World Bank blacklists Chinese firms- Standard (KEN)
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)
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.
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.
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.
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.
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)
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.
Experts advice govt to sign deal with oil firms- New Vision (UGA)
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)
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.
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)
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.
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.
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.
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.
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.
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.
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.