Connecting Africa to China
China and Egypt cooperate on Africa’s tallest building
The skyline of Egypt’s New Administrative Capital (NAC) will be forever changed after the Iconic Tower, Africa’s tallest building was completed, thanks to the latest Sino-African cooperation. Minister of Housing, Utilities and Urban Communities, Essam el-Gazzar, said the new 385-metre skyscraper was modern Egypt’s latest architectural achievement. Construction of... Read more
China makes strides in digital currency rollout
Currently there are over 5 000 cryptocurrencies in existence and China is fast developing its own digital currency pilot programme.  The Asian power became the first major economy to trial the concept last year and since then, a slew of tech firms and cities have started circulating China’s ‘renminbi’, or... Read more
China and Mauritius sign deal as African Free Trade Agreement goes live
Mauritius and China have signed the first Sino-African Free Trade Agreement, opening the African island nation to new trade opportunities with the globe’s second-largest economy. The deal, which was made official on Friday, coincides with the signing of the African Continental Free Trade Agreement (AfCFTA) which went into effect... Read more
SA bumper harvest finds willing Chinese markets
On the back of a stellar citrus season, South African fruit farmers will benefit further as China and South Africa have signed a memorandum of understanding (MOU), boosting trade between the two nations for the next five years. The MOU was signed by the vice president of the China... Read more
China enters global mega trading bloc
China, Australia, Japan and 12 other nations in the Asia-Pacific region have signed a free trade deal worth 30% of the world’s economic output and encompassing more than a quarter of the globe’s population, making it the largest of its kind in history. The Regional Comprehensive Economic Partnership (RCEP)... Read more
China to help Africa fight Covid, build economies
China said it would offer aid and assistance to its African trade partners in their prolonged battle with the Covid-19 pandemic. It has also committed to build on existing economic partnerships across the continent.   Speaking at the virtual China-Africa Cooperation summit on 27 August, Zhao Xiyuan, an official... Read more
China set to go cashless
China has begun trials on the e-RMB or digital Yuan, the world’s first digital currency to be rolled out by a major economic player. The digital Yuan will debut in four of China’s largest cities, according to local media. After initial scepticism about coin offerings, China’s central bank will... Read more
Chinese motor industry back on track
Restrictions on movement, production and trade have seen the global automotive industry grind to a halt. But China, once the epicentre of the Covid-19 outbreak, is seeing its employees slowly returning to work. After car sales in China fell 80% in February during the apex of the pandemic, markets... Read more
Tencent and UAE airline partner to re-ignite tourism amid Covid-19
Chinese internet giant, Tencent, and UAE airline, Etihad, will work together to reignite tourism and travel amidst the Covid-19 outbreak. The two signed a Memorandum of Understanding (MoU) in March to establish a partnership focused on increasing consumer comfort and inflight digital activity. Tencent, the tech giant responsible for... Read more
M-Pesa and WeChat link up
Money transfers between China and Kenya made easier thanks to a partnership between M-Pesa and WeChat London-based fintech firm, SimbaPay, established the link between the two tech giants Millions of people in Kenya use M-Pesa, a cellphone-based service that offers money transfers, financing and microfinancing. Founded in 2007, M-Pesa... Read more