Egypt’s president to attend NAM summit in Tehran – China Daily (CHN)
Egyptian President Mohamed Morsi will attend the Non- aligned Movement Summit to be held in the Iranian capital Tehran later this month, official MENA news agency reported on Saturday.
The Chinese are no Father Christmas, Mr. President! – Ghana Web (GHA)
President John Mahama seems to have settled in the groove well enough to steer the affairs of this country.
Morsi’s visit to Iran could reshape political landscape – China Daily (CHN)
Egyptian President Mohamed Morsi’s planned visit to Iran is a positive sign of the two countries’ willingness to renew their ties, which were severed more than 30 years ago.
Egypts president to visit China – official – Business Recorder (EGY)
Egypt’s new President Mohamed Morsi will make his first official visit to Beijing next week, China’s foreign ministry said.
How to secure food for the world – China Daily (CHN)
A series of natural disasters in several food producing countries have lowered current and future production forecasts and driven up prices of many staples central to the global agricultural market.
Finance and Banking
China’s slowdown: The impact on Africa – Beyondbrics
A lot of ink has been spilled of late discussing the global impact of China’s slowing economic growth. But there has been little discussion however about how African economies will be affected.
Great Power Rivalry In Africa: Economic Engagement Holds Key – Eurasia Review
Hillary Clinton’s visit to Africa, following the recently-concluded China-Africa Summit, is viewed as a competition for influence in Africa.
The US, China and Africa – Vanguard (NGA)
As usual, the largely symbolic and valedictory 11-day tour of 10 African states, by the US Secretary of State, Mrs Hillary Clinton grabbed headlines and prime airtime on major media outlets across the continent
South Africa’s rand weak vs dollar on China worries – Reuters
The rand fell against the dollar early on Thursday, weighed by a poor Chinese manufacturing survey that raised fears of a slowdown in South Africa’s biggest single export nation.
Africa: new frontier for the renminbi – Beyondbrics
The internationalization of the renminbi is reaching deep into Africa
SA’s private sector most feisty new African actor- Business Report (ZAF)
South Africa’s private sector is “arguably the most competitive new actor in Africa”, particularly in Anglophone countries, according to Martyn Davies, the chief executive of consultancy Frontier Advisory.
SA’s bond yields retreat on stimulus hopes- Reuters Africa
South African government bonds rallied and yields fell on Thursday on expectations the central banks of China and the U.S. could loosen policy further to help their flagging economies, boosting demand for higher yielding emerging market debt.
PetroChina on ‘buy’ drive – China Daily (CHN)
PetroChina Co Ltd, the country’s largest oil producer, is actively seeking acquisition opportunities in Central Asia, East Africa, Australia and Canada, the company said on Thursday after posting a 6-percent decline in first-half profit on lower crude prices and further losses in refining and chemicals.
Africa Shows Increasing Economic Growth, Says Ex-Belgium PM – Voice of America (USA)
Belgium’s former prime minister says the launch of Forbes Afrique magazine is an indication of dramatic economic growth under way in Africa
Nissan may use Datsun to target African consumers- Reuters
Nissan Motor Co is considering rolling out its Datsun brand in Africa to better compete with Indian and Chinese rivals for lower-income consumers, a senior executive said on Wednesday.
Mining and Metals
How China is Remaking Africa’s Mining Sector- Resource (CAN)
Last week, China once again caught mining investors’ attention when news broke that the country’s biggest gold producer, state-owned China National Gold, may bid on Barrick Gold’s 74 percent stake in African Barrick Gold.
Mwana Africa gets boost for SEMHKAT copper licences with new Chinese agreement – Mwana Africa
Mwana Africa unveiled a significant boost to the development of its SEMHKAT copper licences – with a US$40 million agreement with a world class Chinese copper processor.
Oil and Energy
Herbies advises CNOOC in Africa Shell exploration- Asian Legal Business(CHN)
China National Offshore Oil Corporation (CNOOC) has entered a cooperation project with Royal Dutch Shell (Shell), in which CNOOC purchased 25 percent interest in Shell’s BC9 and BCD10 blocks in Gabon. Herbert Smith is representing Shell.
China Navigates Delicate Balance Between Two Sudans- Voice of America (USA)
China has been playing a delicate game of balancing alliances between Khartoum and Juba, especially now as the two countries try to settle their differences over oil fees once and for all. China watchers say that its role in the negotiations mark a change in the developing giant’s foreign policy, and may mark the beginning of a bigger shift across Africa.
Sierra Leone: Chinese loan of 15 million USD to complete fibre optic connection-Africa.no (NOR)
According to Xu Zhou, Head of Political Affairs at the Chinese embassy in Sierra Leone today, the loan agreement was signed last Tuesday 14th August, 2012.
Chinese Ambassador Wants Win-Win Relationship – The Namibian (NAM)
The new Chinese ambassador to Namibia, Xin Shunkang, on Friday said China supports African countries choosing their own path of development, stressing that Sino-African cooperation must be a win-win arrangement.
US fears Sino-Africa Trade – The Southern Times
The United States is jittery about the growing trade between China and Africa.
Africa Has Bright Future Says Obama’s Former Chief of Staff- Voice of America
President Barack Obama’s former chief of staff says Africa’s challenge is leaders who can ensure the continent’s bright future prospects
Chinese contractors in Africa turn to investment – China Daily (CHN)
Chinese contractors in Africa are now shifting to investment in areas such as infrastructure, agriculture, and mineral and energy products, a move to enhance their presence in the continent while profit margins narrow in the continent’s market for contracting.
Transport and Infrastructure
Forecasting African Aviation: Building Fleets and Improving Safety – Africa.com Blog
Africa is expected to be one of the fastest growing regions in terms of air traffic in the world, second only to China.
China To Help Build South Sudan Airport- Ventures
South Sudan’s Information Minister, Barnaba Marial Benjamin has said China would help finance and complete the country’s Juba International Airport.
Improve Africa’s security environment with cooperative willingness – People’s Daily Online (CHN)
In recent years, the overall security situation of Africa has made remarkable progresseswhile unstable factors also kept appearing.
China’s Yao Ming filming anti-poaching video in Kenya – Bikya masr (EG)
Former NBA star Yao Ming is in Kenya to film a video aimed at helping bring awareness to the world, and China in particular, against the illegal poaching of Kenya’s elephant and rhino populations.
Chinese firms urged to avoid past mistakes of Western multinationals in Africa-UNCTAD
Delivering the keynote address at the opening ceremony of the 2012 China Overseas Investment Summit in Hong Kong yesterday, UNCTAD Secretary-General Supachai Panitchpakdi urged Chinese business leaders to avoid the mistakes made by Western multinationals in Africa, and to take corporate social responsibility seriously.
Media co-op to help deepen China-Africa understanding – CRI Engish (CHN)
China and African countries have vowed to further enhance their exchanges and cooperation in the radio and television sectors to deepen mutual understanding.
Africans have mixed perceptions of Chinese migrants, finds study- Radio Australia (AUS)
Chinese investments in Africa have grabbed media attention in recent years, often in a negative light.
Bribery brings red envelopes to Botswana – Global Times (CHN)
A curious case has been bubbling in the small Southern African nation of Botswana for several weeks, which may have disturbing implications for the future of Chinese investment in the continent.
China and the shadow of colonialism still looming over Africa – The Conversation
Graphic pictures of South African police firing at striking black workers protesting for a living wage at the Lonmin platinum mine last week is a tragic reminder of Africa’s neo-colonial past, that never really went away.