China's Belt and Road project runs into debt jam

Chinese President Xi Jinping

The two-day summit, that has attracted dozens of African heads of State and government, is to discuss strategic partnership cooperation with China in areas of trade, infrastructure, economic development and energy.

While Beijing-backed investment has provided African governments much-needed infrastructure without the West's political and fiscal demands, it has also generated complaints about China's preference for loans and reluctance to use local labour.

According to a statement issued by the President's spokesman, Femi Adesina, the President will deliver his remarks as the current chair of ECOWAS at the "High-level Dialogue between Chinese and African leaders, business representatives and African entrepreneurs".

While in China, Buhari is expected to attend the 7th summit of the Forum on China-Africa Cooperation scheduled to hold from September 3 to September 4 in Beijing.

It is the most significant contributor to high debt risks in three African countries, Congo Republic, Djibouti, and Zambia, CARI said this week.

Roxanne Pallett has left 'Celebrity Big Brother'
She re-enacted what she believed happened and then said: "This is why women don't say anything because it gets turned around". It was announced today that Roxanne had quit Celebrity Big Brother in the wake of her 'altercation' with Ryan Thomas .

The cost of a China-Laos railway project - US$6.7 billion - represents nearly half of the Southeast Asian country's GDP, the study said. The action plan focuses on issues of political, economic, cultural, media and global cooperation among a host of others between China and Africa.

"It's unreasonable that money coming out of Western countries is praised as good and sweet, while coming out of China it's sinister and a trap", she said.

Beijing's relations with African nations has been generally positive, but the impact of some of China's deals in the region has raised concerns.

The documents are expected to build on the outcomes of the Johannesburg summit, during which Xi announced 10 major cooperation plans to promote industrialisation and agricultural modernisation in Africa.

Beijing is increasingly facing criticism over its debt-heavy projects overseas.

INTERNATIONAL - California lawmakers pass toughest net neutrality law
If things go that far, it's expected to set up a legal challenge by the Republican-led Federal Communications Commission (FCC ). The federal government could sue the state of California over the law, leading to an eventual showdown in the Supreme Court.

Zimbabwe and China have excellent bilateral relations anchored in a shared history and friendship that dates back to the days of the liberation struggle and President Mnangagwa's second visit to China since his ascendency in November previous year is expected to inject new vitality and renew the call for a shared future with the Asian country. South Africa is the top destination of Chinese investment in Africa, with investments of more than $25bn in accumulative terms having accrued by June 2017.

African presidents in attendance include South Africa's Cyril Ramaphosa, Egypt's Abdel Fattah al-Sisi, Zambia's Edgar Lungu and Gabon's Ali Bongo.

"I would expect African leaders to put on the table the opportunity that arises from building the African continent's manufacturing capability in a way that is in the best interests of the African continent but benefits china as well", Tshabalala said Saturday.

In 2017 when Tunisia began to offer visa-free entry to Chinese tourists, their number skyrocketed to around 20,000 that year, 12,000 more than that in 2016, Dhia Khaled, Tunisian ambassador to China, told Xinhua recently.

Besides energy, Zimbabwe and China are cooperating in various other sectors.

TPG Telecom, Vodafone Hutchison Australia in $11 bn merger
It is expected the merger will complete in 2019, subject to regulatory and shareholder approval. Berroeta will be chief executive of the merged business, while Teoh will be chairman.

Related news:

Hot News

isis-killer-beheading-video-story-top Nick Saban lashes out at ESPN reporter for QB question
Sep 03, 2018 - 08:58
He completed all four of his passes for 60 yards and a score on the opening drive, and the world saw a new era ushered in for the Crimson Tide quarterback in.

isis-killer-beheading-video-story-top Son avoids military service as Korea win gold at Asian Games
Sep 02, 2018 - 09:29
But without the Korean people behind us we couldn't win this tournament. Heung-Min Son and his South Korea teammates have done it.

isis-killer-beheading-video-story-top Tropical Storm Norman forecast to reach hurricane strength today
Sep 02, 2018 - 09:27
The wave is expected to enter the Atlantic basin on Thursday, with some development possible over the weekend as it moves west. Tropical Storm IdaSeptember 18, 2015 - Tropical Storm Ida forms.September 24, 2015 - Weakens to a tropical depression.

