09/03/2011 to 15/03/2011

Stories this week

US, China tussle over Africa: governments warned to exercise caution -Bizcommunity (ZAF)
15/03/2011
As African governments spread their wings to embrace China’s no-strings-attached ideological and economic involvement in Africa at the expense of the Us, experts urge the continent to guard against a ‘simplistic shift’ in allegiance from west to east, according a Standard Bank Economic Strategy report.

Chinese vice FM visits four nations in West Asia, North Africa -FOCAC (CHN)
15/03/2011
Chinese Vice Foreign Minister Zhai Jun visited Algeria, Tunisia, Egypt and Saudi Arabiafrom March 6 to 12 amidst unrest in the Middle East and North Africa.

Wade in talks with China over construction of Dakar-Bamako railway -FOCAC (CHN)
15/03/2011
In an interview carried by the local press on Friday, Senegalese President Abdoulaye Wade revealed that he was negotiating with China over the construction of the Dakar-Bamako (Mali) railway line.

China’s hybrid millet possible solution to Africa’s food shortages -FOCAC (CHN)
15/03/2011
A new variety of China-bred hybrid millet has yielded bumper harvests on trial plantation in some African countries, with its output at least doubling that of local millet varieties.

China-Africa Hope Project launched in Tanzania -FOCAC (CHN)
15/03/2011
China-Africa Hope Project, which is launched by the WECBA and the CYDF, began in Tanzania on March 8. On March 9, a foundation laying ceremony of the primary school with the aid of China’s Hope Project was held in Msoga village of Bagamoyo in Tanzania.

Chinese Ambassador’s Remarks at Ceremony of Ronier Oilfield Project Completion in Chad -FOCAC (CHN)
15/03/2011
Today, I am very pleased to attend this Ceremony for the Completion of the Ground Work, Pipe Engineering Machinery and Valve Opening.

Graduation Ceremony for First Chinese Language Training Class in Botswana Held at Embassy -FOCAC (CHN)
15/03/2011
The Chinese embassy in Botswanaheld graduation ceremony for the firstChinese language training class for employees of the Labor and Interior Ministry (supervising Labor and Immigration Bureaus, among others) on March 3, 2011.

Chinese wind-turbine maker Goldwind sees growth in SA -Engineering News (ZAF)
15/03/2011
China-based wind-turbine manufacturer Goldwind International officially opened a subsidiary company, Goldwind Africa, in Cape Town on Monday with the aim of supplying wind turbines, as well as wind energy project finance, to the African market.

Government, China sign cooperation pact -The New Times (RWA)
15/03/2011
An agreement on economic and technical cooperation between Rwanda and the Government of the People’s Republic of China was signed at the Foreign Affairs Ministry yesterday afternoon.

Africa needs to fight now for better deals -IPP Media (TZN)

15/03/2011
Africa has a unique chance at this historic time to make a leap in its development through prudent use of its resources. It should do everything to grab it.

Go for technology deals from China and India, Africa urged -IPP Media (TZN)
14/03/2011
African countries have been advised to negotiate for technology from China and India in exchange for resources, rather than exporting raw materials to earn foreign currency.

$30m Taiwan loan squeezes Sata -Lusaka Times (ZMB)
14/03/2011
Patriotic Front (PF) president Michael Sata is reportedly under pressure from the Taiwanese Green Party (GP) to pay back close to US$ 30 million he is alleged to have gotten to finance his 2006 and 2008 campaigns in exchange for land.

Ghana’s gold rush lures Chinese -Ghana Web (GHN)
14/03/2011
The groan of excavators, abandoned pits filled with stagnant brown water and the local chief’s expensive off-road car hint at the mine tucked away in a bamboo forest in Dikoto, western Ghana.

Still on NITEL -The Nation (NGA)
14/03/2011
IF media reports are anything to go by, the Federal Government may have perfected plans to regain the full control of Nigerian Telecommunications Ltd (NITEL) and make it once again, a state-owned parastatal. This is coming on the heels of rumour of the fifth failed attempt to privatise the telecommunication firm. The ‘New Generation Consortium’, which comprises China’s second biggest carrier: China Unicom, Minerva (a Dubai-based company), and a local firm: GiCell bided $2.5 billion to emerge as the preferred bidder for the company’s equities.

