Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

China gives DRCongo nearly 8 mln dlr donation

KINSHASA, Jan 13, 2011 – China has granted the Democratic Republic of Congo around eight million dollars in aid with "no strings attached" during a visit by Chinese vice premier Hui Liangyu, a diplomatic source said Wednesday.

The two countries signed "two draft agreements of which one is a donation worth 50 million yuan (7.6 million dollars) with nothing in return," said a communique from the Congolese prime minister\’s office.

China will also provide medical equipment and material, it said.

"China is determined to deepen its friendship with the DR Congo," Hui was cited in the text as saying.

Kinshasa signed a controversial, and later revised, agreement with three Chinese companies in 2007 over a Chinese loan worth six billion dollars, partially refundable in mining claims.

The agreement included the construction or repair of thousands of kilometres of roads and railways, two dams, several hospitals, as well as housing and schools across a country ravaged by years of war.

Following Mauritius, Zambia and the DR Congo, the Chinese vice premier will visit Cameroon and Senegal before wrapping up his tour on on January 19.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...