News
South Africa welcomes Fitch's first credit rating upgrade in nearly 21 years
8+ hour, 12+ min ago (324+ words) JOHANNESBURG -- The South African National Treasury has welcomed Fitch Ratings' decision to upgrade the country's long-term foreign and local currency debt ratings. On Friday, Fitch upgraded South Africa's Long-Term Issuer Default Ratings from 'BB-' to 'BB' and maintained a stable…...
Kenya positioned to become hub for Mandarin learning
1+ day, 9+ hour ago (613+ words) Kenyatta University's Confucius Institute has begun developing a master's degree program in Chinese studies as it seeks to position Kenya as a regional hub for Chinese language education amid deepening ties between China and Kenya. The institute's local director, Leonard…...
South Africa looks to bioethanol for energy security
1+ day, 13+ hour ago (328+ words) South Africa is ready to produce bioethanol from sorghum to reduce reliance on imported fossil fuels and cushion geopolitical risks, officials and business leaders say. Josie Rowe-Setz, managing director of Blueprint Holdings, a company focused on the southern African market,…...
Nation's trade approach aligns with actual needs of Africa
1+ day, 13+ hour ago (589+ words) A growing conversation is unfolding across Africa about the differing approaches of major powers in engaging with the continent, and the fundamental goals behind those engagements. A clear contrast emerges when comparing China's new zero-tariff policy for African countries that…...
Zero-tariff policy boosts export power
3+ day, 13+ hour ago (562+ words) China's zero-tariff policy toward African countries marks a shift that goes beyond traditional trade considerations, reshaping global economic relations through deeper integration and stronger links to international value chains, Egyptian analysts say. With China-Africa trade exceeding $348 billion last year, the…...
Swire Coca-Cola opens two new plants
1+ week, 1+ day ago (321+ words) GUANGZHOU " Swire Coca-Cola's green and high-tech production base in the Guangdong-Hong Kong-Macao Greater Bay Area officially opened in Guangzhou, capital of South China's Guangdong province on Wednesday. With an estimated investment of 1. 25 billion yuan ($184. 37 million) and a floor area of…...
Key platforms in place to boost industrial ties among BRICS members
1+ week, 2+ day ago (470+ words) The two-day 2026 BRICS Forum on Partnership on New Industrial Revolution opened on Wednesday in Xiamen, Fujian province, marking the launch of an international cooperation initiative on intelligent manufacturing and a new partnership city network to boost cooperation. Concurrently, the China-initiated…...
Unity celebrated amid fresh concerns over xenophobia
1+ week, 3+ day ago (369+ words) JOHANNESBURG " South Africa on Monday marked Africa Day amid renewed concerns over xenophobia, as the government called for African unity and condemned violence against foreign nationals. Speaking at celebrations held at Moruleng Stadium in North West Province, Minister of Sport,…...
Chinese EVs drive energy transition for Ethiopians
2+ week, 15+ hour ago (570+ words) Drivers in Addis Ababa, Ethiopia, are increasingly lining up not at fuel stations, but at electric charging points, as rising transport costs and shifting consumer habits reshape how the city moves. What was once an occasional sight has become more…...
China-Africa corridor enters new era of industrial, green cooperation
2+ week, 1+ day ago (499+ words) The China-Africa corridor is emerging as one of the world's most important economic partnerships as cooperation shifts beyond traditional resource trade toward industrial development, green investment and deeper supply-chain integration, business and financial leaders said at a forum in Beijing....