Chinese vice premier calls for closer cooperation with Central Africa – FOCAC
Vice Premier Li Keqiang met with President of Central Africa Francois Bozize on Tuesday, pledging to strengthen cooperation between the two countries. Li conveyed President Hu Jintao‘s greetings to Bozize during their meeting in Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region.
Chinese Vice Premier calls for closer co-op with Central Africa – China Daily (CHN)
Vice Premier Li Keqiang met with President of Central Africa Francois Bozize onTuesday, pledging to strengthen cooperation between the two countries.
China working towards a better Zimbabwe – The Herald (ZIM)
The Chinese government and its people have been supporting the Zimbabweans since the early days of the struggle for independence.
Hui Liangyu Meets with Ethiopian Acting Prime Minister Hailemariam Desalegn – FOCAC
Chinese Vice Premier Hui Liangyu, who is here to attend the funeral of Ethiopia’s late Prime Minister Meles Zenawi, met with Ethiopian acting Prime Minister Hailemariam Desalegn.
China’s approach in Africa beats the West’s – Business Daily (KEN)
U.S. Secretary of State Hillary Clinton’s recent 10-day tour across Africa represented a strategic caving-in of sorts. In many of the places she visited, China had gotten there first.
Chinese vice premier meets Tanzania’s Zanzibar president on cooperation – FOCAC
Visiting Chinese Vice Premier Hui Liangyu met here with Ali Mohamed Shein, president of Tanzania’s semi-autonomous region Zanzibar, both pledging to advance cooperation in infrastructure, sanitation and agriculture.
China plays major role in promoting Africa`s development – IPP Media (TZA)
In order to promote further the bilateral relationship between China and Tanzania, the State Council Information Office of the People’s Republic of China invited a group of Tanzanian journalists to a 10-day reporting visit to the country.
Finance and Banking
South-South know-how exchange said essential for Africa’s economic future – Walta Info (ETH)
South-South investment and exchange of know-how are key sources of growth and prosperity in Africa – and Huajian Group of China’s experience in Ethiopia is really edifying.
China encourages companies to invest in Rwanda: Premier Wen – FOCAC
China encourages its enterprises to invest in Rwanda to seek common development with local businesses. Chinese Premier Wen Jiabao made the remarks when meeting with Rwandan President Paul Kagame on the sidelines of the Summer Davos Forum before its opening in north China’s Tianjin Municipality.
For Africa to stay relevant, we need to resolve issues within us – President Kagame – The Rwanda Focus
President Paul Kagame yesterday told delegates at the World Economic Forum in China that for Africa to stay relevant, ‘the continent needs to resolve issues within us.’
Emerging Powers in Africa – Amb. David Shinn
Click here to read an updated version of my paper titled “Emerging Powers in Africa.” I have presented this paper over the last several years at the Africa Center for Strategic Studies at the National Defense University in Washington. I presented this version on 13 September 2012.
Nigeria borrows $600 million from China’s Exim for projects – Reuters (GBR)
Nigeria has signed a deal to borrow $600 million from China’s Export-Import Bank, most of which will be used to build a railway servicing the capital Abuja and surrounding areas, the finance ministry said on Wednesday.
Come be part of Africa’s revival – President Kagame – The Rwanda Focus
President Paul Kagame has arrived in Tianjin, China to attend the World Economic Forum’s sixth Annual Meeting of the New Champions.
A new beginning – China Daily (CHN)
With the Southern African Development Community set to become a common market within three years and a monetary union by 2016 – and with the launch of a single currency among the 15 member states by 2018, Zimbabwe is poised to receive great economic benefits in the near future.
Ghana to create better environment for investors: minister – FOCAC
Ghana’s Trade Minister Hannah Tetteh said Thursday that the government would continue to create a conducive atmosphere for people to invest in the country.
Dispelling the myths of China’s presence in Africa – China Africa Real Story
The Financial Times magazine “This is Africa” asked me to write an op-ed for their current issue.
Chinese train maker signs South Africa contract – China Daily (CHN)
China’s largest train manufacturer, CSR Corp Ltd, on Monday announced its subsidiary company has secured a contract worth $400 million to supply freight electric locomotives to South African logistics firm Transnet.
Mining and Metals
China flooding globe with cheap steel – The Globe and Mail (CAN)
China is ramping up its global exports of cheap steel, sometimes at a loss, as bulging stocks of the alloy give way to a worsening domestic demand picture for the commodity consuming giant.
Power costs, Chinese slowdown to weigh on manganese industry- Mining Weekly
South Africa would remain the base-load supplier of manganese ore for many years to come, although the next two to five years would be challenging for the local industry, United Manganese of Kalahari CEO Johan Kriek said on Friday.
