Weekly news

30/05/2011 to 04/06/2011

Chinese, local firms to explore energy-sector opportunities this month -Engineering News (ZAF)
03/06/2011
Two high-level free briefing sessions exploring business opportunities between Chinese and African companies in the energy sector will take place at Energex Africa, on June 7 and 8, at Gallagher Convention Centre, in Midrand.

Alleged brothel owners to go on trial -News24 (ZAF)
02/06/2011
Two Chinese women charged with human trafficking and keeping a brothel, will go on trial next week in the Parow Regional Court.

Chinese dad to be deported -News24 (ZAF)
02/06/2011
A Chinese man who tried to fight deportation to save his unborn child has lost his case in the South Gauteng High Court and will be sent home on Friday, The New Age reported on Thursday.

Africa Magazine: North Africa Turmoil Won’t Stop Chinese Enterprises -FOCAC (CHN)
02/06/2011
While some African countries are in ceaseless grip of turmoil, can Chinese entrepreneurs still go do business in Africa? Where they should go and not to go at the moment? What issues should they pay attention to under the current circumstances? Liu Guijin, special envoy of Chinese Government on African Affairs, shares his thoughts on the above queries.

South Africa, China agree to dealing with crime syndicates between two countries -FOCAC (CHN)
02/06/2011
The South African government on Monday reached an agreement with China to ensure that the two countries will not be “hide outs” for criminals.

Tazara receives 90 new wagons -IPP Media (TZN)
02/06/2011
The Tanzania Zambia Railway Authority (Tazara) has received 90 new wagons, worth USD 5 million, from China, as part of implementation of a bilateral protocol the Asian country signed with Tanzania two years ago.

MDC-T cave in on controversial defence college -SW Radio Africa (ZWE)
02/06/2011
Parliament on Tuesday ratified a US$98 million loan from China to build a controversial Defence College on the outskirts of Harare. The upper and lower houses of parliament were hastily convened to rubber-stamp the agreement signed between the government and the Export-Import Bank of China.

China calls on Armed Movements in Darfur to join Darfur Peace Document f Doha -Sudan News Agency (SUD)
01/06/2011
The Chinese Special Envoy for Sudan, Liu Giujin, Tuesday called on all the armed movements in Darfur to join the Doha Peace Document, which was endorsed by All Darfur Stakeholders Conference in Doha, affirming support of his country to the efforts being exerted to achieve lasting peace in Dafur

China to expand investment in South Sudan after independence -Sudan Tribune (SUD)
01/06/2011
The Peoples Republic of China – the world’s emerging second largest economy – has expressed its readiness to invest in South Sudan after its declaration of independence in July.

China tightens links with ‘rich’ Africa to feed her thriving economy -Business Daily (KEN)
01/06/2011
There are some key forces both pushing and pulling China into Africa. First, China now has the world’s largest amount of foreign reserves, reaching $3 trillion, more than twice that of Japan and far larger than most other countries.

Ethio-China relation stands on mutual benefit: China’s Africa Representative -Walta Info (ETH)
31/05/2011
Special representative of China’s government to African Affairs, Ambassador Liu Guijin, said that the bilateral relations between Ethiopia and China are on the basis of securing mutual benefits.

Government will make railways a viable travelling option -Ghana Web (GHA)
31/05/2011
The government will build more railways and improv= e on major roads to provide viable options to the Ghanaian travelling public. Vice President Mahama said this when a Chinese delegation from the Industrial and Commercial Bank of China called on him at the Castle, Osu.

When you want fish, you go fishing. -The Standard (KEN)
31/05/2011
These Chinese young men did exactly that. With message of drug disabuse, they opt to meet their target youth at the ‘fishing pond’ – this hawking site on Nakuru-Naivasha highway – where most addicts spend their time hawking roast maize.

