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Two-way China-Africa commerce reached $185.2 billion within the first 9 months of the 12 months, in response to new knowledge offered by Chinese language Vice Commerce Minister Qian Keming. At this tempo, the 2 areas will simply surpass final 12 months’s whole of $187 billion. Chinese language funding in Africa throughout the identical interval elevated to $2.59 billion, up 10% in comparison with the identical time final 12 months. General, nevertheless, Africa’s share of China’s whole world commerce and FDI stays comparatively small at lower than 4% for each. (XINHUA)
Passenger site visitors on Kenya’s Normal Gauge Railway has totally recovered and now exceeds pre-pandemic ranges. The Madaraka Categorical between Nairobi and Mombasa carried a mean of 200,000 passengers per 30 days within the January to August interval, a major enhance over 2019’s month-to-month common of134,000, in response to the Kenya Bureau of Statistics. The SGR generated $262 million throughout that interval which can assist to service the loans from the China Exim Financial institution used to construct the railway. (THE STANDARD)
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