Uganda is set to secure a $150 million loan from China’s Export Import Bank (Exim) to enhance its internet infrastructure, as revealed by the finance ministry on Monday. This move highlights Uganda’s growing dependence on Chinese lenders, following the World Bank’s suspension of new lending earlier this year in response to Uganda’s anti-homosexuality law. During...
In a significant step towards advancing its economic development and infrastructure initiatives, Tanzania has officially become a member of the Asian Infrastructure Investment Bank (AIIB). The milestone was achieved during the AIIB’s eighth Annual Meeting in Sharm El Sheikh, Egypt, where the applications of three economies, including El Salvador, Solomon Islands, and Tanzania, were approved...
In a significant diplomatic move, the Minister of Energy in Tanzania, the Honourable January Makamba, embarked on an official visit to China in response to an invitation from China’s Minister of Energy, Dr Jianhua Zhang of the National Energy Administration. The visit, aimed at strengthening bilateral ties, witnessed fruitful discussions between Minister Makamba and his...
The government is currently looking for potential investors to take up the Bagamoyo Port Project in the coastal region after China Merchants Holdings (International) Co Ltd (CMHI) and Oman Investment Authority (OIA0 both withdrew. Although the government has shown zeal to revive the project, negotiation guidelines appear inadequate, despite President Samia often blaming top officials...
NASA’s administrator Bill Nelson recently expressed concerns over China’s aims in space and, in particular, that China would, in some way, claim ownership over the moon and other stop other countries from exploring it. In an interview with the German newspaper, Nelson cautioned, “We must be very concerned that China is landing on the moon...
“The is only one China in the world, and Taiwan is part of China,” declared China’s foreign minister, Wang Yi, at a news conference in Beijing on March 8th. That is not quite the way that Taiwan sees it. At least, Taiwan does not accept that it is part of the People’s Republic of China,...
Since the United States and Europe hit Russia with a fusillade of sanctions that cut off Russian banks from the international financial system, Russia has been pondering on the available way possible to retain its strength. The EU is currently designing another pact of sanctions, particularly on Russian gas and oil. However, banning Russian oil and gas...