Weekly news

01/06/2010 to 08/06/2010

Kagame carves out innovative role- New Times (RWA)08/06/2010

But he is also sober about the benefits of China’s more mercantilist approach. Ultimately, he argues, it is up to Africans to determine whether they can build more equal relations with the rest of the world as trading patterns shift.

Luso exports recorded an increase in early- Journal de Angola (AGO)

Portuguese exports to China increased 80 percent in the first four months of 2010 over the same period in 2009, revealed yesterday the president of the Agency for Investment and Foreign Trade of Portugal (AICEP), Basilio Horta.

Uganda plays hardball with Tullow over $1.3b windfall- East African (KEN)

The Ugandan government has refused to allow Tullow to gain full control of Heritage Oil and Gas until it looks at the production shareholder agreement (PSA) that it signed with Chinese oil firm CNOOC and France based Total.
Dr. John Akanya, is the director-general, Standards Organisation of Nigeria (SON). In this interview, he speaks on the introduction of off-shore conformity assessment programme (SONCAP) to check the influx of substandard products from abroad and other issues on the industrial sector of the economy.

Kenyan donor money and firms helping build Southern Sudan- Daily Nation (KEN)
Economists say the potential benefits for Kenya in the event the South votes for separation are staggering. “This is a potential game changer,” said investment banker and analyst Aly-Khan Satchu.

Kenya Must Seek Fair Relations With China- Daily Nation (KEN)
Anyone taking even the barest of interest in the heavy investment by China in infrastructure projects across Kenya will have noted the country’s growing imprint locally.

China donates logistics to Ghana Armed Forces- Ghana Web (GHN)
China on Friday moved a notch higher in strengthening ties with Ghana when she donated specialised military vehicles and accompanying spare parts to the Ghana Armed Forces (GAF). The vehicles, valued at 1.5 million dollars, included troop carriers, trucks, field ambulance, and a tanker.
President Jakaya Kikwete yesterday met Chen Bingde, chief of the General Staff of the People’s Liberation Army (PLA) of China, at the State House in Dar es Salaam to discuss friendly bilateral relations.

A Chinese electronics manufacturer, namely Hisense, is promoting latest technology in Ethiopian market.

China’s Gonow to invest $10m in SA car factory- Business Report (ZAF)
Zhejiang Gonow Auto, the manufacturer of the Gonow range of vehicles from China, has appointed a new southern African distributor and has plans to invest $10 million in South Africa to establish an assembly plant by 2013.

China NGOs to Assist Horticulturists- The Herald (ZBW)
Small-scale horticulturists will benefit from technical support from Chinese non-governmental organisations.

African Minerals in funding talks with Chinese companies- China Daily (CHN)
African Minerals Ltd is in talks with several Chinese companies to raise $5 billion in funding to explore the Tonkolli iron ore project in the West African nation of Sierra Leone, a top company official said on Thursday.
China is not only fast establishing itself as a superpower on the African continent, it is also fast establishing itself as the locus for the establishment of Africa’s newest diaspora: the African diaspora in China.
Replace Africa aid with trade, rich countries told- Africa Good News (ZAF)

Rich countries need to change the way they deal with Africa, shifting from aid to trade if they are not to lose ground to the emerging economic players of Asia and South America, a top think-tank said on Wednesday.

AfDB lends Botswana 153 mln euros for power plant- Africa Good News (ZAF)

Botswana has received a 153 million euro ($186 million) loan from the African Development Bank (AfDB) for the construction of a 600 MW coal-fired power plant, the ministry of finance said on Tuesday.

China, AU celebrate completion of main structure of AU’s modern conference center- Xinhua (CHN)
China and the African Union (AU) on Wednesday celebrated the successful completion of the main structure of AU’s modern Conference Center by a Chinese company, namely CSCEC, and aided by the Chinese government here in Addis Ababa, Ethiopia.

NWSC: a good lesson about national interest- Daily Monitor (UGA)
As we mark Martyrs Day today, it is 17 years since the National Resistance Movement administration took the ill-advised decision to fully liberalise the economy, divesting government of authority in key sectors, including electricity distribution.

When 13 traders from eastern Nigeria arrived at the allotted spot for their new market outside Lagos in 1977, the vista was not promising.

Uganda Cranes coffee paves way for private sector in China- New Vision (UGA)
If the number of tasters and buyers at the World Expo 2010 in Shanghai is anything to go by, Ugandan Coffee does have a future in China. Value added roasted coffee is on sale and tasting is available for potential buyers.

Govt, China Sign Bilateral Pacts- The Herald (ZBW)
Zimbabwe and China yesterday signed three bilateral agreements to strengthen economic ties.

Zambia: ‘Kambwili’s statements on Luanshya mine lack merit’- Lusaka Times (ZAM)

China Non-Ferrous Metal Company Luanshya Copper Mines (CLM) public relations officer Sydney Chileya has said Roan Member of Parliament Chishimba Kambwili’s statements on the mine’s operations should not be taken seriously by members of the public because they are inconsistent and lack merit.

China International Fund’s New Bellzone-Kalia Guinea Deal- China Africa Real Story (USA)
Last week China International Fund, the murky Hong Kong real estate, construction, and investment company, hit the news again with a confirmed report that CIF had signed a preliminary agreement to finance $2.7 billion in infrastructure connected with the development of Australian company Bellzone’s proposed $4.45 billion Kalia iron ore mine in Guinea.

China’s Low-Cost Approach Is More Suitable for Africa- 21 Century Business Report (CHN)
Before Huawei, a private Chinese telecommunications solutions provider, entered the African market in 1998, Africa’s telecommunications sector was dominated by western multinationals like Ericsson and Motorola.

Chinese firms told to invest more in Africa- Xinhua (CHN)
Chinese companies have been told to shift their investment focus from infrastructure and energy resources to Africa’s agricultural and manufacturing sectors.

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