Weekly news

27/10/2012 to 02/11/2012

Top Stories:                                                                                                          

 Zanu-PF Visits China to Observe Elections – SW Radio Africa (GBR)

Interesting concept. Mugabe’s party have been off to China to learn from how the Chinese communist party conducts its congress. ZANU PF official Amos Midzi said the team’s visit to China was an eye-opener. One of the lessons they brought back was that indiscipline within the party must be punished!

 U.S. 2012 – Where On the Election Map Is Africa? – Daily Maverick (ZAF)

Article looking at the implications for Africa of the US elections. Security concerns trump all for US foreign policy. While China has been trading the US has not. 

 African countries now making more demands on Chinese investors – Creamer Media’s Mining Weekly (ZAF)

This article says that African governments are increasingly looking for greater benefits from their dealings with Chinese resource companies seeking value added production, which will create jobs, advance technology and leave something behind for the African people.

 EAC, China Hold Talks On Trade, Infrastructure – The New Times

East Africa has a strong relationship with China. As the region develops as a source of oil and gas this relationship is only likely to grow closer.

 China grants Angola a discount  – Times Live (ZAF)

Angola’s bargaining power with China is evidence here as Chinese increase tariff discount on Angolan goods from 65% to 95%. While this means little for oil exports it may help stimulate exports in other sectors like agriculture. An agricultural training centre is also to be built as part of the deal. 

 China to Build West African Coastal Highway? – China in Africa : The Real Story

Plans afoot to build a 2000km road through nine West African states, providing a continuous coastal road from Nouakchott to Lagos. Getting the funding together will be a challenge, but if the project was completed it would provide much needed infrastructure links between the countries, never built by colonials interested in links taking resources from the interior to the coast.

Politics                                                                                                                 

U.S. 2012 – Where On the Election Map Is Africa? – Daily Maverick (ZAF)
02/11/2012
No matter who wins the presidency in next week’s American elections, renewal of the African Growth and Opportunity Act in 2015 is likely to be centrepiece of the continent’s relationship with the US.

Africa 3.0 is here – Mail & Guardian (ZAF) 
02/11/2012
Our starting proposition is now an acknowledged fact: during the first decade of the 21st century, while the West was engaged in wars in Iraq and Afghanistan, China was executing its plans for African expansion.

China and Africa: A Century of Engagement – Foreign Affairs (By David H. Shinn)
02/11/2012
The increased Chinese attention to Africa has been one of the region’s big stories during the last decade, not least because it seemed to come just as the West was losing interest in the continent.

Is China a threat to world peace? – Awoko (CHN)
01/11/2012
The most burning question of our time is, as it stands, is the Peoples Republic of China a force for the good in the modern world or is it, simply put, a disruptive power?

Botswana, China launch consultative forum – Mmegi Online
30/10/2012
The governments of Botswana and China yesterday launched a Joint Consultative Forum to monitor the implementation of bilateral programmes between the two countries.

US Election: Africa Forgotten In Foreign Policy Debate – OpEd – Eurasia Review (CHN)
29/10/2012
I had watched both televised presidential campaign debates in the US election, including the first vice-presidential debate. So I was very excited to watch the final presidential debate on foreign policy. But I have to admit that this final debate disappointed me because it was more about domestic politics than foreign policy.

Zanu-PF Visits China to Observe Elections – SW Radio Africa (GBR)
29/10/2012
Over the weekend ZANU PF said a team of its top officials had returned from China where they had observed how the ‘Chinese Communist Party goes about winning its elections.

Is China good or bad for Africa – CNN (USA)
29/10/2012
China’s growing presence in Africa is one of the  region’s biggest stories, but even seasoned analysts cannot decide whether this booming relationship is good or bad for Africa.

China’s long-term vision helps shake off bad image in Africa – People’s Daily Online (CHN)
29/10/2012
Businesses constantly reinvent their strategies to beat the competition. They are always on the lookout for opportunities, and work tirelessly to meet their goal – wealth creation.

