Import-Export Bank of China (Eximbank) News

Nairobi to Mombasa high-speed railway opens

Nairobi to Mombasa high-speed railway opens

East Africa is now more accessible than ever. After two years of construction, Kenya’s largest infrastructure project since independence, a $3.8 billion Chinese-built high speed railway, is up and running.

Dar es Salaam, Tanzania

The rise of Africa's megacities

Over the last 35 years, the share of Africa’s population living in urban areas climbed from 27% to 40%.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

Nigerian billionaire Abdulsamad Rabiu, Chairman, BUA Group. Credit: theheraldng.com

Nigerian billionaire Abdulsamad Rabiu in talks with China's Sinoma over $1.9B steel and cement deal

Nigerian billionaire Abdulsamad Rabiu’s conglomerate BUA Group is in talks with China’s Sinoma to build a steel plant in Nigeria and two cement plants in East Africa for $1.9 billion.

Passengers ride Ethiopia's new tramway on September 20, 2015 in Addis Ababa (AFP Photo/Mulugeta Ayene)

Addis Ababa opens first modern tramway in Sub-Saharan Africa

Sub-Saharan Africa’s first modern tramway opened in the Ethiopian capital on Sunday, marking the completion of a massive infrastructure project hailed as a major step in the country’s economic development.

Tony Zhang, Director, Huawei Guinea. Credit: Bloomberg.com/Photographer: Waldo Swiegers

Huawei plans to complete Guinea's $238M fiber optic network in 2017

Huawei Technologies Co. plans to complete a $238 million fiber-optic network in bauxite-rich Guinea in 2017, according to Tony Zhang, the company’s director in the country.

Ethiopia Commodity Exchange (ECX)

Ethiopia Commodity Exchange (ECX) considers adding stock & bond trading

The Ethiopia Commodity Exchange plans to broaden the range of crops it trades and wants to introduce stocks and bonds under a five-year expansion plan, Chief Executive Officer Ermias Eshetu said.

Nairobi city center at night

Kenya gets $700 million 'insurance' financing from IMF, a first for Sub-Saharan Africa frontier markets

The IMF Executive Board approved February 2 a financing package for Kenya of about $700 million that the East African country’s authorities plan to use as insurance against external shocks.

The state-run China Central Television opened CCTV Africa in Nairobi, Kenya, in 2012. Credit: Sven Torfinn for The New York Times

With CCTV, China strives to be on African minds ... and TV sets

While China imposes strict controls on foreign-produced entertainment at home, it is also eager to see its cultural products embraced abroad. And in Africa, Chinese television shows have become immensely popular — at least according to the Chinese state news media.

The Johannesburg Stock Exchange (JSE)

Africa: Now a major player in emerging markets financial services

The Africa Finance & Investment Forum 2014 represented something of a landmark for the oldest continent and its plans for the future. Held in Cologne, it was the first such conference to be held in Germany, Europe’s economic motor and a strategic partner in several African ventures.