Weekly news

05/06/2011 to 11/06/2011

China offers loans to boost SMEs in Africa -China Daily (CHN)
China has signed contracts valued at $220 million with African countries, offering loans from a special fund to support 13 projects of small and medium enterprises (SMEs) in Africa, the Chinese Ministry of Commerce (MOC) said Thursday.

China Latest Superpower To Mine African Treasures -NPR News (CHN)
A big reason the American delegation is on a trade mission in Zambia is China. Host Scott Simon talks to NPR East Africa correspondent Frank Langfitt about China’s growing investments in Africa.

Clinton Chastises China on Internet, African ‘New Colonialism’ -Bloomberg (USA)
U.S. Secretary of State Hillary Clinton, sharpening her criticism of China, said the world’s second-biggest economy was doing everything to “stifle the Internet” and displaying traits of “new colonialism” in Africa.

China gets upper hand in African mobile scramble -IDG News
Huawei on Monday morning announced a memorandum of understanding with 3 Kenyan Universities. At the event, Li Da Feng, president Eastern and Southern Africa at Huawei remarked that Huawei was now the second largest telecom supplier by revenue in the world, after Ericsson.

A one-way street -Southern Times (ZAF)
African countries have been failing to take full advantage of the opportunities offered by the relationship with the world’s next superpower

China, South Africa dodgy crime partnership -Moneyweb (ZAF)
China and South Africa have agreed to work together on anti-crime fighting measures. There is an element of police training involved but mostly the talk in recent weeks has been about swapping intelligence to uncover criminals and curb cybercrime. But, do we really want China to roll up its sleeves on South Africa’s crime problem?

China’s scramble for the African Union -Asia Times (CHN)
In the thin air of Ethiopia’s low-slung, mostly ramshackle capital, a glittering tower complex is erupting from a warren of corrugated tin roof shacks that many locals call home.

Chinese oil company assured of Unity State security day before SAF bombing -Sudan Tribune (SDN)
The Chinese-run oil company operating in Unity State was assured that security was back to normal on Wednesday the day before South Sudan officials accused the northern army of bombing the state.

Somali pirates release Chinese vessel -The Namibian (NAM)
Somali pirates have freed a Chinese-owned cargo vessel they had held for nearly seven months off the lawless Horn of Africa country, pirates and a regional maritime expert said yesterday.

China Begins to Look Away From Africa -The Namibian (NAM)
Jasmine blossoms’ fall from grace in the Chinese flower industry is not the only blow Chinese businesses have suffered as a result of the North African and Middle Eastern democratic uprisings this spring.

World Bank in Africa should ‘not worry’ about China -BBC News (GBR)
The World Bank is bullish about Africa’s prospects – suggesting the continent is poised for the sort of economic transformation seen in China over the last three decades.

Taiwan’s Hon Hai mulls investment in Africa -AFP (FRA)
Taiwan’s Hon Hai Group, the parent of IT giant Foxconn, said Wednesday it was considering opening factories in Africa to tap into the region’s rich labour and natural resources.

Magufuli: Chinese road builder will stay at site -IPP Media (TZA)
Works minister Dr John Magufuli yesterday said the Chinese contractor building the Singida-Manyoni road would remain at the site until the project time expired despite completing the job ahead of the agreed time.

China plans to light up Africa with solar -Business Report (ZAF)
China plans to build solar power projects in 40 African nations, aiming at cutting the continent’s reliance on fossil fuels and open a new market for Chinese manufacturers, the biggest producers of solar panels.

Chinese funds get Wesizwe mine going -Business Day (ZAF)
Wesizwe Platinum says it will start its Frischgewaagd-Ledig mine on July 4, after investing $227m in it.

SA coal prices up on Chinese power shortfall -Business Day (ZAF)
Buoyant prices on rationing in China with Rand Merchant Bank recently launching an exchange-traded fund to track SA coal prices

Chinese flee Mozambique over ivory smuggling -News 24 (ZAF)
Two employees of a Chinese company have fled Mozambique after police stopped the smuggling of 166 elephant tusks and other animal parts, state media reported on Tuesday.

China vows closer bonds with SADC -FOCAC (CHN)
China vowed on Saturday to develop closer bonds with the Southern African Development Community (SADC), and support the organization’s efforts in solving regional issues and boosting Africa’s integration.

Shelter Afrique courts China for cheaper loans -Business Daily (KEN)
Development financier Shelter Afrique is courting the Chinese government in a share sale plan aimed at tapping cheap funds from the Asian economic giant.

Chinese companies eye Kenya’s roads -Business Daily (KEN)
China is pushing for a greater role in the development of Kenya’s infrastructure— an area with significant untapped potential for Chinese firms, says Zhai Jun, the assistant foreign minister.

SA seeks to alter balance of Brics trade -Business Report (ZAF)
The government wanted to address structural imbalances in the trade relations between South Africa and Brazil, Russia, India and China, the countries which make up the Brics bloc, Minister of Trade and Industry Rob Davies said last week.

Parliament recalled merely to rubber stamp Chinese loan -SW Radio Africa (ZWE)
Despite some resistance to last-minute rubber stamping and despite MPs querying misplaced priorities and the country’s capacity to service the loan, the debate in Parliament did not fully reflect the outrage that people have been publicly expressing about this deal, nor did it probe the purposes to which the NDC will be put.

“China seeks tips on how to boost Christianity,” or Wang Zuoan meets Max Weber in Kenya -Exporting China’s Development to Abroad
Kenya’s Sunday Nation reports that a Chinese government delegation “led by State [Administration] for Religious Affairs minister Wang Zuoan is in Kenya to ‘copy good practices’ that could help it grow Christianity.” Well. Where to begin?

China’s responsibility for Africa’s development -The Official Blog of Ambassador David H. Shinn
Sven Grimm, the director of the Center for Chinese Studies at Stellenbosch University in South Africa, published in June 2011 an analysis titled “China as Africa’s Ambiguous Ally—Why China Has a Responsibility for Africa’s Development” (PDF).


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