Weekly news

26/05/2010 to 01/06/2010

Chinese company to build $1bn-plus Lagos rail line- Engineering News (ZAF)
The sprawling city of Lagos, in Nigeria, should have its first urban rail system operational by 2013. Lagos is the biggest city in sub-Saharan Africa, with a population of 15-million to 18-million people. The city has a public transport system that features a bus rapid transit (BRT) system, as well as minibus taxis – somewhat similar to Johannesburg.

Kenya reaps billions from Sudanese separation plan- Business Daily (KEN)

“Nobody knows what relationship the North and South might have in 10 or 20 years time,” said a Chinese diplomat in Kenya who asked to be identified simply as Mr Liu. “A separate trade route is important given the trends in Sudan and relevant Chinese companies are now looking into this,” he said.

NBA, Chinese Law body sign pact- The Guardian (NGA)

To improve on the legal profession in the country, the Nigerian Bar Association (NBA) and the Chinese Law Society have signed a memorandum of mutual co-operation. First Vice President of the NBA, Mr. Ikeazor Akaraiwe, at the weekend in Lagos led other officials of the NBA to the meeting while Mr. Li Qinglin, Vice President led other members of the China Law Society to the event held over the weekend.

Clothing industry seeks level field with China- Business Day (ZAF)
The government should enact trade and industrial policies that create a level playing field between South African clothing manufacturers and their rivals in mainland China, says Apparel Manufacturers of SA executive director Johann Baard.

Mozambicans Complain Against Chinese Employer- Club de Mozambique (MOZ)
31/05/2010Mozambican workers involved in building the new international passenger terminal at Maputo International Airport have accused their Chinese employers of violating Mozambican labour legislation and of physically assaulting them.

Cofieco and Huang launches BYD FO car in Ghana- Ghana Web (GHN)

The management of Cofieco and Huang Limited, an automobile marketing company in Accra, has launched the BYD FO saloon car onto the Ghanaian market to solve transportation needs of low income earn ers who want to own a car.

Tullow Far From Earning Petrodollars for Nation And EA- East African (KEN)
Uganda and East Africa may have to wait a little longer for petro-dollars from Uganda’s extensive oil fields as it emerges that major oil production is unlikely to commence until at least 2014/15.

Three Chinese expatriate workers kidnapped by hoodlums in Abia were released today, one week after they were kidnapped.

China’s military chief met the President- Journal de Angola (AGO)
The President of the Republic, José Eduardo dos Santos, advocated the need to find a more expeditious mechanism for cooperation with China in the field of defense is faster.

Ghana gets first mobile phone assembling company- Ghana Web (GHN)

rLG Communications, Ghana’s first mobile phone assembling company, has started operations in the country with a promise to give jobs to 30,000 youth from the National Youth Employment Programme by the close of the year.

Chinese-financed fund facilitates big investments for African power, agro and automotive ventures- Engineering News (ZAF)
The China-Africa Development Fund (CADFund) is working on facilitating investments in the automotive, power generation and agriculture markets in South Africa, says CEO Chi Jianxin.

Chinese-backed cement plant to open its doors in Limpopo in 2012- Engineering News (ZAF)
Limpopo will see a new cement manufac- turing plant open its doors in 2012, with a second plant possible in another South African Development Community (SADC) country.

Big scale-up plans for grid-connected Karoo microsolar plant- Engineering News (ZAF)
The developers of a new small-scale solar-energy project in the Karoo town of Copperton, some 60 km north of Prieska, in the Northern Cape, are optimistic that there is potential to scale up the facility, in phases, into a far larger solar park, with an eventual nameplate capacity of 500 MW.

China welcomes Darfur peace talks resumption in Doha- FOCAC (CHN)
China on Thursday welcomed the resumption of Doha peace talks between the Sudanese government and Darfur rebel group Liberation and Justice Movement (LJM) in June.
Africa becoming low cost manufacturing hub for Chinese investments- Pambazuka News (KEN)
Over the past several months there have been a variety of newspaper reports outlining China’s increasing investment footprint across Africa. Some of these announced deals and projects include the following.

FG Moves to Curb Contract Inflation- This Day (NGA)
Determined to eliminate cases of contract inflation, the Federal Government has set up an inter-ministerial committee headed by Vice-President Namadi Sambo that would painstakenly review all contracts to ensure they match the prices they are quoted for.

Govt, China Launch $14.5 Million Food Security Programme- Leadership (NGA)
27/05/2010The Federal Government in collaboration with Chinese Government and the Food Agriculture Organization (FAO) yesterday unveiled the second phase of the Nigeria South-South programme on food security worth $14.5 million.

Halt mining licences — Malema- Business Day (ZAF)

Mineral rights vested in the state should be transferred to the proposed state-owned mining company, which would use them to enter into partnerships with private companies, African National Congress (ANC) Youth League president Julius Malema said yesterday.
In recent years China has become the world’s leading dam builder. China not only builds the biggest number of hydropower projects within its borders, but Chinese companies have also begun to dominate the world market.

Luanshya mine to create 1,000 more jobs- Lusaka Times (ZMB)
China Non-Ferrous Metal Company’s Luanshya Copper Mines (CLM) is set to recruit 1,000 employees in readiness for the beginning of production at the Muliashi open pit mine, taking the total number of workers to more than 3,000.

Chinese Investors Determined to Achieve Their Investment Targets- Times of Zambia (ZMB)
Critics who found pleasure in predicting the collapse of Luanshya Copper Mine must be gnashing their teeth after learning that the new owners, China Non-Ferrous Metal Company, are stepping up their investments and giving hope to the people of Luanshya by opening up more employment opportunities.

RBZ-Owned Mine Facing Collapse- Zimbabwe Independent (ZBW)

Golden Kopje mine, a mine owned by the Reserve Bank, could be headed for collapse amid reports that government is failing to court a new investor due to stringent investment conditions and a sharp decline in mineral ore.

Zambia to Exceed 2010 Growth Forecast, Seek First Credit Rating- Lusaka Times (ZMB)

Zambia’s economy is benefiting from Chinese investment in its copper industry. China Development Bank Corp. will provide $5 billion of loans to companies involved in Zambia’s mining sector under an accord signed this month, the official Zambia News & Information Services reported on May 13.

World Economic Forum underlines need to build new Africa-China strategic relationship- FOCAC (CHN)

While the strategic interests of China and Africa are increasingly and inextricably linked, Africa must prove it is a reliable predictable trade partner and attractive destination for investment, while China must listen to what Africa wants, South Africa’s Trade and Industry Minister Rob Davies told the 20th World Economic Forum (WEF) on Africa that closed here Friday.

Jonathan Commissions Zamfara Factory- Daily Trust (NGA)

President Goodluck Jonathan yesterday commissioned the Zamfara Integrated Solid Minerals Processing Factory with a pledge to assist any foreign company that wants to invest in areas where the country’s economy would improve.

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