Weekly news

07/07/2010 to 09/07/2010

Chinese Enterprises Should Pay Attention to National Image – Forum on China Africa Cooperation (CHN)
Africa’s interview with Mr. Lu Shaye, Director-General of Department of African Affairs of the Ministry of Foreign Affairs.

Sino-African Relations- Forum on China Africa Cooperation (CHN)

China and Africa enjoy a long history of friendship built on a solid foundation. Sharing similar historical experiences, China and Africa have all along sympathized with and supported each other in the struggle for national liberation and forged a profound friendship.
Firm expects pirate talks to take 2 or 3 months – China Wire (CHN)
THE pirate ransom negotiation to save the lives of 19 Chinese sailors who were onboard the Singapore-flagged cargo ship hijacked in the Gulf of Aden will last two or three months… The newspaper quoted a Dingheng official as saying the pirates were only after the ransom and called the abducted Chinese sailors “their friends” in the negotiation calls.

Zimbabwe, China finalize talks on acquisition of IDBZ stake – Xinhua (CHN)
Zimbabwe and China have concluded negotiations for the acquisition of a significant stake in Zimbabwe’s Infrastructure Development Bank (IDBZ) by China Development Bank (CDB). Zimbabwean Foreign minister Simbarashe Mumbengegwi announced this week that the negotiations had been finalized and he expressed the hope that the partnership would enhance IDBZ’s capacity to finance infrastructure projects in the country.

Chinese Eximbak Announces New Loan – All Africa (USA)
The Angolan head of State, José Eduardo dos Santos received on Friday in audience the chairperson of Eximbak from China, Li Rougu from whom he got guarantees of a new funding for the programme of national reconstruction.

China tops foreign direct investors in Uganda – The Monitor (UGA)
The Uganda Investment Authority yesterday named China as the leading country investing in Uganda’s economy, displacing the United Kingdom that topped previous Foreign Direct Investment (FDI) record for at least a decade.

LASU-Iba road collapse: Residents appeal to govt – Vanguard (NGA)
Though Special Adviser to the Governor on Transportation, Mr. Kayode Opeifa has attributed the incident to natural disaster, some residents who spoke with Vanguard Metro blamed China Civil Engineering and Construction Company, CCECC which signed a N50 billion contract with the Lagos State Government to reconstruct the road.

Chinese bank to back Kariba hydropower expansion to 1 300 MW – Engineering News (ZAF)
China’s Export & Import Bank (Eximbank) is to pro
vide an estimated $400-million for the expansion of the generation capacity at Zimbabwe’s Kariba hydropower station from 1 000 MW to 1 300 MW.

China in Africa: Over 40? You Probably Don’t Get It – China Talking Points (CHN, USA)
There is a discernable generational divide when it comes to opinions about the Chinese in Africa.

SA group to supply China with 181 security vehicles – Engineering News (ZAF)
The Jixi municipal government, in China, through the government-owned China Special Automotive Group (CSAG), has signed a contract with local company the Virleo group for 181 multipurpose security vehicles.

Davies uses World Cup to lure Chinese investors – Business Report (ZAF)
As President Jacob Zuma urged fund managers this week not only to invest in South Africa but look to an integrating southern African region and a continent that plans a free trade area from Cape to Cairo, his Trade and Industry Minister Rob Davies was in Shanghai wooing Chinese investment in South Africa.

China in Africa: Naspers – Business Day (ZAF)
While other media companies’ operations shrank during 2009, SA multinational Naspers continued to grow, thanks in large part to its Internet business in China.

China in Africa: The Trade Case – Business Day (ZAF)
SA recognises that the balance of economic power is shifting from advanced countries of the West to the rapidly growing ones of the East, and is moving with the trend.

China in Africa: West Goes East – Business Day (ZAF)
The new 17-storey African headquarters of state-owned Chinese miner Sinosteel, which has gone up on Rivonia Road alongside Investec Bank in the heart of Sandton’s business district in Johannesburg, tells the story: the Chinese invasion of SA has begun and is here to stay.

China in Africa: SAB Miller – Business Day (ZAF)
How does one eat an elephant? One bite at a time, goes the popular answer. In a country of 9,6mkm² , 33 provinces and 1,33bn people, SABMiller ’s strategy in China is remarkably similar.

Chinese investments in Gabon’s extractive industries – Pambazuka News (GBR, KEN)
This article provides a brief overview of the recent developments in Gabon’s extractive industries – mining, oil and forestry, with a special focus on Chinese investments. It draws on field research in the country’s capital Libreville in May-June 2010 and in September 2008.[

Ghana Post launches commemorative stamps – Ghana Web (GHN)
Mr Haruna Idrissu, Minister of Communications a nd Mr Yu Wenzhe, Chinese Ambassador on Thursday jointly launched commemorati ve stamps to mark 50 years of bilateral relations. The stamps, in three denominations of GH¢1.00, GH¢1.30 and GH¢ 1.40, have features depicting the close collaboration between the two countries.

China Proposes New Cooperation Areas – All Africa (USA)
Angola and China will soon expand their cooperation into the areas of industry, agriculture and agro-industry, according to the Chinese director general of the Department for Africa and Asian Trade, Xie Yajing.

Commerce Minister Proposes Trade Chamber With China – All Africa (USA)
Angolan Commerce Minister, Idalina Valente, today proposed the creation of a trade chamber between Angola and China for a better approach on issues of commercial and partnership interest.

President Mugabe Hails China – All Africa (USA)
Zimbabwe and China should establish more areas of co-operation as bilateral relations between Harare and Beijing continue to grow from strength to strength, President Mugabe said yesterday.

‘Nigeria-China Trade Deficit has Improved’ – This Day (NGA)
The chairman of the Nigerian-China Business Commission, Mathew Uwakwe, has said that there has been a gradual improvement in the terms of trade between Nigeria and China, noting “there is still much to be done.”

China favors Sudan’s unity but will respect referendum outcome: envoy – Walta Information (ETH)
The Chinese special envoy to Africa Liu Guijing said his government would be “delighted” to see Sudan remain united following the 2011 referendum in the South but noted that Beijing will nonetheless respect choices made by Southerners.

Makuza invites Chinese investors to come to Rwanda – The New Times (RWA)
Prime Minister Bernard Makuza has encouraged Chinese investors to tap into the business opportunities in Rwanda by investing in critical sectors. He made the call on Sunday, as he joined the Rwandan community in Shanghai, China to celebrate the country’s 16th anniversary of the Liberation Day.

Chinese Delegation Jets in – All Africa (USA)
The eighth session of the Zimbabwe-China Joint Commission begins in Harare today.
Chinese Industry and Commerce Vice Minister Mr Jiang Zengwei is leading the Beijing delegation, which arrived in the capital yesterday… In an interview soon after his arrival, Mr Jiang said the Joint Commission would discuss several areas of co-operation and explore ways of enhancing ties between the two countries.

Africa/ China: Sino-African Soccer and Other Relations – A Bombastic Element (USA)
Reuters’ Africa-Journal report below offers a glimpse at some African lives in China.

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