The Bank of China has increased its activities in Uganda by establishing a partnership with a local bank and has plans in place to open up special desks in the country to deal with traders going to China
Finance
Chinese car manufacturer to set up new plant in Ethiopia
![Lifan Industry Group has revealed plans to expand its business in Ethiopia. (Image source: papurojugarpool/Flickr)](/images/lifan__papurojugarpool.jpg)
Lifan Industry Group has revealed plans to expand its business in Ethiopia. (Image source: papurojugarpool/Flickr)
Chinese automaker Lifan Industry Group has revealed plans to spend US$3.5mn to set up a new vehicle-assembly plant in Ethiopia next year
Nigerian unit of Lafarge to increase production
![The production capacity of the Ashaka Cement plant will be nearly trebled with the implementation of the production expansion plans. (Image source: bulliver/Flickr)](/images/lafarge__bulliver.jpg)
The production capacity of the Ashaka Cement plant will be nearly trebled with the implementation of the production expansion plans. (Image source: bulliver/Flickr)
Board members of Ashaka Cement, the Nigerian unit of Lafarge SA, has revealed plans to expand production capacity of the company
Oando to acquire Nigerian business of ConocoPhillips
Nigerian energy group Oando has announced that its affiliate Oando Energy Resources (OER) has entered into a deal with ConocoPhillips (COP) to acquire COP’s Nigerian business interests
GE to invest in Rwandan economy
General Electronics (GE) has revealed its plan to invest in the Rwandan energy, oil exploration and healthcare sectors