Weekly news

15/09/2010 to 21/09/2010

More Chinese Doctors for Mozambique- Club of Mozambique (MOZ)
The Mozambican and Chinese governments signed an agreement in Maputo on Monday under which a team of 12 Chinese doctors will work in Maputo Central Hospital, the largest health unit in the country.

Waiting for investments from Korea, China- Guardian (NGA)
Nigeria recently made a foray for investment drive to Asia, specifically to South Korea and China. Not that these countries are averse to the idea of investing in Nigeria, in fact they have a considerable presence in Africa’s biggest market.

Nigeria, China to tackle fake drugs- Guardian (NGA)
Nigeria and China yesterday made fresh moves to strengthen their resolve to check fake drugs coming to Nigeria. These steps are expected to further reduce fake drugs in Nigeria.

Nigeria’s bilateral trade with China hits $36.76b- Guardian (NGA)
The bilateral trade between Nigeria and China has hit $36.76 billion (N5.3 trillion), during the first half of this year. The Economic and Commercial Counsellor at the Chinese embassy, Mr Rong Yansong, who disclosed this in Lagos, yesterday, said the figure surpassed the $6.5 billion (about N975 billion) trade volume for the whole of 2009.

China to aid transformation of Nairobi city- China Daily (CHN)
Cities around the world are striving to position themselves in the global economy and Nairobi, Kenya’s buzzing capital, is no exception. A growing metropolis and a hub for East African business, Nairobi is the region’s most populous city, with more than three million people living within its 696 sq km area.

Chinese hostage recounts escape- Global Times (CHN)
A Chinese engineer kidnapped in Chad last week reportedly said Saturday that he fled to neighboring Sudan after unshackling himself from his chains when the abductors slept, although both Chadian officials and a faction of the Sudan Liberation Army claimed earlier that they had helped free the engineer.

China gives Ghana over $3bn loan- Ghana Web (GHN)
Hu Jintao, on Monday signed a deal for china to give Ghana a loan of three billion dollars to develop her energy sector. Specific areas to be targeted under the deal include infrastructure development, job creation and the development and other derivatives of oil and gas.

China Union Pay enlists Equity Bank- The East African (KEN)
Equity Bank has become the third in Africa to link up with China Union Pay, thus increasing the number of ATM outlets available to its customers.

Safaricom widens range of services with new system- Business Daily (KEN)
Consumers are set to enjoy a host of new services from Safaricom after it announced Chinese telecom firm Huawei had been awarded a Convergent Billion Solution (CBS) in East Africa after two years of searching.

Chinese business creating jobs and boosting trade in South Africa- Xinhua (CHN)
The China City Mall, run by the Chinese has created booming business for taxis owners and employment for hundreds job seekers in Johannesburg and other parts of South Africa.

Mills Arrives in Beijing for China Visit- Ghana Web (GHN)
President John Evans Atta Mills arrived in Beijing on Sunday evening, kicking off his state visit to China, as over 140 heads of state and government gather Monday at the United Nations for the Millennium Development Goals summit.

Super roads: How prepared are we for such sophistication?- Daily Nation (KEN)
There is no road Kenyans have seen and have not wanted to cross. And we are bad road users. This would explain why, almost a year ahead of the completion of the 12-lane Thika Superhighway, some people are already wondering how they will cross the highway, yet they see no signs of footbridges being constructed.

Kidnapped Chinese engineer released in Sudan’s Darfur- Sudan Tribune (SDN)
A Chinese engineer kidnapped last week in Chad near Sudan’s border had been released today, Sudanese army and former Darfur rebel group announced Friday.

How FG Cancelled N74 Billion Kano-Abuja Railway Project- Daily Trust (NGA)
17/09/2010 The Federal Government has diverted the $500m (N75bn) loan secured from the Chinese government for Kano-Abuja Railway project to finance National Public Security Community System Project, a letter obtained by Daily Trust has shown.

China should prepare for possible South Sudan independence – Machar- Sudan Tribune (SDN)
As the vote for possible independence of the semi-autonomous Southern Sudan is only three months away, the country’s major dealer in oil industry has been told to prepare for what appears to be the inevitable breakup of Sudan into two independent states.

Can Uganda emulate China? Of course we can- Daily Monitor (UGA)
I read Mr James Kahoza’s comment, “We cannot emulate China just yet” published in the Daily Monitor of September 7 with a lot of interest.

Efforts underway to boost up Ethio-China trade exchange volume: Ambassador- Walta Info (ETH)
The Chinese ambassador to Ethiopia Gu Xiaojie said his government is taking various measures to strike the balance on the trade volume exchange between Ethiopia and China, which is in favor of his country.

Potash working on China-led buyout to top BHP-paper- Business Day (ZAF)
16/09/2010 Potash Corp is trying to stitch together a consortium led by China to back a management buyout to trump BHP Billiton ’s $38,6 billion hostile offer.

FirstRand ‘not looking for an equity partner’- Business Day (ZAF)
15/09/2010 Firstrand is not aspiring to have an international investor as an equity partner even though it will not slam the door shut if opportunity knocks, says group CEO Sizwe Nxasana.

Chinese firms dipping toes in global waters- Global Times (CHN)
15/09/2010 Some believe the financial crisis has given Chinese enterprises a golden opportunity for overseas mergers and acquisitions. But is it the right time for them to “go global?” What are the risks of venturing overseas, and what are the potential benefits.

China to hike SEZ spending in Africa- China Daily (CHN)
China is willing to accelerate investment in special economic zones (SEZs) in Africa under a partnership with the World Bank, top officials and analysts said on Tuesday.

Zambia eyes Chinese funds for power plant- China Daily (CHN)
15/09/2010 Felix Mutati, Zambia’s trade minister, said he was hopeful of finalizing Chinese funding for a new $1.5 billion power station in the southern African country.

South Africa confident of rail agreement with China- China Daily (CHN)
South Africa has invested more than 40 billion rands (5.6 billion U. S. dollars) in passenger rail infrastructure and services in the country over the past five years, while hoping that a new agreement withChina will further improve the country’s infrastructure.

Chinese Govt. to support Rural Poverty Alleviation- Ghana Web (GHN)
Under the Rural Community Poverty Alleviation Pilot Project (RUCPAP), the Government of Ghana submitted six proposals from Town/Area Council to the Government of China and out of this Breman North Area Council was selected.

Coal deposits find a boost for county- Daily Nation (KEN)
Economically viable coal and iron deposits have been discovered in the semi-arid Tharaka-Nithi county. Energy minister Kiraitu Murungi said his ministry was keen to move in and start exploiting the natural resource to help alleviate poverty among the residents as well as boost the country’s income.

PetroSA in talks with China on refinery- Engineering News (ZAF)
South Africa’s national oil company PetroSA said it held fruitful talks with China’s oil group Sinopec and was speaking to other potential investors as it seeks partners for a new $10-billion refinery.

Comments are closed.