Why China’s audacious building plans could be a major strain on African economies

A delicate building balance. Shutterstock

Ricardo Reboredo (TC) : It has been described by Chinese president Xi Jinping as the “project of the century”. And the One Belt One Road (OBOR) initiative is certainly ambitious. A massive infrastructural development program that will potentially span 60 countries, and cost an estimated US$5 trillion, it will mean building new rail networks, roadways, More...

by nsnbc | Published 1 month ago
Mozambique_Offshore gas_(archives)
By nsnbc On Saturday, September 2nd, 2017
0 Comments

Coral South LNG project expected to yield US$16 billion over 30 years

nsnbc : Mozambique expects to raise US$16 billion in revenues from the South Coral liquefied natural gas project in the province of Cabo Delgado said Fabio Castiglioni, director general of the Italian oil company More...

NKorean_Moscow_Russia_DPRK_Korea
By nsnbc On Monday, August 28th, 2017
0 Comments

NKOREAN tour agency in Moscow turns out to be Russian – maybe

nsnbc : The NKOREAN tour agency branch based in Moscow and reportedly licensed by the North Korean government in Pyongyang turned out to be Russian – probably. On Friday Irina Tyurina, spokeswoman of the Russian More...

Photo courtesy BelTa
By nsnbc On Wednesday, August 23rd, 2017
0 Comments

Academy of Sciences presents first Belarusian electric car

nsnbc : The National Academy of Sciences of Belarus (NASB) has presented the first Belarusian electric car. The event took place at the national proving ground for mobile vehicles of the NASB’s Mechanical More...

Mærsk oil and gas sold to Total_France_Denmark_2017
By nsnbc On Tuesday, August 22nd, 2017
0 Comments

Total buys Maersk in 5.7 billion pounds deal

nsnbc : French energy giant Total, on Monday, announced that is was buying Danish Mærsk’s oil and gas business as part of a $7.45 billion (5.7 billion pounds) deal. With the oil market showing signs of recovery, More...

Sovereign Fund to fire up Mozambican development and national wealth?
By nsnbc On Monday, August 21st, 2017
0 Comments

Mozambican government mulls Sovereign Fund for development projects – again

nsnbc : The government of Mozambique will soon – after some delay – establish a sovereign fund to build reserves to finance national development projects. Sovereign Fund to fire up Mozambican development More...

VietJet_(archives)_Vietnam_2017
By nsnbc On Sunday, August 20th, 2017
0 Comments

Vietnamese trade delegation with major corporate players visits Japan

nsnbc : A Vietnamese trade delegation, set to visit Japan from August 21 – 24, led by Minister of Finance Dinh Tien Dung will include a number of heavyweight corporates hoping to find Japanese partners to More...

Mozambican government and multinationals promise to involve local communities.
By nsnbc On Sunday, August 13th, 2017
0 Comments

Mozambique moves forward with Eni and Anadarko as partners in natural gas exploration

nsnbc : As expected, the government of Mozambique and operators Eni and Anadarko signed concession contracts for the Liquefied Natural Gas Maritime Terminal in Areas 1 and 4 of the Rovuma Basin in the north of the More...

VietJet_Wikimedia commons_2017
By nsnbc On Thursday, August 10th, 2017
0 Comments

VietJet to launch direct flights between Hanoi and Kaohsiung in southern Taiwan

nsnbc : The Vietnamese budget carrier VietJet Air announced on Thursday that it will start offering direct flights between Hanoi and Kaohsiung in southern Taiwan, starting on Oct. 29 to meet increased demand. The More...

Sovereign Fund to fire up Mozambican development and national wealth?
By nsnbc On Thursday, August 10th, 2017
0 Comments

Mozambican government, ENI, and Anadarko to sign contract on LNG Maritime Terminal

nsnbc : The government of Mozambique and multinational partners ENI and Anadarko are set to sign the concession contract for the Liquefied Natural Gas (LNG) Maritime Terminal in Area 1 and Area 4 of the Rovuma More...