Via the STAT Trade Times, a report on a new Chinese-built e-commerce logistics hub in Ethiopia that Ethiopian Airlines hopes will position Addis Ababa to be the cross-border e-commerce logistics hub for Africa and beyond: Ethiopian Airlines, Africa’s biggest airline, inaugurated a state-of-the-art modern e-commerce logistics facility. The first-of-its-kind facility in Africa has been constructed […]
Read more »Via Energy Daily, a report on a recent Sri Lankan decision to award power contracts to India rather than China: Sri Lanka on Friday awarded the construction of three solar and wind hybrid power generation facilities to an Indian company after scrapping a tender won by a Chinese firm.New Delhi has long been concerned about […]
Read more »Via BNN Bloomberg, a report on Cote d’Ivoire: Ivory Coast’s eurobonds rallied after the nation’s credit score was lifted by Moody’s Investors Service, which cited the resilience of the economy and rising private sector investments. The company raised the West African nation’s rating one level to Ba2, two levels below investment grade over the weekend. […]
Read more »Via The China File, commentary on CPEC, China’s trade route through Pakistan which promised investment but faces regional backlash: The China-Pakistan Economic Corridor (CPEC) is one of the major spokes of Beijing’s multi-trillion dollar Belt and Road Initiative (BRI), an ambitious attempt to remake global trade and transport infrastructure. CPEC’s terminus is Gwadar, a port […]
Read more »Via Deutsche Welle, a look at the UAE’s $35 billion deal with Egypt: a case of Gulf bailout diplomacy or not? While much about this deal seems very familiar, the underlying arrangement signals an important shift in the Gulf states’ decades old practice of bailout diplomacy as a large portion of the deal resembles a […]
Read more »Courtesy of The Africa Report, an article on deepening economic ties between Kenya and Ethiopia: Kenya and Ethiopia have this week signed seven memoranda of understanding, from blue economy, petroleum and energy development to enhance trade relations and investment cooperation. Ethiopian Prime Minister Abiy Ahmed arrived in Nairobi on Wednesday for a two-day state visit […]
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