07/07/2012 to 20/07/2012

Top Stories:                                                                                                          

 Angola wins loan from China – fin24 (ZAF)

 Africa gears up for meaningful engagement with China – BizCommunity (ZAF)

 China can play key role in promoting peace and ending crises in Africa – The Guardian (GBR)

 Chinese stakes in African banks encouraged – China Daily (CHN)

 Chinese firm plans $100m Zambia copper project – Business Report (ZAF)

 Africa seeks expanded cooperation with China in infrastructure, energy, says COMESA chief – People’s Daily Online (CHN)

Politics                                                                                                                 

China touts Africa relations – IOL (ZAF)
18/07/2012
China touted its close relations with Africa on Wednesday ahead of talks with the continent’s senior officials even as some African countries grumble about problems that come from being locked in a tight embrace with the resource-hungry Asian economic power.

Africa: China, Africa Review Plans and Deepen Cooperation – Southern African News Features (ZIM)
17/07/2012
Chinese and African ministers meet in Beijing this week to review cooperation and prepare a new development plan for the next three years. Under the Forum on China Africa Cooperation (FOCAC), the two parties already share friendly relations that have seen trade increase tremendously over the past decade from about US$10 billion in 2000 to more than US$160 billion in 2011.

China-Africa Cooperation in a New Era – CRI (CHN)
17/07/2012
Since the founding of the People’s Republic of China in 1949, African countries have fully backed the fledgling state, culminating in China’s success in regaining its lawful seat at the United Nations. After launching its reform and opening up drive, China started to engage in much broader cooperation with African countries, including fields like trade, energy and infrastructure construction.

Shaping new standards for China-African cooperation – Cina.org (CHN)
17/07/2012
Economic cooperation between China and Africa has produced great achievements, while new standards, particularly green modeling, are called for by environmental groups and officials to help reach an economic, social and ecological balance in Africa.

Kufuor Call For Mutual China-Africa Relations – Daily Guide (GHN)
17/07/2012
Former President John Agyekum Kufuor said in Suzhou, China that relations between China and Africa must be based on a win-win situation in which the aspirations of both Africans and Chinese would be met.

Africa gears up for meaningful engagement with China – BizCommunity (ZAF)
17/07/2012
African nations must use the Forum on China-Africa Cooperation (FOCAC) to complement the continent’s regional institutions and policy agenda, and partnership with China should aim to boost Africa’s overall capacity, competitiveness and trade in a way that supports African development, according to a report released on Monday, 16 July 2012, co-authored by Standard Bank economists Jeremy Stevens and Simon Freemantle, as the fifth FOCAC summit in Beijing, China, commences on 19 July 2012.

Broad Prospects for the New Type of China-Africa Strategic Partnership – People’s Daily Online (CHN)
17/07/2012
Good afternoon. It is a great pleasure to speak at the Lanting Forum. The Fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) will be held in just a week, and mid-summer Beijing will embrace an exciting “African time”. I am sure all those who care about and support China-Africa relations are eagerly looking forward to it. And I am pleased to have this opportunity to discuss China-Africa relations with you in advance of the Ministerial Conference.

African leaders to attend opening of fifth FOCAC ministerial conference, visit China – People’s Daily Online (CHN)
14/07/2012
Leaders from eight African countries will attend the opening ceremony of the fifth ministerial conference of the Forum on China-Africa Cooperation (FOCAC) on July 19 in Beijing, a Foreign Ministry spokesman announced Friday.

China can play key role in promoting peace and ending crises in Africa – The Guardian (GBR)
13/07/2012
Although Africa has become, on the whole, a more peaceful continent in the past two decades, crises in Sudan, South Sudan, Somalia, the Democratic Republic of the Congo and elsewhere demonstrate that insecurity continues to menace parts of the continent. This is frustrating development aspirations, with no low-income, fragile or conflict-affected state yet able to achieve a single millennium development goal.

