Weekly news

26/06/2011 to 02/07/2011

ECOWAS invites China to participate in regional fair in 2011 -The Vanguard (NGA)
The President of the ECOWAS Commission, His Excellency, James Victor Gbeho, has invited the private sector of the Peoples Republic of China to participate in the sixth ECOWAS Trade Fair scheduled to take place later in the year in order to strengthen the partnership between West Africa’s private sector and their Chinese counterparts.

Senior Communist Party of China official vows to boost cooperation with Ethiopia -Walta Info
A senior official of the Communist Party of China (CPC) pledged on Thursday to increase cooperation with the Ethiopian People’s Revolutionary Democratic Front (EPRDF).

Forum promotes economic partnerships -Jornal de Angola (AGO)
A meeting of entrepreneurs on economics and trade cooperation between China and countries of the Portuguese language is taking place in Luanda in order to promote business opportunities and investments as well as establishing partnerships between the various countries involved.

COMESA says African countries should learn from China’s development path -FOCAC (CHN)
Secretary General of the Common Market of Eastern and Southern Africa (COMESA) Sindiso Ngwenya has said that African countries should learn from China’s development path.

Land ‘investment’ deals in Africa: Say ‘no way!’ -Pambazuka News (KEN, GBR)
It is not just food insecure rich nations such as the Gulf states or the Chinese. Our research exposes the role of private hedge funds and equity funds who have nothing to do with agriculture and who are rushing in creating agricultural operations and taking over large swathes of land.

Don’t arm Khartoum -Daily Nation (KEN)
The visit to China by Sudanese President Omar al-Bashir is a cementing of the good bilateral relations the two countries have maintained.

CPP congratulates the Chinese Communist Party -Walta Info
The Convention People’s Party, (CPP) has congratulated the leadership and entire membership of the Chinese Communist Party on the occasion of their 90th Anniversary which falls on July 1st.

China’s Jinchuan said to be considering rival bid for Metorex -Business Day (ZAF)
Chinese group is believed to be considering making a bid for Metorex.

Interview with VOA Mandarin about President Bashir -The Official Blog of Ambassador David H. Shinn
In a June 28 interview with the Mandarin service of the VOA concerning Sudanese President Omar Bashir’s visit to China, I made the following points.

Sudan secures aid and support from China -Sudan Tribune (SDN)
The Sudanese president Omer Hassan al-Bashir on Wednesday met with his Chinese counterpart Hu Jintao in Beijing and discussed the future of their relationship in light of the country’s breakup that becomes official next month.

China’s Massive Appetite for Commodities Sparks Concern -VOA News (USA)
China’s massive appetite for commodities is creating concerns for the global economy, the environment and workers in other countries.

Govt: USD700m ready for Mnazi-Bay power generation -IPP Media (TZN)
Exim Bank of China has submitted a USD700m proposal to the government to fund the 160MW Mnazi-Bay gas-to-electricity project, a clear indication that the venture will take off as planned, Energy and Minerals ministry permanent secretary David Jairo has said.

China will be neutral during Zambia polls -Lusaka Times (ZAM)
Chinese Ambassador to Zambia Zhou Yuxiao says his government will not side with any political party during this year’s tripartite elections.

ZTA Eyes Lucrative Chinese Market -The Herald (ZWE)
The Zimbabwe Tourism Authority said on Monday it was targeting to increase the number of Chinese tourists visiting the country annually from 20 000 to 50 000 by 2015.

Algerian court sentences Chinese workers after roadblock protest -RFI (FRA)
An Algerian court has sentenced 15 Chinese workers to a suspended six-month jail term and a fine of 100 euros for blocking a road because their employer had decided to send them back home, the daily El Khabar reports.

Chinese Doctors Donate to Korle-Bu Hospital -The Chronicle (GHA)
A team of Chinese doctors has donated hospital equipment and instruments worth US$134,166 to the Korle-Bu Teaching Hospital (KBTH) to assist the various wards and departments in healthcare service delivery.

The Untold Story of China Development Bank -China in Africa: The Real Story
I’ve just finished reading Erica Downs’ excellent monograph: Inside China, Inc.: China Development Bank’ Cross-Border Energy Deals. Another extremely well-researched and well-written contribution from Erica.

