Weekly news

29/06/2009 to 05/07/2009

Last weeks China Africa developments: 

* Confucius Institute unveiled in Kigali- Rwandan Times (RWA)
The Confucius Institute, a Chinese teaching institute was unveiled at Kigali Institute of Education last week. Full Story.

* War on counterfeits stepped up with launch of new agency- Busines Daily (KEN)
An anti-counterfeits agency will be set up to inspect businesses and prosecute offenders in the latest attempt to rid the country of fake products that have been blamed for huge losses in the manufacturing sector. Full Story.

* FirstBank secures approval to operate in China- Vanguard (NGA)
First Bank of Nigeria Plc has secured the approval of the China Banking Regulatory Commission (CBRC) to open a Representative Office in Beijing, China. Full Story.

* New masters hold key to pace of Africa’s recovery- Financial Times (GBR)

A new aphorism has emerged in Addis Ababa to describe Africa’s rapidly shifting relations with the outside world. Washington, so it goes, is in charge of corralling the western donors. Europe provides the money. The Chinese walk off with all the business. 
Full Story.

* Spreading its bets, and its gold- Economist (GBR)
China has had friendly ties with Robert Mugabe, Zimbabwe’s president, since his days as a Maoist guerrilla leader fighting white rule in the 1970s. Full Story.

* New Chinese partners for $750m Mauritius project- Engineering News (ZAF)

Two new investors have joined a $750-million Chinese trade development zone in Mauritius, the Indian Ocean island’s government said on Wednesday. 
Full Story.

* South Africa’s trading environment and FTA prospects with China- Pambazuka (KEN)
With South Africa exploring the possibility of entering into a free trade agreement (FTA) with China, Ron Sandrey and Hannah Edinger consider the pros and cons. 
Full Story.

* China to further agricultural cooperation with African nations- China Wire (CHN)

China will continue to develop bilateral and multilateral agricultural cooperation with African countries and boost the “South-South cooperation” within the framework of “Special Program for Food Security (SPFS),” Assistant Foreign Minister Zhai Jun said Thursday. 
Full Story.

* China confirms loan talks with Zimbabwe- China Wire (CHN)
A Chinese Foreign Ministry spokesman on Thursday confirmed that a Chinese financial institution was in discussions with Zimbabwe on providing loans. Full Story.

* China banks on Botswana- Business Day (ZAF)
mining companies have acquired 10% of Botswana’s 1101 exploration licences after holding only a handful four years ago, Johannes Tsikamo, chief geologist at the Department of Geological Surveys, said this week. Full Story.

* Ogun signs pact with China- Vanguard (NGA)

State government has signed a Memorandum of Understanding (MoU) with the Zhejiang province of the Peoples Republic of China to promote bicameral economic cooperation and partnership between both states. Full Story.

* Low quality vehicles purchased for the people- Ghana Web (GHN)
The Minister of Transportation, Hon. Mike Hammah has said the kind of due diligence which was followed prior to the purchase of 400 Yaxing buses from China for the Metro Mass Transit (MMT) by the NPP government was flawed. Full Story.

* China ‘agrees huge Zimbabwe loan’- BBC (GBR)
China has agreed to give Zimbabwe a loan of $950m (£573m) to help it revive its battered economy, Prime Minister Morgan Tsvangirai has said. 
Full Story.

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