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  Economics 
18 of January, 09:44

In Africa has paved a new railroad
In Africa, the easternmost part of the continent laid the new electric railway, which runs along the old abandoned highway as through the arid desert and green mountain countryside.

About 750 km (466 miles) long, the line connects the outlet to the sea of Ethiopia on the red sea in Djibouti. The road officially opened last week after passed the test in October. You can now cut travel time between the Ethiopian capital of Addis Ababa and port of Djibouti instead of 3 days on the way up to 12 hours by rail.

Like a number of other planned lines, it was partially about funded and built by Chinese companies. The road may soon connect with neighboring Sudan and Kenya - where the first part of the new Kenyan railway will connect Mombasa to Nairobi. The sprawling network it is planned to continue in South Sudan, Uganda, Rwanda and Burundi, within the framework of transnational efforts in East Africa.

It can change how goods and people move, and to increase the number of lines is expected to trade development in countries such as Kenya, says an Advisory partner in East Africa, in Kenya. "Because about 4 thousand trucks each day travel up from Mombasa to Nairobi, and some go further," he adds.

The new lines are part of the so-called train of the Lappset project and the expansion project EAC rail sector, also called the East African railway Masterplan, and is managed by the East African community (EAC). But the Railways is not a cheap pleasure, because African countries largely borrowed money from China. A 10-year period between 2004 and 2014, the African countries took almost $10 billion for railway projects in China.

China sees the railroad as an opportunity for investment, which also creates the export market for their rapidly developing building industry, said Deborah Brautigam, Professor of international political economy and Director of SCMI-CARI.

sections: Economics, World News

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The blockchain begins to use the Federal registration service of Russia The blockchain begins to use the Federal registration service of Russia

19 of October, 15:26

The Prime Minister of the government Dmitry Medvedev signed a decree that the blockchain was used in the implementation of the digital economy.

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