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Chinese Construction Company Expected to Complete First Berth of Kenya’s Lamu Port in 2018

Chinese construction firm, China Communication Construction Company (CCCC) is on course to complete the first berth of the Lamu port in mid 2018, Kenyan officials said on Thursday [6 April 2017]. Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor Development Authority Director General Sylvester Kasuku told a media briefing in Nairobi that dredging works began in October 2016

China to Loan Nigeria US$4.5 Billion for Agriculture Projects

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…Full Article: AllAfrica Apr 2017 Key Point The US$4.5 billion loan will have a 20 year repayment term and moratorium of 5

Researchers in Dalian Developing Aquatic Robots to Help Harvest Sea cucumbers, Sea Urchins, and Abalone

A leading Chinese fishery company and the Dalian University of Technology have established a laboratory to develop underwater robots, which are expected to take the place of divers to catch precious seafood. The robots will also likely perform seabed monitoring tasks at fishing grounds in Dalian, Liaoning province…Full Article: ECNS.cn Apr 2017 Key Point The

China Launches 7 New Free Trades Zones Across the Country

Seven new free trade zones (FTZ) began operation across China on April 1, with the aim of further opening up the country and coordinating development between various regions. The new zones are in the provinces of Liaoning, Zhejiang, Henan, Hubei, Sichuan and Shaanxi, as well as in Chongqing municipality, with each area having its own

Law Enforcement Officials in Shenzhen Seize 630 MTs of Smuggled Meat Products from Shipping Vessel

A total of 630 tonnes of frozen chicken feet, chicken wings, pig feet and pork were seized by border police in Shenzhen in south China’s Guangdong Province, said local authorities on Tuesday [11 April 2017]…Full Article: Xinhua Apr 2017 Key Point The smuggled frozen meat was being stored in 24 refrigerators and was valued at

The Dalian Commodity Exchange Launches New Soymeal Futures Options, Sugar Options Expected Next

Dalian Commodity Exchange launched new soymeal futures options on Friday [31 March 2017] – the first commodity options in China – offering one more hedging tool for investors, as well as soybean processing firms. The exchange is also considering launching futures options for more commodities, such as corn and soybeans, according to Wang Fenghai, managing