Mkapa: China-Africa coop cornerstone for south-South relations – IPP Media (TZA)
13/07/2012
Retired second phase president Benjamin Mkapa has underscored the need for countries to maintain global and regional peace, search for international social stability, promote economic development and accommodate cultural diversity.

China and Africa to build new model for N.G.O. co-operation – Coast Week
13/07/2012
Participants in the second China-Africa People’s Forum called for the establishment of a new model for NGO cooperation between China and African countries. About 300 delegates from China and 35 African states are attending the forum in Suzhou, a tourist resort and economic hub in east China.

Cooperation keeps China-Africa ties strong – People’s Daily Online (CHN)
12/07/2012
Sino-African relations have come under the media spotlight with the recent China-Africa People’s Forum and the coming Forum on Sino-African Cooperation ministerial conference. The two sides have high expectations of each other. Meanwhile, as they engage further, more problems have emerged.

China-Africa relations must be mutually beneficial – Ghana News Agency (GHA)
11/07/2012
Former President John Agyekum Kufuor, said on Tuesday in Suzhou, China, that relations between China and Africa must be based on a win-win situation in which the aspirations of both African and Chinese are met.

Chinese VP Praises Relations at China-Africa Forum – Beijing Review (CHN)
11/07/2012
Chinese Vice President Xi Jinping on Tuesday hailed the rapid development of mutually beneficial cooperation between China and Africa. In a keynote speech delivered at the opening ceremony of the second China-Africa People’s Forum, Xi said China and Africa always pursue mutual benefit and common development.

Chinese VP calls for advancing China-Africa strategic partnership – China Daily (CHN)
10/07/2012
Chinese Vice President Xi Jinping said Tuesday China is willing to join hands with African countries to further develop the new-type of strategic partnership.

Xi calls for greater Sino-African ties – China Daily (CHN)
10/07/2012
Vice-President Xi Jinping on Tuesday called on China and Africa to elevate their economic ties to a new level, at a time when the pace of restructuring in both economies is picking up pace.

Chinese VP Calls for Advancing China-Africa Strategic Partnership – CRI (CHN)
10/07/2012
Chinese Vice President Xi Jinping said Tuesday China is willing to join hands with African countries to further develop the new-type of strategic partnership. Xi made the remarks in a keynote speech titled “Promoting New Development of the New Type of China-Africa Strategic Partnership”, delivered at the opening ceremony of the second China-Africa People’s Forum.

China-Africa People’s Forum to open in East China – China Daily (CHN)
09/07/2012
The second China-Africa People’s Forum, jointly organized by the China NGO Network for International Exchanges, the African Union Commission and several African NGOs, will be held in Suzhou, East China’s Jiangsu province from July 10-11, according to Li Liqing, Deputy Secretary General of the China NGO Network for International Exchanges, speaking on Monday.

China can help keep peace in growing Africa – Global Times (CHN)
09/07/2012
Although Africa has become, on the whole, a more peaceful continent in the past two decades, ongoing crises in Sudan, South Sudan, Somalia, the Democratic Republic of Congo (DRC) and elsewhere demonstrate that insecurity continues to menace parts of the continent.

US has much to learn about Africa from China – China Daily (CHN)
06/07/2012
When the White House recently published its report US Strategy Toward Sub-Saharan Africa, it was not a surprise to observers of US-Africa relations. Over the past weeks and months, the US has been grappling with how to engage Africa in the wake of the consistent upward mobility of China’s influence.

Finance and Banking                                                                                           

China aims to rewrite perceptions on Africa investment push – envoy – Reuters
18/07/2012
Beijing is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China.

No sinister aims in Africa, says China – Fin24 (ZAF)
18/07/2012
Beijing is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China.

Central bank pledges financial push in Africa – China Daily (CHN)
14/07/2012
China is to promote the yuan’s use in settling trade and investment with Africa, and encourage the more active development of Chinese financial institutions across the continent, a senior central bank official said on Friday.

