China UnionPay issues 1st credit card in Africa

China UnionPay issues 1st credit card in Africa

China UnionPay (中国银联), China’s leading bankcard network operator, announced on Thursday that it has issued its first credit card in Africa, further enlarging its global footprint. UnionPay International, China UnionPay’s international arm, jointly issued three types of credit card in partnership with Cim Finance from Mauritius, the Shanghai-based company said in a statement. The credit […]

Chinese businesses in Africa urged to create local jobs

An official with the National Development and Reform Commission (NDRC) has urged Chinese businesses in Africa to create jobs for local residents and increase local tax revenues. Liu Hongkuan, deputy director of the Department of Foreign Capital and Overseas Investment under the NDRC, made the remarks at a forum with the theme “Chinese Businesses in […]

AU Commission head to visit China

Nkosazana Dlamini-Zuma, head of the African Union (AU) Commission, is to visit China from Feb. 14 to 17, at the invitation of Chinese Foreign Minister Yang Jiechi, the foreign ministry’s spokeswoman Hua Chunying said Friday. During Zuma’s visit, she will attend the fifth China-AU strategic dialogue, Hua said. Xinhua

China defends cooperation with Africa

China defended its cooperation with Africa here on Monday, saying it does not hinder any third party’s cooperation with Africa. “China-Africa economic and trade cooperation is mutually beneficial and win-win, and strongly boosts the common development of the two sides,” Foreign Ministry spokesman Hong Lei said at a daily press briefing in response to the […]

Africa becomes largest Chinese medicine export market

Africa has become the largest export market for medicine made by China and one of the fastest-growing markets for Chinese medical products, a senior medical official said on Saturday at an ongoing import-export fair in south China’s Guangdong Province. Statistics released on Friday by the China Chamber of Commerce for Import & Export of Medicine […]

China, ECOWAS move to strengthen ties

The government of China and authorities of the Economic Community of West African States (ECOWAS) on Wednesday moved to strengthen relations by signing a framework agreement for cooperation in specific areas with a view to enhancing economic cooperation between both sides. The framework agreement was signed in Abuja, Nigeria’s capital city, when a high-level delegation […]

One Chinese worker shot dead in northern Nigeria

A Chinese construction worker was on Friday shot dead in Nigerian’s northeastern city of Maiduguri by gunmen. The Chinese, according to witnesses, was shot dead at a construction site around the Lagos street at about 1 p.m. local time. “The man was brought to the hospital (University of Maiduguri Teaching) mortuary dead from gun shots,” […]

African immigrants talk about life in Beijing

Chinese companies have invested heavily in Africa in recent years and trade among Asian and African nations has soared. As their economic ties have grown, so have the number of African immigrants to China, now estimated at around half a million people. Turay Lamin owns Africa House, the sole restaurant serving pan-African cuisine in Beijing. […]

Chinese businessmen invest 250 mln USD in the Limpopo Valley in southern Mozambique

Authorities in the southern Mozambican province of Gaza said that a group of Chinese businessmen is investing 250 million U.S. dollars in agriculture in the Limpopo Valley. The investors are from the Chinese Hubei province, and working on agricultural project covering 20,000 hectares on lower Limpopo Irrigation System, Radio Mozambique reported on Monday. According to […]

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