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The African Union has adopted the massive Lamu Port Southern Sudan-Ethiopia Transport Corridor project, which seeks to connect Kenya's Lamu Port on the Indian Ocean to the Cameroonian port of Douala on the Atlantic Ocean, The East African reported Jan. 19.
A mining deal between the Tanzanian government and Canadian mining firm Barrick has come under doubt as their agreement remains unratified while the government has said it may seek to renegotiate the deal, The East African reported Jan. 20.
China’s growing regional dominance is driving India to bolster its own economic, security and political ties in Southeast Asia. But unlike Beijing, New Delhi lacks the deep pockets or military might to pursue its “Act East” agenda alone.
The Indian government is reportedly considering a proposal to offer incentives, including subsidized loans, to suppliers of Amazon and Samsung to establish factories in the country so as to support New Delhi's "Make in India" campaign, Bloomberg reported Jan. 15.
The German government has reached a deal with coal-producing regions to phase out coal power by 2038 in exchange for 40 billion euros ($44.6 billion) in compensation, Suddeutsche Zeitung reported Jan. 16.