Exclusive Interview with Lu Shaye, Secretary-General of Chinese Follow-Up Committee of FOCAC and Director-General of Department of African Affairs at China’s Ministry of Foreign Affairs – FOCAC
The 8th Senior Officials Meeting of Forum on China-Africa Cooperation (FOCAC) will be held in Hangzhou, Zhejiang province, on October 26 and October 27 this year. On the eve of this event, Xinhua News Agency reporter interviewed Lu Shaye, Secretary-General of Chinese Follow-Up Committee of FOCAC and Director-General of Department of African Affairs at China’s Ministry of Foreign Affairs.
China reminded African nations a potentially chilling reality early this month: We can make your top dog fold tail.
China-Africa Bilateral Has Come A Long Way, Says Anyaoku – The Guardian (NGA)
Former Commonwealth Secretary General and World Wide Foundation (WWF) Vice President, Chief Emeka Anyaoku, has said that the bilateral relationship between China and Africa has come a long way. Speaking at the China Centre for International Economic Exchanges (CCIEE) in Beijing yesterday, Anyaoku said what the world needs are wise investments, with the Forum for China-Africa Cooperation being an extraordinary opportunity for decisions for these wise investments to take place.
Automakers Decry N5b Bus Import From China – The Guardian (NGA)
The recent Memorandum of Understanding (MoU) signed between the Urban Development Bank of Nigeria (UDBN) and the Trade Union Congress (TUC), for the importation of no fewer than 150 mass transit buses from China, has drawn the ire of stakeholders in local automotive industry, some of whom have branded the deal an economic sabotage that should be halted immediately.
Zambia orders Chinese firm to reinstate 2,000 sacked workers – Daily Nation (KEN)
The Zambian Government has ordered a Chinese mining company that fired 2,000 workers over pay dispute to immediately reinstate them.
Chinese mine sacks 2,000 striking Zambian workers – Africa Review (KEN)
A Chinese mining firm has sacked 2,000 Zambian miners following a two-week strike over pay dispute, a management notice confirmed. The workers were demanding a 100 per cent salary increment.
Serious diplomatic problem envisaged as Sierra Leoneans attack Chinese investor – Sierra Express Media (SLE)
Following the inhuman and degrading treatment meted on staff members working for Julong Group on the 8th October this year at the Rowaka Village, Konike Barine Chiefdom at Makali in the Tonkolili District by a group of individuals working for Vatra Company Limited, lead by one Fatmata Hassan, if it is not resolved it could create a serious diplomatic problem between the Government of Sierra Leone and the People’s Republic of China.
South Sudan and China commit to stronger ties – Sudan Tribune (SUD)
A delegation of South Sudan’s ruling party, Sudan People’s Liberation Movement (SPLM), has visited China and exchanged pledges with its ruling party to cultivate stronger bilateral relations.
Arrest warrant for lawyer – Modern Ghana (GHA)
An Accra circuit court has issued a bench warrant for the arrest of the Deputy Director for Finance and Administration of the Ministry of Food and Agriculture, Seth Dumoga, for allegedly defrauding an estate developer of an amount of about $100,000. The accused person, Seth Dumoga, who is also lawyer, was accused of committing the crime with his Chinese accomplice, Tang Hong, who is currently at large.
Chinese strike diamond riches – The Financial Gazette (ZWE)
The Chinese have struck riches in Chiadzwa after partnering government in mining gems from the controversial diamond fields.
China calls for early establishment of inclusive political transition process in Libya – Xinhuanet (CHN)
China on Friday called for Libya to launch an inclusive political transition process as early as possible.
GNGC, Technip Clinch Deal – Ghana Web (GHA)
The Ghana National Gas Company (GNGC) has awarded to Technip, a contract for the front end engineering and design (FEED), for the construction of a national gas processing plant, to be sited at Domunli in the Jomoro District of the Western Region. The gas infrastructure project is principally to be funded from the $3billion China Development Bank (CDB) loan, which was recently approved by Ghana’s Parliament. About $850million is earmarked for the construction of a national gas infrastructure.
