Africa Report speculates that China’s African policy will change little under Xi Jinping meaning the policy of non-interference and the business-driven approach will remain the same.
Mahama’s election win for the NDC is good news for China. The NPP have criticised what they perceive as overly close relations between China and the government (just as the NDC criticised an incumbent NPP party in 2008). An NDC win will ensure that the deals made over the past five years remain on track.
Africa’s imports of Chinese goods are projected to grow from $166bn in 2011 to $200bn in 2012. Meanwhile exports to China are projected to increase by 26% this year.
Interesting article in the Zimbabwean press accusing European countries of hypocrisy in their attempts to get in to Zimbabwe’s diamond industry despite their previous concerns over human rights abuses.
South African political economist Moeletsi Mbeki explains that African leaders need to encourage more investment from China in manufacturing.
China’s long standing support for the Tan-Zam railway continues with a new study investigating the possibilities for re-constructing and re-equipping the line. The railway authority has struggled to achieve anywhere near capacity and has survived on loans from China for years. Perhaps this deeper investment can finally turn it around.
Little change in China-Africa relations likely under Jinping – The Africa Report
This is the question that has generated interests among African pundits ahead of the 2013 inauguration of China’s president-elect, Xi Jinping. But for all the eagerness, the pro-markets, pro-reform tendencies of Jinping can only build on an already thriving Sino-African relation.
China defends cooperation with Africa – FOCAC (CHN)
China defended its cooperation with Africa here on Monday, saying it does not hinder any third party’s cooperation with Africa.
Confidence rises for China-Africa cooperation – China Economic Net (CHN)
After the 18th CPC National Congress, the reporter interviewed people from South Africa’s financial and industry and commerce sectors.
Nigeria Quality Summit: Head-bridge to the Global Market – This Day (NGA)
Nigeria has the largest market in Africa. Though South Africa and Egypt may have bigger economic bases, Nigeria is the key market in the continent
BRICS should strengthen cooperation – FOCAC (CHN)
The countries that form the BRICS group should deepen cooperation to cope with risks brought by global economic uncertainties, according to Chinese Vice Finance Minister Zhu Guangyao Tuesday.
Ghana’s election is a question of prudence vrs continuity – RenCap – Ghana Business News (GHN)
Elections in Ghana tend to arouse less uncertainty than those in most of sub-Saharan Africa, due to its relatively stable political environment and mature democracy.
Research Issues on China-Africa Relations- The Official Blog of Amb. David H. Shinn
I was invited to join a panel on 29 November 2012 at the African Studies Convention in Philadelphia on the problems of doing research on China-Africa relations.
French firms must fight China for stake in Africa– Moscovici – Reuters (GBR)
French companies must go on the offensive and fight the growing influence of rival China for a stake in Africa’s increasingly competitive markets, France’s Finance Minister Pierre Moscovici said on Saturday.
Chinese firms urged to fulfill responsibility in Africa – China Daily (CHN)
A China-Africa conference on Wednesday urged Chinese enterprises with ties to Africa to fulfill their corporate social responsibilities and abide by local laws and regulations.
Whatever Happened to These Chinese Agricultural Investments? – China in Africa:The Real Story
I’m at the 2012 African Studies Association Annual Meetings in Philadelphia, where I’m going to present a work-in-progress on Chinese “land grabs” (or not) in Africa, on Saturday. Leaving aside the importance of the issue for African smallholders and subsistence farmers, it’s a fascinating project for a researcher. It’s also very hard to get good, up-to-date information. This summer I hope to do additional fieldwork on this issue.
Finance and Banking
Demand Chinese Shares – Financial Gazette (ZWE)
Zimbabweans should demand shareholding in all Chinese firms as part of the country’s empowerment law which stipulates that all foreign-owned companies should cede 51 percent of their stakes to locals, the Zimbabwe Economic and Empowerment Council (ZEEC) has said.
Letter from China : Hi-tech sectors targeted as China Inc broadens its investment ambitions – Business Day (ZAF)
Since the early 1990s China has been a leading destination for foreign direct investment (FDI).
Mozambique’s economy sees rates of growth close to those of China – Macauhub (MOZ)
The Mozambican economy continues to “expand at a rapid rate,” bucking the global trend and may soon become one of the most dynamic in the world, even outperforming rates of growth in China, according to Portuguese bank BPI.
China gains market share in Africa- Daily News Online (TZA)
China exports to Africa are expected to surpass 200 billion US Dollars this year, up from 166 billion US Dollars last year.
China seeks larger pie in EAC project financing – The Star (KEN)
China is seeking a higher role in the financing of East African infrastructure projects as the second biggest economy in the world entrenches itself in the continent.
Judge shatters China windscreen claim in his ruling against PG – Business Day (ZAF)
The South Gauteng High Court has ordered PG Group to stop disparaging a competitor that has been gaining market share with imported and cheap Chinese -made windscreens
Company Announcement:Wacker Neuson invests in one of the largest & most modern compact equipment factories in the world – Engineering News (ZAF)
Wacker Neuson, a leading manufacturer of compact construction machines and light equipment, has acquired one of the most modern manufacturing sites for construction equipment in the Upper Austrian town of Hörsching, near Linz. Compact excavators, wheel and crawler-mounted dumpers as well as skid steer loaders have been rolling off the production line since May 2012 and are sold worldwide.
