Ghana signed nearly $13 billion worth of loan deals with Chinese investors to fund energy, agriculture and transport development in the West African state, the government said on Wednesday.
The deals would together be one of China's largest financial commitments to Africa, but drew scepticism from analysts who said loans of that size could risk violating Ghana's commitments to the International Monetary Fund. read more...
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Wednesday, September 22, 2010
Tuesday, July 6, 2010
China to build $8bn oil refinery in Nigeria
It will be the first of three refineries under a deal signed in May between Nigeria's state oil company, NNPC, and the China State Construction Engineering Corporation (CSCEC).
The refinery will be built in the Lekki free trade zone of Lagos, Nigeria's biggest city.
The Chinese will cover 80% of the cost, and NNPC 20%, while the state of Lagos will provide land and infrastructure. read more
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