‘We didn’t go to Somalia for business’ – Daily Monitor (UGA)
28/10/2012
1.What achievements have we registered as a country in the foreign missions?

Finance and Banking                                                                                           

Parliament approves loans worth $1.34b on last day – Ghana Business News (GHN)
01/11/2012
Parliament on Wednesday night recessed after eight days of sitting to enable members prepare for the December polls with the approval of an unequalled loan agreement totalling 1.34 billion dollars in a day’s sitting.

Letter from China-  Renminbi not ready to be a global reserve currency yet -Business Day Live (ZAF)
31/10/2012
The growing prominence of China’s economy and its scale of trade with the rest of the world have propelled the yuan into dramatic strides as a currency  of reference in East Asia.

South Africa Prepared To Host BRICS Bank Headquarters – Minister – Ventures
30/10/2012
Africa’s largest economy and BRICS member, South Africa, has expressed the desire to host the planned development bank to be built by the BRICS group of emerging economy.

Crony Capitalism and Economic Development, the new hiding place for African dictators- In Depth Africa
29/10/2012
The West may have won the Cold War but, lost the battle for democracy and the free market on its own making; competing with authoritarian regime of China on economic development and praising small time tyrants as champions of development says it all.

China gives Niger 25.6 mln US Dollars for hospital construction – FOCAC (CHN)
29/10/2012
China and Niger have signed two aid agreements of 25.6 million U.S. dollars for the construction of a national referral hospital in Niamey and the purchase of 30 vehicles valued at 1.9 million dollars.

Republic of Congo to borrow over 1.1 bln US Dollars from China – FOCAC (CHN)
29/10/2012
The Republic of Congo will borrow over 1.1 billion U.S. dollars from China to support her 2013 state budget, the country’s Finance Minister Gilbert Ondongo said in a statement published on Friday by a weekly publication, La Semaine Africaine (The African Week).

Lessons From India And China – This Day (NGA)
27/10/2012
Fellow Nigerians, there are two countries Nigeria must seek to emulate if we ever plan to move forward from our permanent state of inertia. Those countries, India and China share several things in common with us.

Manufacturing                                                                                                      

Chamber tells Chinese to invest in Ghana’s industrial sector – Ghana Business News (GHN)
26/10/2012
Dr Seth Adjei-Baah, President of the Ghana Chamber of Commerce and Industry (GCCI) has called on Chinese entrepreneurs to invest in Ghana’s industrial sector and contribute to its socio-economic development.

Mining and Metals                                                                                                

South Africa Purchasing Manager’s Index drops for third month as mine unrest persists – Bloomberg (GBR)
01/11/2012
South Africa’s purchasing managers’ index  fell for a third month in October, indicating a slump in manufacturing, as mining strikes persisted and demand from Europe  and China waned, Kagiso Tiso Holdings said.

Chinese deals drive Zimbabwean mines – The Financial Gazette (ZWE) 
31/10/2012
The Asian giant appears to be gunning for control of large amounts of mineral reserves

West African ore appeals to some – The Australian (AUS)
31/10/2012
As Roger Bade of London brokers  Whitman Howard puts it, BHP Billiton (BHP) chief Marius Kloppers was “slagging off the potential” of West Africa during the week.

China’s play for African gold: At what cost? – CNN Money (USA)
31/10/2012
China’s emergence as a major player in Africa is fueling an intense debate over the nature and motive of its involvement. China National Gold’s bid for Tanzania’s largest gold mine adds kindling to this fire.

Barrick downgrades 2012 output – Mining Review (ZAF)
29/10/2012
Miner African Barrick Gold plc has downgraded its 2012 production forecast and reported soaring production costs, hurting quarterly profit, as suitor China National Gold Group Corporation (CNGGC) continues its due diligence on the company.

Oil and Energy                                                                                                     

China in Africa: The battle for resources – Interactive Investor (GBR)
31/10/2012
Against a backdrop of Chinese acrobatic troupes and the piercing wail of the Peking opera, it was on a cold November morning in 2006 that the China-Africa summit, or the Forum on China-Africa Cooperation (FOCAC) as it was formally known, signalled the public arrival of China in Africa.

