Weekly news

02/02/2010 to 09/02/2010

All last week’s China Africa developments:

* Unveiling the Diversity of Chinese Finance in Africa- AllAfrica (USA)

9/2/2010
China increasingly is playing a crucial role in African economies. Two-way trade between China and Africa exceeded U.S. $106 billion in 2008 and Beijing is the leading trading partner with South Africa, the continent’s largest economy. 
Full Story.

* Oil refinery gears up for major upgrade- Standard (KEN)
9/2/2010
After years of inefficiencies that proved costly to the economy, the Mombasa-based oil refinery is set for a new start. 
Full Story.

 

* China at War on Weather Change- Daily Nation (KEN)

8/2/2010
Since the Copenhagen conference was concluded, all parties have been evaluating the outcome. Though China has made tremendous efforts to tackle climate change with notable achievements, some people have been making unreasonable demands. 
Full Story.

* Brazil enters fray for African resources- FT (GBR)
8/2/2010
Brazil’s mining company, Vale, is preparing to start operations in Mozambique as South America’s largest economy steps up its involvement in the scramble for Africa’s resources. 
Full Story.

* Tullow sells oil wells to Chinese company- Monitor (UGA)
8/2/2010
The second major prospecting firm in Uganda’s oil fields, the British company Tullow Oil plc, is expected to announce this week that it will sell half of its stakes in Uganda to a Chinese company at $2.5 billion (Shs4.7 trillion), the Sunday Times reported yesterday. Full Story.
 
* Fresh storm brews over national fibre optic cable project- Monitor (UGA)

8/2/2010
The government has ditched technical safeguards for proper construction and functioning of the multi-billion national optic fibre backbone infrastructure, Daily Monitor can reveal. Full Story.
 
* Angolan president warns new govt against corruption- Monitor (UGA)

8/2/2010
President Jose Eduardo dos Santos swore in a new government on Monday and said Angola would pass a new law to end widespread corruption and embezzlement in one of Africa’s biggest oil producing nations. Full Story.
 
* Chinese pay television enters market- New Vision (UGA)
8/2/2010
STAR DTV, a Chinese digital pay television company, has opened operations in Uganda. Full Story.
 
* Costain, CCECC Begin Work on Railways- This Day (NGA)
7/2/2010
The Chinese firm handling railway rehabilitation in Nigeria, China Civil Engineering Construction Company (CCECC) and Messrs. Costain West Africa Plc, have commenced work. The move involves over 3,000 Nigerians working to rehabilitate the old tracks. Full Story.
 
* Cnooc pays $2.5 billion for Ugandan oil assets- Business Report (ZAF)
5/2/2010
Cnooc said Friday it is paying $2.5 billion (R19.2 billion) for a stake in Tullow Oil Plc’s Ugandan oil assets, underlining China’s push to gain a foothold in Africa’s energy sector. 
Full Story.

* Zakumi figurines made in China- Engineering News (ZAF)
5/2/2010
I initially planned to lead this instalment of this column with a discussion of the 2008 judgment in the Commissioner for the South African Revenue Service (Sars) vs Fascination Wigs case. However, when I walked into a Sasol delight store recently, I had a change of mind. 
Full Story.

 

* UK flexes muscle in scramble for Africa trade deals- Business Daily (KEN)

5/2/2010
The UK government has signed a pact with three African trading blocs that would see it play a more critical role in the planned merger and economic development in the region, signalling intention to solidify its influence in Africa in the wake of an onslaught by China. Full Story.
 
* Liberian President Impressed with China-Aid Demonstration Farm on Vegetables Cultivation- FOCAC (CHN)
5/2/2010
Liberia’s President Ellen Johnson Sirleaf has called on her people to learn from the practice and success story of two Chinese agriculture experts on vegetables cultivation. 
Full Story.

 

* Vying for Africa: India needs to tap its diaspora to match China- Pambazuka News (KEN)
4/2/2010
Can India do a China in the continent of unlimited resources? China’s big foray into the African continent has grabbed global attention. But there are many – such as Harvard professor Tarun Khanna – who believes that India has an edge in Africa because of its deep diaspora. Full Story.
 
* ADB to Bridge Continent/China Cooperation- Vanguard (NGA)

4/2/2010
President of African Development Bank (ADB), Mr. Donald Kaberuka, has said the African Development Bank is poised to be an important bridge to further deepen and improve the mutually beneficial cooperation between Africa and China. 
Full Story.

* Jia’s Death: An Irreparable Loss for China Aid to Liberia- FOCAC (CHN)

4/2/2010
A funeral service has been held on February 3,2010, by the Chinese Embassy in Liberia at the Samuel Stryker Funeral Serbier, Monrovia, Liberia to morn Mr. Jia Dayou, a Chinese supervising engineer at the construction site of the China-aid Agricutural Demonstration Center at Central Agriculture Research Institute, Liberia, who died of cerebral malaria in the early morning of January 30th, 2010 in Monrovia. 
Full Story.

* World Bank hops on China’s African express- Standard (KEN)
3/2/2010
The World Bank is working with China, including via jointly funded projects, to develop a manufacturing sector in Africa and potentially transform the economies of the poorest continent, its head said on Tuesday. Full Story.
 
* Differences between China and West- Business Daily (KEN)
3/2/2010
When George Bush invaded Iraq in 2003, the world suspected that the main American motivation for the invasion was the eventual control of oil in Iraq. Full Story.
 
* Work on parallel fuel pipeline begins- Business Daily (KEN)

3/2/2010
Construction of a new broader pipeline between Nairobi and western Kenya has begun as Kenya Pipeline Company positions itself for increased transportation of oil products to the region’s landlocked economies. Full Story.
 
* Chinese Enter Ghana’s Bauxite market- Ghana Web (GHN)
3/2/2010
Rio Tinto Alcan says it sold its 80 per cent share in Ghana Bauxite Company to Chinese company Bosai Minerals Group. The Awaso project produced 802,000 tonnes of the mineral, a key ingredient to make aluminium, in 2008. Full Story. 


* Sudan starts oil exploration in Red Sea- Sudan Tribune (SDN)
3/2/2010
Sudanese government has started drilling its first overseas offshore exploration well in the Red Sea Basin off Sudan with the help of the state China National Petroleum Corporation (CNPC). 
Full Story.

* Federal Govt to Sell Fresh Oil Licences- Vanguard (NGA)
2/2/2010
Nigeria is weighing up plans for a new licensing round, with a senior government official claiming that blocks holding an estimated two billion barrels of reserves would be up for grabs. 
Full Story.

 

* More China-Africa deals in the next 24 months- Business Report (ZAF)
2/2/2010
The level of Chinese investment in the African mining industry is nothing compared to China’s involvement in the years to come, The Beijing Axis founder and group managing director Kobus van der Warth said on Tuesday. 
Full Story.

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