The China Communications Construction Company officially launched its 2023-24 ESG report on October 17th 2024 at Silver Springs Hotel in Bugolobi. The event was graced by a number of key guests from the corporate world and Governments of both countries. China at the highest level was represented by his Excellency Ambassador Zhang Li Zhong while Uganda […]
The government of China established the first four “Special Economic Zones” (SEZs) in the 1980s to act as experimental laboratories for designing and testing new policies and approaches to reduce poverty and grow the economy. They are designated areas in China where economic regulations differ from those of the rest of the country so as […]
Have you ever tried gluing two pieces of paper together that are reluctant to stick together, one hesitant to adhere and prefers to do lumps with the stickier paste? Welcome to the world of building agreements where it is not only about making the glue work, but it is equally important that it must last. […]
China is one of the few countries which ruthlessly defined the kind of society they want to have, uninfluenced or forced by foreigners. The creation of a genuinely homegrown social system upon which to build the political economy was the foundation of China’s industrialisation. The first lesson is that each nation needs to define its […]
The Forum on China–Africa Cooperation (FOCAC) is the official multi-lateral cooperation mechanism within the Belt and Road Initiative (BRI) between several African countries and China. Each FOCAC summit usually results in a three-year action plan, with activities agreed on to be implemented bilaterally between China and individual African Countries and with China pledging support for African […]
Dear Editor, on Thursday, September 5, 2024, Chinese President Xi Jinping delivered a 10-minute keynote address at the opening ceremony of the Forum on China-Africa Cooperation (FOCAC) summit in Beijing, China. In the address entitled; “Joining Hands to Advance Modernization and Build a Community with a Shared Future,” President Xi explained that “the friendship between China and Africa transcends […]
Statistics from the UN Habitat 2023 (a UN agency focused on human settlements and urbanization) show that Uganda is among the fastest urbanizing countries at a rate 4.5% per annum. The report predicts that Uganda’s urban population may nearly double by 2030 from what it was in 2010. It is also remarkable that Uganda is […]
From September 4th to 6th the Forum on China-Africa Cooperation (FOCAC) will take place in Beijing. This comes at a very critical time for South South-Cooperation, the world economy has slowed down mainly because of the impacts of the last Pandemic and the ongoing 54 major conflicts around the world that affect Africa and China’s supply chain […]
Current economic estimations project the value of the Artificial Intelligence (AI) industry globally to reach $16 trillion by 2030. It is also approximated that AI, if well harnessed, could grow Africa’s economy by an additional $1.5 trillion. Given that as of June 2024, the estimated nominal GDP of Africa is $3.1 trillion, a 1.5 addition […]
Any country’s development plays out based on its participation in international trade. Countries with higher participation in global trade are comparatively wealthier than those with lower participation. Therefore, for African countries to develop, they must increase their business involvement with other countries on the international market. Several factors determine this. One of those is the […]