Esele urges foreign firms to respect Nigerian workers’right – The Guardian (NGA)
President, Trade Union Congress of Nigeria (TUC), Peter Esele, has called on labour leaders from China to prevail on their companies operating in Nigeria to respect extant labour laws.
China Railway Identifies Major Constrain On Wilkinson Road – Concord Times (SLE)
Project coordinator for the company reconstructing Wilkinson Road has identified key constrains facing China Railway Seventh Group CRSG to complete the work within stipulated time.
CEIBS woos business executives with learning models – The Guardian (NGA)
The China Europe International Business School (CEIBS) is offering Nigerian business executives seeking to take their careers to a top level, an executive MBA programme with learning models, which it described as suitable for Africa.
Grace School pledges support for indigent students – The Guardian (NGA)
To sustain the legacy of its founder, Deaconess Bisola Oshinowo, who died on August 28 at the age 82, Grace Schools, Lagos, according to its Administrator, Mrs Tokunbo Edun, will continue with the yearly scholarship award for academically gifted but indigent students from public schools across the country. As the first Nigerian school to introduce Chinese Language into its curriculum, in collaboration with the Chinese government, she said plans were already in top gear to establish a Confucius classroom, with a direct link with China, to teach the Chinese language.
Govt scraps national programme for agric, food security – The Guardian (NGA)
A Cocktail of reforms, yesterday, hallmarked Federal Government’s apparent reaction to lingering food security crisis plaguing the economy. Again, the administration has opted for Chinese model of food production, with some farmers from the Far East Asian country now engaged in training their local counterparts on modern farm techniques for improved productivity.
Treasury may diversify dollar reserves to shield shilling – Business Daily (KEN)
The Treasury has hinted at broadening the composition of the Kenya’s foreign exchange reserves to stabilise the shilling against major world currencies. A broader base would open the door for the Central Bank of Kenya to hold reserves in emerging currencies like the Chinese renminbi—the yuan —and India’s rupee given the increasing level of trade with the countries.
SA business must adapt to the new world being created by the rise of China – Engineering News (ZAF)
The rapid growth of the major emerging economies, and in particular China, is creating a new world and this, in turn, will have consequences for South African business. “The rise of China completely redefines international relationships between the different parts of the global economic system,” Beijing Axis group MD Kobus van der Wath toldEngineering News Online on Thursday.
China vows closer relations with Seychelles – People’s Daily (CHN)
Chinese Vice President Xi Jinping met with President of Seychelles James Alix Michel in Beijing on Thursday, vowing to boost stronger bilateral relations.
China International Fund in Africa: Caixin’s New Revelations – Deborah Brautigam’s blog
Two days ago, the Chinese newspaper Caixin published an investigative report on China International Fund (CIF) done by a group of journalism students at Columbia University.
Angolan ambassador presents credentials in China – Angola Press (AGO)
The Angolan ambassador to the China, João Garcia Bires, Monday in Beijing presented the copies of his credentials to the deputy director of the Protocol of China’s Foreign Ministry, Lin Nan.
Reho miners in fear of Chinese employer – Informante (NAM)
Workers at Swartmodders copper mine at the outskirts of Rehoboth have conducted informal meetings to discuss the way forward in tackling what they regard as unacceptable working conditions at the Chinese run mine.
China urges objective,impartial evaluation of China-Africa cooperation – China-Wire (CHN)
Foreign Ministry spokeswoman Jiang Yu said on Wednesday that China hopes the international community can make an objective and impartial evaluation of China-Africa cooperation.
China ups investment in Africa’s manufacturing – Business Live (ZAF)
While the natural resource and infrastructure sectors attract the largest share of Chinese foreign direct investment to sub-Saharan Africa, investment in manufacturing is increasing.
Ghana Can Access $3 Billion From Us Exim Bank – Ghana Web (GHA)
Interest rates on loans accessed from the US are comparatively lower than, for example, the 6-month LIBOR that comes with the $3 billion Chinese loan. The benchmark interest rate in the United States was last reported at 0.25 percent whilst the 6-month LIBOR currently stands at 0.59 percent.
