Weekly news

05/05/2010 to 08/05/2010

In Africa for mutual growth- China Daily (CHN)
Chinese firms have to maintain good ties with political parties and tribal leaders to achieve success in Nigeria. Full Story.

Shs78b needed for new Parliament chambers- Daily Monitor (UGA)

The Chairpersons of the House Sessional Committees, and the parliamentary Commissioner, Mr Guma Gumisiriza, noted that if new chambers are not constructed immediately, the next Parliament will be characterised by a rush for seats, as they legislate business of national importance. Full Story.

African, Chinese interests in step: Meles- Walta Information (ETH)
China’s interest in investing in Africa makes sense for both partners and should transform economies long reliant on commodity exports, Ethiopia’s prime minister said on Thursday.Full Story.

Africa should learn from China on agricultural development: AGRA president- China Wire (CHN)

African countries should learn from China’s experience in improving agricultural productivity, the president of the Alliance for a Green Revolution in Africa (AGRA) said. Full Story.

China-Africa new strategic partnership to be expanded, strengthened: Chinese diplomat- China Wire (CHN)
“China-Africa new strategic partnership has currently reached a new level, however there is still a necessity for the partnership to be expanded and strengthened as the situation is developing,” Liu Guijin. Full Story.

China to establish center to increase African imports- Xinhua (CHN)

China is planning to increase its imports of African commodities by establishing an African Products Exhibition Center, the Ministry of Commerce (MOC) said on its website Wednesday. Full Story.

Boost for handicraft sector- Ghana Web (GHN)

The quest by government to reposition the handicraft sector as a major determinant of Ghana’s economic fortunes has received another booster as a major American handicraft importer is in to establish a long standing relationship with the industry. Full Story.

Telecoms Firm Seals U.S.$7,2 Million Deal- The Herald (ZBW)

AQUIVA Wireless, a locally-owned telecommunications company, has signed a US$7,2 million deal with a Chinese company, Huawei Technologies, to establish 92 base stations for broadband Internet and Voice over Internet Protocol. Full Story.

Deepening Africa-China engagement: The African Journalist Study Tour- Pamabazuka News (KEN)

The Fahamu Emerging Powers in Africa Programme recently initiated and conducted probably the first non-state sponsored African Journalist Study Tour to Beijing, providing four African journalists – selected from over 60 applicants – with the opportunity to experience a week-long visit to China. Full Story.

Heritage sale concludes in June- New Vision (UGA)
The proposed sale of $1.5b oil fields will be concluded by the end of June, the firm has disclosed in its annual report. Full Story.

President of Kenya invites entrepreneurs- Journal de Angola (AGO)
Kenyan President Mwai Kibaki, who currently makes an official visit to Shanghai, China, met with several heads of Chinese companies invited to invest in Kenya, according to a press release issued Sunday for the Kenyan presidency. Full Story.

Egypt deal for GD Midea- Global Times (CHN)

GD Midea Holding, China’s second-largest air conditioning maker by sales, will make its first foray into Africa jointly with its old partner Carrier, a unit of US technology giant United Technologies Corporation (UTC). Full Story.


China-Africa investment partnership “incredibly beneficial”: expert- FOCAC (CHN)

The investment partnership with China in Africa’s major infrastructure projects is incredibly beneficial for the continent’s development, Katherine Tweedie, director of Africa Regional Agenda Team of World Economic Forum, told Xinhua in an interview ahead of the 20th World Economic Forum on Africa. Full Story.

Parliament reconvenes to consider urgent business- Ghana Web (GHN)

Members of Parliament reconvened on Tuesday to consider several loan agreements being contracted by the government to finance development projects. Cletus Avoka, Majority Leader, who presented the business statement of the week, said though members were reserved the house has been recalled due to the urgency of issue. Full Story.

CADF expands Africa network- Africa Asia Confidential (GBR)
April 2010
The state investment fund is launching Chinese companies into overseas markets where they pick up assets abandoned by Western and African companies. Full Story.

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