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

Related Content

  • New Zealand road plans agreed
    May 25, 2022
    New Zealand has set out plans for road and cycleway development.
    Read More
  • Moldova is investing in upgrading highway links
    September 11, 2013
    A €150 million budget has been set aside by the Moldavian Ministry of Transport and Road Infrastructure for upgrades to 200km of the country’s major highway links. The funding is coming in the shape of a loan from the European Bank for Reconstruction and Development (EBRD). In addition the US Government’s Millennium Challenge Corporation (MCC) is investing a further US$132 million in its Moldovan Compact agreement. The EBRD loan will be used to improve sections of the R33 Hincesti-Lapusna-M1 road to the Rom
    Read More
  • Loans approved for Mali road development
    April 3, 2020
    Loans have been approved for road development work in Mali.
    Read More
  • Chinese firms building Ethiopia route
    September 9, 2013
    Two Chinese firms are building a new road connection in East African nation Ethiopia. The 133km road will run from Mille to Kombolcha, through Bati. Shandong Highway is working on a 73km stretch of the route from Milla to Burka, while Zhongmei Engineering has the deal for the 60 stretch of road from Burka to Kombolcha. The project is being carried out for the Ethiopian Government and is being handled by the Ethiopian Roads Authority (ERA). Indian firm International Consultants & Technocrats (ICT) has a US$1
    Read More

Highlighted Content