All last week’s China Africa developments:
Ecobank and Bank of China partnership to boost trade- Business Daily (KEN)
Kenya’s trade transactions with China and South Africa are set to grow even stronger as a local bank has signed an agreement with the Bank of China and is to start operations in South Africa. Full Story.
Shell Could Sell over $10bn in Assets- This Day (NGA)
When asked about Chinese approaches to the Nigerian government, newly-appointed CFO, Mr. Henry, told analysts on a conference call that the oil major would resist the Chinese move. Full Story.
The publicly-owned Maputo bus company, TPM, has recognised that the import in 2008 of five Chinese manufactured buses running on natural gas was “a very bad deal”. Full Story.
Textile: Nigeria Loses $325m to Smuggling Annually- This Day (NGA)
Nigeria loses a staggering of $325 million every year due to evasion customs duty and Value Added Tax by smugglers of textile material the Nigerian Textile Manufacturers Association (NTMA) has disclosed. Full Story.
Mine reinstates workers- News 24 (ZAF)
Chinese-owned NFC Africa Mining reinstated 79 miners suspended for suspected sabotage at its Chambishi copper mine, a Zambian newspaper reported on Sunday. Full Story.
Road toll increases and its impact on road maintenance in Ghana- Ghana Web (GHN)
Country Signs Deal with France to Install Security Equipment at JKIA- Business Daily (KEN)
Kenya has reached a Sh9.8 billion financing deal with the French government to help instal key security and other operation equipment at the Jomo Kenyatta International Airport (JKIA) which is undergoing expansion. Full Story.
Phase 2 of optic fibre project continues- New Vision (UGA)
WORK on the second phase of the national transmission backbone infrastructure project is going on despite a parliamentary directive stopping it, MPs heard yesterday.Full Story.
The government of South Sudan (GoSS) is mulling continuing the oil sharing arrangement with the North in a post-secession world to prevent an economic collapse, a senior official in Juba said today. Full Story.
British oil firm to prospect oil in Ethiopia- Sudan Tribune (SDN)
The London based Tullow Oil, is expected to prospect oil in Ethiopia after a deal signed with the US SouthWest Energy which holds acreage in the Horn of Africa country. Full Story.
China wary of ICC genocide ruling against Sudan president- Sudan Tribune (SDN)
The Chinese government today expressed concern over the possible impact of the International Criminal Court (ICC) ruling made this week that paves the way for adding the charges of genocide to the arrest warrant issued against Sudanese president Omer Hassan Al-Bashir. Full Story.
Kinshasa’s missing millions- Africa-Asia Confidential (GBR)
Over US$23 million in signature bonuses payable on China’s $6 billion Sino-Congolaise des Mines (Sicomines) deal with the Kinshasa government have been stolen according to a probe by a commission set up by the National Assembly. Full Story.
Fixing Kinshasa’s broken boulevards- Africa-Asia Confidential (GBR)
Agreed in November 2009, the second phase of infrastructure deals associated with theSicomines joint venture is worth US$400 million and is expected to provide Congolese PresidentJoseph Kabila with a list of projects about which he can boast in the 2011 national elections. Full Story.
Beijing’s builders are back- Africa-Asia Confidential (GBR)
The on-again off-again plan to renovate the railway linking coastal Lagos to Kano in the north may formally start up this year, but questions about the validity of any contract signed between the Chinese companies and the Nigerian government remain until the current political crisis is solved. Full Story.
China Union’s clouds have iron linings- Africa-Asia Confidential (GBR)
More than a year and two amendments later, progress is finally being made on little-known China Union’s US$2.68 billion deal to redevelop Liberia’s Bong Mines. Full Story.
Tullow takes Lake Albert- Africa-Asia Confidential (GBR)
In February, after months of political jockeying, Tullow gained control of all of the oil under Lake Albert, allowing it to bring in its preferred partner, the China National Offshore Oil Corporation. Full Story.