Weekly news

30/11/2009 to 06/12/2009

All last week’s China Africa developments:

* FG to Borrow $3.048m from World Bank, ADB, IDB- This Day (NGA)
The Federal Government plans to borrow US$3.048.56 million from the International Development Agency (IDA) of the World Bank, African Development Fund (ADF) of the African Development Bank and the Islamic Solidarity Fund (ISF) of the Islamic Development Bank (IDB). Full Story.

* World Bank eyes India as Africa rail partner- FT (GBR)
The World Bank and New Delhi are in talks about financing the international expansion of Indian Railways, one of the largest and most profitable networks in the world, to bring transport infrastructure to African countries and other developing nations. Full Story.

* Standard secures European loans- Business Report (ZAF)

Standard Bank had signed a six-year $100 million (R729m) loan agreement with three European development financiers for infrastructure and project finance lending in Africa, the banking group said yesterday. Full Story.

* China Sets Its Sights on African Research Cooperation- All Africa (USA)
China is continuing to show an interest in developing African research capacity with the announcement of a cooperation programme in science and technology. Full Story.

* Dragon Slayers- Pambazuka News (KEN)
Yoon Park has already written a fascinating study of South Africa’s local-born Chinese community ‘A matter of honour: Being Chinese in South Africa’. But this small group is untypical even of the majority of Chinese in South Africa, let alone of the growing number of Chinese across the continent – whether managers, traders, entrepreneurs or farmers. Full Story.

* Botswana receives aid of $3 mln from China- Xinhua (CHN)
Botswana has received yet another grant of 20 million yuan (3 million US dollars) from China in support of the development of the diamond rich southern African country, the government said on Thursday. Full Story.

* China, Africa to further cooperation in science, technology- Xinhua (CHN)
An electric vehicle is on display during an exhibition showcasing Chinese innovative technologies and products in Cairo, capital of Egypt, on Dec. 3, 2009. Full Story.

* Air Tanzania fires staff ahead of Chinese deal- Business Day (ZAF)
AIR Tanzania, the state-owned carrier, had fired 45% of its staff amid talks over a partnership with China Sonangol International Holding, MD William Haji said yesterday. Full Story.

* China eyes industrial bases in Africa- FT (GBR)

The World Bank and Beijing are in discussions about setting up low-cost factories in new industrial zones in Africa to help the continent develop a manufacturing base and reverse its declining share in global trade. Full Story.

* Discovery makes early move into China- Business Day (ZAF)

DISCOVERY Holdings is the latest South African company to venture into China and it aims to capitalise on a small, private healthcare system there. Full Story.

* Discovery to buy quarter of Chinese medical aid- Business Report (ZAF)
Discovery Holdings wants to enter the Chinese market to expand its international footprint and take advantage of the untapped private medical aid industry in the world’s most populous country. Full Story.

* Chinese Coal Mine employees down tools- Lusaka Times (ZAM)
The Nkanddabwe Chinese Collum Coal Mine (CCM) Workers have gone on strike demanding for improved condition of service and improving safety at the mine in Sinazongwe district in Southern Province. Full Story.

* Namwala cut off from Choma- Lusaka Times (ZAM)

Heavy rains have washed away a temporal bridge across Munyeke River on the Choma-Namwala road, leaving motorists stranded. Full Story.

* Malaysians coming for Lusaka South MFEZ- Lusaka Times (ZAM)

A Malaysian delegation is expected to come to Zambia during the course of this month to initiate the development of the Lusaka South Multi-Facility Economic Zones (MFEZs). Full Story.

* Nigeria ,China to sign agreement to check influx of substandard goods- Vanguard (NGA)
Bothered by the influx of substandard goods from China into the country, the Nigerian Government and its Chinese counterpart are bill to sign an agreement in January which would check the dubious importation of fake and counterfeit goods and products into Nigeria from China. Full Story.

* Lagos requires N105bn to develop LFTZ- Vanguard (NGA)

The Lagos State government has said it requires N105 billion (about $700 million) to develop the Lekki Free Trade Zone (LFTZ) into a world-class business area, just as it said it had paid a total of N785 million as compensation to land owners in the area. Full Story.

* VP Bukenya On China Working Visit – New Vision (UGA)
The Vice-President, Prof. Gilbert Bukenya, is in China for a two-week working visit. He will meet leading industrialists and visit small and medium scale industries and technological innovation centres of relevance to Uganda and East Africa. Full Story.

* Nigerian ambassador: Nigeria-China trade to top Africa in three years- China View (CHN)
Trade between Nigeria and China may top Africa in three years given its quick and steady development, according to Nigerian Ambassador to China Aminu Wali. Full Story.

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