PHCN signs N12.75bn contract to rehabilitate Kainji Power Station -The Vanguard (NGA)
The Power Holding Company of Nigeria (PHCN) on Monday signed a N12.745 billion contract with Hydro China Company to rehabilitate the Kainji Power Station.

Habesha Awards Chinese Firm $30m Turnkey contract for brewery -Addis Fortune (ETH)
Lehui Food Machineries Co, a Chinese company, was selected for the design and commissioning of the factory of Habesha Breweries on Friday, June 24, 2011.

Bashir warns China on south split -News24 (ZAF)
Sudan’s president Omar Hassan al-Bashir told Chinese media the impending split of his country’s south risked triggering “time bombs”, but said his government’s bond with China would not be shaken by Beijing’s courting of the secessionist south.

Why Chinese are changing corporate scene -Business Daily (KEN)
So the Chinese are taking over the world. What else is new? They’ve taken over our roads — construction that is — and in the process taken over demand for vegetables in the supermarkets. They will eventually become our principal trading partner and bilateral donor for infrastructure projects, not only in Kenya but, quite likely, across the sub-Saharan region.

Kenya seeks more investors from China to bridge trade imbalance -Daily Nation (KEN)
Kenya plans to attract more companies from China to set up shop locally to help bridge the balance of trade gap that is in favour of Beijing.

China Telcoms giant Huawei to set up shop in Kenya -The Standard (KEN)
Chinese telecoms services provider, Huawei, plans to start retailing its products in Kenya in the coming months. The firm has begun recruiting distributors for its products, and plans to have its products in shelves by end of year.

Major promises in Premier’s speech -IPP Media (TZN)
Prime Minister Mizengo over the weekend tabled his budget but the major promise that appeared to capture the attention of the public is the purchase of the six new locomotive engines for Tanzania Zambia Railway Authority ( Tazara). According to Premier Pinda, the governments of Tanzania and Zambia have managed to secure a concession loan from the Chinese government amounting to Sh 59 billion.

Should the world follow US or China? -Business Report (ZAF)
About two weeks ago, BP launched its Statistical Review of World Energy, a rich seam of energy industry stats that journalists, analysts and academics will mine for nuggets of data. The Financial Times led with “China becomes leading user of energy” – hardly a revelation to even the casual industry observer, though pleasing to those in the US who point to the rise of the Middle Kingdom as a reason to forestall domestic action on climate change.

China, Africa Union vow to advance ties -FOCAC (CHN)
Visiting Chinese Vice Foreign Minister Zhai Jun and African Union (AU) Commission Chairperson Jean Ping affirmed here Saturday that the two sides will expand and deepen cooperation.

Another Look at China’s Trade Investment in the Country -Daily Independence (NGA)
Recent statement credited to the Permanent Secretary in the Federal Ministry of Agriculture and Rural Development, Fatima Bamidele, that Chinese trade investments in the country had hit $7.3 billion, has elicited mixed reactions.

Strengthening cooperation in trade -Jornal de Angola (AGO)
Cape Verde and the Republic of China signed new cooperation agreements amounting to 11 million euros during the visit of aChinese delegation headed by Vice Commerce Minister Jiang Yaoping

Community wants to follow China’s example -Jornal de Angola (AGO)
The Economic Community of West African States (ECOWAS)will study the possibility of inspiration in the integrateddevelopment initiative that transformed China into an economic giant in the interest of the citizens of this region, said onTuesday in Beijing, the president of the community regional organization, James Victor Gbeho.

Ghana blames Chinese companies for dumping fake anti-malaria drugs -Africa Review (KEN)
Some Chinese companies are being blamed for importing fake anti-malaria drugs into Ghana, a country where China has so far enjoyed a very good name for its massive economic investment.

Scholar: China’s Assistance to Africa is Sincere and Free of Political Strings -FOCAC (CHN)
In a recent interview with a local media in Lusaka, capital of Zambia, when asked about China’s rising influence in Africa, Hillary Clinton, Secretary of State of the United States, claimed that when China invests in and provides aid to Africa, the interests of the African people are not always in its mind. It is obvious that such a gratuitous accusation is ill-founded.

If China really helped Africa -Slate Afrique (FRA)  
In 2009, China became the largest trading partner in Africa. Should Africa be afraid of Chinese power? Does it fear a new form of colonization? Here are five reasons to believe in a new partnership.


Comments are closed.