Weekly news

12/08/2010 to 17/08/2010


China’s Export Credit Agencies: Managing the risk of “going-global”- China Africa News (GBR)
Stephen Hayes, the president and CEO of the Corporate Council on Africa, last week warned that unless the US government establishes a comprehensive Africa policy that fosters private investment alongside aid commitments, the US will continue to lose ground to China.

N4bn Cocaine: Two Foreigners, 3 Nigerians Arraigned- This Day (NGA)

Anti-drug agency, the National Drug Law Enforcement Agency (NDLEA) yesterday arraigned two foreigners and three Nigerians before a Federal High Court in Lagos on a four-count charge of conspiracy to import about 450.4kg of cocaine from Chile to Nigeria.

China likely to be main buyer at SA wool sale- Business Day (ZAF)
China is expected to snap up most of the 14000 bales of wool in stock that will be auctioned tomorrow when the wool season opens in Port Elizabeth.

McKinsey upbeat about sub-Saharan growth, reform- Business Day (ZAF)
Chinese imports alone from sub- Saharan Africa increased to more than 13bn from 64m, while the combined share of the region’s exports fell to 49% from 73%.

Revolution is not a tea party- This Day (NGA)
A few weeks ago, Prof. Ben. Nwabueze, constitutional lawyer, Senior Advocate of Nigeria , former Minister of Education, statesman etc, called for a violent revolution in Nigeria . It is not  the first time he has done so.

Rwandans in China ready for August elections-envoy- News Time (RWA)
Rwandans living in China are set to participate in the forthcoming presidential elections in August, after registering for the exercise, a Rwandan top diplomat has said.

Act fast to save Ugandans in China-Daily Monitor (UGA)
It is stressful being out of their country especially if one is in a foreign prison. Reports by the Ugandan ambassador to China, Charles Wagidoso that over 50 Ugandans are on death sentence over drug trafficking are worrying.

New think-tank to focus on Africa- China.org (CHN)
The Ministry of Commerce on Monday launched the China-Africa Research Center, a think-tank focused on the economies of the two regions, to further bolster trade relations with Africa.

Foreign diplomats hail Chinese six-decade int’l aid- Xinhua (CHN)
Foreign diplomats here on Monday spoke highly of China’s six decades of aid to foreign countries, as an exhibition was held in capital to commemorate China’s international aid efforts.

Wuhan Steel, ArcelorMittal discuss iron-ore tie-ups- Engineering News (ZAF)
China’s Wuhan Iron and Steel Group is in talks with ArcelorMittal, the world’s top steelmaker, on the joint development of overseas iron-ore, according to a statement released on Monday.

Nigeria’s Imo state plans greenfield oil refinery- Engineering News (ZAF)
Nigeria’s southern state of Imo and national oil company NNPC said on Sunday they planned to build a new oil refinery to try to boost employment in the region and help reduce the country’s reliance on imported fuel.

Charges are diversion — Wesizwe- Business Day (ZAF)
The consortium, which also includes China Africa Development Fund, will invest a further 650m in project finance towards building the mine. “This (the news of charges) is not going to upset the Chinese process,” Mr Solomon said.

Zambia, Chinese firms to build $1.5 bln power plant- Africa Good News (ZAF)
Zambia, Africa’s largest copper producer, signed an agreement on Friday with two Chinese companies to build a 600 megawatts plant expected to cost $1.5 billion, Finance Minister Situmbeko Musokotwane said.

Chinese delegation visits adopted communities in Asikuma-Odoben-Brakwa- Ghana Web (GHN)
An eight-member Chinese delegation at the week-end visited the three communities the Chinese government has adopted in the Asikuma-Odoben-Brakwa District of the Central Region to explore areas their government could offer assistance.

SA feels China’s pain- News 24 (ZAF)
President Jacob Zuma on Monday sent his condolences to President Hu Jintao of China following mudslides that have resulted in the deaths of 1 248 people in the town of Zhouqu.

S African president’s China trip draws attention- Xinhua (CHN)
South African President Jacob Zuma’s Aug. 24-26 visit to China has already drawn the attention of the financial press in South Africa.

