10/05/2009 to 16/05/2009

* New factories in Icolo and Bengo- Journal de Angola (AGO)

10/05/2009
The executive program of the Ministry of Industry allocated 115 plants for the city of Icolo and Bengo. The four companies are located in 2009/2012. Full Story.
* Roads Minister leaves for China- Ghana Web (GHN)
10/05/2009
Mr Joe Gidisu, Minister of Roads and Highways has left Accra for China, at the head of a 30-member delegation of the Association of Road Contractors of Ghana (ASROC), on a two-week Trade and Investment Mission. Full Story.
* Losing bidder challenges Telkom Media’s Asian deal- Business Report (ZAF)

11/05/2009
The excitement over Telkom Media’s newly revived hope of competing with MultiChoice could be short-lived, as one of the losing bidders is seeking a court interdict to reverse the transaction and has filed a complaint with the JSE, claiming violation of the listing rules by Telkom. Full Story.
* Officials commission China-funded hospital- New Times (RWA)
11/05/2009
Health Minister Richard Sezibera and the Chinese Ambassador to Rwanda, Sun Shuzong, yesterday lay a stone foundation at a site in Masaka Sector, Kicukiro District, where a multi-million hospital funded by the People’s Republic of China will be constructed. Full Story.
* Chad blasts Libya’s support to Sudan in UN meeting- Sudan Tribune (SDN)
11/05/2009
The Chadian President Idriss Deby blasted Libya for its opposition last Friday to a UN Security Council condemnation of the Sudan-backed incursion of the Chadian armed opposition begun May 5. Full Story.
* AFRICA: Tractored out by “land grabs”?- IRIN (UN)
11/05/2009
Rich countries and firms are leasing or buying massive tracts of land in developing nations for the production of food or biofuel. Full Story.

* Angola: Bengo province to have a further 100 factories- Macau Hub (MCU)

11/05/2009
One hundred and fifteen factories are due to be built in the 2009-2012 period in the municipality of Icolo e Bengo, in Angola’s Bengo province, using funding from Banco de Comércio e Indústria and the credit line from China, Angolan news agency Angop reported. Full Story.
* Chinese police detained nine African nationals for passport fraud- China View (CHN)

12/05/2009
Nine Nigerian citizens who were allegedly forging passports were detained by police in east China on suspicion of illegal entry and residence, local police said Tuesday. Full Story.

* Lessons from China on building strong economy- Standard (KEN)
12/05/2009

In preparation to a tougher and more competitive economic future, China is investing heavily in science and technology education. Full Story.
* Angola-China trade exceeds 25 billion- Journal de Angola (AGO)
13/05/2009

Trade relations between Angola and China reached 25.3 billion dollars last year. This number turned the country’s largest trading partner in the People’s Republic of China in Africa. Full Story.

 

* Interview: China sets up example for Africans to create miracle through self-reliance- China View (CHN)
13/05/2009
Former Zimbabwe envoy to China, Chris Mutsvangwa, has described China’s transformation and recent development as a “miracle” which has given a positive example to Africa. 
Full Story.

 * Chinese deal threatens IMF aid for Congo- Financial Times (GBR)

14/05/2009
The International Monetary Fund is nearing a deal with the Democratic Republic of Congo worth billions in debt relief and aid. Full Story.
* Investors looking into Africa– Fin 24 (ZAF)

15/05/2009

Having fled Africa in droves during last year’s global financial turmoil, portfolio investors are slowly starting to take another look but are not leaping back in as they have with other emerging markets. Full Story.

* Mozambique to start building $2bn dam in 2010- Engineering News (ZAF)
15/05/2009
Construction of Mozambique’s $2-billion Mpanda Nkuwa Hydro-electric dam in the northern Tete province will begin in 2010, O Pais newspaper quoted the energy minister Salvador Namburete as saying. 
Full Story.

* Nation earns over 1bln USD from export trade– Walta information (ETH)

16/05/2009
The Ministry of Trade and Industry said the country has earned over one billion USD from export trade in the past nine months. Full Story.
 
* Malawi set for elections– Fin 24 (ZAF)
14/05/2009

Inhabitants of Malawi go to the polls next week to elect a president and parliament in elections shaped by an ex-leader’s controversial bid for a third stint in power. Full Story.

 
* Banks pay out for power station- Fin 24 (ZAF)
14/05/2009
Africa’s biggest bank by assets, Standard Bank, and the Industrial and Commercial Bank of China (ICBC) will finance the expansion of the Morupule B Power Station in Botswana. Full Story.

* Chopping away like the Chinese- Standard (KEN)
14/05/2009
As you enter Galaxy Chinese Restaurant in Mombasa, you will be forgiven for thinking you are in Beijing, China, going by the decorations and cutlery. 
Full Story.

* Asia oil giants eye $3 billion stake in Kosmos Energy: sources- Reuters (GBR)
14/05/2009
Asian oil giants including India’s ONGC (ONGC.BO) are among firms eyeing a potential bid for a $3 billion stake in Africa-focused oil and gas independent Kosmos Energy, three sources familiar with the matter said. 
Full Story.

* China to support Ethiopia with $400m- Walta information (ETH)

14/05/2009

An Ethiopian delegation led by the Minister of Finance and Economic Development, Sufian Ahmed, is in China to negotiate a loan of over $400 million with the Chinese government to finance road and power projects in that country. Full Story.

* Table Tennis: Angola picker demand in China- Journal de Angola (AGO)

14/05/2009

The Angolan Federation of Table Tennis (FATMA) is in negotiations with the Chinese Embassy in Angola for hiring the new national selector in place of Miguel Gourgel Angolan, who is also technical director of the national dean of the sport, said the Jornal de angola its chairman, Filomeno Fortes. Full Story.


* Cheap freight, OPEC boost Asia use of W.Africa oil- Reuters (GBR)
14/05/2009
Low freight rates and production cuts by Middle Eastern OPEC oil exporters have led to a big rise in sales of West African crude oil to Asia over the last two months, a Reuters survey shows.
Full Story.