September 2018

China’s TBEA to invest in 180 mln euro Gabon hydropower project – Gabon official

Chinese energy firm TBEA will invest in a 180 million euro ($209 million) hydropower project in Gabon alongside the West African country’s sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin “pretty soon” on the project, which will have a power generation capacity of 70 megawatts in the first phase, Liban Soleman,…

China-Africa summit: Xi assures ‘no strings attached’ in Africa investment

President Xi Jinping told African counterparts and business leaders Monday that China’s investments on the continent have “no political strings attached”, even as Beijing is increasingly criticised over its debt-heavy projects abroad. Xi spoke before the start of a two-day China-Africa summit that is expected to focus on his cherished Belt and Road initiative, a…