Weekly news

09/05/2011 to 15/05/2011

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China helps least developed countries with concrete actions -FOCAC (CHN)
13/05/2011
China said here on Wednesday that the least developed countries have become its priority in providing foreign aid, while providing them with assistance without political preconditions.

Kenyans urged to invest in Hong Kong -The Standard (KEN)
13/05/2011
Six years after President Kibaki visited Hong Kong to woo investors to Kenya’s market and showcase opportunities available for Kenyan investors in the country, little progress has been recorded

China seeks tips on how to boost Christianity -The Nation (KEN)
13/05/2011
China wants to use Kenya to promote Christianity within its borders.

Race to get Mnazi Bay power into grid -IPP Media (TZN)
13/05/2011
The government is negotiating with China Exim Bank on the modalities of financing the USD 700 million Mnazi Bay gas-for-electricity project in Mtwara Region in a race to confront the looming power crisis.

China ‘is a rival in construction’ -Business Report (ZAF)
13/05/2011
The future “playing field” of the construction industry would be wider than South Africa and Chinese companies would grab all of this work if local contractors were not careful, listed construction materials group Afrimat warned yesterday.

Swapo defends Nam-Sino ties -New Era (NAM)
12/05/2011
Swapo Party Secretary General Pendukeni Iivula-Ithana and leader of the party’s youth league, Dr Elijah Ngurare, have questioned the wisdom of the perpetual criticism of the relationship between Namibia and China.

Sundance May Sell Half of $4.7 Billion Ore Project to China -San Fransisco Chronicle (USA)
12/05/2011
Sundance Resources Ltd., seeking to develop a $4.7 billion iron ore mine, port and railroad in West Africa, may sell as much as half of the project to a Chinese partner to help fund construction.

Chinese bidders walk away from Kalahari -The Namibian (NAM)
12/05/2011
State-owned China Guangdong Nuclear Power (CGNPC) is studying whether to come back in three months with a fresh bid for uranium miner Kalahari Minerals, majority shareholder in the company developing the Husab mine in Namibia, after withdrawing an offer following opposition from UK regulators.

Chinese man fined sh1m -New Vision (UGA)
12/05/2011
A Chinese national who was intercepted at Entebbe Airport over possession of ivory has been released after paying a sh1m fine.

China helps least developed countries with concrete actions -Ghana Web (GHA)
12/05/2011
China said here on Wednesday that the least developed countries have become its priority in providing foreign aid, while providing them with assistance without political preconditions.

China signs contract to boost Kenya’s road network -The Standard (KEN)
12/05/2011
Kenya’s road infrastructure has received a boost with the signing of the contract with the Chinese government for the construction of the southern bypass to start soon.

A One-Child Policy for Africa? -Moneyweb (ZAF)
12/05/2011
As China considers easing its One Child Policy, African countries should consider versions of their own. After all, the controversial policy has played a major role in lifting from poverty many individuals in a once-stricken country.

DR Congo’s rail revamp backed by China and World Bank -BBC News (GBR)
12/05/2011
A $600m (£368m) project to revamp the Democratic Republic of Congo’s decrepit railway network within four years has been launched in the capital, Kinshasa.

Zimbabwe program would give farmland to Chinese investors -Global Post (USA)
12/05/2011
White farmers in Zimbabwe continue to have land seized while a proposed government program, aimed at helping new black farmers, would give away land to Chinese investors.

President of the Central African Republic Bozize Meets with Chinese Vice Foreign Minister Zhai Jun -FOCAC (CHN)
11/05/2011
President of the Central African Republic Francois Bozize met with visiting Chinese Vice Foreign Minister Zhai Jun in Bangui.

Benin’s President Yayi Meets with Vice Foreign Minister Zhai Jun -FOCAC (CHN)
11/05/2011
Benin’s President Yayi met with visiting Chinese Vice Foreign Minister Zhai Jun in Cotonou, Benin.

Xie Yajing: China-Africa Trade Is Witnessing New Development Opportunities -FOCAC (CHN)
11/05/2011
China and Africa are both developing economies in the process of industrialization and urbanization. Both sides’demands for all kinds of products and technologies are expanding constantly, which is conducive to the fast development of China-Africa trade.

China’s investments in Africa bring multiple benefits: special envoy -FOCAC (CHN)
10/05/2011
China’s investments in Africa have brought multiple benefits to the continent, providing better livelihood, more development opportunities and more choices for local people, according to a senior Chinese diplomat.

Former Tanzanian President hails China-aided national stadium -FOCAC (CHN)
10/05/2011
Former Tanzanian President Benjamin Mkapa has labeled the China-aided national stadium as one of the country’s landmark, the local media reported on Sunday.

Two Chinese nationals granted bail in Kitwe -Lusaka Times (ZAM)
10/05/2011
Kitwe magistrate court has granted bail to two Chinese nationals who were arrested over the weekend for being in possession of over 10, 000 tonnes of copper ore.

China’s tighter ties with EAC signal new scramble for regional business -Business Daily (KEN)
10/05/2011
China has become the latest country to appoint a diplomat to the East African Community secretariat in what is set to heighten the scramble between the Asian country and the US for a larger piece of the regional trading bloc market.

Special envoy of Chinese president attends Djiboutian president’s sworn in ceremony -FOCAC (CHN)
09/05/2011
China’s Minister of Civil Affairs Li Liguo attended here on Sunday the inaugural ceremony ofDjibouti’s President Ismail Omar Guelleh as the special envoy of Chinese President Hu Jintao.

Will Chinese firms deliver as they gain influence in Kenya’s economic scene? -Business Daily (KEN)
09/05/2011
As commuters meander through road diversions, Chinese workers are seen everywhere busy supervising construction, as buyers look through shops for consumer goods like phones, curtains, behind the counters are Chinese workers or the products are from China.

Africa trails China, India in race for funds by emerging markets -The East African (KEN)
09/05/2011
Sub-Saharan Africa only managed to get a few crumbs of the cake of private equity funds that was baked for emerging markets during the first quarter of this year.

Congo Republic launches Chinese-funded hydro plant -The Namibian (NAM)
09/05/2011
The oil-producing central African state of Congo Republic inaugurated a 120 Megawatt Chinese-funded hydroelectric power station late on Saturday aimed at bridging the gap in its energy needs.

Chinese company, RUBADA in power supply partnership -IPP Media (TZN)
08/05/2011
Development Authority (RUBADA) have signed a contract for the production of 165 megawatts in the next two years, aimed at solving the problem of intermittent power rationing Tanzania.

Chinese workers in Libya -Exporting China’s Development to the World
07/05/2011
Acccording to a feature in Nandu Zhoukan, 36 thousand Chinese workers have been evacuated from Libya with an efficiency that, the paper claims, astounded the world.

China is here to stay -Times Live (ZAF)
07/05/2011
China is determined to increase and grow its involvement in Africa to the mutual benefit of both regions.

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