Weekly news

25/05/2009 to 31/05/2009

* ICBC boss scarce at Standard Bank- Business Report (ZAF)
29/05/2009
Yang Kaisheng, the president of Industrial and Commercial Bank of China (ICBC), which acquired a 20 percent stake in Standard Bank in 2007, failed to attend two board meetings and numerous committee meetings last year. 
Full Story.

* Transport Ministry acquires two new trains- Ghana Web (GHN)
29/05/2009
Two new 2009 model trains consigned to the Ministry of Transport have arrived at the port of Tema on board MV Kamp Ship. 
Full Story.

* Equipment worth R72m for Ngqura container terminal arrives from China- Engineering News (ZAF)

29/05/2009
The State-owned Transnet Port Terminals has taken delivery of the R72-million components and equipment bound for the Ngqura container terminal (NCT), which will be launched in October. Full Story.

* Mutual to cough up R520m to exit deal in China- Business Day (ZAF)
28/05/2009
Old Mutual is paying more than R520m (à 45m) to unwind a decision to obtain a 49% stake in an asset management firm in China. 
Full Story.

* Local bank rewards ICBC with R1.8bn- Business Report (ZAF)
28/05/2009 
Industrial and Commercial Bank of China (ICBC) had received R1.8 billion of dividends from Standard Bank after buying a stake in the firm last year, ICBC said yesterday. Full Story.
* Chinese firm keen to invest R2bn in local theme park- Business Report (ZAF)
28/05/2009
China’s Huaqiang Holdings is looking to invest $250 million (R2.1 billion) in a theme park in Johannesburg, with construction likely to start before the end of the year. Full Story.


* Fake Drugs Kill 700,000 Yearly- Ghana Web (GHN)
28/05/2009
Over 700,000 people die yearly from the consumption of fake drugs, a new report has uncovered. China and India are the two places in the world where most fake drugs originate from. 
Full Story.

* Nigerian Trade Delegation Arrives China- This Day (NGA)
28/05/2009
An official five-man delegation of the First Nigeria-China Trade and Investment Forum has arrived Beijing, China to sensitise and mobilise the Chinese business community for participation in an Investment Forum billed for Abuja in September 2009. 
Full Story.

* Great Wall To Build Computer Manufacturing Plant In Africa- China Sourcing News (CHN)
28/05/2009
China Great Wall Computer Group Corporation and the Algerian broadband network operator EEPAD have reached an agreement to jointly invest USD4 million to set up a manufacturing joint venture in Algeria. 
Full Story.

* Chinese special envoy meets Darfur rebels- Sudan Tribune (SDN)
28/05/2009
Ambassador Liu Guijin, the Chinese envoy to Sudan, met today with rebels of the Justice and Equality Movement in the Qatari capital where there are various meetings on the Darfur conflict. 
Full Story.

* Road tolls to be increased- Ghana Web (GHN)
27/05/2009
Mr. Joe Gidisu, Minister of Roads and Highways on Wednesday said the Ministry was submitting to cabinet a proposal to increase road tolls as well as for other roads to be tolled. 
Full Story.

* Imported duplicate goods to face ban- Monitor (UGA)

27/05/2009
The government is considering banning the importation of goods currently produced by local industries. Full Story.

* India’s Bharti and South Africa’s MTN Seek Merger, Threaten China Mobile- Digital East Asia
26/05/2009

After turning down advances from China Mobile earlier in the year, MTN revived merger talks with India’s Bharti Airtel. Full Story.


* China says ready to work with USA to promote settlement for Darfur- Sudan Tribune (SDN)
26/05/2009
China and the United States of America on Tuesday decided to work with each other to promote the settlement of the Darfur conflict, an official news agency reported during the visit of a US envoy. 
Full Story.

* China, Sierra Leone vow to further enhance friendly ties- China View (CHN)
25/05/2009
Chinese President Hu Jintao held talks with his Sierra Leone counterpart Ernest Bai Koroma here Monday, both agreeing to push the bilateral friendly and cooperative ties to a new height. 
Full Story.

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