Chinese firm launches Sh 4.5 Billion Plastic Recycling Plant in Kenya

Posted by - April 10, 2019

A Chinese firm, Weeco recycling company , has launched a Kshs4.5 billion recycling company in Athi River and Mombasa that collect and recycle plastic bottles which are later converted into fiber and garment. Company Director Wang Zhangyin said that the firm would collect approximately 2000 tonnes of bottles every month as it aims to provide

Chinese I.T Giant, Inspur Group, To Establish West Africa HQ in Ghana

Posted by - September 12, 2018

China’s leading cloud computing company, which also happens to be the no. 2 company in China’s Information Technology industry, Inspur Group Co. Ltd, has chosen Ghana as its preferred destination in West Africa for the establishment of its regional headquarters. According to Mr. Peter Sun, Chairman and Chief Executive Officer of Inspur Group, the decision

Nigeria central bank to sell Chinese yuan in second auction –traders

Posted by - August 20, 2018

Nigeria’s central bank asked lenders on Friday to submit bids for the Chinese yuan, traders said, in its second auction of the currency after it agreed a swap with the People’s Bank of China in May. In May, the central bank signed a $2.5 billion three-year currency swap deal with Beijing to facilitate trade between

FirstBank Deepening Intercontinental Partnerships with Chinese Business Forum

Posted by - July 24, 2018

As part of its strategic drive to strengthen business partnerships between Nigeria and China, First Bank of Nigeria Limited recently organised the FirstBank-Chinese Business forum. The event themed; Deepening Sino-Nigerian Cooperation was held recently at the Oriental Hotel, Lagos. The FirstBank Chinese Business Forum was organised as part of the overarching strategy by the Bank