Dar es Salaam — A planned $10bn port project in Tanzania backed by China has hit an impasse, with the two sides disagreeing on terms of the infrastructure investment, a senior Tanzanian port official said on Wednesday.
China Merchants said in an e-mailed statement that many years of negotiations with the Tanzanian side had failed to result in a legally binding agreement. China looks at the viability of projects with their African partners to ensure their sustainability, he added.
Africa is for sale again
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei ban clouds US-China trade talks, tech sectorThe US crackdown, announced on Wednesday, was the latest shot fired in a US-China trade war that is rattling financial markets and threatening to derail a slowing global economy.
Source: ewnupdates - 🏆 30. / 53 Read more »
Adidas, Nike, PUMA say new tariffs on China would be 'catastrophic'Adidas, Nike and PUMA on Tuesday urged US President Donald Trump to prevent the shoe industry from falling victim to the trade war with China. Why is it Trump's problem. It is China that wants to control the trade industry in the world. USA is just correcting it ! It’s all out war My thought axatly wen I saw the news, all star will be 1000.
Source: eNCA - 🏆 49. / 51 Read more »
Brian Molefe picked 'unsuitable' China South Rail locomotives for contractThe commission of inquiry into state capture heard from previous witnesses how Gupta-linked companies received significant so-called success fees for sealing Transnet's deal with China South Rail. Lmao maybe you should stop trying to do something environmentally unstable oh poor Brian the people just dont get it when you are buying for an SOE its not about whether said purchase can do the job or not and is suitable or not , its about who pays the biggest kickbacks , Net nogge blêddie skelm cadre!
Source: ewnupdates - 🏆 30. / 53 Read more »
Rand slips as US-China trade war weighs on emerging marketsThe rand was the third-biggest loser among emerging-market currencies, with only the Brazilian real and Argentinian peso doing worse
Source: TimesLIVE - 🏆 28. / 59 Read more »
China arrests former Canadian diplomat and Canadian businessmanThe two are accused of stealing state secrets with their arrest likely linked Canada’s detention of Meng Wanzhou, CFO of Huawei
Source: BDliveSA - 🏆 12. / 63 Read more »
China Swine Fever outbreak sending pork prices higherPork prices have begun to soar, rising by up to 50% both in China and on the Chicago futures exchange. Thandi regrets losing all her pigs now 🤷🏾♀️ chinese year of the pig Ah Parliament back in session!
Source: eNCA - 🏆 49. / 51 Read more »
Gold holds near two-week low as dollar saps its strengthSigns of easing US-China tensions dent demand for bullion
Source: BDliveSA - 🏆 12. / 63 Read more »
Locomotive procurement memo altered to favour China South Rail, Zondo hears | IOL NewsFrancis Callard took the stand and explained how he was tasked with drawing up the business case for Transnet’s procurement ...
Source: IOL - 🏆 46. / 51 Read more »
Rand slips as US-China trade war weighs on emerging marketsThe rand was the third-biggest loser among emerging-market currencies, with only the Brazilian real and Argentinian peso doing worse
Source: BDliveSA - 🏆 12. / 63 Read more »
Business Maverick: These Are the Worst-Case Scenarios for China in the Trade WarChina’s economic growth could tumble, debt surge and foreign companies flee in a deepening trade war, economists warn as a week of escalating tensions forces them to ponder worst-case scenarios.
Source: dailymaverick - 🏆 3. / 84 Read more »
US-China dispute damage may be much worse than investors imagineIf the US government is trying to destroy Huawei and slow the development of 5G networks in China, then the US-China relationship is likely headed to a dark place
Source: BDliveSA - 🏆 12. / 63 Read more »