Huayou, the Chinese chemicals and minerals firm, says it expects to create 1 000 new job opportunities for local Zimbabweans during the construction and development phase of the new Arcadia lithium project. The announcement came after the Tongxiang-based company acquired the project from several Prospect Resources Plc shareholders in April 2022. It would invest $300…
Chinese firm opens US$45m plastic waste recycling plant in Kenya Weeco Recycling Company plans to set up another one in Mombasa Weeco Recycling Company, originally from China, opened the recycling plant in Athi River town in Eastern Kenya. The plant has the capacity to process 2 000 tons of PET bottles every month, which equates…
The 21stcentury is said to belong to China, but the 22ndcentury could be Africa’s The rising of the African Century could be due to rapid Chinese investment coupled with homegrown innovation Since 2000 China has invested or committed to invest in excess of $359 billion in Africa, according to the China Investment Global Tracker. This…
Trade and Industry Minister Rob Davies praises R72 million investment in Hisense factory in Cape Town 150 jobs created Hisense started producing a television production line in Johannesburg in 2000. This was its first foray into South Africa. In 2013, it expanded to Cape Town with a R350 million plant in Atlantis. The company expanded…