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Week commencing 26 June 2017
Ghana has signed an agreement with China that may culminate in the development of a $10bn bauxite venture that will include the construction of alumina refineries and railway infrastructure. The two countries agreed to a memorandum of understanding in which China will provide funding for the project to exploit the West African nation’s 960-million metric tons of bauxite deposits, which will generate an export value of around $460bn once refined.
Bloomberg 28 June
China Road and Bridge Corporation has been awarded a contract to conduct feasibility studies to expand the standard gauge railway to Jomo Kenyatta International Airport and the city centre. The studies will set the stage for a fresh financing round of the rail airport link.
Business Daily Africa 27 June
Construction firm KNAUF Gypsum is planning to invest more than $15m in Tanzania in the next few years. The company, which started operating in Tanzania three years ago, has already invested close to $10m into its gypsum operations. Most of its raw materials are acquired locally and the gypsum stone will be mined in the south of Tanzania.
Daily News 28 June
Arvind Envisol has set up a Zero Liquid Discharge water treatment plant at Hawassa Industrial Park. The plant, one of the largest in Africa, has a capacity of treating 11-million litres of waste water a day. With plans to develop 10 mega industrial parks, the government of Ethiopia has decided to use waste treatment technology – zero liquid discharge technology (ZLD) – in the new industrial parks. ZLD will ensure the industrial parks use a minimum amount of ground water with no liquid discharge outside the park.
New Business Ethiopia 26 June
Standard Bank has established dedicated banking centres to link African and Chinese clients with China’s highly networked digital banking and customer knowledge systems. The service is strategically placed leveraging off its industrial Commercial Bank of China ties.
Zambia Business Times 29 June