Weekly news

22/09/2010 to 28/09/2010

China dives deep for African roots- Asia Times (CHN)
Irked by accusations that it is the new colonizer of Africa, China is looking to use soft power and historical evidence of its ancient links to the continent to justify its economic embrace of Africa.

Emerging economies outpace Japan in the battle for trade with resource-rich Africa- Business Daily (KEN)
While Japan-Africa trade relations have displayed growth momentum, they have been unable to keep pace with the frenetic rise in Africa’s trade relations with the emerging world.

Understanding China’s tyranny and the secret to economic success- Standard (KEN)
28/09/2010 In 1970s, one could easily have landed in jail for being seen around the Libyan or Chinese embassy. Today, not only does Libya own property in Kenya, but Chinese are building our roads.

Brand Kenya courts Kenyan students in China- Standard (KEN)
In one such exercise, Brand Kenya engaged at least 300 students studying in China. The Brand Kenya Chief Executive Mary Kimonye says Kenya would use members of its community abroad to serve as ‘brand ambassadors” and also seek to expand people-to-people ties.

Ghanaians in China happier now than ever before- Ghana Web (GHN)
A 45-year old Ghanaian business man in China George Obou says, Ghanaians in China are now proud and happy than ever before.

Soft drink company Coca Cola launches plastic recycling project- The East African (KEN)
Soft drink giant Coca-Cola East and Central Africa is leading a new initiative to help tackle plastic bottle wastes with a recycling project already running in Kenya.

Trade between China and Portuguese-speaking countries rises 60.52 pct between January and August- Club of Mozambique (MOZ)
Trade between China and the Portuguese-speaking countries from January to August rose 60.52 percent year on year to US$58.57 billion, according to figures from China’s Customs Bureau.

Uganda seeks Tullow’s help as tax talks stall with Heritage- Daily Motion (UGA)
The tax spat has delayed Tullow’s planned sale of two-thirds of the Lake Albert oil license areas to China National Offshore Oil Company (CEO) and French oil major Total SA (TOT). The three companies plan to share the cost of developing Uganda’s fledgling oil industry.

Chinese blamed for dogs attack on Ghanaian- Africa News (NLD)
Friends of a sixty year-old security man who was attacked and almost killed by guard dogs at Teshie near Accra,the capital town of Ghana are blaming their Chinese employers for the incident.

Donors question transparency of STX Korea Housing deal- Ghana Web (GHN)
Ghana’s Western development partners are unhappy about the level of transparency in contributions of non-traditional donors like China to the country’s development.

China needs African women, Khaki shorts and the Bible- The East African (KEN)
Readers don’t have to take this too seriously. It’s what happens when you think and write with tongue in cheek.It was in that state that I realised that China is going about its conquest of Africa in a terribly inefficient way.

Chinese chamber worst employer: Sactwu- Business Day (ZAF)
The Newcastle Chinese Chamber of Commerce is the worst employer in the local clothing industry, the SA Clothing and Textile Workers’ Union (Sactwu) said on Sunday.

Bidvest Bank buys, sells Chinese yuan notes- Business Report (ZAF)
Bidvest Bank has begun buying and selling Chinese Yuan notes, a spokesman said on Monday.

China’s oil and gas explorers look to Africa to satisfy expanding appetite for fuel- Business Report (ZAF)
Chinese petroleum companies have doubled their efforts to secure foreign fuel reserves to cater for that country’s ever increasing oil and gas demands. This is according to a Deloitte report released last week on China’s demand for oil and gas and its impact on Africa.

Vice-President directs an official ceremony in China- Journal de Angola (AGO)
The Vice-President of the Republic, Fernando da Piedade Dias dos Santos, left yesterday for China, where he presides on Sunday, the official ceremonies of the Angola Day at Expo 2010 Shanghai.

Ethiopia launches construction of grand railway- Walta Information (ETH)
Ethiopia has launched the construction of its biggest railway. The government will be spending an average of 6 billion birr per year for the construction of the railway.

Interview with Mr. Lu Shaye, Director-General of Department of African Affairs- Time (USA)
On September 17 2010, Mr. Lu Shaye, Director-General of Department of African Affairs of the Ministry of Foreign Affairs was interviewed byHannah Beech, Time magazine’s Beijing bureau chief.

