Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Shanghai - A subsidiary of China Railway Construction Corp has signed two projects in Africa with a total contract value of 9.1 billion yuan, the company said in a statement to the Shanghai Stock Exchange.
The value of the projects, located in Nigeria and Djibouti, equates to just under 2% of China Railway's 2010 operating income, the company said.
China Railway has actively pursued overseas investments this year. In late November, a consortium involving China Railway and Aluminum Corporation of China (Chinalco) announced a deal to develop an iron ore mine in Guinea.
The company is also part of a consortium of Chinese firms in talks with the Ecuadorian government on a gold mining project.