Sunday , 28 November 2021
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Investment

500.com Limited Announces Strategic Investment in Qufan

500.com Limited (NYSE: WBAI) (“500.com” or the “Company”), a leading online sports lottery service provider in China, today announced that it has agreed to invest in Qufan Internet Technology Inc. and Shenzhen Qufan Internet Technology Co., Ltd. (together “Qufan”), an operator of mobile social poker games. 500.com is investing in ordinary shares representing 51.0% of equity interest in each of …

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World Bank and China Scale Up Support for Africa

The World Bank Group is strengthening its partnership with China in support of African development through two major initiatives launched during the second “Investing in Africa Forum (IAF)”, a two-day international forum aimed at boosting investment across Sub-Saharan Africa. The Forum was held in Guangzhou, China, a region home to a large African business community. On September 7th, on the …

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Digital Domain Introduces CITIC Limited and SoftBank China Venture Capital as Strategic Investors

Continued Expansion Globally in Media and Entertainment Business. Digital Domain Holdings Limited (the “Company” or “Digital Domain”; SEHK stock code: 547), creator and proprietor of visual effects content and the parent company of the award-winning visual effects company Digital Domain 3.0, announced that the Company has introduced CITIC Limited (“CITIC”) and SoftBank China Venture Capital (“SBCVC”) as strategic investors of …

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Second Investing in Africa Forum Begins

Investing in Africa Forum is undeniably one of the most effective events of the year for Chinese-African business discussions. The event has already seen 2.5 billion US dollars in deals and now the second Investing in Africa Forum has just begun in the southern city of Guangzhou. The Investing in Africa Forum will see around 300 government officials, entrepreneur’s and …

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China’s Prescription for Africa

Since the G20 summit, world leaders, international institutions and company representatives attending the 2nd “Investing in Africa Forum” have announced that they are searching for innovative ways to “rejuvenate economic growth” which corresponds with China’s “prescription” for the world. Haleh Bridi, director of external communications and partnerships at the World Bank Africa region stated during his speech at the forum …

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President Zuma arrives in China for Investing in Africa Forum

President Jacob Zuma and his delegates arrived at Guangdong Province, People’s Republic of China on Monday awaiting the second Investing in Africa Forum (IFA) set to be held on Wednesday and Thursday this week. The IAF set to take place this week was introduced thanks to a collaboration between the China Development Bank and the Chinese Government in 2015. The …

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Why Tanzania is the perfect place for Chinese investment, Explains Prime Minister

On Wednesday Tanzanian Prime Minister, Kassim Majaliwa took a trip to Tooku Garments Company Limited, to assess the company’s home ground. The company is based at Benjamin William Mkapa special economic zone in Dar es Salaam. During his visit the Prime Minister made some remarks regarding the encouragement of more Chinese enterprises to invest and set up themselves up in …

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Kenya-China joint Sh4 billion partnership

The Government of Kenya and China Road & Bridges Corporations (CRBC) and China Communications and Construction Company (CCCC) have combined a sum of Sh2 billion for the manufacturing of a modern railway training school and a brand new engineering school. The project comes as Kenya prepares for the launch of the Sh327 billion Standard Gauge Railway (SGR) next year. The …

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China’s ‘10 major plans’ project indicates global investment for Africa

The China-Africa summit saw China’s President, Xi Jinping reveal ‘10 major plans’ to enhance the already established bilateral relations and close friendship China have with Africa. Not only was this enhancement a milestone for the pair but it was also a clear indicator that investments in the continent are becoming frequently more appealing. Sindiso Ngwenya, Secretary General of the Common …

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CHINA INVEST $46 MILLION FOR ZIMBABWE’S NEW PARLIAMENT BUILDING

At a meeting with Zimbabwean investment minister, Obert Mpofu, China committed to funding $46 million towards the construction of a new building in Mount Hampden, about 11 miles away from the capital Harare for the Zimbabwean parliament. The funds account for the first portion towards the construction of the building. China and Zimbabwe’s close friendship extends over many years and …

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