Weekly news

12/10/2009 to 18/10/2009

All last week’s China Africa developments below:

* What is China doing in Guinea?- Guardian (GBR)
19/10/2009
Reports that China is financing investments to the tune of $7bn in military-ruled Guinea in exchange for access to its resources have re-ignited western fears about Chinese activities in Africa. 
Full Story.

* Kenya to strike oil in 2 weeks’ time, or will it?- East African (KEN)
19/10/2009
Energy Minister Kiraitu Murungi was bubbling with optimism when he told this newspaper on Thursday, “In a matter of days, we could be celebrating. God willing, I shall be announcing a historical discovery at the end of the month.” 
Full Story.

* China honoured in Central Africa- BBC (GBR)
19/10/2009
The Central African Republic has hosted a Central African-Chinese friendship week in collaboration with the Chinese embassy in the capital, Bangui. 
Full Story.

* Government appreciates Chinese investments – RB- Lusaka Times (ZAM)
19/10/2009
President Rupiah Banda says Government is appreciative of the unique economic support the nation continues to receive from China. 
Full Story.

* Standard Chartered Bank launch SME China Africa Network- Africa News (NED)
19/10/2009
Standard Chartered has reaffirmed its support for assisting the growth of trade corridors between Zambia and China by launching its SME China Africa Network (“CAN”). 
Full Story.

* ODM seeks to forge ties with China’s Communist Party- Daily Nation (KEN)
17/10/2009
China is reaching out to top Kenyan political leadership to cement relationships and claim a strategic place in what some analysts say is the second scramble for resources in Africa. 
Full Story.

* Commercial Bank of China hits according Angola- Journal de Angola (AGO)
17/10/2009
The President of the Republic, José Eduardo dos Santos, received yesterday at the Presidential Palace High, in Luanda, the vice president of the Industrial and Commercial Bank of China (ICBC), Yang Kaisheng. 
Full Story.

 

* Kenya looks to the orient to grow economy- Daily Nation (KEN)

17/10/2009
One of China’s biggest oil companies is set to start prospecting for oil in northern Kenya by the end of this month. 
Full Story.


* Raila China visit yields Sh600m- Daily Nation (KEN)
16/10/2009

Prime Minister Raila Odinga’s trip to China is paying off after his hosts on Friday pledged Sh600 million for infrastructure development. Full Story.


* Govt Partners Chinese Firm to Revamp Cocoa Industry- This Day (NGA)
16/10/2009
After about 13 years in doldrum, the stage is now set for the therevamping of the Cocoa Processing Industry, Ede, Osun state as the state government, Tuesday, signed a Memorandum of Understanding (MOU) with aChinese company to resuscitate the company. 
Full Story.

* China pledge for Kenya projects- Daily Nation (KEN)

16/10/2009
The Chinese Government has given Kenya Sh600 million to fund the development of infrastructure and promised to provide more funding as soon as Nairobi provides its list of priority projects. 
Full Story.


* THE BOTTOM LINE: Datatec looks to big brands to conquer China- Business Day (ZAF)
15/10/2009
DATATEC is planning a foray into China as the next step in its ambitions to become a truly global technology supplier. It is “just a pinprick” in Asia, but CEO Jens Montanana is confident the group can tap into that large and rapidly growing market through joint ventures or acquisitions. 
Full Story.

* China aggressively seeks skills from SA- Business Day (ZAF)

15/10/2009
Local executives who fancy a spell overseas could head for China, as Chinese head-hunters are increasingly targeting South African skills. 
Full Story.


* Money and Mandarin lessons fuel China’s African invasion- Guardian (GBR)

15/10/2009
This afternoon more than a dozen Liberians are expected at the Samuel Doe sports stadium in the capital, Monrovia. 
Full Story.


* Don’t worry about killing people- Economist (GBR)
15/09/2009
Barely a fortnight after soldiers loyal to Guinea’s military junta butchered at least 150 demonstrators calling for civilian rule, a deal for oil and mineral rights worth around $7 billion has been struck between China and Guinea. 
Full Story.

* China ready to work with Africa for success of ministerial conference- Walta Information (ETH)
15/10/2009
China is ready to work closely with African countries to ensure the success of the upcoming fourth ministerial conference of the Forum on China-Africa Cooperation (FOCAC), Foreign Ministry spokesman Ma Zhaoxu said Thursday. 
Full Story.

* Third China-Eritrea film week kicks off- Shaebia (ETA)
15/10/2009
The third China-Eritrea Film Week kicked off yesterday 14 October at Cinema Asmara in the presence of ministers, PFDJ officials, China’s ambassador to Eritrea, diplomats and invited guests. 
Full Story.

* China, Kenya discuss new corridor for southern Sudan oil- Sudan Tribune (SDN)
15/10/2009
Kenyan and Chinese government is discussing the construction of a corridor to export southern Sudan production of oil through a new port. 
Full Story.

* China and Kenya in infrastructure talks- Financial Times (GBR)
14/10/2009
Kenya’s government is in talks with Beijing over development of a multi-billion dollar port and transport corridor that could provide a new export route for Chinese oil in southern Sudan. 
Full Story.

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