China promotes dialogue between Sudan, South Sudan – FOCAC
China said Tuesday that its special envoy’s visits to Sudan and South Sudan were aimed at promoting amity between the two countries, in an effort to safeguard regional peace and stability. Foreign Ministry spokesman Liu Weimin made the remarks at a regular press briefing in Beijing. Special Representative of the Chinese Government on African Affairs Zhong Jianhua visited Sudan and South Sudan from March 10 to 13, said Liu.
China in Africa: How the Lion Should Tame the Dragon – International Affairs Review
Many Western policymakers, politicians, and business leaders have viewed China’s engagement in Africa with vituperation, accusing China of extracting Africa’s natural resources on the cheap and exploiting weak political institutions for economic gain while leaving Africans with the crumbs. However, the only thing China exploits is the improvidence of some of Africa’s political elite.
Sudanese president meets Chinese representative on African Affairs – Xinhua News (CHN)
Sudanese President Omar al- Bashir on Sunday met here with Zhong Jianhua, China’s Special Representative on African Affairs, according to a statement by the Chinese Embassy in Khartoum. Zhong arrived in the Sudanese capital Saturday for a three-day visit to the African country.
Ghanaian Community –China Celebrate Ghana@55 – Ghana Web (GHA)
The city of Guangzhou, China host Ghanaians on 24th March, 2012 as part of the 55th Independence Day Celebration. The event is organized by Ghanaian Community in conjunction with Ghana Embassy in China.
Sino-African cooperation to grow – China Daily (CHN)
Standard Bank predicts relationship will become closer over this decade. Standard Bank Group Ltd, Africa’s biggest lender by assets, said on Thursday that China and Africa will experience a “honeymoon” period during the next 10 years in terms of investment, and their areas of cooperation will be extended.
China to support Tanzania`s development plan – IPP Media (TZA)
China has said it will stand together with the Tanzanian people in ensuring successful implementation of the country’s Five Year Development Plan running from 2011/12 to 2015/16). “The Chinese people will stand together with their Tanzanian counterparts during this period of implementation of the development plan.
Chinese delegation’s advice to Tanzania – The Citizen (TZA)
Tanzania will attract more investment from China if it addresses insecurity and improves its physical infrastructures, according to the Chinese Business Chamber. The chairman of the chamber, Mr Janson Huang, said Tanzania has many potentials but was losing billions of dollars from Chinese investments. This is because of concern about insecurity among investors from the Asian economic giant coupled with the poor infrastructure, especially roads, he said
Nigerian bankers say RMB trading promising in Nigeria – FOCAC (CHN)
The Chinese currency Renminbi (RMB) is certain to play a vital role in the trade transactions between Nigeria and China as Nigeria’s central bank opened trading in RMB since last January and has transformed 500 million U.S. dollars of its foreign reserve into RMB in the past six months, Nigerian bankers told Xinhua in a recent interview.
Beijing resets its Africa policy amid economic success – Africa-Asia Confidential (GBR)
Hostage-taking, festering regional disputes and rising domestic criticism are all complicating the politics of Beijing’s Africa policy.
Rand Falls for 2nd Day as China Concern Damps Export Prospects – Bloomberg
The rand declined for a second day as signs of a slowdown in China, South Africa’s biggest trading partner, damped prospects for the nation’s commodity exports. The currency of Africa’s biggest economy retreated as much as 0.5 percent and traded less than 0.1 percent weaker at 7.5712 per dollar as of 4 p.m. in Johannesburg. Yields on the government’s 6.75 percent bonds due 2021 were unchanged at 7.84 percent.
S.Africa stocks down, China concerns hit resources – Reuters Africa
South African stocks edged lower on Monday, snapping three straight days of gains as worries about softer demand in commodity-consuming giant China hit resource firms such as Kumba Iron Ore. Chinese officials have suggested 2012 could be one of the worst years ever for the domestic steel sector, with overcapacity and slow demand continuing to erode margins, and some say iron ore import volumes could fall this year.
ECOWAS Steps Up Preparations for Business Forum With China – All Africa (USA)
ECOWAS has intensified preparations for the Second Business Forum with China with the inaugural meeting of the Presidents of the Regional Business Associations (RBAs) and a joint meeting with the Inter-Ministerial Private Sector Organizing Committee for the forum, taking place in Accra, Ghana 20th -21st March 2012.
