[South African Ports Authority plans to invest$570 million in port infrastructure] South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors. Editor/Xing Wentao

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• 2026.07.23 09:35
• [Strengthening cooperation in artificial intelligence between China and Africa]
• On July 21, 2026, Li Singh, an official of the United Nations Economic Commission for Africa, said that strengthening China Africa artificial intelligence cooperation would help Africa's digital transformation. China's open source model would reduce Africa's R&D costs and help the Belt and Road science and technology connectivity.Editor/Gao Xue

• 2026.07.23 09:30
• [China Petroleum's ethylene production hit a new high in the first half of the year]
• China Petroleum's ethylene production in the first half of the year increased by 21% year-on-year, reaching a historic high. Dushanzi Petrochemical Tarim 1.2 million ton ethylene project was put into operation on July 16, with a total capacity of more than 10 million tons, which effectively guaranteed the supply of the chemical market and helped stabilize the the Belt and Road energy industry chain.Editor/Gao Xue