Chinese yuan’s new global challenge to the dollar –Christian Science Monitor (USA)
Nigerian Central Bank Governor Lamido Sanusi said in Beijing on Sept. 6 that Africa’s top oil exporter will convert as much as 10 percent of its $33 billion in foreign reserves from US dollars into Chinese yuan. Central banks use foreign reserves to manage their own currency’s value.
Sudan Brings China and India Together on Business – Africa Good News (ZAF)
China and India have often been portrayed as predators seeking natural resources all over the world, and their presence across the African continent is especially noticeable now. During the process of obtaining natural resources, China and India have been described as rivals. Under these circumstances, it is intriguing that China and India have chosen not to compete, but to cooperate, in the oil industry in Sudan since 2004. Against this backdrop, cooperation between China and India is explored in more detail in this article.
China tightening grip on trade with Uganda – The Monitor (UGA)
At this year’s Uganda Manufacturers Association (UMA) Trade Fair at the Lugogo Show Grounds, some 70 odd Chinese companies exhibited. Industrial players said these largely constituted “new opportunity” seekers and less of already established businesses.
Chinese smartphones to pull Africa online – The Africa Report
Huawei has designed a cheaper version of a smartphone running on Android with basic screen and camera definition, sold in various countries for around 80 USD. That’s half the price of the same phone sold in India. Experts say Huawei doesn’t make more than a few dollars’ benefit on each unit sold. It is however a political decision to open up a market in Africa thanks to this aggressive pricing policy.
Zambia miners at Chinese firm strike again over pay – Zambian Watchdog (ZAM)
Zambian miners at Chinese-owned NFC Africa Mining went on strike again on Tuesday after the company refused to raise their wages by nearly 100 percent as agreed last week, the National Union of Mine and Allied Workers said.
Rising costs in China offer opportunities for Africa – Engineering News (ZAF)
African countries should be seeking to attract manufacturing industries that are now looking to exit China because of the Asian country’s increasing labour costs. So argued Brenthouse Foundation director Dr Greg Mills and KPMG South Africa’s China desk head Glenn Ho on Tuesday.
Chinese in Rwanda – The World (USA)
A funny thing happens to some Chinese when they come to Rwanda. They relax. Perhaps it’s the balmy weather, or the vistas of rolling hills and lush valleys. Perhaps it’s the pace of life.
BRICS countries made incredible progress, says exchanges boss – Ximnhuanet (CHN)
The BRICS (Brazil, Russia, India, China and South Africa) countries have made incredible progress over the past 10 years, Ron Acrulli, chairman of the World Federation of Exchanges, told Johannesburg’s Afrikaans language Sunday newspaper Rapport.
African Safari: CIF’s Grab for Oil and Minerals – Caixin Online (CHN)
A mysterious company introduces a new model for doing business in Africa. Africa has become one of China’s most important energy sources. Nowhere on the continent is this more evident than in Angola, China’s second-largest oil supplier, trailing only Saudi Arabia.
China is greasing wheels of ANC – Business Day (ZAF)
With all due respect to President Jacob Zuma , his utterances regarding SA’s foreign policy are unintelligible (‘Classic’ Zuma showing leaves more questions than answers, October 13).
Chinese trying to develop softer image in Africa, globally by teaching, educating – Public Radio International (USA)
China has opened more than 300 Confucius Institutes around the globe, 21 of them in Africa, as they try to reform their image and build cultural ties with people all over the world.
China and Oil-backed Loans in Angola: The Real Story – Deborah Brautigam’s blog
The story of China in Angola has been told so often, and almost always those telling the story neglect the larger context of how Chinese banks fit into a pre-existing system whereby Angolans financed so much of their government spending for so long: through oil-backed loans from Western banks.
FG Adopts Chinese Farming Option – This Day (NGA)
As part of efforts to ensure that quality food is made available to all the citizens, the federal government has engaged Chinese local farmers to teach their Nigerian counterparts how to grow more food with less physical energy.
Bank of China’s loan to Mozambique used to carry out several projects in provinces of Zambézia and Tete – Club of Mozambique (MOZ)
A loan of US$50 million provided by the Bank of China to the former Zambezi Planning Office has made it possible to carry out a variety of development projects, said the chairman of the institution that closed down in 2010.