Search

China to Rehabilitate Tanzania-Zambia Railway in $1 Billion Deal

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus
  •  China signs agreement with Tanzania and Zambia to modernise a key railway link, boosting East Africa’s transport network
  • Move intensifies competition with the West for control of Africa’s critical minerals supply routes

China signed a memorandum of understanding with Tanzania and Zambia for the $1 billion rehabilitation of the railway connecting the two countries. The agreement was signed by Chinese President Xi Jinping, Tanzania’s President Samia Hassan, and Zambia’s President Hakainde Hichilema during a ceremony in Beijing on September 4, as part of the 5th summit of the Forum on China-Africa Cooperation.

You need an active subscription to continue reading this article.

Recent Business

Mobile money transactions. Photo @ Unsplash
Senegal’s new mobile money tax stirs fears over financial inclusion
Read More »
The Tazara Railway. Photo by Katsuma Tanaka @ Unsplash
IMF grants Zambia short extension on bailout programme
Read More »
Islamic Architecture Mosque in Dakar, Senegal. Photo by Yacoub Ethmane @ Pexels
Senegal seeks $3.2bn from diaspora as debt hits 119% of GDP
Read More »

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »

Latest Posts

Latest news insights