CHINA TO LEND UP TO $2 BILLION TO SOUTH SUDAN FOR MIING AND OTHER DEVELOPMENT PROJECTS
China will lend South Sudan up to US$2 billion to fund infrastructure, power and agricultural projects, according to a report from Reuters. The announcement was made by the South Sudanese petroleum and minister Stephen Dhieu Dau, speaking at a joint news conference with the Chinese ambassador Ma Qiang. The two countries will also conduct South Sudan's first geological survey, funded by a $43 million loan from China.
Read more: Natural Resources Newsletter - 13 September 2013