China Confidential Opens New Office in South Africa – PR Web (ZAF)
China Confidential, a leading China procurement consultancy, is pleased to announce the opening of its new office in Johannesburg, South Africa, to support local businesses in their product sourcing from Chinese manufacturers. Senior Account Manager, Pierre Cronje, is available for consultation and is backed his project team in China for reliable advice on how to cut costs and reduce risk in a China supply chain.
Oil and Energy
Aveng set to participate in Franco-Chinese nuclear bid consortium – Engineering News (ZAF)
South African construction group Aveng is mobilising internally for a possible nuclear energy bidding process, indicating on Wednesday that it was likely to participate in a consortium involving French and Chinese partners.
Transport and Infrastructure
Addis Ababa-Adama road project progressing as per schedule – Walta (ETH)
The Ethiopian Roads Authority (ERA) said the Addis Ababa-Adama road project being built at a cost of over 8 billion birr is progressing as per the schedule. Authority Communication Directorate Director, Samson Wondimu, told WIC today the six-lane road project is now more than 31 percent complete.
Zambia: China Boosts Tazara Operations – Times of Zambia (ZAM)
China has injected US$66.2 million (K344 billion) in Tanzania-Zambia Railway Authority (TAZARA) to rehabilitate infrastructure and revamp operations. The money would be given in form of a grant amounting to $23.5 million (K123 billion) for the rehabilitation of the railway line and related infrastructure while $42.6 million (K223 billion) would be an interest-free loan to revive the operations.
GATSIOUNIS: China biggest beneficiary of its African largess – The Washington Times (USA)
When the new Chinese-funded African Union headquarters was unveiled recently in Addis Ababa, Equatorial Guinea’s president, Teodoro Obiang Nguema Mbasogo, hailed the $200 million spectacle of marble and glass as “a reflection of the new Africa.” Ethiopian Prime Minister Meles Zenawi called it a symbol “of the African renaissance.”
Trading places – Africa-Asia Confidential (GBR)
Traders are the visible target for the merchants, unions, consumers and politicians angered by the impact of China’s growing ties to Africa. Nevertheless, some African governments are resisting popular pressure and have so far struggled or refused to regulate the retail industry.
Zambia, China revive ties – Business Live (ZAF)
Zambia and China are actively putting their bilateral and trade relations back on a firm footing after doubts arising from the election of a new government in Zambia. There was feverish activity as 2011 drew to a close with a quickening of high-level contacts between the two countries. By then there was already a standing invitation to President Michael Sata from his Chinese counterpart Hu Jintao to visit the People’s Republic of China.
Zambia: President Sata Seeks More Chinese Investment – Times of Zambia (ZAM)
President Michael Sata has invited Chinese investors to explore various areas of investment in the country. The President said this yesterday during a meeting at State House with a 14- member delegation from Beijing led by Mr Luo Tao, the general manager of China Non-ferrous Metal Mining Company (CNMC) group.
China’s Piece of the African Cake – Aid Netherlands (NED)
We all know that China is deeply invested in Africa. There is, at least on the surface, a mutually beneficial relationship to be had between China and individual nation states. China has money, the capacity to invest and build in Africa, and tends not to be too concerned with such niceties as human rights. Africa has natural resources, a craving for outside investment, and a desire to work with investors who won’t go about encroaching on national sovereignty.
Lusaka welcomes Asia, again – Africa-Asia Confidential (GBR)
The former scourge of Chinese investors, President Michael Chilufya Sata, has reshuffled his Patriotic Front government to placate Asian and other investors and to streamline economic policy. On 3 February, he moved the outspoken Labour Minister, Chishimba Kambwili, who had lambasted Chinese and Indian economic interests and upset the Chinese Ambassador among others, to the Sports Ministry.
Winners and losers in the contract rush – Africa-Asia Confidential (GBR)
Chinese investment in Zambia continues to boom under President Michael Sata’s Patriotic Front government, despite the rhetoric of his unruly ministers.
Standard Bank Bets on China-Africa Deals – Wall Street Journal (USA)
South Africa’s Standard Bank Group Ltd. is capitalizing on growing China-Africa trade deals as it reaps the rewards of its close relationship with the Industrial & Commercial Bank of China Ltd.
WWF proposes China-Africa cooperation for green economy – WWF Global
Africa and China can work together towards the common goal of sustainable development, says WWF, the global conservation organization. The upcoming China-Africa Ministerial Conference, in July 2012, presents a key opportunity to make China’s trade and capital flows a driving force for global footprint reduction and green growth in Africa a possible future.