Weekly news

21/03/2010 to 29/03/2010

* Sinopec to buy Angola oil field stake for $2.46 billion – China Wire (CHN)
29/03/2010
Asia’s top oil refiner, Sinopec, will buy a stake in an Angolan oil field for 16.77 billion yuan ($2.46 billion) to boost the company’s crude oil production, Sinopec announced March 29. Full Story.

* China to support oil sector – The New Vision (UGA)
29/03/2010
China is increasingly looking beyond Africa’s established markets to tap into opportunities in Uganda, which is expected to become a crucial new frontier in the continent’s oil industry. Full Story.

* Queries raised over military choppers that have yet to fly – Daily Nation (KEN)
27/03/2010
Did Kenya buy defective helicopters from China? That is the question being asked by military engineers after it became apparent that eight Chinese choppers delivered to Nairobi in January have not been flown. Full Story.

* China, Namibia mark 20 years of diplomatic relations – Forum on China Africa Cooperation (CHN)
27/03/2010
Namibia commended China’s assistance during its independence struggle at a banquet held on Saturday in Windhoek in honor of a visiting Chinese delegation led by Jia Qinglin, China’s top political advisor. Full Story.

* China Exim values cooperation with Africa – Forum on China Africa Cooperation (CHN)
27/03/2010
The Export-Import Bank of China (China Exim), an international cooperation bank, highly values its commercial ties with Africa, bank governor Li Rougu has reaffirmed. Full Story.

* Chinese Come to Development Aid in Arumeru and Longido – The Arusha Times (TZA)
27/03/2010
The government of China has given donation of bicycles, sewing machines and sport balls to Arusha and Longido district councils valued at Tsh.7 million. Full Story.

* Tweya Lays Down the Rules to Chinese Investors – The Nambian (NMA)
26/03/2010
Tjekero Tweya yesterday made his debut as Deputy Trade and Industry Minister by telling China to stop flooding Namibia with unskilled labour and goods, and to help develop the country instead. Full Story.

* Vice-President receives ambassadors – Jornal de Angola (AGO)
26/03/2010
The Vice-President of the Republic, Fernando Dias dos Santos, received yesterday in separate audiences the ambassadors of China, Zhang Bolun, and Cuba, Pedro Ross Leal.  Full Story.

* Delegation of China in Angola – Jornal De Angola (AGO)
26/03/2010
A Chinese military delegation is since Wednesday in Luanda for a visit of exploration and identification of new areas for strengthening relations between the two countries.Full Story.

* South Africa eyes Uganda’s oilfields – Daily Monitor (UGA)
26/03/2010
With more than 800 million barrels of crude oil discovered in Uganda’s Lake Albert basin and an intensive ongoing exploration campaign, Mr Fu Chengyu, the CEO of China National Offshore Oil Corporation, told delegates that Uganda has become a new frontier in the African oil industry. Full Story.

* Shipwreck sought off Kenya coast – News 24 (ZAF)
25/03/2010
Kenyan and Chinese divers will embark on an under-sea mission to find the wreckage of a Chinese vessel that sank off the east African country’s coast 600 years ago, an official said on Thursday. Full Story.

* RB expected in Mazabuka tomorrow to re-open Munali Nickel Mine – Lusaka Times (ZAM)
25/03/2010
The President will travel to Mazabuka to re-open the mine, which has been acquired by a Chinese firm Jinchuan Mining Group and is expected to employ over 350 workers in the area.  Full Story.

* China to Cement Grand African Research Plans – SciDev (GBR)
25/03/2010
China will flesh out the details of its joint research programme with Africa at a meeting in Beijing next week. Full Story.

* China, Cameroon Sign Accords on Road, Postal, Energy Projects – Walta Information (ETH)
25/03/2010
China and Cameroon signed eight cooperation agreements on projects in the agriculture, energy, road, postal, and information and communicationstechnology industries in the Central African country. Full Story.

* No oil discovery in Kenya yet – Daily Nation (KEN)
24/03/2010
There have been several news items recently alluding to a discovery of gas by the Chinese company, CNOOC, which is drilling an exploratory well in the Merti area of Isiolo District in exploration Block 9. Full Story.

* China and Ethiopia – Walta Information (ETH)
24/03/2010
The trade relations between China and Ethiopia hit high in 2009 registering 1.4 billion USD. Ethiopia’s export to China has yearly doubled and China’s export to Ethiopia has also been increasing, which signifies bidirectional trade balance.” Ambassado Gu Xiaojie. Full Story.

Tullow Oil says keen to expand in East Africa – Daily Nation (KEN)
23/03/2010
Encouraged by an oil find in western Uganda, London-based petroleum explorer Tullow Oil is keen to expand exploration in other parts of east Africa, a senior company official said….The Ugandan government has in turn forced Tullow Oil to enter into partnerships with France’s Total and China’s CNOOC. Full Story.

* Africa is new battleground for global investors – Daily Monitor (UGA)
23/03/2010
An unnoticed event happened a few days ago. CNN pioneered its Africa business programme Market Place Africa. Now, this is not CNN’s Inside Africa but a programme to showcase the continent’s business exploits and exclusively put the spotlight on commerce in Africa….And the Chinese are not sleeping. The Chinese have signed oil deals worth billions of dollars in Angola, Sudan and Congo. Full Story.

