Global energy markets are facing one of the most severe disruptions in decades, with the International Energy Agency (IEA) warning that the ongoing US-Israel-Iran conflict has already removed around 11 million barrels per day from global oil supply, an impact larger than past oil crises combined. IEA Executive DirectorContinue Reading
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 98 pips to 6.8943 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from theContinue Reading
The Kenya–China Business Forum was held in capital Nairobi on Monday, focused on enhancing trade and investment ties between the two nations. Under the theme “Zero Tariffs for Stronger Cooperation, Greater Trade, Investment, and Thriving Industries,” the forum highlighted the Early Harvest Agreement that grants duty‑free access for selectedContinue Reading
Beijing has called for opening-up and technological progress to drive new market growth, in order to enable the world economy to emerge from difficulties and move toward prosperity. Delivering a keynote speech at the opening ceremony of the China Development Forum 2026 in Beijing on Sunday, Premier Li QiangContinue Reading
Tanzanian authorities will implement a tax reform to increase domestic government revenues, President Samia Suluhu Hassan said following the presentation of a report by a presidential commission. During her speech, Hassan noted that nearly 35 years have passed since the last revision of the system, underscoring the urgent needContinue Reading
Governor Ahmed Usman Ododo of Kogi State has handed over the contract for the construction of the proposed Zariagi International Airport to China Civil Engineering Construction Corporation (CCECC) and Gamji Nigeria Limited. The brief ceremony took place on Wednesday at the Government House in Lokoja, with key stakeholders andContinue Reading
(BRNN/GSF) China has unveiled a new list of 13 major foreign-funded projects with a planned investment of 13.4 billion U.S. dollars, the country’s top economic planner said on Wednesday. The new batch of projects is mainly in the manufacturing sector, including electronics, chemicals, automobiles and electrical machinery, aiming toContinue Reading
(BRNN/GSF) Automakers in China are expanding their reach overseas more than ever — and increasingly, they are no longer just shipping cars. Last year, China exported 7.09 million new vehicles, up 21.1 percent year-on-year, making the country the world’s largest vehicle exporter for three years on end, according toContinue Reading
The Chinese and U.S. delegations held candid, in-depth and constructive exchanges and consultations here from Sunday to Monday on economic and trade issues of mutual concern, including tariff arrangements, promoting bilateral trade and investment, and maintaining existing consultation consensus. During the talks, which are guided by the important consensusContinue Reading
PRESS RELEASE Dangote Industries Limited (DIL) and GCL Group, China’s leading private energy conglomerate, have formalised a landmark US$4.2 billion, 25‑year natural gas supply agreement to power Dangote Group’s major expansion projects in Ethiopia. The agreement, signed in Lagos, reinforces one of the most significant China–Africa industrial partnerships to date.Continue Reading
