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Archaeologists from Egypt and China have uncovered a remarkably preserved ancient sacred lake at the Montu Temple precinct inside Luxor’s Karnak Temple Complex, revealing a rare new chapter in Egypt’s religious past. The newly found man-made reservoir, which had not been recorded in early archaeological records, sits near the Temple of Maat and forms a […]
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China’s lending to Africa fell sharply to $2.1 billion in 2024, nearly half the previous year’s level and a fraction of its $28.8 billion peak in 2016, signaling a clear shift in Beijing’s strategy. New data from Boston University show China moving away from debt-heavy megaprojects toward smaller, commercially viable investments that carry lower risk. […]
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South African President Cyril Ramaphosa has revealed that his government expressed concerns to China over Iran’s participation in recent naval exercises hosted in South African waters. Ramaphosa said Pretoria was merely the host, stressing that China organized the exercises and extended invitations, including to Iran. He revealed that South Africa urged Beijing to reconsider Iran’s […]
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The Democratic Republic of Congo (DRC) remains pivotal to the global cobalt supply, with two-thirds of the world’s cobalt coming from the mines of the Central African nation. However, much of the DRC’s cobalt output is exported to China, which controls 75% of the global cobalt processing industry. Cobalt, a critical material for making batteries, […]
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This article was first published on CNBC Africa. Over the last 20 years, China has become sub-Saharan Africa’s largest bilateral trading partner. Around 20% of the region’s exports now go to China and about 16% of Africa’s imports come from China, according to the International Monetary Fund (IMF). This amounted to a record $282 billion in total trade volume […]
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A new report by the Economist Intelligence Unit (EIU) examines how geopolitical risk and international tensions will change in the Middle East as long-term US interests in the region decline. As US leadership gradually fades, China’s neutrality in the Middle East and North Africa (MENA) and economic power make it the best-positioned external power to […]
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“You don’t negotiate with China !” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that the money might go somewhere else instead. China is the leading infrastructure finance provider on […]
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Chinese firms in Africa could reach revenues of $440 billion in 2025 by aggressively expanding in both existing and new sectors on the continent. This forms part of the findings of McKinsey & Company’s latest report, “Dance of the Lions and Dragons,” in which the global consulting firm takes a closer look at the Africa-China […]
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