[IMF to support Zanzibar's blue economy] The Zanzibar Ministry of Blue Economy stated that the Zanzibar government will continue to vigorously develop the blue economy, and the International Monetary Fund has approved US$567 million for Tanzania through the Post-COVID-19 Recovery Fund, of which about US$100 million will flow to Zanzibar , including about $16 million to be spent on blue economy sectors such as small-scale fisheries, sea cucumber and seaweed farming, and mud crab fattening. At the same time, relevant departments of Zanzibar will carry out in-depth research on the blue economy value chain, protect biodiversity to support Zanzibar's development of the blue economy. Editor/Xing Wentao

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• 2026.06.05 09:22
• [Western pumped storage power station enters main construction phase]
• On June 3, 2026, the construction of the largest installed capacity pumped storage power station in western China, the Warang Pumped Storage Power Station, shifted from construction preparation to the main construction phase. The total investment of this project is 15.94 billion yuan, with a total installed capacity of 2.8 million kilowatts. It is planned to achieve the first unit power generation in September 2030 and fully connect to the grid for operation in December 2031.Editor/Gong Ziwei

• 2026.06.04 15:05
• [Yondr locks in power for European and American data centers]
• Yondr Group, a global developer of ultra large scale data centers, has completed two new financing rounds, consisting of a global letter of credit instrument and a European holding company financing instrument, respectively used to lock in power capacity for European and American projects and reduce leverage on European platforms. The current power generation has become a core bottleneck in data center development, and the surge in demand for AI and cloud computing has intensified this competition. The two financing rounds were participated by multiple institutions such as French Foreign Trade Bank, BNP Paribas, and IFM Investors, providing capital ammunition for Yondr's continued expansion. Editor/Cheng Liting