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A service for global professionals · Monday, January 21, 2019 · 474,204,902 Articles · 3+ Million Readers
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China Export-Import Bank News Monitoring Service

  • Published on Jan 19, 2019

    Egypt secures $1.2 billion from China EximBank for light rail to new capital - Moneycontrol.com

    Egypt has agreed a $1.2 billion deal with the Export-Import Bank of China (EximBank) to finance a light rail system from an industrial city on the outskirts of Cairo to a new capital it is building, the transportation minister said. The loan has a 1.8 …

    Source: Shanghai News
  • Published on Jan 16, 2019

    Egypt signs $1.2bn worth agreement with Exim Bank of China to finance 1st electric train

    An agreement was signed on Wednesday between the Chairperson of the National Authority for Tunnels (NAT), Ahmed Fouda, and the Vice Chairperson of the Export-Import Bank of China (Exim Bank), Chi Ping, to provide a facilitated loan of $1.2bn for the …

    Source: Daily News Egypt
  • Published on Jan 16, 2019

    Egypt secures $1.2 bln from Exim Bank of China for light rail to new capital -minister

    CAIRO, Jan 16 (Reuters) - Egypt agreed a $1.2 billion deal with the Export-Import Bank of China (EximBank) to finance a light rail system from an industrial city on the outskirts of Cairo to a new capital it is building, the transportation minister said. …

    Source: Shanghai News
  • Published on Jan 18, 2019

    SGR Pact With China A Risk To Kenyan Sovereignty

    This week, State House spokesperson Kanze Dena, in response to our enquiries, said the contract “can be released anytime, even this week”. IMMUNITY However, the signed SGR deal seen by the Sunday Nation suggests the risks go beyond the port. “Neither the …

    Source: Africa
  • Published on Jan 18, 2019

    Egypt borrows $1.2bn from China to fund electric train project - Middle East Monitor

    Egypt has signed a $1.2 billion loan agreement with the Export-Import Bank of China (EximBank) to finance an electric railway project, the country’s transport minister, Hesham Arafat, announced yesterday. Speaking at the deal’s signing ceremony, Arafat’s …

    Source: Shanghai News
  • Published on Jan 18, 2019

    UPDATE 1-Egypt secures $1.2 bln from China EximBank for light rail to new capital -minister

    (Adds detail, background) CAIRO, Jan 16 (Reuters) - Egypt has agreed a $1.2 billion deal with the Export-Import Bank of China (EximBank) to finance a light rail system from an industrial city on the outskirts of Cairo to a new capital it is building, the …

    Source: Shanghai News
  • Published on Jan 17, 2019

    Habazooka Puts Chinese Reflections on Global Platform

    Economics Association of Zambia (EAZ) President Lubinda Habazooka’s thoughts on Chinese investments in Zambia was Bloomberg News Business’s Editorial pick. We reproduce the article below given the unrelenting discourse around China and its investments: …

    Source: Zambia Reports
  • Published on Jan 17, 2019

    Habazooka Puts Chinese Reflections on Global Platform | Zambia Reports

    Economics Association of Zambia (EAZ) President Lubinda Habazooka’s thoughts on Chinese investments in Zambia was Bloomberg News Business’s Editorial pick. We reproduce the article below given the unrelenting discourse around China and its investments: …

    Source: Beijing News
  • Published on Jan 17, 2019

    Egypt borrows $1.2bn from China to fund electric train project

    Egypt has signed a $1.2 billion loan agreement with the Export-Import Bank of China (EximBank) to finance an electric railway project, the country’s transport minister, Hesham Arafat, announced yesterday. Speaking at the deal’s signing ceremony, Arafat’s …

    Source: Middle East Monitor
  • Published on Jan 20, 2019

    PRA serves notices on two depts for not paying Rs20bn sales tax

    LAHORE: The Punjab Revenue Authority (PRA) has issued show-cause notices to the Punjab Mass Transit Authority (PMTA) and the Lahore Development Authority (LDA) for not depositing about Rs20.2 billion sales tax from May 2016 to June 2018. The Punjab Mass …

    Source: The Dawn
  • Published on Jan 15, 2019

    Kenyan Government Faces Backlash After Chinese Contract Leaks

    The Kenyan government is struggling to respond to revelations that a multi-billion dollar contract with China may imperil its sovereignty, according to The Daily Nation newspaper. Details of the loan for the Standard Gauge Railway, Kenya’s largest …

    Source: Magazetini
  • Published on Jan 15, 2019

    Uganda to commission Chinese constructed power plant

    Uganda Electricity Generation Company Limited (UEGCL) said in a statement that current physical progress of the 183 Megawatt Isimba power plant is estimated at 98.5 percent. "For sure, the progress of the Isimba HPP (Hydropower Plant) is incredible,…

    Source: AngolaPress
  • Published on Jan 14, 2019

    Uganda's Auditor General warns country risks losing state assets to China over unpaid debt

    A few weeks after a leaked report by the Auditor General Edward Ouko revealed Kenya could lose the Port of Mombasa to China over unpaid debts, similar concerns have been raised in Uganda. Uganda's Auditor General John Muwanga raised the red flag …

    Source: Shanghai News
  • Published on Jan 14, 2019

    Why higher SGR tariffs could hit Chinese loan repayments

    Monday, January 14, 2019 16:44 By GERALD ANDAE The Kenya Railways commercial cargo train. FILE PHOTO | NMG  Higher tariffs on cargo transport by the standard gauge railway are likely to have a negative impact on repayment of Chinese loan as road carriage …

    Source: Business Daily
  • Published on Jan 14, 2019

    Port safe from Chinese, govt officials tell EA Community

    By WINNIE ATIENO More by this Author Two Kenyan government officials have assured the East African community that the port is safe, following revelations of the terms under which the Chinese government gave a loan for the standard gauge railway. Partner …

    Source: Nation
  • Published on Jan 14, 2019

    Statehouse in Panic as China sends signals of taking over Mombasa Port over SGR Loan, Murathe drama was cover up

    It turns out David Murathe’s reported drama and chaos is Jubilee was a carefully choreographed to cover up the imminent take over of key strategic assets bu China over the SGR loan. Statehouse officials fuelled the Jubilee wrangles drama to divert …

    Source: Kenya Today
  • Published on Jan 13, 2019

    Revealed: Hidden traps in SGR deal with China - Daily Nation

    By EDWIN OKOTH More by this Author Kenya’s key strategic assets at home and abroad will not be protected by “sovereignty” and risk being seized by the Chinese government should there be a default in repaying the Standard Gauge Railway loan, a copy of the …

    Source: Shanghai News
  • Published on Jan 13, 2019

    WARIGI: Report about Kenyas exposure on Chinese SGR loan alarming - Daily Nation

    By GITAU WARIGI More by this Author Please, please the Government of Kenya, somebody, anybody, tell us — we Kenyans — that what we are hearing is not true. Tell us whether indeed our Mombasa port has been leveraged for the Sh294 billion China loaned us for …

    Source: Beijing News
  • Published on Jan 13, 2019

    Revealed: Hidden traps in Kenya SGR deal with China

    By DAILY NATION More by this Author Kenya’s key strategic assets at home and abroad will not be protected by “sovereignty” and risk being seized by the Chinese government should there be a default in repaying the Standard Gauge Railway loan, a copy of the …

    Source: The East African
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