China Aims To Strengthen Investment Ties With Africa – Ventures Africa
13/07/2012
Ahead of the fifth ministerial conference of the Forum on China-Africa Cooperation (FOCAC), China’s Deputy Foreign Minister Zhai Jun, has revealed that Chinese President Hu Jintao will announce new measures to strengthen cooperation with Africa, which will cover investment, finance, African integration, peace and security as well as people-to-people exchanges.

S.Africa’s rand eases, soft Chinese data weighs – Reuters
10/07/2012
The rand weakened against the dollar early on Tuesday, pressured by a bleak global growth outlook after soft Chinese data, while bonds firmed slightly as investors awaited the results of a weekly debt auction likely to be dominated by offshore buying.

China urged to up investment in African lenders – China Daily (CHN)
10/07/2012
One of Africa’s leading bankers has called on Chinese banks to increase their shareholdings in their counterparts on the continent. Jean-Louis Ekra, president and chairman of the board of directors at the African Export-Import Bank, said that although China’s economy is slowing down, its growth rate is still at an enviable level compared with those of other large economies.

Chinese stakes in African banks encouraged – China Daily (CHN)
09/07/2012
Chinese lenders should increase their stakes in African banks to boost Sino-Africa financial cooperation and promote investment from China in Africa, said an African senior banking executive on July 9.

African bank meeting brings opportunity to China – China Daily (CHN)
09/07/2012
The shareholders of the African Export-Import Bank have selected China to be the first non-African host of their general meeting, which opens in Beijing on July 10. Also known as Afreximbank, the lending institution will have a seven-day meeting that is expected to serve as a platform for African countries to better understand China, exchange experiences as developing nations and seek opportunities for deeper business cooperation.

Angola wins loan from China – fin24 (ZAF)
08/07/2012
Angola and China’s Eximbank on Saturday signed 17 loan agreements valued at more than $500m to finance various post-war reconstruction projects, the finance minister said.

Kenya : Central Bank of Kenya authorizes Bank of China to start a representative office in Nairobi – Equities
07/07/2012
The Bank of China has been authorized by the Central Bank of Kenya to start a representative office in Kenya, its first in East Africa, to administer its regional products and services.

Investment in Africa – double by 2014 – Business Report (ZAF)
06/07/2012
Foreign direct investment inflows into Africa fell in 2011 for the third consecutive year but could more than double by 2014, as stronger economic growth, ongoing reforms and high commodity prices improve investor perceptions, the United Nations said on Thursday.

Mining and Metals                                                                                                

Kumba up as China jitters fade for now – Business Report (ZAF)
16/07/2012
Shares of South Africa’s Kumba Iron Ore, a unit of Anglo American, extend Friday’s brisk gains on the back of data that eased concerns of an economic hard landing in China.

`BRICS investment in South Africa mining sector to grow’ – Daily News (IND)
14/07/2012
The BRICS investment in South Africa mining sector is set to increase in the next few years despite an ongoing nationalization debate, BRICS Africa Portfolio director Stephen Oehley said here.

Chinese firm plans $100m Zambia copper project – Business Report (ZAF)
12/07/2012
A Chinese company plans to invest $100 million in a Zambian mining project that will produce 600 tonnes of copper cathodes a year, a government agency said on Thursday.

Trade                                                                                                                    

China and Africa Poised to Embrace a Brighter Future for Economic Cooperation and Trade – Ministry of Foreign Affairs (CHN)
18/07/2012
n Malawi, an landlocked African country, rows of cotton cultivated by local farmers with instruction from Chinese experts are budding; in Ethiopia, a shoe factory, which was built with investment from the China-Africa Development Fund, is teeming with local workers; in the Democratic Republic of Congo, a hydropower station, financed by credit from China, has just been inaugurated.

Beijing Promises Continued Trade Ties with Africa – Voice of America (USA)
18/07/2012
China’s commerce minister is promising a “new era” of trade and economic cooperation with Africa, as Chinese and African leaders gather in Beijing to discuss increased economic ties.