Chinese Entrepreneurs and Workers in Africa: An Angola Story- Deborah Brautigam (USA)
In 2008, Chinese companies reported a turnover of around $20 billion from construction contracts in Africa. Tessa Thorniley gives us a firsthand look inside  the world of Chinese business in Africa in her recent Danwei article: “Chinese Entrepreneurs in Africa, Land of a Billion Workers.”

State, Chinese Team Up to Develop Kafue Gorge- Times of Zambia (ZAM)
Government and three Chinese institutions have teamed up to develop the Kafue Gorge lower power project in an effort to avoid power shortages in view of new mining companies being set up.

Zimbabwe’s Mugabe visits China, meets Hu- Engineering News (ZAF)
Zimbabwean President Robert Mugabe on Friday met his Chinese counterpart Hu Jintao, who praised the two nations’ “strong and deep friendship” and pledged to boost trade and investment and strengthen political ties.

African academics hail Confucius institutes as bridge of culture, partnership- Xinhua (CHN)
African academics hailed the establishment of Confucius institutes in the continent at a seminar opened Thursday in Yaounde, the capital of Cameroon, saying the institutions are serving as a bridge of culture and partnership between African and China.

Is China Sending Prisoners to Work Overseas?- Deborah Brautigam (USA)
Yesterday I received an email from a UNDP colleague asking me what I thought about recent media stories of “Chinese convict labor” being used overseas, and the public denial of this practice by the Chinese Ministry of Commerce.

Mugabe thanked China for supporting the reconstruction- Journal de Angola (AGO)
Zimbabwean President Robert Mugabe on a visit to the Universal Exhibition of Shanghai, thanked yesterday to China for the unconditional support that always gave and asked for help in the recovery of their country’s economy. “China has always supported Zimbabwe,” said Mugabe, who chaired the day of Zimbabwe in the exhibition.

Orange Farm Builds Its Own Independent Phone System- Business Day (ZAF)
Tech4Africa, the conference that draws a broad range of digital experts together, has kicked off in Johannesburg with speakers covering a range of issues, technical, business and social.

China, Ethiopia sign memorandum on technology training- Walta Information (ETH)
A memorandum on technology training between China’s Ministry of Agriculture and Ethiopia’s Ministry of Agriculture and Rural Development was signed at the closing ceremony of China-Africa Agricultural Forum Thursday.

China, Africa cooperate on agriculture, forum shows- Walta Information (ETH)
With a common mission of tackling food safety issues and developing sustainable agriculture, China and Africa should take it as their duty to promote cooperation in agriculture, said Wang Jiarui, China’s minister of the CPC Central Committee’s International Department, at the China-Africa Agricultural Forum Wednesday in Beijing.

China declares to boost Africa’s agriculture- Standard (KEN)

The China-Africa agricultural program in which Vice President Kalonzo Musyoka represented Kenya ended today with the Beijing declaration for massive agricultural technology transfer to enable Africa boost production hence guarantee world food security.
Retracing Chinese roots in the Coast- Standard (KEN)

Chinese researchers, in conjunction with Kenyan archaeologists, are on the threshold of rewriting maritime history.
Daka woos China to transfer its agro-tech- Lusaka Times (ZAM)

Agriculture and Cooperatives Minister Peter Daka has called on China to consider transferring appropriate technologies in agro processing, aquaculture, irrigation and other areas that would help Zambia maximise its potential in the agriculture sector.
Uganda shines at China expo- New Vision (UGA)
Over one million people have so far visited the Ugandan stall at the ongoing World Expo in Shanghai, China to look at the world’s rare animal, the mountain gorilla.

Law to empower Zambians with key positions in firms on cards- Lusaka Times (ZAM)

Government has disclosed that it will soon enact a law that will give Zambian nationals a chance to hold high positions in companies owned by foreign investors.

Chinese construction company’s localization strategy pays off in Nigeria- Xinhua (CHN)
One of China’s construction giants had established itself as a top international brand in Nigeriaafter 30 years of localization efforts, a senior executive told Xinhua Wednesday.

Tazara out to compete with road traffic- IPP Media (TZA)
The Tanzania Zambia Railway Authority (Tazara), a railway company jointly owned by Zambia and Tanzania, is ready for a massive transformation following the development of an action plan.

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