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Ethiopia is another recipient of space aid from Beijing. Since 2019, China has launched two Earth observation satellites for the East African country and funded construction of a ground station there.
Access to Satellite TV for 10,000 African Villages is a China–Africa cooperation project that aims to reduce the digital divide in African rural areas by giving villages access to digital television. As of April 2019, projects had been completed in sixteen sub-Saharan countries.
South African President Cyril Ramaphosa said on Thursday that he did not believe Chinese investments in Africa were pushing the continent into a "debt trap" but were instead part of a mutually ...
Colombo International Financial City built on land reclaimed from the Indian Ocean and funded with $1.4bn in Chinese investment is a special financial zone and another major Chinese investment in Sri Lanka. [103] In April, Sri Lanka experienced a default on its foreign debt amounting to US$50 billion, with China being one of the creditors involved.
In 2011, Nigeria was the 4th largest trading partner of China in Africa and in the first 8 months of 2012, it was the 3rd. [27] In April 2018, Nigeria signed a $2.4-billion currency swap deal valid for 3 years. [28] In 2019, bilateral trade between China and Nigeria reached $19.27 billion. [21]
The Forum on China–Africa Cooperation (FOCAC) (simplified Chinese: 中非合作论坛; traditional Chinese: 中非合作論壇; pinyin: Zhōng Fēi hézuò lùntán; French: Forum sur la coopération sino-africaine) is an official forum between the People's Republic of China and all states in Africa with the exception of the Kingdom of Eswatini. [1]
Africa is turning out to be an unlikely market for Chinese television producers, according to one production executive. Hou Hong Liang, chairman of Chinese television production company Daylight ...
The Silk Road Fund (Chinese: 丝路基金) is a China Government Guidance Fund to foster increased investment in countries along the Belt and Road Initiative (formerly One Belt, One Road), an economic development initiative primarily covering Eurasia. The Chinese government pledged US$40 billion for the creation of the investment fund ...