Investors bet big on Africa’s logistics potential

Investors bet big on Africa’s logistics potential

By Bonface Orucho, bird story agency Africa's logistics sector is growing into a lucrative market and strategic hub within the global logistics network as investors' confidence in the sector increases. A new report by logistics company Agility confirms the global logistics industry is considering expansion plans or first-time investments in the continent’s logistics sector. According to Agility Vice Chairman Tarek Sultan, “This is the most optimism we’ve […]

February 15, 2024 14

Uncategorized

Africa’s green energy potential lures crypto miners

By Seth Onyango, bird story agency Nomadic crypto miners in search of affordable energy are eyeing Africa, with Ethiopia emerging as a prime location for blockchain mining. This pivot towards the continent is driven by its abundant renewable sources including solar, wind, and hydroelectric power. Ethiopia, with its colossal hydroelectric dam, has seen an increased inflow of bitcoin miners especially from China, who are dodging Beijing's tight […]

February 14, 2024 7

World

US, Japan name China as hypothetical target of war games

Japan and the US are identifying China as the hypothetical target of ongoing Pacific based war games for the first time. The two countries are carrying out Operation Keen Edge in Tokyo and Hawaii this week as they look to improve their readiness to respond to conflict scenarios.

February 5, 2024 40

Uncategorized

China Pledges to Stabilise Markets But Gives No Detail

Authorities in China say they will make efforts to stabilise markets after shares sank to a five year low on Friday. A massive selloff has seen more than $6 trillion of value wiped off the market. Patrick Fok reports.

February 5, 2024 12

World

US and China Commit to Cooperating on Tackling Fentanyl Crisis

The US and China are committing to work together on tackling the flow of fentanyl to the United States. It's seen as a rare sign of cooperation between the two global powers as they try to manage their ties.Patrick Fok reports.

January 31, 2024 28

Sport

Former China football head to go on trial Monday

The former head of China's top football body Chen Xuyuan is to stand trial for bribery on Monday, Beijing's state media said, as an anti-corruption drive sweeps up once-major players in the sport. Chen -- who as boss of the Chinese Football Association (CFA) once promised to turn a page on the corruption scandals that have plagued the sport -- was placed under investigation last February for "serious violations […]

January 29, 2024

World

Boeing Delivers First Max Jet to China Since 2019 Fatal Disasters

Boeing has handed over a 737 Max aircraft to a Chinese airline for the first time since March 2019, ending a ban on new deliveries of the bestseller following two fatal disasters. Patrick Fok has more.

January 25, 2024 13

Africa

Blinken sees growing partner in Angola on Africa democracy tour

US Secretary of State Antony Blinken on Thursday will explore greater coordination with emerging regional partner Angola, capping a tour of Africa to champion US-friendly democracies as global crises mount. After years of estrangement with Washington during the Cold War, Angola has seen growing common ground with the United States including by working together to address violence in the Democratic Republic of Congo. Blinken arrived late Wednesday in the oil-rich […]

January 25, 2024 7

World

US support for Taiwan ‘firm’ lawmakers tell president-elect Lai

Two US lawmakers met with Taiwanese president-elect Lai Ching-te on Thursday to reaffirm Washington's support for the self-ruled island, which China claims as part of its territory. Despite warnings from Beijing that Lai would bring "war and decline" to Taiwan, he won the January 13 poll, securing a third term for the Democratic Progressive Party -- which rejects China's claim to the island. Democrat Ami Bera of California and Florida […]

January 25, 2024 8