$4 billion –
The construction of the $4 billion Chinese-funded electric railway, linking Ethiopia’s capital along its main trading route to neighbouring Djibouti, has been completed. The completion of the project comes months after the landlocked Horn of Africa country unveiled a $425 million Chinese-built light railway in the capital Addis Ababa.
$7.6 billion –
The African Development Bank (AfDB) is planning an investors roadshow to attract as much as $7.6 billion in financing the 2,200 km railway linking Tanzania’s port in Dar es Salaam with neighbouring landlocked countries.
More than 120,000 people a year die in Africa as a result of counterfeit anti-malarial drugs alone, says the World Health Organisation (WHO). Drugs were either substandard or simply didn’t contain any active ingredients.
South Africa’s Competition Commission conducted a search and seizure operation yesterday in the Western Cape and Kwazulu-Natal at the premises of six major global container shipping companies, as part of an ongoing investigation into price fixing allegations. The shipping companies are suspected of “collusive practices to fix the incremental rates for the shipment of cargo from Asia to South Africa.” The shipping lines involved in the investigation are Hamburg Sud, Maersk Line, Safmarine, Mediterranean Shipping Company (MSC), Pacific International Line (PIL) and CMA CGM Shipping.
Could Kenya be building another ‘lunatic line’? – (BBC)
Kenya’s full plate of Chinese imports (The Nation)