Chinese firms are proving active in Africa

Chinese firms continue to handle key deals in Africa, with agreements now in place for major projects in both East and West Africa. In Ethiopia, China's MCC 17 Group will handle a US$53 million package of works for the Ethiopian Roads Authority. This deal is for the construction of a 91.6km section of road linking Mizan with Dima. Construction work is due to commence in August 2013 and the new road will connect with Addis Abeba. The road forms part of a 260km link that will connect Mizan to Boma in South Su
July 17, 2013 Read time: 1 min
Chinese firms continue to handle key deals in Africa, with agreements now in place for major projects in both East and West Africa. In Ethiopia, China's MCC 17 Group will handle a US$53 million package of works for the Ethiopian Roads Authority. This deal is for the construction of a 91.6km section of road linking Mizan with Dima. Construction work is due to commence in August 2013 and the new road will connect with Addis Abeba. The road forms part of a 260km link that will connect Mizan to Boma in South Sudan. Meanwhile in Nigeria, Chinese funding in the shape of a $1.1 billion loan will help pay for a series of infrastructure improvements, including roads and airport terminals. This funding will be used in four of Nigeria’s cities.
Finance & Funding

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