Standard Chartered opens onshore chinese acct for Portland Steel -The Vanguard (NGA)
31/05/2011
Standard Chartered, the international bank with a unique footprint across Africa, Asia and the Middle East, has opened their first onshore ‘RMB’ (Renminbi) trading account in Africa for leading South African metals trader, Portland Steel.

Builders of Nigeria’s second satellite must transfer technology – Gwandu -The Vanguard (NGA)
31/05/2011
Gwandu said that most of the companies signifying interest unfortunately have business models that do not support technology transfer and the Chinese companies are still top on the list to clinching the contract, having shown tremendous interest in technology  transfer.

Jonathan moves to review foreign investment policies -The Vanguard (NGA)
31/05/2011
In the area of rail transportation, Jonathan specifically assured the Chinese government of further collaboration to ensure that the rail system became fully operational, so as to ease  the free and easy movement of goods and people across the country.

Police arrest copper thieves -Lusaka Times (ZAM)
31/05/2011
Police in Chingola District on the Copperbelt have arrested three. Chinese Nationals for being in possession of suspected Copper ore worth over 232 million kwacha.

SA, Chinese police hold talks -News24 (ZAF)
30/05/2011
Criminals thinking about committing crime in South Africa and then escaping to China have been warned that they will not be successful, the police ministry said on Monday.

China’s ICBC to lend Zambia $285m for power line – Engineering News (ZAF)
30/05/2011
China’s largest lender Industrial and Commercial Bank (ICBC) will loan Zambia $285-million for an electricity line linking southern and eastern Africa, Zambia’s state-run power utility said on Monday.

Chinese Land at Financial Support -Tanzania Daily News (TZN)
30/05/2011
The Chinese business community in the country on Monday dished out 5m/- to support the East and Central Africa Senior Athletics championship set to start on Friday at the National Stadium in Dar es Salaam.

Chinese top legislator Wu Bangguo addresses S. Africa businesses -FOCAC (CHN)
30/05/2011
Chinese top legislator Wu Bang-guo has addressed Chinese and South African business communities during his visit to South Africa.

Interview: South Africa, China see strengthened ties -FOCAC (CHN)
30/05/2011
South Africa and China have strengthened bilateral ties not only at the state-to- state level, but the parliamentary level, a senior researcher from the Cape Town office of Human Sciences Research Council (HSRC) told Xinhua in an exclusive interview.

Sino-African fund set to swell in five years -FOCAC (CHN)
30/05/2011
The China-Africa Development (CAD) fund, the country’s biggest equity fund targeting African investments, is set to expand to $5 billion in the coming five years, said Chi Jianxin, president of the fund.

ZESCO and ICB sign deal -Lusaka Times (ZAM)
30/05/2011
ZESCO and the International Commercial Bank of China have signed a facility loan agreement worthy over 1 point 3 trillion Kwacha for construction of a new 3 hundred and 30 KV power line in Northern and Eastern Provinces.

China bails out Harare City Council -The Financial Gazette (ZWE)
30/05/2011
The Harare City Council has signed a US$144 million deal with a Chinese financial institution for use in water and sewage reticulation, waste management and upgrading of the city’s information and communication technology (ICT), among other things.

President Hails China’s Military -The Herald (ZWE)
30/05/2011
President Mugabe yesterday met the visiting Chinese member of the Senior Military Commission Chief Air Marshal Xu Qiliang at State House in Harare.

China Pledges to Rally Behind Nation’s Diamonds -The Herald (ZWE)
29/05/2011
China has promised to support Zimbabwe to ensure that the country’s diamonds are sold without any conditions attached to them.

The Tiger and the Dragon in a hot race to woo Africa -The East African (KEN)
29/05/2011
East African nations have become the latest beneficiaries of the battle heating up between India and China for control of Africa’s economic landscape.

China-SA partnership to address SA poverty -Business Day (ZAF)
29/05/2011
The Comprehensive Strategy Partnership (CSP) between South Africa and China could positively address poverty and unemployment in the country, the department of trade and industry (DTI) said on Saturday.

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