* Rwanda to participate in Shanghai exhibition – The New Times (RWA)
23/03/2010
Rwanda will take part in the forthcoming world exhibition in Shanghai, China that will run for six months. 
Full Story.

* Country-China Trade Hits N1.053 Trillion – Daily Champion (NGA)
23/03/2010
Mr Rong Yansong, the Economic and Commercial Counselor of the Chinese Embassy in Nigeria, says the trade volume between both countries increased from $3billion in 2006 to $7.24billion in 2008. Full Story.

* U.S.$50 Billion Investment – China Plans For The Nation’s Oil, Electricity – Daily Independent (NGA)
22/03/2010
China, world second biggest oil consumer, has advanced discussions with Nigeria about China’s increasing investment in the West African country’s oil and power industries. Full Story.

* Project seeks to confirm roots of ‘Lamu Chinese’ – The Standard (KEN)
22/03/2010
If an ambitious project to retrieve a ship that sunk 600 years ago off Lamu is successful, then Kenya and China could confirm links that date back many centuries. Full Story.

* What Does China Want from – This Day (NGA)
22/03/2010
Today, China is indeed a world power in every sense of the word and it is unimaginable that up till now, the country is still being referred to as an emerging economic power. China seems not bothered about the appellation out of conviction that if she continues with her developmental efforts and gets more countries, especially those in the third world, to come along with her in terms of patronage; she too would continue to be a force to reckon with. Full Story.

* Rehabilitation works on Job 600 commences – Ghana Web (GHN)
22/03/2010
Mrs Joyce Bamford Addo, Speaker of Parliament on Monday officially handed over to the China Hoalong Construction Limited, the State House Towers for refurbishment. 
Full Story.

* Tanzania-Chinese company to manufacture construction equipment beginning Saturday – IPP Media (TZA)
22/03/2010
A Tanzanian company, Complete International, in collaboration with a Chinese firm, Changlin Company, plan to spend USD3m in a period of five months in a project to produce construction equipment beginning Saturday. Full Story.

* RB trips meant to attract investment – Lusaka Times (ZAM)
22/03/2010
MMD Copperbelt provincial chairperson Joseph Chilambwe has said President Rupiah Banda’s trips to China and other countries are meant to attract investments that would help develop the various sectors of the economy and improve people’s lives in the country. Full Story.

* Int’l donors raise 841 mln USD for Darfur reconstruction – Walta Information (ETH)
22/03/2010
The International Donors Conference for the Reconstruction of Darfur wrapped up here on Sunday with pledges to provide 841 million U.S. dollars for development and reconstruction projects in the war-torn Sudanese region….The crux of the Darfur crisis is development … in order to solve this problem, it is essential to revive and reconstruct local economy and society,” said Chinese special envoy to Darfur Liu Guijin. Full Story.

* Terrorism – Challenges Nation Must Confront! – This Day (NGA)
22/03/2010
Recently in Lagos, some eggheads converged under the auspices of Initiative for Public Policy Analysis (IPPA) Nigeria, to rub minds on the listing of Nigeria among countries of interest on the United States of America’s terror list……China right now, is ready to invest about $50 billion to acquire six billion barrels of Nigerian oil and buy stakes in Western interests. Full Story.

* Is Kenya Getting It Right? – The East African (KEN)
22/03/2010
The Chinese have of late been a major factor in oil exploration in Kenya. Indeed, the current momentum of oil exploration only started with a visit to China in 2004 by President Mwai Kibaki. Full Story.

* Djibouti president hints at third term – Walta Information (ETH)
22/03/2010
The president of Djibouti Ismail Omar Guelleh signalled in an interview that he was prepared to run for a third six-year term if lawmakers amend the constitution in the small Horn of Africa nation…. Chinese will be Djibouti’s biggest investors next year and in 2012, Guelleh said. “The Chinese will help make the port of Djibouti the biggest hub in this region. That will cost nearly half a billion U.S. dollars,” he said. Full Story.

* African nations at loggerheads over auction of ivory stockpiles – The Guardian (GBR)
21/03/2010
Tanzania and Zambia are seeking permission to sell off their stockpiles to Japan and China. Full Story.

* Kenya should tap Chinese expertise – Daily Nation (KEN)
21/03/2010
Of late, our country has been blessed with the opportunity of having China share its unique and inexpensive way of bringing much needed development. Full Story.

* Sh27bn Kenya arms purchase queried – Daily Nation (KEN)
21/03/2010
The government was on Sunday on the spot over its massive expenditure on military hardware. A whopping Sh27 billion ($348 million) was used to buy combat aircraft, helicopters, grenade launchers and other light arms in a single year, according to a report by a peace studies institute….Mr Kapondi said. Among the hardware Kenya is said to have bought were 15 combat aircraft from Jordan and four helicopters from China. Full Story.

* China Invested $7.24 Billion Locally in 2009 – Daily Trust (NGA)
21/03/2010
The Chinese Government invested 7.24 billion dollars in different sectors of the Nigerian economy in 2009, Mr Rong Yansong, Commercial Counsellor, Chinese Embassy, said in Enugu. Full Story.

* Chinese Govt Invested $7.24bn in Nigeria – This Day (NGA)
21/03/2010
The Chinese Government invested $7.24 billion in different sectors of the Nigerian economy in 2009, Mr Rong Yansong, Commercial Counsellor, Chinese Embassy, said in Enugu. Full Story.

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