Weekly news

15/06/2009 to 21/06/2009

As the UN appoint a Sudan specialist against the vote of China and Russia, China has been active in securing an agriculture deal with Khartoum. Meanwhile Obama’s special envoy to Sudan Maj. Gen. Scott Gration has declared that the systematic genocide in Darfur is now over.

Bashir’s readmission of western aid groups expelled after the ICC indictment has been offered as a success of Obama’s new policy, but Senegal and Libya lead an African movement to quit the ICC, on grounds that it fails in its attempts at justice, never having countenanced the investigation of a US ally.

This feeling of injustice, manifests itself all the more keenly in the former colonies of the West, and has been the ace card for China’s wooing of African allies. China has played on their shared history of imperial subjugation for many years but has continued to field criticism over human rights and environmental degradation.

Having increasingly employed African labourers on its projects China now seems keen to play the jolly green giant. After instigating an environmental code of conduct for Chinese companies in Africa, it is now competing with the EU to pioneer solar generation in African countries such as Kenya.

Last weeks China Africa developments: 

* India, China like Africa — with reason- Business Day (ZAF)
How is the global economic crisis affecting Africa? This is a strangely difficult question to answer. The economic make-up of African countries is so different it’s hard to generalise. Statistics are hard to come by. They are extraordinarily varied and, you have to say, a bit dubious. Full Story.

* Analysis: Commodity rally nears end as Chinese stockpiles overflow- Business Report (ZAF)
China has been driving up commodities prices by stocking up to prepare for global recovery, but with inventories overflowing and no end to the crisis in sight, analysts say the rally may soon end. Full Story.

* Stanbic IBTC Set for Bigger Role in the Economy- Vanguard (NGA)
The recent announcement by the Fed eral Government that it is in the proc ess of concessioning the major transportation infrastructure in the country on long term basis may have struck an investment chord with the management of Stanbic IBTC Bank Plc.Full Story.

* No power, no infrastructure !Yet Chinese factories are flourishing in Nigeria- Vanguard (NGA)
Recently a tertiary institution in Ogun state was reported to have included Chinese language as a course in the school’s curriculum. Full Story.

* Uganda alliance with ICBC on cards- Business Report (ZAF)
Standard Bank would co-operate with shareholder Industrial and Commercial Bank of China (ICBC) on financing power plants and an oil pipeline in Uganda, the local lender said yesterday. Full Story.

* China responding positively to
 Africa’s desire for infrastructure- Engineering News (ZAF)
A total of $23-billion a year needed to be 
 invested in power infrastructure 
 development in Africa over the next ten years to enable the continent to become internationally competitive, John Rocha, the senior project manager for the New Partnership for Africa’s Development (Nepad) Business Foundation said at the recent African Renaissance Festival. Full Story.

* China to fund study on Kenya’s solar potential- Business Daily (KEN)
China is funding a solar energy research project in Kenya aimed at creating a new market for its renewable energy technology. Full Story.

* FG Renews Plan to Borrow N75bn- This Day (NGA)
The Federal Government has said that it has renewed its plan to borrow $500 million (about N75 billion) from the international capital market, months after jettisoning the plan. Full Story.

* China and Sudan agree to two agriculture partnerships- Sudan Tribune (SDN)
Sudan and China today at an agriculture symposium at Friendship Hall signed two memos of understanding on agricultural cooperation. Full Story.

* Chinese experiences in development: Implications for Africa- Pambazuka (KEN)
With reference to four key areas of ‘political leadership’, ‘social stability’, ‘agricultural production’ and ‘initiative and aid’, Li Anshan discusses China’s developmental record and its potential lessons for Africa. Full Story.

* Uganda: China is Not a Threat to Continent – Museveni- AllAfrica (USA)
Yoweri Museveni has assured Western powers that Africa is capable of protecting its resources from any exploitation by foreign countries. Full Story.

* NNPC’s subsidiary hits new oil discovery- Guardian (NGA)
Nigeria’s oil potentials heightened on Monday, as the Nigerian National Petroleum Corporation (NNPC) announced the discovery of oil from the Oil Mining Lease (OML) 64, otherwise known as Kukaku-1 well. Full Story.

* Mills to hold discussions with Yar’Adua on gas supply- Ghana Web (GHN)
President John Evans Atta Mills is due in Nigeria on Friday to hold discussions with Nigerian President Omar Yar’ Adua on a wide range of issues including the availability of gas from Nigeria to Ghana. Full Story.

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