The Kariba South Power Station in Zimbabwe, received US$80 million from China’s Export-Import Bank (Exlm) which is the first payment made from the total US$354 million to extend the station, reported Ventures Africa. The 40 month expansion plan will be implemented by the partnership of Chinese company Sino Hydro and the Zimbabwe Power Company where […]
Private sector engagement is key to accelerating development in the world’s 32 landlocked developing countries (LLDCs), said delegates attending an event in the margins of the Second United Nations Conference on LLDCs, currently underway in Vienna, Austria. In his opening remarks to the Business and Investment Forum, Secretary-General of the Conference, Gyan Chandra Acharya, said […]
Some of the world’s largest asset management and private equity firms have joined together in a new initiative which may help to unlock billions of dollars for private investment in infrastructure in the developing world. The new initiative, called the Global Infrastructure Facility (GIF), comes in the wake of recent data showing that private infrastructure […]
Chinese President Xi Jinping said Wednesday the prospect for Asian countries’ cooperation is promising and a growing China will make bigger contribution to Asian development. Xi made the comments in a meeting with the members of the board of directors of the Boao Forum for Asia(BFA), who gathered in Beijing for a working conference. Xi […]
China and 20 other countries signed a memorandum on Friday agreeing to create an international development bank that Beijing hopes will rival organizations like the World Bank. But some leading Asian countries refrained from joining the project, which the United States has been quietly lobbying against. Japan, Australia, South Korea and Indonesia were not represented […]
Nigeria is the most populous country in Africa and has just become the largest economy on the continent. It should be standing at the brink of greatness, not only for its own citizens but also for the region and the world. Yet Nigeria has seen growing poverty in recent decades, violence in various parts of […]
The WTO has played a key role in helping countries adjust to four recent trends that have considerably altered the relationship between trade and development, according to the latest edition of the WTO’s flagship publication released on 20 October 2014 in Geneva. Director-General Roberto Azevêdo, in marking the launch of the report, said that “the […]
