Weekly news

15/05/2010 to 18/05/2010

Chinese investors to build cement factory in Mozambique- Club of Mozambique (MOZ)
18/05/2010
The China Development Bank is to fund construction of a cement factory in Beluluane, in Mozambique’s Maputo province costing US$100 million, the director of the Centre for Investment Promotion said Monday in Maputo. Full Story.

China -Africa trade hits $91 billion in 2009- New Times (RWA)
18/05/2010

Trade between China and Africa continued to register positive growth estimated at $91 billion last year, despite the negative effect of the global recession a top Chinese official has said. Full Story.

`Most Chinese investors don`t manufacture, only import`- IPP Media (TZA)

18/05/2010

Researchers from the Centre for Chinese Studies at the University of Stellenbosch have said that although many Chinese economic actors have secured licences to invest in Tanzania, most still continue to import Chinese-made goods into the country instead of producing locally. Full Story.

Chinese Support for Increased Rice Production- Club of Mozambique (MOZ)
18/05/2010
The Mozambican Ministry of Science and Technology is envisaging dramatic increases in rice yields thanks to the support of Chinese scientists. Full Story.

China’s demands keep South Africa mines booming- Xinhua (CHN)
17/05/2010
Demand from China is one of the reasons for South Africa’s total mining production rising for a third successive month in March, according to figures released on Thursday by Statistics South Africa. Full Story.


China’s $28.5 Billion Deal in Nigeria: How Real Is It?- The Dragon’s Gift Blog (USA)
17/05/2010

The Nigerian National Petroleum Corporation (NNPC) announced on Thursday last week that it had signed an MOU with China State Construction Engineering Corporation Ltd. to construct three oil refineries (about 250,000 bbl/day capacity each) and a petrochemical plant. The total cost would reportedly be $28.5 billion. Full Story.

Kenyan leader, head of Chinese bank discuss funding projects- Xinhua (CHN)
17/05/2010
Kenyan President Mwai Kibaki on Monday held discussions with visiting Governor of China Development Bank Jiang Chaoliang in Nairobi where they discussed modalities of funding various projects in the country. Full Story.

China’s bank gives $50 mln loan to Kenyan bank- Xinhua (CHN)
17/05/2010
China Development Bank (CDB) on Monday extended a 50 million U. S. dollars loan to Kenya’s largest Equity Bank. Full Story.

Equity promises easy loans- Daily Nation (KEN)
17/05/2010
Equity Bank is promising small and medium businesses cheap loans after partnering with the China Development Bank, in a move that is set to trigger a new wave of price wars in the banking sector. Full Story.

Kisumu Airport set for August- Daily Nation (KEN)
16/05/2010
The Government is cutting on costs to speed up completion of Kisumu International Airport by August this year. Full Story.

US Blackmails Ghana Over Kosmos- Ghana Web (GHN)

16/05/2010
The US Government has suspended indefinitely a financial support for capacity building of state institutions in Ghana’s energy sector as the country continues to block Kosmos Energy LLC’s decision to sell its 23.5 percent stake in the Jubilee oil field to fellow American company Exxon Mobil. Full Story.

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