The Presidential Daily Brief

intriguing

  1. Chinese Investors Pumping Billions into East African Railways

    Construction of a new railway network linking Kenya, Uganda, the DRC, Rwanda, Burundi and the South Sudan has begun. Funded mostly by China and to be built by a Chinese state-owned company, the $13.8 billion project is the first major rail development project in the region since the colonial period. With hundreds of miles of new tracks being laid, the expansion into the world’s least tapped continent could mean big returns for those seeking access to its vast mineral wealth. China’s investment in African infrastructure is only further proof of its unquenchable thirst for the raw materials needed to fuel the engine of its own growing economy.

    Sources: BBC, Al Jazeera, FT (reg.)

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