Weekly news

26/10/2009 to 01/11/2009

All last week’s China Africa developments below:

* Egypt hosts next China-Africa Summit- Africa News (NED)
Chinese officials are gearing up for the second China-Africa Summit scheduled for Egypt next week. Chinese Premier, Wen Jiabao, is expected to arrive in the Egyptian capital of Cairo later this week, ahead of the commencement of the Summit between Chinese officials and African heads of states and governments. Full Story.

* Oil drilling excites Kenya- Africa News (NED)
Excitement is sweeping through eastern African country of Kenya following news that it may after all strike oil after many failed attempts in the past four years to join the league of Africa’s producers of the black gold. Full Story.

* China and Africa take stock before big meet- Business Day (ZAF)
Trade between China and Africa has boomed since a bullish summit three years ago, but some promising investment and development projects have hit snags and delays.Full Story.

* Deals with China will hurt Kenya, warn researchers- Business Daily (KEN)
The increasing investment, foreign aid and diplomatic ties with China will hurt Kenya in the long run because of limited joint ownership or local capital in Chinese investments, researchers have said in a survey to be released on Tuesday ahead of next week’s major meeting between Chinese government officials and African leaders in Egypt. Full Story.

* Africa gives China more than business- Business Report (ZAF)
Barely a month goes by without some new energy or mineral deal being struck between China and an African nation. These deals have transfixed the West, but China gets far more from the relationship than raw resources. Full Story.

* South Africa: Chinese Delegation to Visit Parliament- All Africa (USA)
A Chinese delegation is set to visit Parliament to strengthen ties between the two nations today. Full Story.

* Nigeria: China Remains Nation’s Biggest Trading Partner Out – Udenwa- All Africa (USA)
Considering the fact China remains Nigeria’s biggest trading partner, the Federal Government has urged the organised private sector to ensure that Chinese investors and importers employ best practices in their business transactions. Full Story.

* Trade between China and Portuguese-speaking countries falls 31.64 percent in first eight months of 2009- Club de Mozambique (MOZ)
Trade between China and Portuguese-speaking countries fell 31.64 percent between January and August of 2009 to US$36.49 billion against the first eight months of 2008, according to official figures published in Macau. Full Story.

* CNOOC $50bn offer for Nigeria’s oil: Trappings of a scam- Vanguard (NGA)
Indications are that that the recent Chinese National Offshore Oil Company (CNOOC) offer of $50 billion for acquisition of six billion barrels of proven crude oil reserves in Nigeria’s onshore and deep offshore portfolios holds all the trappings of an unfolding scam. Full Story.

* Why Africa welcomes the Chinese- Guardian (GBR)
There is a debate among geopolitical and economic commentators about the merits of Chinese versus western involvement with Africa. Full Story.

* China committed to support Ethiopia’s agriculture sector: Ambassador Xiaojie- Walta Information (ETH)
Chinese Ambassador to Ethiopia, GU Xiaojie, said his country is committed to support Ethiopia’s agriculture sector with modern technology.

Full Story.

* China in Africa- Vanguard (NGA)
In 1890, the French statesman Jules Francois Camille Ferry wrote, “an irresistible movement is bearing the great nations of Europe towards the conquest of fresh territories. Full Story.

* Shell Vows to Fight off Chinese over Nigeria’s Oil- This Day (NGA)
Royal Dutch Shell Plc has said that it will fight any possible efforts by the Federal Government to hand over the control of its Nigerian oil fields to Chinese oil companies.Full Story.

* China Invests $6bn in Nigeria- This Day (NGA)
National President, Association of Nigerian Traders (NANTS), Mr. Ken Ukaoha, yesterday in Abuja, said Foreign Direct Investment (FDI) from China to Nigeria has doubled from $3 billion in 2003, to $6billion, with the share in oil and gas sector taking the lion share of 75 per cent. Full Story.

* Titanium project thrown into a spin as Chinese firm withdraws buy offer- Standard (KEN)
The controversial titanium mining project in Kwale has been hit by a new wave of confusion after a Chinese company opted out of an agreement to take control of the project from a Canadian company. Full Story.

* Cash and carry- Economist (GBR)
Unaccustomed to operating far from its own shores, China’s navy is even less used to actual fighting. Full Story.

* Financial crisis fails to dampen China’s growing interest in Africa- Business Daily (KEN)
The global financial crisis has failed to dampen Chinese investment in Africa, a leading state-run newspaper said on Wednesday. Full Story.

* Chinese explorers upbeat as drilling of oil well begins- Business Daily (KEN)
China on Wednesday started drilling a well at Boghal, near Isiolo town — a region geologists believe contains hydrocarbons, the main components of fossil fuels, which include petroleum, coal and natural gas. Full Story.

* FG to establish aircraft maintenance centre- Vanguard (NGA)
Maj-Gen. Godwin Abbe, the Minister of Defence, said the Federal Government planned to establish an aircraft maintenance centre. Abbe made the disclosure when the Chinese Military Attachéé, Snr Col. Kang Honglin, paid him a courtesy visit in Abuja on Tuesday. Full Story.

* Zambian President commends China for generosity, brotherhood in past 45 year- China View (CHN)
Zambian President Rupiah Banda commends China’s generosity and brotherhood in helping Zambia develop the nation in the past 45 years since the two nations established diplomatic ties. Full Story.

* 4th China fleet to sail for anti-piracy mission- China View (CHN)
A Chinese navy flotilla will depart from the Zhoushan Islands on Friday to escort merchant vessels and protect them from pirate attacks in the Gulf of Aden, a spokesman with China’s People’s Liberation Army Navy (PLAN) said Thursday. Full Story.

* 800 communities to benefit from rural electrification programme- Ghana Web (GHN)
Government has committed $170 million to provide electricity to 800 communities, under the Rural Electrification Programme. Full Story.

* Chinese school opened in Lusaka- Lusaka Times (ZAM)
Government says education is the best tool to fight and eradicate poverty in the country. And Government acknowledges that culture exchange programmes between countries can help to improve and accelerate national development. Full Story.

* Kenyan FM says China-Africa co-op conducive to African economies – China View (CHN)
Kenyan Foreign Minister Moses Wetengula has said that China’s cooperation with Africa is conducive to the economic development of African countries. Full Story.

* Kaunda affirms China’s contribution to Africa – China View (CHN)
Zambia’s former president Kenneth Kaunda affirms China’s contribution to the development of Africa in defense of the increasing friendship and cooperation of the two sides. Full Story.

* 4th ministerial meeting of Forum on China-African Cooperation to be held in Egypt – China View (CHN)
The fourth ministerial meeting of the Forum on China-Africa Cooperation will be held in the Egyptian resort of Sharm el-Sheikh from Nov. 8 to 9. Full Story.

* China, Nigeria sign agreements on Abuja-Kaduna railway – Xinhua (CHN)
China Civil Engineering Construction Corporation (CCECC) and the Nigerian Ministry of Transport signed Monday agreements in the Hilton Hotel in Abuja, the capital of Nigeria, on building a 186.5 km modernized railway. Full Story.

* China vows to strengthen anti-corruption cooperation with developing nations – China View (CHN)
25/10/2009China is ready to enhance anti-corruption cooperation with countries around the world, especially the developing countries, State Councilor and Secretary-General of the State Council Ma Kai said Sunday. Full Story.

Comments are closed.