The first index-priced term deal to supply South African coal to China has been done by an international company active in physical coal trade and for around 2 million tonnes a year, sources close to the seller said.
China firms outmuscling Kenyan ones on road projects -Reuters
Kenya’s prime minister on Tuesday challenged Kenyan road construction firms to improve their standards and take on Chinese companies that have won several tenders in the country’s major road expansion programme.
An analysis of Chinese media support in Africa – The Official Blog of Ambassador David H. Shinn
As part of China’s expansion into significant acquisitions of oil and minerals in Africa and Latin America and its search for business acumen, technology and markets in Southeast Asia, China has made media influence a high priority.
China seen as crucial market for SA tourism -Business Day (ZAF)
China has been identified as a crucial tourism market, with Tourism Minister Marthinus van Schalkwyk saying several initiatives are under way to unlock its potential as a key market.
Court grants Chinese bail in shooting case -Daily Nation (KEN)
A Zambian court yesterday freed on bail two Chinese managers accused of shooting miners in the southern part of the country last month.
Rwandans in China ready for August elections-envoy -New Times (RWA)
Rwandans living in China are set to participate in the forthcoming presidential elections in August, after registering for the exercise, a Rwandan top diplomat has said.
Kagame receives Chinese minister -New Times (RWA)
China’s deputy Foreign Minister in charge of African affairs, Zhai Jun, yesterday paid a courtesy call on President Paul Kagame yesterday at Urugwiro Village.
They discussed issues of bilateral interests between the two countries.
Chinese envoy wishes Tanzania continuous political stability -IPP Media (TNZ)
The Chinese ambassador Liu Xinsheng on Sunday extended his sincere wishes to Tanzania to continue enjoy political stability and social peace after the General Election.
Bid for Ghana Oil Field Rebuffed -Ghana Web (GHA)
Ghana’s state-owned oil company and China’s Cnooc Ltd. made an unsuccessful joint bid of $5 billion for a U.S. company’s stake in one of Africa’s most promising oil regions, an official of the Ghanaian company said Monday.
U.S.$200,000 for Institutional Strengthening of NDMA -Daily Observer (GMB)
Richard Shih, the Taiwanese ambassador to The Gambia, Monday gave out a cheque for the sum of US$200,000 on behalf of the government of the Republic of China on Taiwan (ROC) to the National Disaster Management Agency (NDMA) at a presentation ceremony held at the Office of the Vice President at State House in Banjul.
Leather factory will become latest Chinese investment in Ethiopia -Walta Information (ETH)
China’s Xinxiang Kuroda Mingliang Leather Co. will open a 67 million USD leather factory in Ethiopia on November 24, adding to the billions of dollars already invested in the East African country by China.
Can China be a realistic model for SA? -Business Day (ZAF)
The medium-term budget policy statement last week has once again put the question of SA’s economic policy front and centre.
Equity raises its bet on houses -Daily Nation (KEN)
The allure of mortgage financing has hit fever pitch at Equity as the bank mulls over a partnership with Chinese real estate developers. If the deal works out, the bank will have in its basket a critical consignment that it has been craving from its partner, Housing Finance.
China Defends Africa, US Investment Amid Tensions -Associated Press (USA)
China defended its growing global commercial presence as a source of jobs in Africa and the United States amid tension over control of resources and Zambia’s arrest of two Chinese managers who shot miners during a pay dispute.
China’s outbound investment benefits host countries -People’s Daily (CHN)
China’s fast-growing outbound investment has helped consolidate its relations with many countries despite criticism saying that Chinese enterprises have affected local jobs and failed to take corporate responsibility, said Chen Jian, Vice Minister of the Ministry of Commerce of China on Nov. 1.
Road between Mozambique’s Xai-Xai and Chissibuca finished by end of year -Club of Mozambique (MOZ)
Work to upgrade and widen the stretch of road linking Xai-Xai in Gaza province to Chissibuca in neighbouring Inhambane will be finished by the end of the year, with the China Henan International Cooperation Group responsible for 95 km.
PM Meles says Africa has no greater foe than poverty -Walta Information (ETH)
Speaking at the opening of Africa-China Poverty Reduction and Development Conference here today, PM Meles said that Africans have no greater foe than poverty.
‘More Chinese Investment Coming Into Nigeria’ -The Guardian (NGA)
Following the rise of China to global economic and political prominence, Sino-Nigerian relations have been on the ascendancy.
China, Lesotho pledge to strengthen bilateral ties -FOCAC (CHN)
Chinese Premier Wen Jiabao and his Lesotho counterpart Pakalitha Mosisili pledged that the two countries would enhance bilateral ties when meeting here on Sunday.
