Development agenda boosted by China’s Sh960b loan – The Standard (KEN)
Kenya have received Sh960 million from the Chinese Government to support its development programmes.
British Duped Ghana Millions Of Dollars In Bauxite Sale To Chinese – Ghana Web (GHN)
Months of investigation has revealed traces of negligence and conflict of interest on the part of officialdom resulting in Ghana losing millions of US dollars over the sale of the Ghana Bauxite Company Limited (GBCL) to Bosai Minerals Group; a Chinese company.
The brewing rage against foreign artisans – The Guardian (NGA)
More and more foreign firms are bringing in semi-skilled artisans in gross violation of the expatriate quota law to take up jobs which ordinarily should be meant for Nigerians… Thousands of … Chinese artisans and others from neighbouring African countries abound in construction sites all over the country. It is unfortunate that the construction industry, which is the largest employer of labour, has been taken over by foreigners.
African Minerals in $1.5 billion deal with Shandong – Business Report (ZAF)
African Minerals has sealed a second investment deal with a Chinese group for its flagship iron ore project in Sierra Leone, selling a 25 percent stake to Shandong Iron & Steel for $1.5 billion.
Sinopec Hits First Oil in Niger Delta – All Africa (USA)
China oil giant, Sinopec, has struck oil in its first exploration well drilled in Nigeria’s Block 137, previously owned by Canadian oil giant, Addax Petroleum.
Chinese State Councilor to visit Africa – Xinhua (CHN)
Chinese State Councilor Dai Bingguo will pay an official visit to five African nations from July 20 to 27, Foreign Ministry spokesman Qin Gang announced Tuesday. Qin told a regular press briefing that the five countries include Ethiopia, Algeria, Equatorial Guinea, the Democratic Republic of Congo and Zambia.
Chinese investment changes face of downtown Harare – Xinhua (CHN)
Downtown Harare has assumed a new image characterized by clean, spruced up buildings that now house mostly small to medium Chinese retail firms.
Governor of Nampula province, Mozambique, calls for investments from China – Club of Mozambique (MOZ)
The governor of Mozambique’s Nampula province, showed his interest to the Chinese deputy trade minister, Chen Jiang, in Chinese businesspeople investing in the province’s agri-industrial sector, according to Mozambican newspaper Notícias.
President Isaias Holds Talks With Delegation From Chinese Exim Bank – All Africa (USA)
(Eritrean) President Isaias Afwerki today received and held talks with a delegation from Chinese EXIM Bank headed by Mr. Li Ruogu, President of the Bank. In the meeting at the Denden Hall here in the capital, President Isaias pointed out that relations between the Eritrean and Chinese governments is special and strategic. He further stated that China’s collaboration in the implementation of development programs in Eritrea is not to be viewed lightly.
Chinese Company Sues State Insurance Company – All Africa (USA)
China Road and Bridge Corporation (CRBC) Addis Engineering Plc dragged Ethiopian Insurance Corporation (EIC) to court, claiming insurance coverage worth over two million Birr for damages caused to its construction site on a road project in the Afar Regional State two years ago.
Chinese enterprises have flourished in Africa. But as some Western countries are nervous about the deepening development of China-Africa relations, accusations of “China Threat” and “China’s Neo-colonialism” are frequently seen on the press. In this context, the questions of how to view China-Africa economic cooperation and change the Western misunderstandings and bias have become an unavoidable issue for China in its participation in global market competition. With these questions, this reporter interviewed Dr. He Wenping, Director of African Studies ofInstitute of Western Asian and African Studies, Chinese Academy of Social Sciences.
In this edition of the China in Africa podcast, host Eric Olander talks with the editor of chinaafricanews.com and London School of Economics masters candidate, Henry Hall, about the future of the famed Tanzam railway. The rail line, also known as the Tazara railway, serves as an important milestone in Sino-African relations as it marks Beijing’s first major infrastructure project on the continent.
More than 100 million China-made condoms were exported to South Africa before the World Cup kickoff, Beijing-based Legal Evening News reported. Although the Chinese national soccer team failed again to show up at the World Cup, which ended on July 11, Chinese manufacturers have done a much better job with the China-made Jabulani, the official match ball, vuvuzelas and condoms.
CNBC Africa/ABN Digital tackle the “China in Africa” question head on in a recent segment that provides a very pro-business view on the subject (not surprising coming from CNBC). Although the host leverages a number of the old cliches of Chinese “colonialism,” all in all, it’s definitely worth viewing.
Chinese Investment in Africa: Good Deals or Bad? – Deborah Brautigam’s Blog (USA)
Are Chinese companies consistently paying inflated prices? Or are they “ripping African countries off”? Has behavior changed over time? If it varies, why and how?
Six months for stadium revamp completion – The Monitor (UGA)
Team leader of the Chinese engineers to oversee the renovation of Mandela National Stadium, Namboole, Sun Hua, is optimistic work will be completed in six months.
Africa’s untold story is of a booming continent and a growing middle class -The Guardian (GBR)
Ten years ago the Economist pulled no punches in a cover story about Africa with its headline: “The hopeless continent.” Now Africa is leading the way with a “spectacular” recovery from the global recession thanks to decades of market reform and strong trade ties with China, the African Development Bank’s (ADB) chief economist said last week.
Chinese Govt Delegation Leaves Luanda – All Africa (USA)
A Chinese government delegation headed by deputy minister of Commerce Chen Jian, that held a two-day working visit to Angola in the framework of strengthening bilateral cooperation, left the country on Thursday evening. Upon his arrival in the country, Chen Jian told Angop that this trip to Angola would serve to deepen the excellent cooperation relations and launching new areas of cooperation such as industry, agriculture and agro-industry.
China Imports Yam From the Country – All Africa (USA)
The Federal Government has disclosed that China has ordered for 200,000 tonnes of yam from Nigerian farmers with a resolve towards standardizing the produce for international market.