NPDC oil production to hit 250,000 bpd by 2015 -The Vanguard (NGA)
14/03/2011
FOLLOWING a strategic partnership between the Nigerian National Petroleum Corporation (NNPC), Addax Petroleum and Maersk Oil geared at growing the crude oil production of the Nigerian Petroleum Development Company (NPDC), the company, a subsidiary of the NNPC is set to grow its daily oil output from its current 70,000 barrels per day to an ambitious 250,000 barrels per day by 2015.

SPDC JV sponsors China – Nigeria business summit -The Vanguard (NGA)
14/03/2011
More than 160 Nigerian and Chinese companies met in Abuja recently to explore business opportunities in the oil and gas industry.

Africa counts gains of booming trade with Asian tigers -Business Daily (KEN)
14/03/2011
The explosion of commerce between emerging economies and the countries of sub-Saharan Africa is a striking hallmark of the new trend in international trade and investment.

China’s Xinjiang Goldwind targets African growth -Reuters
14/03/2011
China’s Xinjiang Goldwind Science and Technology, the world’s No. 5 maker of wind turbines, opened an office in Cape Town on Monday with the aim of supplying equipment and project finance in Africa.

Ethiopian Airlines, Air China to Build Five-Star Hotel -Ezega (ETH)
12/03/2011
Ethiopian Airlines is establishing a joint venture company with Hainan Air of China and China Africa Development Fund (CADF) to build five-star hotel near the Addis Ababa Bole International Airport, according to the Reporter.

Money, minerals make for Africa-China marriage -Reuters
11/03/2011
China has been Africa’s No. 1 investor for years and its newly affluent could soon follow by sending large flows of cash into the quickly emerging continent looking for better returns than in Asia.

Africa trading with China: A positive focus -Africa Good News (ZAF)
11/03/2011
“The evolving relationship between China and Africa could be one of the most important developments in the international relations of the post-Cold-War era,” say Kweku Ampiah and Sanusha Naidu.

Chinese Expert on China-Africa Relations over Past 55 Years -FOCAC (CHN)
11/03/2011
Liu Youfa, Vice-President of China Institute of International Studies interviewed on“China Talks with the World”.

Eight Major Commercial Associations Jointly Declare Commitments to “Counterfeit Combating and IPR Protection” -FOCAC (CHN)
10/03/2011
On 17 February, eight chambers of commerce and associations held a joint ceremony to announce their commitments to ‘Combat Counterfeits and Protect Intellectual Property Rights’ for exports to Africa in Beijing.

Kosmos Rejects Bid for Jubilee Oil Field Stake -Ghana Web (GHN)
10/03/2011
Kosmos Energy LLC, the U.S.-based oil explorer focusing on West Africa, rejected a joint bid from China National Offshore Oil Corp., BP Plc (BP/) and Ghana National Petroleum Corp. for its stake in the offshore Jubilee field.

Chinese add muscle to Wesizwe’s big plans -Business Day (ZAF)
10/03/2011
WESIZWE Platinum needs to secure competition approval for an $877m transaction with a Chinese consortium to build a platinum mine and negotiate a new board for the company after its shareholders gave resounding support for the long-awaited deal on Wednesday.

Beijing lifts SA investment -Business Day (ZAF)
10/03/2011
Despite being the world’s largest end user of platinum China hasn’t until now invested in the sector

Chinese imports put strain on Ceramic Industries -Business Report (ZAF)
09/03/2011
Cheap ceramic tile imports from China and the slump in the building of new homes watered down the financial performance of listed tile and sanitaryware manufacturer Ceramic Industries in the six months to January.

China Hunts for Uranium -The Wall Street Journal (USA)
09/03/2011
A Chinese nuclear-power company is moving to acquire a stake in a big Namibian uranium deposit, and Beijing said Tuesday that China is poised to overtake the U.S. as the world’s top user of the nuclear-power fuel.