Weekly news

12/05/2010 to 14/05/2010

Lamu Port ‘dream’ on the way to reality- Standard (KEN)
14/05/2010
To many, the reality of what is coming up in Lamu town is too good to be true. The obscure port along the Kenyan coastline is about to rival world famous ports and business hubs like Dubai in theUnited Arab Emirates. Full Story.

Lamu residents may feel like fish out of water- Standard (KEN)
14/05/2010

Within three years of the envisioned Lamu Port, the island will host an estimated one million new inhabitants. Full Story.

Will Kenya be lucky this time?- East African (KEN)
14/05/2010

After nearly six months of waiting for signs that Kenya has commercial oil deposits in Isiolo, Energy Minister Kiraitu Murungi is once again full of optimism. Full Story.

Refineries: NNPC, Chinese Firm Sign $28.5bn Deal- This Day (NGA)

14/05/2010

A major step in the nation’s quest for self reliance in petroleum and associated products production was taken yesterday when the Nigerian National Petroleum Corporation (NNPC) and China State Construction Engineering Corporation Limited (CSCEC) signed an agreement for the joint sourcing of funds for the construction of three Greenfield refineries and a petrochemical plant estimated to cost $28.5 billion. Full Story.

China fund looks to invest in SA auto, power and tractor sectors- Engineering News (ZAF)
14/05/2010
The China-Africa Development Fund (CADFund) is working on facilitating investments in the automotive, power generation and agricultural markets in South Africa, says CEO Chi Jianxin. Full Story.

12-lane highway takes shape- Daily Nation (KEN)
14/05/2010

Kenya’s first 12-lane highway has begun to take shape, well on course to be ready for use in 12 months. Full Story.

New pay TV grows to 10,000 subscribers- Monitor (UGA)
14/05/2010
With just three months of operation, the new Chinese digital StarTimes television has hit a 10,000 subscriber mark, a top official has said. Full Story.

Has China’s U.S.$20 Billion Investment in Country’s Oil Industry Paid Off?- Pambazuka (KEN)

14/05/2010

For many of Africa’s rent-seeking regimes, China’s entrance as a resource-hungry global creditor is manna from the ancestors. Full Story.

At Least 21 Miners Killed in China Colliery Blast- Angola Press (AGO)
14/05/2010
An explosion at a coal mine in China’s south-western Guizhou province has left 21 miners dead, state media reports. Full Story.

Chinese Ministry of Commerce Defends China’s Investment in Africa- FOCAC (CHN)
14/05/2010
In an interview with Wall Street Journal, Fu Ziying, China’s vice Minister of Commerce, refuted the Western criticism onChina’s investment in Africa, declaring that the Chinese investment is “more market-driven”. Full Story.

More Locomotive Engines to Arrive Soon – NRC- This Day (NGA)
13/05/2010

The Nigerian Railways Corporation (NRC) is to receive the next five new diesel locomotives from General Electric at the end of the month. Full Story.

Wiphold signs R1,65bn deal to build SA cement factory- Business Day (ZAF)

13/05/2010
Top investment company Women Investment Portfolio Holdings or Wiphold says its signed a R1,65bn deal with a Chinese consortium to build a new cement plant in Limpopo Province. Full Story.

Zijin confident Congo deal will survive- Business Day (ZAF)
13/05/2010

A Zijin Mining Group executive yesterday said he was confident that any legal “misunderstandings” surrounding its bid to buy copper mine developer Platmin Congo would be resolved. Full Story.

Liberia’s mining sector: Stimulating post-war reconstruction?- Pambazuka (KEN)

13/05/2010
Prior to the year that civil war broke out in Liberia in 1989, one of the major sources of income and employment – especially among local people – was the country’s rich and vast iron-ore mining sector. Full Story.

 

China in Nigeria: Power Myths & Realities- The Dragon’s Gift Blog (USA)
13/05/2010
How many times have you read that “China” is building the Mambila Hydropower Project in Nigeria? Folks, as of right now, this project is moribund. Full Story.

When did Huawei lay the right cable?- New Vision (UGA)
12/05/2010
In a sudden twist of events, the parliamentary committee on information and communication technology (ICT) has given the Chinese firm, Huawei Technologies, a green light to complete the laying of the controversial data transmission cable. Full Story.

Zambia: President Banda lauds China- Lusaka Times (ZAM)
12/05/2010
President Rupiah Banda has commended China for signing four Memorandums of Understanding (MOUs) with the Zambian government aimed at investing in various sectors of the economy. Full Story.

Export Zones to Boost Africa’s Manufacturing Industry- FOCAC (CHN)
12/05/2010
Export processing zones (EPZs) have mushroomed across Africa. Their logic is to attract export-oriented manufacturing investment to boost economies. EPZs, although they create controversy in certain circles, have been highl successful in Asia, central and Latin American countries. Is the attempt by Africa to follow suit bearing fruits? Full Story.

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