• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania
    $3.5 Billion in reimbursements to White Agriculturalist by the African Development Bank as Financial Instruments to “Fast Track and Front Load” to White Agriculturalist land…was taken from them by the Zimbabwe Administration President of AfDB disclosed
    Dangote Industries is Set to Open Africa’s Largest Oil Refinery
    Head of Liberia Electricity Corporation (LEC) – Monie R Captan, conveyed assurance in Liberians taking over the electricity Operations after Ten Years of Foreign Management
    NSIA Group Strengthened its African Footprint by Bolstering Four Insurance Subsidiaries of Sanlam Group in Togo Gabon Congo and Guinea
    Easy Solar Sierra Leone climaxes as one of Africa’s ten fastest-growing companies in 2023 Financial Times disclosed

    Liberia to Construct, US$29.5 Million, two Overhead Bridges

    Posted On 11 Jul 2019
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Suagibu –

    Photo Credit: Youtube

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- In order to slacken vehicular traffic around New Ministerial Complex –SKD Boulevard, the Government of the People’s Republic of China has made a solemn promise to the Liberia Government and its five year strategic plan, the Pro-poor Agenda for prosperity and Development (PAPD), with the Chinese government releasing onto its Liberian counterpart an initial grant of approximately US $29.5, for the implementation of several projects including two overhead bridges to give respite to vehicular traffic within the surroundings of the new ministerial complex and the SKD Boulevard and it environs.

    Minister Wang Yi said China is committed to the concept of sincerity, real results and the value of friendship and shamed interests all geared towards win-win cooperation. He emphasized that, China’s cooperation with Africa is sincere; noting that; they have always followed the principle of non –interference in the internet affairs of other countries engaged Africa under the framework of South-South cooperation.

    According to a dispatch from Liberia’s Embassy near Beijing, China re-echoed its commitment when foreign Minister Gbehzohngar Milton Findley, held bilateral discussions with his Chinese counterpart; State Councilor and Foreign Minister Wang Yi, on the periphery of the Coordinators Meeting on the implementation of the follow-up Actions of the Beijing Summit of the forum on China-Africa Cooperation (FOCAC) in Beijing recently.

    In order to further rejuvenate cooperation, the two countries signed an agreement in which China provided a “gratuitous assistance” of two hundred million Chinese Yuan (Yan 200,000,000), approximately us$ 29.5 million to Liberia as the first tranche for the implementation of projects agreed to during the bilateral meeting between Chinese Preside Xi Jinping and President George Weah during the latter’s visit to Beijing for the FOCAC Summit in September 2018.

    The first tranche has been transferred into a joint account at China Development Bank to be administered by both governments for the implementation of these projects including two overhead bridges to ease vehicular traffic around the new ministerial complex and the SKD Boulevard, respectively; the provision of food aid to be monetized and used for development purposes; among others.

    The Chinese Foreign Minister and State Councilor promised to increase cooperation and to solidify the exceptional friendly ties existing between China and Liberia.

    Minister Findley emphasized Liberia’s preparedness to work with China in promoting the objectives of FOCAC. He expressed thanks to China’s deep interest in building strong ties with Africa particularly Liberia; noting that in April both countries concluded a memorandum of understanding at which time Liberia formally joined the Belt and Road Initiative (BRI). Minister of State Nathaniel Mc Gill signed the MOU on behalf of Government when he attended the second Belt and Road Forum for International Cooperation held in Beijing.

    The coordinators’ Meeting’ which brought together ministerial officials from 53 African countries and their Chinese counterparts, discussed the implementation of the 2018 FOCAC agenda on trade, security and development. At last September’s FOCAC Summit, Chinese President Xi Jinping committed US$60 billion in a mix of grants, loans and special funds to African countries. He also encouraged Chinese companies to make at least US$10 billion investment in Africa through 2021

    For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    ADVERTISING OPPORTUNITY
    NEW AFRICA BUSINESS NEWS IS GOING TO START ADVERTISING FOR COMPANIES, GOVERNMENTS, NGO’s AND FOUNDATIONS IN A FEW MONTHS TIME. YOU CAN ADVERTISE AS LOW AS $11,000.00 PER MONTH PRICE LOCKED FOR UP TO 60 MONTHS. TAKE ADVANTAGE OF THIS GLOBAL, UNLIMITED, OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL NEWSPAPER. FOR INFORMATION CONTACT US …………..   INFO@NEWAFRICABUSINESSNEWS.COM
    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Angola Kowtow OPEC’S Cuts Extension for Oil Reduction

    Next Story

    Genuine Investments would be Protected in Ghana- President

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study

    Posted On 26 May 2023

    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers

    Posted On 25 May 2023

    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River

    Posted On 24 May 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study

    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers

    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River

    Recent Posts

    • South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    • $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    • TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    • 650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    • …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.