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October 2017
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Wednesday, 18 October 2017

A United Nations official has stressed that China's investment in infrastructure across Africa is key to achieving the continent's development aspirations. Nicholas Rosellini, UN Resident Coordinator for China told Xinhua here late Saturday that China's investment in Africa's energy sector, especially through renewable energy will go a long way to support the continent to create jobs on a large scale. It is estimated that in Africa 600 million people don't have electricity. "And that has affected of course many things. It makes it very hard to run business if you don't have reliable source of electricity. It makes it very hard to run clinics and hospitals; it makes it very hard for children to get educated and to get water. In terms of basic human needs, all of them nowadays depend to some extent on electrification," Rosellini argued.

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The Peoples Republic of China has said it will lend Nigeria $4.5 billion to boost local agriculture. The loan is to enable Nigeria purchase farming tools including tractors, bulldozers, graders, irrigation pumps, amongst others. Audu Ogbeh, Nigeria's minister of Agriculture, and Abdulaziz Yari, Zamfara State Governor, made the disclosure while speaking to journalists in Abuja on Tuesday.

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Wednesday, 05 April 2017

More business is expected at the Port of Mombasa after Singapore’s Pacific International Lines and China’s Guangzhou Yansha Development Zone partnered to increase their investments. PIL, the fourteenth largest container liner company in the world, and Guangzhou have agreed to build more rail and road connections in East and Southern Africa. The two companies signed a strategic cooperation agreement in Mombasa last week, sealing a deal to cover Kenya, Uganda, Rwanda, Burundi, South Sudan, Zambia and Malawi. The trade pact was signed by Guangzhou’s Zhang Benhua and Yong Wang, PIL East Africa representative Nandar Warrier, and Kenya Shipping Agency Association CEO Juma Tellah.

Thursday, 09 February 2017

President Uhuru Kenyatta and Indian Prime Minister Narendra Modi signed and exchanged a bilateral agreement to loan US$100mn to Kenya to assist with agricultural mechanisation in the East African nation . Uhuru Kenyatta and Narendra Modi signed a credit deal to fund Kenya's aim to mechanise its agricultural sector. The deal was signed in New Dheli on 11 January. Kenya is hoping to increase the number and the value of its exports to India by shifting its export base from agriculture and mineral based products to value added manufacturing products.

Monday, 23 January 2017

Kenyan start-up, Wanda Organic has signed a deal with two global firms from the Philippines to set up an organic fertiliser manufacturing plant in Kenya. The two Philippines-based companies, ELR Family Trading Inc. and Richfund International will oversee the manufacture of Plantmate Bio-Organic Fertiliser in Kenya. "It's commendable to see more young Kenyans venture into agriculture and we are committed to supporting such initiatives" Agriculture Cabinet Secret art Willy Bett noted during the signing agreement on Monday, "the government will continue to support such ventures by the youth."

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