African leaders vow to improve trade ties with China – Global Times (CHN)
17/07/2012
African leaders have pledged to strengthen economic ties and cooperation with China and attract more Chinese investments in infrastructure and transportation. Kadre Ouedraogo, head of the Economic Community of West African States (ECOWAS), told Xinhua on Monday that African leaders were eager to open new offices in China as African economies continue benefiting from China’s growth.

Africa: China, Africa Trade Grows, Hits Historic High – Tanzania Daily News (TZA)
17/07/2012
Trade between China and Africa grew and hit an historic high in 2011 despite the turbulence in some Northern African countries, according to a report released here on Monday.

June foreign trade deficit may rise on China, Agulhas – Business Live (ZAF)
16/07/2012
Although South African markets generally welcomed the Chinese data last week, with inflation easing and economic activity not as bad as expected, the June foreign trade data should have rung alarm bells.

China to Promote Yuan in Africa Trade and Investment, Daily Says – Bloomberg
14/07/2012
China will promote its currency for settling trade and investment with Africa, the China Daily reported today, citing Li Dongrong, the assistant governor of the People’s Bank of China. China’s central bank will encourage the use of the yuan, also known as the renminbi, as demand for the currency in Africa increases and the continent’s economy expands, Li said at a forum in Beijing yesterday, according to the report.

Conference Special: Trade exhibition connects China and Africa – China Daily (CHN)
13/07/2012
More than 50 companies and organizations from China and Africa participated in a trade exhibition that opened in Beijing on July 12 as part of the General Meeting of Shareholders of the African Export-Import Bank, commonly known as Afreximbank.

Africa-China Forum to Assess Trade Trends – Tanzania Daily News (TZA)
12/07/2012
The second edition of the China-Africa People’s Forum started here on Wednesday with hopes of greater economic co-operation between the two parties.

Xi hopes for new China-Africa exchange opportunities – China.org (CHN)
10/07/2012
Xi Jinping, China’s vice president, delivered a keynote speech at the opening ceremony of the second China-Africa People’s Forum, a non-governmental exchange platform between China and Africa, which opened today in Suzhou, Jiangsu Province.

SA’s commercial interest in Africa lagging behind that of China – ITNews Africa
09/07/2012
For too long, Africa has been at the centre of negative publicity, partly promoted by foreign biased media reports and Afro-pessimists, scaring away potential investors and hampering its development. But that seems to be in the past, as European, US and Chinese investors look to Africa for lucrative investment opportunities.

Big firms latch on to Africa’s boom time – The Independent (GBR)
07/07/2012
There is little of the hustle and bustle of Lusaka’s city centre to be found in the business district of the Zambian capital. Here, traffic jams and street traders are replaced by calm streets and modern office blocks, while nearby hotels play host to businessmen talking deals or relaxing after a round of golf.

Transport and Infrastructure                                                                                 

Africa seeks expanded cooperation with China in infrastructure, energy, says COMESA chief – People’s Daily Online (CHN)
16/07/2012
Africa is seeking expanded cooperation with China in the field of infrastructure and energy, says Sindiso Ngwenya, secretary-general of the Common Market for Eastern and Southern Africa (COMESA).

Environment                                                                                                         

Call for China, Africa to be ‘greener’ – China Daily (CHN)
17/07/2012
Ambassadors from African countries, officials from the Chinese government, representatives from financial institutions, research institutions and international organizations gathered to call for China and Africa to go “green” in future cooperation on Monday.

WWF calls for China and Africa to go green – WWF.org
17/07/2012
WWF, the global conservation organisation, calls for inclusion of bold environmental commitments in the outcomes of China-Africa discussions this week in Beijing at the Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC).

Society                                                                                                                 

Conference Special: Developing relationship: China, Africa share lessons – China Daily (CHN)
14/07/2012
At a forum on China-Africa financial cooperation held in Beijing on July 13, government officials and economists called on China and Africa to share experiences gained through the course of development.