Trade                                                                                                                    

African countries now making more demands on Chinese investors – Creamer Media’s Mining Weekly (ZAF)
02/11/2012
African countries are beginning to demand more from Chinese investors, says international law firm Norton Rose banking and finance partner Milton Osborn

East Africa: EAC, China Hold Talks On Trade, Infrastructure – The New Times
02/11/2012
A 30-member business delegation led by a Deputy Director General in China’s Ministry of Commerce, Cao Jiachang, on Wednesday held discussions on the promotion of trade, investment and infrastructure development with East African Community.

China grants Angola a discount  – Times Live (ZAF)
02/11/2012
Previously Angola exports entered China with a 65 percent discount from normal tariff rates.

Chinese trade delegation explores investment opportunities in East Africa – 
African Manager
01/11/2012
Chinese and the East African Community (EAC) delegations meeting  in Arusha, northern Tanzania, have agreed to promote trade, investment and infrastructure growth, EAC officials said Wednesday.

Chinese work culture putting it at odds with local employees – People’s Daily Online (CHN)
29/10/2012
China, the world’s second largest economy, has become Africa’s largest trading partner. But it’s a reality that many are increasingly wary of Chinese investment in the continent.

Ghana-China Investment Fair Opens – Daily Guide (GHN)
29/10/2012
A four day trade and investment fair aimed at promoting trade between Ghanaian businesses and their Chinese counterparts yesterday opened at the Ghana International Trade Fair Centre in Accra.

Transport and Infrastructure                                                                                 

Construction of Modern Trade Logistic Centre Starts Next Year – Tanzania Daily News (TZA)
02/11/2012
The government will any time from now start paying compensation of over 60billion/- to Kurasini residents to give way for construction of China-Tanzania Logistic Centre scheduled to start early next year.

China to build new Malawi stadium – BBC (GBR)
31/10/2012
This follows the government’s decision to become the latest footprint of China’s so-called stadium diplomacy.

Imtech’s Exclusive 10 Years Cooperation Agreement with Airbus – Creamer’s Engineering News 
29/10/2012
Imtech Marine has announced an exclusive 10 years cooperation agreement with aircraft manufacturer Airbus for the implementation of new drying technology in Airbus’ drying halls worldwide.

China, ECOWAS Sign Agreement On Infrastructural Development – African Globe
29/10/2012
In continuance of strategic far East investments in Africa, China signed an agreement on infrastructural development and economic cooperation with the Economic Community of West African States (ECOWAS) on Thursday in Abuja, Nigeria.

China to Build West African Coastal Highway? – China in Africa : The Real Story
28/10/2012
In the mid-1980s, I traveled with a friend by bush plane, bush taxi, canoes, and by foot along the coast of Liberia from Monrovia to Abidjan in Cote d’Ivoire. Anyone going along that same route today would probably have to use the same means: there is no continuous coastal road around the bulge of West Africa. In many places (see map) there is no road at all, and one walks, and fords the brown rivers by ferry or canoe.

Defence                                                                                                                

The CIA in Africa and Somalia: A Strategic Analysis – In Depth Africa 
31/10/2012
In the last decade, the United States Central Intelligence Agency has greatly expanded its core political and military operations in a number of African countries.

Media                                                                                                                   

Nosedive: Chinese shopkeeper cover story a new low for South African journalism – Daily Maverick (ZAF)
30/10/2012
It starts with the headline “Howzit China?” From here, you know what you’re in for is journalism at its most banal, vile and vacant.

Trailer: When China Met Africa, documentary from the front lines of China’s foray into Africa – Shangaiist (CHN)
30/10/2012
When China met Africa is a documentary focusing on three characters at the forefront of the Sino-African relationship

Society                                                                                                                 

Scenic town becomes home for foreigners – China Daily (CHN)
31/10/2012
Although they are far from their hometowns, several foreigners living in southern Chinese city of Guilin have found themselves a new home in the quaint tourist town of Yangshuo.

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