Oil and Energy
South Africa allows exploration of fifth-biggest shale deposits – Energy
South Africa, which has the world’s fifth-largest shale gas resources, lifted a moratorium on the exploration of natural gas trapped in rock, the mines ministry said.
IBM targets South African entrepreneurs – South Africa.info
Multinational IT firm IBM announced on Monday that its Global Entrepreneur Programme is now being extended to next-generation entrepreneurs in South Africa for the first time.
Research and Markets: trauma fixation market outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018 – Herald Online (GBN)
Research and Markets has announced the addition of GlobalData’s new report “Trauma Fixation Market Outlook in BRICS (Brazil, Russia, India, China, and South Africa) to 2018 to their offering.
Africa and China: Traders and Resources – Amb. David Shinn
The Australian Strategic Policy Institute and the Johannesburg-based Brenthurst Foundation co-hosted in May 2012 an international dialogue on natural resource demand and China’s economy. The event took place in Zambia. The participants concluded that China’s appetite for resources will eventually abate and that could happen with cruel suddenness.
Increasing hostility towards Chinese traders – Irin Global
In the last decade, Asian migrants have fanned out through southern Africa, opening shops in small towns and rural backwaters. While consumers in countries facing increasing economic hardships have come to depend on their low prices, local shop owners complain they are being forced out of business, pressuring governments to introduce restrictions on foreign traders.
Transport and Infrastructure
Nigeria’s Federal Capital Territory to get new railway as China’s Exim Bank Grants$600m Loan – Ventures
Nigeria’s Federal Capital Territory, Abuja and its surrounding areas will soon be benefiting from a new railway system, thanks to a loan agreement signed between the Nigerian government and the Chinese Export-Import bank (Exim), the ccountry’s Finance Ministry announced yesterday. The amount of the loan is to be $600 million; terms agreed at 2.5 percent over a 20 year period with a seven year grace period.
Kenya and Uganda in talks with China over joint railway – Business Daily (KEN)
Kenya and Uganda are jointly negotiating with China to fund and construct a new standard gauge railway that will connect the two countries.
$60M Ministerial Complex Deal Finalized, China, Liberia Sign Agreement – Daily Observer (USA)
The Government of Liberia is moving forward in its agreement with the People’s Republic of China for the latter to construct the proposed US$60 million inter-ministerial complex, expected to host multiple ministries of government simultaneously. The edifice, once completed, will be the second largest built by China in Africa.
China offers $1.1B loan deal to Nigeria to build airport terminals, light rail in capital – Washington Post
China is offering Nigeria $1.1 billion in loans to help the West African nation build airport terminals, a light rail line for its capital city and communication system improvements, the country’s Finance Ministry said Wednesday.
Train maker signs S Africa contract – China-Wire (CHN)
China’s largest train manufacturer, CSR Corp. Ltd., on Monday announced its subsidiary company has secured a contract worth $400 million to supply freight electric locomotives to South African logistics firm Transnet.
China’s appetite, U.S. aid feeding elephant slaughter – Charlotte Observer (USA)
Not long ago it looked as though elephant poaching in Africa was on the downswing, in part because of more rigorous enforcement of a global ban on trade in most elephant ivory imposed in 1989.
South Sudan plans China-backed $2.5 billion university project – Reuters (GBN)
South Sudan plans to build five new university campuses with $2.5 billion in oil-backed loans from China, a minister said on Thursday, to boost education in a country where just over a quarter of adults can read.
Medical Services boss commends China’s assistance in health sector –Xinhua News (CHN)
Kenya’s Minister for Medical Services, Professor Peter Anyang’ Nyong’o on Thursday hailed China’s contribution to the country’s health sector, which he said the country has immensely benefited from.
Peripheral Vascular Devices Market Outlook in BRICS (Brazil, Russia, India,China, South Africa) to 2018 – Herald Online (GBN)
GlobalData’s new report, “Peripheral Vascular Devices Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018” provides key market data on the Peripheral Vascular Devices market in the BRICS countries.
Chinese drug makers seek to invest in E African market – Business Daily (KEN)
More than 20 Chinese pharmaceutical manufacturers are in Kenya, seeking to benefit from rising demand for drugs and equipment in the East African market.
China-Africa and Sustainable Development – Amb. David Shinn
A brief analysis of the July 2012 Forum on China-Africa Cooperation (FOCAC) on 28 August 2012 by Harrie Esterhuyse, research analyst at the Centre for Chinese Studies at Stellenbosch University, emphasizes that China has finally acknowledged the importance of sustainable development in its relations with Africa.