08/06/2010 to 16/06/2010

World Bank blacklists Chinese firms- Standard (KEN)
16/06/2010
World Bank has barred four Chinese firms from bidding for World Bank financed projects due to alleged corruption. The firms include China State Construction Corporation, China Road and Bridge Corporation (CRBC) and two other Chinese construction companies.

China’s presence in Africa conducive to the continent’s economic and social transformation- Xinhua (CHN)
16/06/2010
China’s growing presence in Africa represents a historic economic and social transformation for the continent, an African-led research project “China in Africa” showed.

China urged to explore investment opportunities in COMESA- Xinhua (CHN)
16/06/2010
Common Market for Eastern and Southern Africa (COMESA) Secretary-General Sindiso Ngwenya on Tuesday urged China to enter into joint ventures with Africa’s largest regional trading and economic grouping to capitalize on the customs union that was launched last year.

Holding Reserves in Yuan Not Rewarding, Says Rewane- This Day (NGA)

15/06/2010
The current plan by the Central Bank of Nigeria (CBN) to have the country’s reserve being dominated in Yuan (Chinese currency), will further deepen the country’s woes economically. Managing Director, Financial Derivatives Company, Mr. Bismarck Rewane, said yesterday.

NITEL: NCP Panel Submits Report, Proposes 2 Options- This Day (NGA)

15/06/2010
The National Council on Privatisation (NCP) seven-member committee set up last March to conduct due diligence on prospective bidders for Nigerian Telecommunications Ltd. (NITEL) has submitted its report to President Goodluck Jonathan.

China re-affirms support to Ghana’s socio-economic development- Ghana Web (GHN)

15/06/2010
Mr Yu Wenzhe, out-going Chinese Ambassador to Ghana, has re-affirmed China’s support to Ghana’s socio-economic development. Mr Yu made the affirmation during a courtesy call on Mr Alban S.K. Bagbin, Minister of Water Resources, Works and Housing in Accra on Tuesday.

Chinese throw Ivorian Stowaways in Ghanaian sea- Ghana Web (GHN)
15/06/2010
Agents of National Security are investigating a case of cruelty on the high seas in which three Ivorian nationals are alleged to have been thrown into the ocean by the captain of a Chinese vessel.

China wealth fund to visit Egypt: investment minister- Business Report (ZAF)
15/06/2010

The chairman of China’s sovereign wealth fund, which manages $300 billion in assets, will visit Egypt to discuss infrastructure and other possible investments in the Arab world’s most populous nation, a minister said on Tuesday.

Experts advice govt to sign deal with oil firms- New Vision (UGA)
15/06/2010
An international oil consultanting firm, PFC Energy, has advised that the Government enter into partnership with three oil companies to develop the petroleum sector.

Zambia: Chinese firm to process manganese in Kabwe- Lusaka Times (ZAM)
15/06/2010
SUPERDEAL Investment Limited, a Chinese firm, is set to establish a large-scale kiln in Kabwe at a cost of more than US$2 million.Company chief executive officer, Luobin Bin Luo said in an interview in Kabwe that the furnace in the Central Province town would enable them process raw manganese ore in Zambia unlike exporting it in its raw form.

Zim, China pledge to strengthen military ties- Zimbabwe Guardian (ZBW)

14/06/2010
China values its traditional friendship with Zimbabwe and hopes to push forward relations between the two countries as well as the two armed forces, said Chinese Defence Minister Liang Guanglie on Sunday.

Nurses to Benefit From China Ties- Herald (ZBW)
14/06/2010
Aspiring trainees in nursing and other medical fields from Mashonaland West Province will benefit from an agreement between Government and the Third People’s Hospital in China’s Hebei Province.

The Central Bank of Nigeria (CBN) is considering holding a part of Nigeria’s external reserves in the Chinese Yuan. This is being considered in order to preserve the value of the nation’s external reserves and eliminate losses at a time of increased volatility in major world currencies.

Africa the ultimate winner in contest for football glory- Business Daily (KEN)
14/06/2010

Whilst much of global economic attention has been on China’s and India’s rise and the renaissance across Asia, Brazil and much of the Gulf, it has been all too easy to overlook Africa’s changing economic landscape.

