Chinese agricultural experts have announced they intend to help boost the quality and yield of cassava varieties in Africa. The project was announced at the second Forum on China-Africa Cooperation on Agriculture, held in Hainan province in early November. Often referred to as the bread of the tropics, the carbohydrate-rich tuber, known as tapioca in…
Kenyan authorities have reached out to Chinese businesses in a bid to improve their industrial production capacity by establishing manufacturing hubs and special economic zones (SEZ) nationwide. The developing nation is looking to attract investors from several sectors, including textiles, electronics, pharmaceuticals, lifts and elevators, and medical equipment. The initiative forms part of the East…
Trade between Tanzania and its largest import-export partner, China, skyrocketed by nearly 25 per cent in 2022, as the two parties continue to reinforce diplomatic ties after 60 years of cooperation. Trade figures reached $8.32 billion in 2022, said Tanzanian ambassador to Beijing, Mbelwa Kairuki in February, addressing an audience in Hong Kong while promoting…
The small East African nation of Djibouti has secured a reported $1 billion in funding from Hong Kong to kickstart its space programme. The initial investment will see the establishment of a satellite and rocket launch facility, according to African Business. The government of Djibouti inked a memorandum of understanding (MOU) with Hong Kong Aerospace…
As the world’s automotive players continue to ramp up electric vehicle (EV) production, Africa is ideally placed to take profit from it. EV manufacturers are scrambling to access rich deposits of lithium, copper, nickel, cobalt and platinum, all essential to the development of zero-emission cars. China, the world’s top EV manufacturer, remains relatively unchallenged in…
In a windfall for the South African mining sector, the demand for the country’s vast platinum reserves will rise sharply as China ramps up its production of fuel cell energy vehicles (FCEVs). The precious metal is vital to the manufacturing process of zero-emission hydrogen fuel cells. Platinum is a dense, unreactive, precious metal found in…
Chinese imports of South African agricultural products are proving increasingly valuable, as local and global economies continue to stutter. Citrus and apples grown in the country’s favourable conditions are also growing in demand amongst Asian customers. South African exporters have worked diligently to open new international destinations for produce since 1994. The country has steadily…
The second-ever China-Africa Economic and Trade Expo in Changsha has wrapped up, strengthening the bond between the two trade allies. The four-day event themed ‘New Start, New Opportunities, and New Accomplishments’ was held in person and online, and featured nearly 1 000 enterprises and government officials, including representatives from more than 40 African countries, according…
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 on the first day of 2021.…
The South African wine industry may receive a surprise boost in the years to come as import tariffs imposed on Australian wine by China sees the Asian giant shopping for wine in other regions. China has imposed export tariffs of between 107%-212% on Australia’s wine industry, following similar bans or tariffs on Australian barley, beef…