Company News

Khartoum — A shareholders' agreement has been signed Sunday between GIAD Industrial Group and China's Jiang Shu Company to develop the Red Sea's Free Zone and the projects of the Red Sea's water desalination as well as mining for gold and copper.

In an effort to expandthe tax base, the Tanzania Revenue Authority (TRA) has reached out to Chinesetraders. About 200 200 Chinese traders participate in taxation training.

At the AfricaCom 2016 awards dinner held at The Waterfront Lookout Granger Bay Cape Town, on 16, November, Huawei picked up two of the prestigious awards, namely, The Most Significant LTE Development, and Delivering Excellence in Customer Experience.

A consortium of two Chinese firms and an Austrian engineering company has been selected to build the 80MW Rusumo hydropower station that is being jointly developed by Rwanda, Tanzania and Burundi.

Electronic giants, Philips, is interested in entering the Rwandan market to provide lighting and healthcare-lifestyle solutions.

The Embassy of the People's Republic of China has expressed its appreciation to Tanzania Standard (Newspapers) Limited (TSN), saying the company has been 'very supportive' to promoting cooperation between the Far- East country and Tanzania.

Huawei has sold close to nine million units of Huawei P9 and Huawei P9 Plus devices since the official launch in April 2016.

Bauchi — The Bauchi State Government will sign Memoranda of Understanding (MOU) with some Chinese investors wishing to invest in the state's economy.

Zimbabwe's Local car assembler, Quest Motors, says they are almost closing. It has warned that it may be forced to shut down as the Reserve Bank of Zimbabwe's (RBZ) policies have made it impossible to pay suppliers of vehicle kits in Japan and China.