Chinese bid for Pamodzi mines ‘not good’- Business Day (ZAF)
12/06/2010

Aurora Empowerment Systems’ troubled attempt to acquire two of Pamodzi Gold ’s mines received a boost yesterday when Enver Motala, lead liquidator of Pamodzi’s assets, said a rival offer from a Chinese consortium was “not a good bid”.

Chinese Tourists Thumb Up Nigeria- Guardian (NGA)
12/06/2010

It is not always one hears tourists express great delight, excitement and fulfillment over a destination. However, for this group of Chinese youths visiting Nigeria for the first time, ANDREW IRO OKUNGBOWA who was in their midst writes that they showed great excitement in the course of their 12-day stay in the country.
11/06/2010
Government has roped in some Chinese companies to buy cotton this season as it seeks to increase competition in an industry that has been affected by poor prices.
11/06/2010
The Management of China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) has denied workers’ allegations of wrongful and frequent dismissals; under payment; failure to provide them with safety gadgets and payment of compensation.

Chinese journos robbed as World Cup frenzy kicks off- Standard (HKG)
11/06/2010

Three Chinese journalists have been robbed in South Africa in the latest incident to highlight the dangers for the media and visitors as the World Cup kicks off today.

NAFDAC Impounds Consignments of Fake Drugs Valued At N500 Million- Daily Champion (NGA)
10/06/2010

The National Agency of Food and Drugs Administration and Control (NAFDAC) has intercepted and impounded consignments of Fake Drugs imported through NAHCO Shed of Murtala Mohammed International Airport, Lagos in the past three weeks.

10/06/2010
Two companies, one from Mozambique and one from China, have been granted licenses by the government of Mozambique’s Manica province to catch snakes that are killing people in Guro, an official said in Chimoio Tuesday.

MTN Signs N318bn Financing Loan to Expand Capacity- This Day (NGA)
10/06/2010

MTN Nigeria, a leading telecoms operator in Nigeria has signed a N318 billion loan with a consortium of 17 local and international banks to enable aggressive expansion of its operating capacity across the country.
Country Acquires Rail Equipment for Benguela Line- Angola Press (AGO)
10/06/2010
The Angolan government has invested over USD 89 million in the acquisition of the new rail equipment for the Benguela Railway (CFB), the rail company’s managing director, Daniel Quipaxe, said Wednesday in Lobito District.

Public Works Asphalt Plant Becomes Operationalized -Ministry Seeks Private Partnership- Informer (LBR)
10/06/2010

The Ministry of Public Works has finally tested its newly installed Asphalt Plant brought into the country three years ago.

Ministry of Education delegation returns from China- Ghana Web (GHN)
09/06/2010

A two-member delegation of the Ministry of Education has returned from the People’s Republic of China after attending a workshop at the invitation of the Chinese Government. The four-week intensive training in the Chinese language and culture was attended by 41 government officials from 17 developing countries including Ghana.
09/06/2010
Workers building Mozambique’s new national sports stadium in the outlying Maputo suburb of Zimpeto went on strike on Tuesday, demanding a 20 per cent pay rise, and a lump sum “gratification” on completion of the job.
South Africa sees growing opportunities for trade with other developing countries as new economic powerhouses emerge and Europe is engulfed by economic and currency weakness, its trade chief said on Wednesday.


China and African countries had similar sufferings in the past, rendered mutual support in their struggles for national liberation, and are faced with common tasks for development, which enables them to have many common languages.

China’s Complex View of Africa- Addis Fortune (ETH)
08/06/2010

The increasing role of China in Africa’s infrastructure building and the management of the continent’s economy has become a subject of intense discussion not only by Africans but from people beyond the continent.

Making the most of Chinese aid to Africa- McKinsey Quarterly (USA)
June
It’s time to move beyond sterile arguments and accept China’s role in Africa. But it’s also time for China to enhance that role.

The China–Africa business connection: An interview with the CEO of Standard Bank- McKinsey Quarterly (USA)

June
Jacko Maree describes his experiences working with a Chinese investor—the giant Industrial and Commercial Bank of China.