Weekly news

18/01/2010 to 24/01/2010

All last week’s China Africa developments:

* China to push for peace in eastern DRC- New Times (RWA)
China is willing to use its super power clout to enhance peace and security in the region, especially the eastern DRC where negative forces have found sanctuary, a top Chinese diplomat promised Rwanda and the Democratic Republic of the Congo (DRC) on Monday. Full Story.

* Convention centre moving at steady pace – official- New Times (RWA)
Construction of the Kigali Convention Centre Complex is quickly progressing now that the Chinese group that was contracted to build the Rwf128 billion project is laying the foundation. Full Story.

* China is second-largest investor in Mozambique- Club de Mozambique (MOZ)
China, which has benefitted from an “enthusiastic” reception, is now the second-largest investor in Mozambique and its businesspeople can benefit from a greater dynamism in the foreign investment sector, said the Centre for Chinese Studies of Stellenbosch University. Full Story.

* Eni to invest Shs25 trillion in Uganda- Daily Monitor (UGA)
Italian oil group ENI Spa plans to invest at least Shs25 trillion in a refinery and electricity power plant in Uganda, should it acquire ownership of Heritage Oil’s stake in two oil blocks in Uganda. Full Story.

* China makes foray into Mauritius- Financial Times (GBR)
China’s state-led approach to foreign investment is muscling India aside in its traditional “backyard” by investing $700m in a special economic zone in the Indian Ocean island of Mauritius to service Beijing’s expansion in Africa. Full Story.

* Four banks to fund pipeline- Daily Nation (KEN)
Kenya Pipeline Company is borrowing $109 million (Sh8.2bn) from a consortium of banks to finance the construction of a parallel petroleum pipeline from Nairobi to Eldoret.Full Story.

* Tullow Oil chiefs meet President- New Vision (UGA)
President Yoweri Museveni yesterday met for the second time a delegation from Tullow Oil led by Paul McDade, the chief operations officer, and Elly Karuhanga, the president of Tullow Uganda, at State House Entebbe. Full Story.

* Investments key to Africa’s development – Kagame- New Times (RWA)
International capital investment will be vital for African development, but governance reform should be indigenously driven and not imposed by external actors, says Rwandan president Paul Kagame. Full Story.

* China’s march in Kenya upsets local firms- Daily Nation (KEN)
Days after a visit by the Chinese Foreign minister Yang Jiechi, the Moi International Sports Centre, Kasarani in Nairobi was closed down for a Sh1 billion renovation. Full Story.

* Ethio-China cultural exchange getting consolidated: Ambassador Mohamoud- Walta Information (ETH)
Culture and Tourism Minister, Ambassador Mohamoud Dirir, said the cultural exchange between Ethiopia and China is getting consolidated after the downfall of the Derg regime.Full Story.

* China vows to boost relations with Liberia- FOCAC (CHN)
China was willing to work with Liberia to expand cooperation and promote bilateral ties, said Chinese Vice Premier Li Keqiang on Friday. Full Story.

* FG Rekindles Hope on $500m Lagos-Kano Rail Project- This Day (NGA)
Hope came alive yesterday on the Lagos-Kano railway project when the Federal Government met with the delegation of China EXIM Bank, which will finance the project with $500 million. Full Story.

* Sino-Zim Relations Set to Grow- Zimbabwe Herald (ZBW)
Bilateral relations between Zimbabwe and China are set to grow further this year as the two countries celebrate 30 years of co-operation. Full Story.

* Tunis conference puts Sino-Africa trade ties under microscope- Pambazuka (KEN)
The fast rising Sino-Africa ties are expected to face a major test in March when Tunis plays host to a rare meeting to scrutinise China’s engagement with the continent. Full Story.

* Lagos Begins N170bn Rail Project- This Day (NGA)
Lagos state government said the design of the long-awaited mass transit rail project has been completed, thus paving way for the construction of the project with immediate effect. Full Story.

* China gives Mozambique USD$14.7 Million Interest-free Loan to Complete Stadium- Club de Mozambique (MOZ)
Mozambique has received an interest free loan of 14.7 million USD from China, to cover the deficit in funding the new national stadium under construction in the outer Maputo suburb of Zimpeto. Full Story.

* Chinese in Africa ‘for simple profit’- Business Day (ZAF)
The boom in China’s investments in Africa over the past 17 years was driven more by simple profit motives than complex political and strategic considerations, an academic and government spokesma n said on Monday. Full Story.

* Tunis conference puts Sino-Africa trade ties under microscope- Business Daily (KEN)
The fast rising Sino-Africa ties are expected to face a major test in March when Tunis plays host to a rare meeting to scrutinise China’s engagement with the continent. Full Story.

* Sh1bn facelift for Kasarani- Daily Nation (KEN)
The Moi International Sports Centre, Kasarani, has been closed down for a year for major renovations estimated to cost about Sh1 billion. Full Story.

* Liberian Vice President Extols China-Aid- FOCAC (CHN)
Monrovia Liberia-Liberian Vice President Joseph Nyuma Boakai on Saturday visited the Fendell Campus Construction Project of the University of Liberia, a China-aid program in the education field to the postwar Liberia. Full Story.

* Committee negotiating with Chinese investors to purchase oil palm- Ghana Web (GHN)
The Ajumako-Enyan-Essiam District is currently negotiating with some Chinese investors to establish a permanent oil market to purchase palm oil produced in the District. Full Story.

* Chinese commerce minister proposes four-point measures on Sino-Tanzanian economic, trade cooperation- China View (CHN)
Chinese Minister of Commerce Chen Deming on Friday proposed four-point measures to further develop Sino-Tanzanian economic and trade cooperation. Full Story.

* Ghana sets up Africa’s first UMTS900 network- Ghana Web (GHN)
Chinese vendor, Huawei, has deployed UMTS900 (3G) technology on the network of MTN Ghana. Full Story.

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