isis-killer-beheading-video-story-top Canada's First Nations Score Victory as Court Rejects Pipeline Expansion
Sep 02, 2018 - 06:44
Canada's Federal Court of Appeal has axed the government's approval to build the $7.4 billion Trans Mountain expansion project. Bobocel says from a Chamber perspective, everyone involved in the project has gone above and beyond what they needed to do.

isis-killer-beheading-video-story-top Who is Bruce Ohr, whose name keeps appearing in Trump’s tweets?
Sep 02, 2018 - 06:27
The FBI had stopped using Steele as a source shortly before the election after he shared information with Mother Jones magazine . Ohr's relationship with his wife and his interactions with Steele tie him loosely to the Russian Federation investigation.

isis-killer-beheading-video-story-top Raiders agree to deal Mack to Bears
Sep 01, 2018 - 17:56
With Gruden open to dealing Mack, there was no way Davis was going to veto him after giving him $100 million to coach the team. In 2016, he earned NFL Defensive Player of the Year honors.

isis-killer-beheading-video-story-top McCain Salute: One Of Nation’s ‘Bravest Souls’ In War, Peace
Sep 01, 2018 - 17:15
Friends, family and former presidents will gather at Washington National Cathedral on Saturday to honor the life of the late Sen. The Saturday gathering comes after thousands of people paid respects to McCain on Friday at the U.S.

isis-killer-beheading-video-story-top Tropical depression no threat to Florida, but rain still in forecast
Sep 01, 2018 - 17:14
The National Hurricane Center forecasts it will nearly certainly become a cyclone but will not affect the USVI. A third tropical wave is forecast, by at least one model, to emerge from the African coast around Sept 7 or 8.

isis-killer-beheading-video-story-top USA stops funding to Palestinian refugee agency due to 'irredeemably flawed operation'
Sep 01, 2018 - 12:00
The United States paid out $60 million to UNRWA in January, withholding another $65 million, from a promised $365 million for the year.

isis-killer-beheading-video-story-top Stars, dignitaries mourn Aretha Franklin at Detroit funeral
Sep 01, 2018 - 08:41
Franklin, in 1991 and civil rights leader Rosa Parks in 2005; and like them, she will be buried in Detroit's Woodlawn Cemetery. In honor of the late performer's life and work, we took a look at some of the numbers surrounding her prolific career.

isis-killer-beheading-video-story-top Aretha Franklin public viewings at Detroit African-American history museum start today
Aug 31, 2018 - 16:15
Owens stressed that the viewing and other events could not happen without a group she calls "Aretha's angels". The funeral will begin at 10 a.m. local time Friday at Greater Grace Temple in the late singer's hometown.

isis-killer-beheading-video-story-top Rangers boss Steven Gerrard confirms imminent Joe Worrall loan arrival
Aug 31, 2018 - 14:32
Some sections of the Ibrox side were slightly anxious about the youngster's quality, but their opinions have quickly changed. I'll speak more to him on Friday about where it's at.

isis-killer-beheading-video-story-top All Apple Watch Nike+ Series 3 models are now 20% off
Aug 31, 2018 - 10:00
The names of the new devices are unclear; names from " iPhone X Plus" to "iPhone 11" and even "iPhone 9" have been floated. We'll have finalized details in just a couple of weeks, as Apple's press conference is set to take place on September 12.

isis-killer-beheading-video-story-top Mystery Woman in Shackles Seen Ringing Neighbors' Doorbells - Dark Truth Emerges
Aug 31, 2018 - 06:16
Authorities have conducted a door-to-door search of local homes and businesses and circulated images of the woman on social media. The grainy video, captured around 3:20 a.m. on Friday, shows a woman walking up to a house and ringing the doorbell.

isis-killer-beheading-video-story-top Apple to Launch Latest Batch of Updated iPhones
Aug 31, 2018 - 06:13
Apple is planning dual-SIM card slots for the two larger phones in at least some regions, people with knowledge of the plans said. Gene Munster, a seasoned Apple analyst and partner of Loup Ventures, said that the new iPhones will help Apple get back on track.