China, Africa Union hold 3rd strategic dialogue in Shanghai -FOCAC (CHN)
China and the Africa Union (AU) Sunday held their third strategic dialogue to boost cooperation in Shanghai.
China: A blessing or Africa’s curse? -Daily Monitor (UGA)
From Mali to Madagascar, Kenya to Zambia, Niger to Uganda, Chinese investors and labourers have infiltrated the continent. In some of the countries, their actions have been lauded but in others loathed
European countries lose prize to China in race for stakes in Africa -Daily Nation (KEN)
Europe is concerned that China is gaining an upper hand in a continent it once considered as its sphere of influence, having carved it into smaller units at a conference in Berlin in 1885 during the Scramble for Africa. At that time, it did not matter that the units that were being brought together and given names such as Nigeria, Kenya or Egypt had very little in common. Fast forward to 2010 and the European states are watching helplessly as their prize catch slips away
Why West is no more centre of the universe -Daily Nation (KEN)
Back in the sixties, seventies and early eighties all focus was on the West from movies, technology music to development until a new global order came knocking
Seminar to explore SA, China trade prospects -Engineering News (ZAF)
The seminar will reflect on the fact that China is a notable competitor, with its ability to manufacture in large volumes at low cost. Kobus van der Wath, of The Beijing Axis (TBA), says that businesses are increasingly realising that the potential for trade is more an opportunity than a threat.
Culture, Common Interests and Win-win Outcome -FOCAC (CHN)
Zhang Chunlai, board chairman of Tangshan Shuguang Group of China, wasgiven the mission to invest andbuild a factory in Madagascar in 2007, braving a critical situation,when he began developing his African ties. His working experiences in the past few years in Africa has provided him with a lot of inspirations, which he shared without reservation when taking an interview with this journalist in the hope that other Chinese private entrepreneurs could learn and benefit from them before going to Africa.
Guinea sees China as “most preferred partner ” -FOCAC (CHN)
China is an “extremely special partner,” Guinea’s Foreign Minister Bakary Fofana told Xinhua in an interview on Tuesday.
Work permits of three chinese withdrawn -Club of Mozambique (MOZ)
The Mozambican Labour Ministry has withdrawn the work permits of three Chinese citizens. All three were accused of brutal assaults against Mozambican workers.
Collum Coal Mine Rife With Problems Before Shooting -Caixin (CHN)
Withheld wages and severely poor working conditions were a frequent source of conflict between workers and mine managers.
USD16.4m deal inked to improve Tazara services -IPP Media (TZN)
The Tanzania Zambia Railway Authority (Tazara) has signed a contract with the Chinese Civil Engineering and Construction Company (CCECC) for the manufacture and supply of six mainline locomotives and spare parts, worth USD 16.4 million.
A Win-Win Forum -Beijing Review (CHN)
A decade later, the FOCAC has generated tangible benefits for both China and Africa.
CNOOC beats Exxon bid for African oil -Global Times (CHN)
China National Offshore Oil Corporation Ltd (CNOOC Ltd) and Ghana National Petroleum Corp together outbid Exxon Mobil for oil assets in the west African nation of Ghana, reports said Wednesday.
Ghana in need of $16bn -Ghana Web (GHA)
Reliable estimates available to government reveals that the country needs to be
investing about US$1.6 billion per annum in order to deal with the
infrastructural inadequacies and to bring it into prosperity.
Sudan dismisses reports on Chinese military equipments in Darfur -Sudan Tribune (SUD)
The Sudanese minister of interior has dismissed as “baseless” reports on the existence of Chinese-made arms and ammunitions in Darfur, saying that such reports were part of a Western political plot to force China to halt cooperation with his country.
Diplomat hails Chinese aid -Global Times (CHN)
This year marks the 10th anniversary of the establishment of the Forum on China-Africa Cooperation, as well as the 60th anniversary of Chinese foreign aid to the continent. “Neocolonialism” accusations by the West aside, China has continuously expanded its investment and aid in Africa.
Aid, Trade & Some Indignation -China Talking Point
Ten years after the Forum on China-Africa Cooperation summit that marked Beijing’s renewed enthusiasm for African engagement, the surge of Chinese investment, migration and influence across the continent is unmistakable. Like the West, the Chinese are pouring billions of dollars into Africa. However, that money is largely going to support an aggressive agenda to acquire natural resources with complex cash and infrastructure deals.
Congo defends $6 bln China deal, awaits funds – Business Report (ZAF)
The Democratic Republic of Congo and China have defended a $6 billion deal for copper mining and infrastructure projects which some say could leave the poor central African nation out of pocket.