Kenyan contractors are challenging tax and customs concessions they say favour firms working on Chinese-financed infrastructure projects, setting up a legal dispute over the terms under which foreign and local businesses compete for construction work. Kenyan contractors want the government to disclose tax and customs concessions linked to Chinese-financed infrastructure projects. They allege that the…
A South African project that plans to extract rare earths from fertiliser waste could become a new source of materials for European magnet manufacturers under an agreement announced on Thursday. Canada’s Neo has signed a rare earth supply agreement with South Africa’s Rainbow Rare Earths. The Phalaborwa project aims to recover rare earths from 35…
U.S. President Donald Trump greeted Chinese President Xi Jinping at Joint Base Andrews with a formal red-carpet arrival to open a three-day summit in Washington. President Donald Trump welcomed Chinese President Xi Jinping to Washington with a formal red-carpet ceremony. The United States and China agreed to extend their trade war truce. Xi Jinping emphasized…
Weeks after ending its 12-year operations in Nigeria and Uganda, Uber CEO Dara Khosrowshahi has discussed expanding the company’s services in Jordan with Crown Prince Al Hussein bin Abdullah II. Uber CEO met the Jordanian Crown Prince to discuss potential service expansion in Jordan. Talks covered cooperation in tourism, integration with the ‘Jordan Source’ initiative,…
As conflict between the United States and Iran continues to disrupt maritime trade through the Strait of Hormuz, Washington has moved to project naval power through the deployment of Navy destroyers. The US has deployed Navy destroyers to the Red Sea to counter disruptions in maritime trade caused by the conflict with Iran and Houthi…
Indian billionaire Anil Agarwal’s Vedanta Resources has hired a Chinese engineering company to construct a $498 million copper recovery plant in Zambia, bringing together Indian capital and Chinese technology in one of Africa’s most strategically important mining regions. Vedanta hires Chinese firm to build $498 million copper plant in Zambia. The plant will recover 70,000…
Africa is trying to dismantle the barriers that have kept its economies apart. A worsening dispute between Nigeria and South Africa is showing how quickly politics can threaten to put some of them back up. Nigeria’s dispute with South Africa shows how political tensions can threaten Africa’s push for deeper economic integration. Nigerian lawmakers have…
A British arms broker has been sentenced to 16 years in prison for operating an illegal weapons network that pursued deals involving a nearly $55 million surface-to-air missile system for South Sudan and fighter jets for Libya during its civil war. Two British arms brokers have been sentenced to 16 years for illegally arranging military…
Mercedes-Benz, headquartered in Stuttgart, Germany, Europe’s largest economy is marking a historic milestone as it celebrates 140 years of automotive innovation. To honor this global anniversary, customer-focused initiatives have been launched across Egypt, Africa’s second-largest economy, offering drivers enhanced value and exclusive ownership opportunities. Mercedes-Benz celebrates 140 years of automotive innovation. To mark the anniversary,…
