[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
Recently,in Taolanaru, Madagascar, the first section of the first phase of National Highway 12, which was constructed by China Railway 18th Bureau, was officially completed. Officials such as the interim head of state and prime minister of Malaysia attended the completion ceremony. The total length of this section is about 45 kilometers, with 5 supporting bridges built, and it is the core transportation artery in southeastern Malaysia. The implementation of the project greatly improves local travel conditions, reduces logistics costs, and supports the development of industries such as fishing, mining, and tourism along the route. At the same time, the second phase of the project has also been officially launched.Editor/Li Xiaohua
On June 16, 2026, China Chemical Engineering 14th Construction Co., Ltd. and Hong Kong HSBC Source International Co., Ltd. signed an EPC general contract for the Namibia Energy Hub Port project in Qingdao. The relevant enterprise leaders attended and witnessed the signing. This key livelihood project in Namibia will be built into an integrated large-scale energy hub base, which can effectively alleviate the local energy shortage and help regional development. Relying on the opportunity of the Namibian President's visit to China, this signing is the result of China Namibia the Belt and Road practical cooperation, and also opens a new journey for the 14th China National Chemical Construction Co., Ltd. to deeply cultivate the African market.Editor/Li Xiaohua