China to Assist with Transition of Power Grids in Africa and Central America to Renewable Energy

On April 12, the state-owned State Grid Corporation of China (SGCC) signed a memorandum of understanding (MoU) with the International Renewable Energy Agency (IRENA), whereby the two entities agreed to cooperate in the transitioning of national and regional power sectors to sustainable energy both in China and in IRENA’s “Clean Energy Corridor” regions abroad. These regions presently include Africa and Central America, aligning with the ...

China to Rehabilitate Major Port in the DRC: Reviving Trade Hub, Enhancing Mineral Export Infrastructure and Renovating Military Outpost

On April 1, state-owned China Gezhouba Group Company (CGGC) signed a $127 million contract with the Democratic Republic of Congo (DRC) to rehabilitate and modernize the Port of Kalemie. Situated on Lake Tanganyika, the port city also serves as the Tanganyika province's capital and connects to other economic centers in the DRC, such as Lubumbashi and Bukavu, via road and rail networks.

Construction to Commence on $3.3 Billion Deep-Water Port in Algeria, Backed by Chinese Financing and Chinese State-Owned Contractors

On March 22, it was reported that construction of Algeria’s new China-backed $3.3 billion commercial deep-water seaport would begin in May 2021 and take four years to complete. The new port, which will be situated near the town of Cherchell, is being constructed by a Chinese-Algerian consortium of companies that include state-owned China Harbour Engineering Corporation (CHEC), China State Construction Engineering Corporation (CSEC), and ...