China-Africa Ties Deepen As China Eyes New Markets and Moves Up Value Chain – All Africa
Despite erosion of the cost competitiveness of China’s exports, expectations that China will sell less manufactured goods to Africa have proven misplaced as China’s exports to Africa are likely to have increased to over USD80bn while Sino-African trade is forecast to surpass USD200bn this year, up from USD166bn last year, according to a report co-authored by Standard Bank economists Jeremy Stevens and Simon Freemantle.
Fast-Growing Label: Made in Ghana – Ghana Web (GHN)
When Isaac Osae began his sewing career last year, he stitched tropical-colored sundresses. These days, the 24-year-old factory worker is learning to sew hospital smocks.
Mining and Metals
Hypocrisy of Europe Noted in the “Zimbabwe Diamond Rush” Fever – Zimeye (ZWE)
Based on looming reports, it seems no single country now wants to be left behind in the Zimbabwe diamond rush. The fever has gripped many. Diamonds are in Chiyadzwa.
Mines could create jobs if confidence were higher – Business Day (ZAF)
With more than a quarter of the working-age population unemployed and a target of halving that jobless rate by the year 2020, South Africa has a significant challenge ahead.
Tackling Poor Telecoms Service with Co-location – This Day (NGA)
In spite of the tremendous growth in Nigeria’s telecommunications sector, poor service delivery is fast eroding the gains.But co-location of infrastructure is a sure way out of the imminent danger, writes Emma Okonji
Sino-Africa trade expected to surpass 200 bln USD this year: S. African bank – FOCAC (CHN)
The South Africa’s biggest bank, Standard Bank, on Monday said the Sino-Africa trade is likely to be over 200 billion U.S. dollars this year.
Don’t Blame China for Trade Imbalances with Africa, Expert Says – Caixin Online (CHN)
China is not to blame for trade imbalances with Africa, says South African political economist Moeletsi Mbeki
36 trade barriers in East African Community (EAC) dropped in a year: official – Daily Nation (KEN)
The East African Community has eliminated 36 barriers to trade in the past year in a move aimed at boosting the region’s bid to attract investment from other economic blocs and countries to its expanded market.
China-Africa trade hits new highs, but there is reason to worry – How we made it in Africa
Trade between Africa and China are at all time highs, but the terms are mostly dictated by China. So says a new Standard Bank report, written by analysts Simon Freemantle and Jeremy Stevens.
Transport and Infrastructure
$500m of Chinese loan used on roads in Ghana, says minister – China Daily (CHN)
Over half-a-billion-dollar loan from China Development Bank (CDB) to Ghana has been earmarked for some strategic roads in the West African country, Ghanaian Minister for Roads and Highways Joe Gidisu said Tuesday.
Chinese Firm Completes First Phase Tazara Study – Times of Zambia (ZAM)
The Third Railway Survey and Design Institute Group Corporation (TSDI) of China has completed the field phase of the feasibility study which will determine options for Tanzania Zambia Railway Authority (TAZARA)’s future development
VistaJet eyes new horizons from China-Africa trade – China Business (CHN)
VistaJet, the European-based business jet charter company, is strengthening its operations in Asia on the back of the region’s growing economic and trade links with the developing world, especially between mainland China and Africa, according to senior executives.
Experts plot Tazara full recovery scheme – IPP Media (TZA)
Feasibility study to determine options for Tanzania Zambia Railway Authority’s future development is promising and due for completion by mid 2013 , reports The Third Railway Survey and Design Institute Group Corporation (TSDI) of China charged with the evaluation process.
China supplying Africa with guns – Global Post (USA)
China’s aggressive new strategy to sell weapons in Africa was on clear display at a recent defense exposition here.
Outcome of Doha climate talks important for SA – Business Day (ZAF)
The 2012 conference is seen as needing to come up with a way to implement the decision at the Durban talks in 2011 to conclude a new, legally binding, global agreement on how to keep humanity’s greenhouse gas emissions low enough to keep the overall rise in world temperatures to below 2°C by 2015.
UNESCO and China partnering to bridge the “teaching gap”- Open Equal Free
UNESCO and China have announced they are to launch a $8 million program that will tackle the issue of the teacher gap in Africa.
Arms dealer who tried to ship 80,000 guns to Nigeria jailed for seven years – The Telegraph (GBR)
An arms dealer who arranged to sell 80,000 AK47 assault rifles and 32 million rounds of ammunition to Nigeria has been jailed for seven years, just months after a judge threw the case out of court.
Volunteers are on the frontline of a new world – China Daily (CHN)
While most of Liu Zelin’s classmates are preparing their theses and searching for jobs, the 24-year-old is experiencing a radically different life in a country far from home.