China To Build Two Regional Hospitals In Ghana- Ghana Web (GHN)
Shangai Construction Company in China has agreed to build two regional hospitals in Wa and Kumasi to enhance healthcare delivery. The gesture by the Chinese company is in support of the government’s ‘Better Ghana’ agenda in the health sector.

China has so far provided US$6 billion in loans to Angola-Club of Mozambique (MOZ)
The credit provided by China for Angola’s national reconstruction programme currently stands at US$6 billion, the Angolan ambassador to China, João Manuel Bernardo said Thursday in Shanghai.

China to pump $16bn into Ghana- Ghana Web (GHN)
GHANA and China signed project loans and another deal together totalling $16bn, the latest in a string of Chinese investments in Africa.

Fitch Raises Outlook On Ghana To Stable As Economy Stabilizes- Ghana Web (GHN)
Fitch Ratings raised its outlook on Ghana’s speculative-grade credit ratings on a stabilizing economy and in anticipation of increased oil production later this year.

Appeal made for closer Sino-Africa partnership- IPP Media (TZA)
Adelhelm Meru, Director General of Tanzania’s Export Processing Zones Authority (EPZA), has said only a win-win partnership with China can lead to enhanced investment in World Bank-supported and other special economic zones (SEZs) in Africa.

China pumps billions into developing states- Business Report (ZAF)
Ghana had signed nearly $13 billion (R91bn) worth of loan deals with Chinese investors to fund energy, agriculture and transport development in the west African state, the government said yesterday.

Construction workers at Ndola stadium warned- Lusaka Times (ZAM)
Government has said it will not tolerate unnecessary excuses from Zambian workers who are working with a Chinese firm Anhui Foreign Economic Construction Corporation (AFECC) to build the Ndola stadium.

Govt spent K174bn on Zimba-Livingstone Road- Lusaka Times (ZAM)
Government has disclosed that about K174 billion has been spent to complete the 73- kilometre Zimba-Livingstone road in Southern Province.

$1.2bn dollars investment in Ghana’s bauxite industry- Africa News (NLD)
A $1.2 billion investment has been signed by a Chinese Firm, Bosai Minerals Group to give the West African nation Ghana’s Bauxite and aluminum industries to establish a modern Alumina Refinery Plant in that part of the country.

Interview: “Africa benefits from China’s rapid growth,” U.S economist says- Xinhua (CHN)
While Africa slowly inches behind other continents on the road to achieve the Millennium Development Goals (MDGs) by 2015, “Africa benefits from China’s rapid growth,” a famous U.S economist told Xinhua in a recent interview.

Key experts left out in city roads expansion- Daily Nation (KEN)
To residents of the now dusty Thika Road, the expansion into Kenya’s first super-highway will bring good things.

Trade between Nigeria, China in 6 months hits N5.3 trillion, Counsellor- Vanguard (NGA)
The Chinese Embassy said on  Monday that trade between Nigeria and China in the first half of 2010 reached $36.76 billion (about N5.3 trillion).

ExxonMobil pioneers use of Nigerian made pipes- Vanguard (NGA)
American energy giant, ExxonMobil has pioneered the use of made in Nigeria pipes in the oil and gas industry. The company is also set to deploy Helical Submerged Arc Welded (HSAW) pipes fabricated locally by SCC Pipe Mills for its Usari-Idoho pipeline replacement project in Akwa Ibom state.

China Funding Diamond Plunder With Guns- SW Radio Africa (GBR)
A top secret deal between Robert Mugabe and China’s ‘Red Army’ is reportedly keeping the regime in power, in an ‘arms-for-diamonds’ arrangement that is driving the plunder of the Chiadzwa diamond fields.

Expressway will open new chapter: PM Meles- Walta Information (ETH)
Prime Minister Meles Zenawi said the construction of the Addis Ababa-Adama Expressway would open a new chapter in the history of the country.

Lining up for Jubilee- Africa-Asia Confidential (GBR)
President John Evans Atta Mills, his government and the Ghana National Petroleum Corporation are entertaining offers for cooperation and a stake in the Jubilee oil field from all over Asia.

Relations have never been better- Africa-Asia Confidential (GBR)
From energy and construction to transport and agriculture, President Jacob Zuma’s 23-26 August trip to China has garnered billions of dollars in potential investments across the economic spectrum.

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