Browsing: China

tianyu

The operations of Tianyu Mining Zambia Limited has been brought to a halt by Chilanga District Task Force (DTF) who have agreed to shut down their operations for what the task force says the mining company failed to comply with set regulations by the Zambia Environmental Management Agency (ZEMA) on air pollution.

Richard Ndazye the DTF Chairperson castigated the management of Tianyu Mining Company for the openly ignoring to observe regulations set by ZEMA saying that such behaviors of constantly polluting the air with dust at the expense of locals will not be tolerated.

He said the company was supposed to engage the residents at Arduin farms and surrounding areas on the best possible way of ensuring that the dust arising from heavy duty vehicles is controlled.

“If you as a company do nothing on the air pollution happening in the area the cost of living for the people here …

A railway line. China is the top investor in African infrastructure and it will play a key role in building transport corridors supporting the AfCFTA. www.theexchange.africa

While the African Continental Free Trade Area (AfCFTA) has become a reality, developing robust infrastructure is crucial to its operationalisation and success. 

For maximum benefit, member states to the trade agreement must be connected physically and digitally through hard infrastructure and connected in the harmonisation and coordination of processes through soft infrastructure. 

The pact connecting 1.3 billion people across the 55 African countries with a combined gross domestic product (GDP) valued at US$3.4 trillion faces huge challenges that need quick responses. These responses range from the dependence of African economies on commodity production and exports, the lack of diversification which has caused a mismatch between supply and demand, tariffs and non-tariff barriers (NTBs), inefficient transport infrastructure and poor trade logistics to high-security risk among others.…

tele

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You have a debtor, it is time for them to pay, you pick up your mobile phone dial the number and the most annoying automatic response comes on; ‘Sorry, the number you are calling is not available.’ 

Upset you hang up and redial, same message, now you are really getting mad, you hang up redial and voilà! You are connected. You exchange a barrage of why are you switching off your phone, they reply no, my phone was on, you finally settle on, it must be bad network! 

Sound familiar? 

Well here is some good news, finally the telecomm services watchdog, the Tanzania Communications Regulatory Authority (TCRA) has taken note of this poor service ordeal and taken action. 

Six telecoms fined for poor service delivery

Six major mobile phone operators have been slapped fines reaching a grand total of USD16.4 million for what authorities describe as ‘violation

Chinese Influence on the African

China has a well-established presence on the African continent. On the positive side, a lot of infrastructure development taking place is a direct result of Chinese funding. In addition, several big Chinese companies have taken root in Africa becoming significant contributors to employment and GDP. Examples include Citic Constructions, Sunshine group, and FAW. Mckinsey and Company research group estimates that in 2012 there were over 10000 Chinese-owned companies operating in Africa, the number has since increased. 

However, there has long been suspicion around Chinese funding, especially through debt as most deals are shrouded in mystery and hidden behind closed doors. One example is Zambia’s current debt conundrum, in which reports indicate the country owes China large sums of money but circumstances around the debt are unclear in terms of the duration and the cost. 

Additionally, indications are that some of the debt facilities come with collateralized arrangements in which Africa

tik

Tik-Tok and We Chat Now Banned in the United States.

The US has banned the popular video challenge App Tik Tok along with the mobile payment platform WeChat, citing home security threats.

In a move that was widely unexpected, despite the mounting Sino-US trade tensions. Tik Tok is very popular in the US (and around the world) and wracks in millions in advertisements and fees.

As of tomorrow (Sunday 20th, 2020) We Chat will be shut down in the US but Tik Tok will have some leeway all the way to November. Should the supposed threat be neutralized before then, then the US will lift the ban, China has been informed.

Explaining the ban, Commerce Secretary Wilbur Ross said “The Chinese Communist Party has demonstrated the means and motives to use these apps to threaten the national security, foreign policy, and the economy of the US.”

Home security threat …

A laser machine in a factory. Companies are setting up factories in Africa to tap into the continent’s cheap labour and abundance of raw materials. www.theexchange.africa

While China is not investing much in Africa’s manufacturing, there is a lot that is happening to boost the sector, an indirect benefit of its presence on the continent. 

After surpassing the US in 2009, China became Africa’s largest trading partner.  The Asian giant’s hegemony over the continent has ruffled feathers globally as hitherto allies and financial muscles become decrepit, unable to keep the investment pace by the Chinese.

For perspective, China’s trade with Africa has exploded.  From trade worth US$10 billion in 2000, the Chinese are now controlling an estimated US$208 billion, up from US$155 billion in 2017 according to the UN Comtrade.

Read: U.S. Beware: China is ahead of the game

The South China Morning Post reported in January that China’s trade with Africa grew 2.2 per cent to hit the US$208 billion mark. 

Prior to this, and

Ibadan Standard Gauge Railway construction undertaken by the Chinese -The Exchange

Across the continent to West Africa where we find one of Africa’s largest economies, Nigeria. Here we find another railway deal gone bad, the $500 million Lagos – Ibadan railway.

In a similar manner to Kenya’s SGR debacle with China, which resulted in Kenya sinking heavily into debt that it simply cannot afford to pay and restructure, Nigeria is now finding a similar fate.

According to the country’s Director General for Nigeria’s Debt Management Office (DMO) Patience Oniha, when making a deal with China, ‘…the Chinese determine the cost of projects, give us loans tied to the projects and the projects must be executed by Chinese firms alone.’

It is alleged that not only does China force importation of even the smallest of laborers but also all the equipment and guess where they are imported from? Yes, China.

It is further argued that by so doing, China is using these …

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further africa

In the past 5 years, Southern Africa had seen a great influx of Chinese capital in any areas of investment. Many Chinese companies invested large amounts of capital in various sectors including infrastructure, but the one that seems to be getting the most attention lately is the Oil and Gas sector.

Governments would sign multi year contracts granting exploration rights and concessions to oil and natural gas reserves to Chinese companies and negotiate royalties and equity in exchange.

The system worked as a co-ownership that was observed in various countries for the great part of the last decade. Since late 2018, or early 2019, China and the United States have engaged in an economic battle that has seen threats and embargoes being set by both sides. The tensions have not eased with the current pandemic as some world leaders chose to blame China’s lack of transparency to the current pandemic …

MAGUFULI

Five years ahead of schedule Tanzania achieved middle income status. To be exact, the World Bank changed it’s classification from ‘a low-income to a lower-middle-income country.’

East Africa’s sleeping giant is finally awakening. Right in the middle of the global Coronavirus pandemic, Tanzania has provided a rare piece of good news — on 1 July 2020, the country achieved its middle-income vision five years ahead of schedule. – The Africa Report

The World Bank’s news was announced to the country by it’s President John Magufuli bringing even more recognition to the achievements of Tanzania’s fifth administration.

In his twitter handle, the president posted the new country status emphasizing the achievement was accomplished five years ahead of time.

“Today, July 1, 2020, the World Bank announced that Tanzania has become a middle-income country. I congratulate my Tanzanian colleagues for this achievement. This is a big feat that we have accomplished and …