Weekly news

21/09/2009 to 27/09/2009

All last week’s China Africa developments below: 

* Nigerian oil licences eyed by China could expire- Business Day (ZAF)
29/09/2009
Several of the Nigerian oil licences being eyed by Chinese state-owned oil company CNOOC are either close to expiry or under litigation. 
Full Story.

* Rwanda starts assembling LCD television sets- Rwandan Times (RWA)29/09/2009
Rwanda’s vision of becoming a regional ICT hub has been boosted by a revelation that a local company, A-Link Technologies, has started assembling Liquid Crystal Display (LCD) television sets. 
Full Story.

* China funds construction of two primary schools- Rwandan Times (RWA) 

29/09/2009
The State Minister for Primary and Secondary Education, Dr. Mathius Harebamungu, last week inaugurated two primary schools whose construction was funded by the Chinese Embassy. Full Story.
* Angola is China’s main trading partner in Africa- Club de Mozambique (MOZ)
29/09/2009
Angola is China’s largest trading partner in Africa and the second largest in the world with trade totalling between US$25 billion and US$31 billion in 2008, China’s current ambassador to Angola, Zhang Bolun told Angolan news agency Angop in Luanda. Full Story.
 
* ‘FCT Paid N17bn for Rail Project’- This Day (NGA)
29/09/2009
Minister of the Federal Capital Territory (FCT), Senator Adamu Aliero, yesterday said in the current financial year, over N17 billion had been paid to China Civil Engineering Construction Corporation (CCECC) for a rail project. 
Full Story.

* China seeks big stake in Nigerian oil- Financial Times (GBR)
28/09/2009
A Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world’s richest oil blocs in a deal that would eclipse Beijing’s previous efforts to secure crude overseas. 
Full Story.

* I Coast: China to boost manganese production- Africa News (NED)
28/09/2009
China National Geological and Mining Corporation (CGM) is to invest more than $20 million in two years to boost Ivory Coast’s manganese output to 300,000 tonnes per year. 
Full Story.

* Global crisis elevates China to SA’s top trading partner- Business Day (ZAF)

28/09/2009
Just 10 years after establishing diplomatic and trade relations, China has overtaken the US, Japan, Germany and the UK to become SA’s biggest trading partner, according to the latest figures from the Department of Trade and Industry. Full Story.
* Villagers abuse generosity made in China- Standard (KEN)
28/09/2009
It has been a case of the beggar biting the hand that gives.When China Wu Yi Company started construction of the Isiolo-Moyale road, it took it upon itself to supply water freely to local people and their livestock in drought-hit areas. 
Full Story.

* CPC official vows to boost partnership with Ethiopia- Walta Information (ETH)
28/09/2009
A senior official of the Communist Party of China (CPC) pledged Sunday to cement party-to-party cooperation with the Ethiopian People’s Revolutionary Democratic Front (EPRDF), Xinhua reported. 
Full Story.

* Illegal game trophies head to China- Standard (KEN)

28/09/2009
Most illegal ivory from Kenya heads to China, placing elephants and rhinos at risk, Kenya Wildlife Service (KWS) has said. Full Story.
* How we kidnapped, killed Chinese expatriate, Innocent Orji confesses- Vanguard (NGA)
25/09/2009
The alarming rate of violent crime, especially kidnapping, in the country in recent times, particularly in the South East has compounded the already frightening insecurity situation in the area. 
Full Story.

* ZACA commends Export – Import Bank of China- Lusaka Times (ZAM)
25/09/2009
The Zambia Consumer Association (ZACA) has commended the Export-Import Bank of China on the move to stop giving concessional loans to Chinese companies that supply poor quality goods to Zambian consumers. 
Full Story.

 
* Reps protest plight of Nigerians in Chinese prisons- Vanguard (NGA)
25/09/2009
The House of Representatives protested yesterday the ill-treatment of Nigerian citizens held in Chinese prisons. Full Story.
* EEPCo, 3 Chinese companies sign accord for constructing power projects- Walta Information (ETH)
24/09/2009
The Ethiopian Electric Power Corporation (EEPCo) later on Tuesday signed contract accord with three Chinese companies for construction of Genale Dawa -3 and Chemoga yeda hydropower projects and two preliminary agreements on Mesobo Harena and Adama Wind projects. Full Story.
* Ethiopia seals China deals- News 24 (ZAF)
23/09/2009
The Ethiopian government said on Wednesday that its national electricity company has signed contracts with three Chinese firms to develop hydro-electric projects and made preliminary accords for wind power projects. 
Full Story.

* China’s Visit A Success Story, Says Odubogun- Guardian (NGA)
20/09/2009
A team of clerics, led by the Primate of All Nigeria Anglican Communion, Most Revd Peter Akinola, paid a reciprocal visit to China recently. 
Full Story.

* Luanda diversifies its portfolio- Africa Asia Confidential (GBR)
September

A weak economy drives Angola into the arms of the IMF as Luanda’s elite works more closely with their Chinese counterparts in local and regional deals. Full Story.
* The Luanda-Beijing axis targets Guinea- Africa Asia Confidential (GBR)
September
Guinea’s military ruler Moussa Dadis Camara set up a commission on 28 August to manage a planned US$1.6 billion investment from the China International Fund. 
Full Story.
* The oil revenue row- Africa Asia Confidential (GBR)
September
Scrutiny of oil figures from CNPC suggests that the Khartoum government has been cheating the South of substantial revenues. 
Full Story.

* An oil barter rescue- Africa Asia Confidential (GBR)

September
Oil industry officials in Accra are linking Finance Minister Kwabena Duffuor’s 18 September statement that Ghana had applied for a US$2 billion concessional loan from China to Beijing’s bid for a stake in Ghana’s oil and gas industry. Full Story.
* Financial follow-through- Africa Asia Confidential (GBR)
September
With ongoing recession in the United States and Europe, Chinese financial institutions are increasingly turning to Africa for high returns on investment. 
Full Story.

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