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China-Africa Trade Information Service
China Merchants Holdings is in hot pursuit to acquire no less than a 40pc stake of the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), a state-owned monopoly with a near complete control of the logistics business, sources close to the deal disclosed to Fortune.
On Wednesday, StarTimes launched a satellite digital television project in Kenya as part of its long-term agenda to bridge rural-urban information gap in the East African nation.
Chinese companies have shown interest to put up projects in such sectors as electronics, textiles, cosmetics, chemicals, pharmaceuticals and finance.
The Minister of Investment Dr. Mudathir Abdul-Ghani urged the Chinese companies for more investment in all sectors, particularly in textile, sugar, food and infrastructure sectors.
Despite what looks like economic downturn, investments in the fast growing telecommunications sector have been put at $68b as at July, 2016. Of this figure, $35 billion comes from Foreign Direct Investments (FDIs)
Dr. Ibe Kachikwu, to appear before its Committees on Petroleum (Upstream), Gas and Foreign Affairs to explain the rationale behind the $100 billion memorandum of understanding (MoU) he signed with Chinese companies and another proposed $15 billion investment deal with India.
Government said the renewed emphasis on stimulating private sector investment was predicated on its belief that it was only by partnering with the private sector that the economy could be thrusted onto the path of sustainability and brought out of recession.
Construction of cross-border markets along key borders linking Rwanda with its neighbours will be accomplished in the next five years and, once completed, will enhance regional trade.
The petroleum industry in Nigeria is the largest on the African continent. Nigeria attracts $393 million foreign investment in its Oil Sector in 9 month.