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Natural disasters caused $175 billion in damage in 2016

These disasters helped push the total damage caused by natural catastrophes to $175 billion in 2016, according to the German reinsurance firm Munich RE. The


Rwanda woos Chinese investors

The Rwandan Embassy in China on Wednesday hosted a one-day Industrial Development Forum to woo Chinese entrepreneurs to Rwanda. The event attracted over 30 major


China central bank, AfDB sign $2 billion co-financing deal for Africa growth fund

May 22 (Reuters) – China’s central bank and the African Development Bank Group on Thursday signed a $2 billion co-financing cooperation agreement for the African


New railway project to turn EAC economic fortunes

President paul Kagame yesterday joined his counterparts Uhuru Kenyatta (Kenya), Yoweri Museveni (Uganda) and Salva Kiir of South Sudan in Nairobi to witness the signing


China group buys $6bn Glencore Peru copper mine

A Chinese consortium is buying Glencore Xstrata’s copper mine in Peru in a $6bn (£3.6bn) all-cash deal, marking one of China’s largest mining acquisitions.The consortium