter to African economies, look no further than this chart. Up to around the late 90s, there was little link, if any between China’s average GDP increase, and that of economies in Africa. From the start of this century, however, accumulation increase moved in lock-step with each other. Firmly underpinning this increase, was China’s request for commodities.

  • China pardons outstanding interest on Mozambique’s debt

    CHINA, 2015/12/09 China will pardon outstanding interest to 2015 of Mozambique’s deficit and the interest rate on loans to be granted someday will be reviewed downwards to lower than the current interest, which varies between 1.5 % and 2 %, the President of Mozambique announced in Johannesburg. Filipe Nyusi, who spoke to the Mozambican press at the end of the China/Africa summit, said the move would allow additional support and Chinese investment in the country and better manoeuverability for deficit repayment. At the end of a conference with his Chinese counterpart Xi Jinping, Nyusi as well said that any external funding that Mozambique gets should be used to foster economic development and for strengthening the national business sector and allow for the creation of additional jobs.

  • Chinese Premier Li Keqiang with President Uhuru Kenyatta at National Home Nairobi

    CHINA, 2014/05/14 Chinese Premier Li Keqiang with President Uhuru Kenyatta at National Home Nairobi on Sunday. Hainan Airline, touted as the major privately-owned air transport company in China, plans to enter the East Africa market with a $50 (Sh4.36 billion) million investment . The Shanghai Stock Exchange-listed HNA Group is the fourth major airline in China and operates in 60 nations. The airline signed an agreement with Astral Aviation Airlines Kenya on Saturday, which was one of the 17 MoUs signed at National Home between Kenya and China.

  • China's financial support significant role as Tanzania

    CHINA, 2014/03/01 CHINA'S financial support in development of major infrastructure projects plays a significant role as Tanzania leaps forward to become the regional economic power home. Looking at the bigger picture, Tanzania's economic fortunes have been boosted by the discovery of the vast natural gas reserves in the southern regions of Mtwara and Lindi, but it is China's influence that will matter most as it finances major energy and infrastructure projects to tap the resources. China is financing a US $ 1.2 billion gas pipeline project from Mtwara to Dar es Salaam, which is expected to be completed later this year.

  • xi jinping in tanzania

    CHINA, 2013/04/05 This is my prime visit to Africa as the Chinese President and my sixth visit to the African continent. The moment I set foot on this beautiful land, I was impressed by the overwhelming friendship of the Tanzanian people toward the Chinese people. The government and people of Tanzania held a appropriate and grandiose welcoming ceremony. This shows not only the importance they accorded to me and my delegation but as well the profound traditional friendship between the two nations and two peoples.

  • Trade between China and Mozambique

    CHINA, 2013/01/12 Trade between China and Mozambique amounted to US$1.224 billion from January to November 2012, 42.41 % additional than in the same period in 2011, indicate official Chinese customs figures released in Macau. In the prime nine months of the year China sold Mozambique merchandise worth US$859 million and bought goods worth US$365 million, respectively up 32.86 % and 71.37 % year-on-year.
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