Weekly news

December 2008

Standard Bank expands in China despite crisis – Business Daily (ZAF)

1/12/2008
Standard Bank is pushing ahead with its expansion into China, even as the global financial crisis starts to impact the Chinese economy. Full story
We seized pirated materials from Magnet Integrated, NCC tells court – Vanguard (NGA)
29/11/2008
A Federal High Court sitting in Lagos, has been told at the resumed hearing in a three-count charge of copyright infringement, brought against three persons, including a Chinese national, by the National Copyrights Commission (NCC), that the accused persons were found in possession of pirated materials, which they have no authority to produce. Full story
AU urges Beijing not to reduce investment and aid to Africa – Walta Information (ETH)
28/11/2008
The African Union (AU) yesterday asked China not to slash investment and aid to African countries, which may hurt because of a slump in commodity prices.Full story
Zimbabwe to get Chinese vaccines for cholera-report – Monitor (UGA)

27/11/2008
Zimbabwe, which is battling a serious cholera outbreak amid a worsening economic crisis, is set to get vaccines from China to fight the disease, state media reported on Thursday. Full story
China firms plan Cameroon cement, fertiliser plants – Walta Information (ETH)
28/11/2008
Chinese companies plan to build a fertiliser plant and a cement factory in Cameroon worth a combined 170 billion CFA francs, authorities in the central African country said on Thursday. Full story
China eyes bargain mining deals – News 24 (ZAF)

3/12/2008
London – Chinese mining firms are gearing up to take advantage of the global downturn and seek M&A mining deals at bargain prices next year, a top official at South Africa’s Standard Bank said on Tuesday. Full story
Badagry Expressway: 10 Firms Show Interest – This Day (NGA)
28/11/2008
Big construction companies have started indicating interest in Lagos State’s proposed 10-lane Badagry Expressway. Full story
China major-general urges navy to fight Somali pirates – Monitor (UGA)

4/12/2008
China should send naval ships to help wipe out Somali pirates menacing commercial vessels off Africa, a prominent Chinese military strategist said, urging his nation to take a higher profile in such operations. Full story
S.Africa likely to end Chinese textile import curb – Monitor (UGA)
4/12/2008
South Africa is likely to end restrictions on Chinese textile imports after December 2008, when they are due to expire, a senior government official said on Wednesday. Full story
Governor woos Chinese investors – New Times (RWA)
5/12/2008
The Eastern Province governor, Dr Ephraim Kabaija has said they are holding talks with the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) that could lead the latter to aid some developmental activities in the province. Full story
China donates drugs to fight malaria – Ghana Web (GHN)
4/12/2008
The People’s Republic of China on Thursday donated anti-malaria drugs worth 300,000 US dollars to Ghana to complement efforts in fighting malaria. Full story
Chinese-funded Ministry of Defence complex opened – Ghana Web (GHN)
4/12/2008
President John Agyekum Kufuor on Thursday urged both the Ministry of Public Sector Reform and the Head of Civil Service to develop the capacity of more civil and public servants to provide some of the specialized services required by the military. Full story
China‘s call for 82% cut to iron ore price is ‘not serious’- Business Report (ZAF)

9/12/2008
Analysts and industry sources yesterday downplayed the call by the China Iron and Steel Association for an 82 percent cut in contract iron ore prices as from April, describing it as the first foray in the annual bargaining that takes place between the world’s biggest iron ore mining and steel groups. Full Story.
Spate of safety scandals rocks shoppers’ faith in China- Business Report (ZAF)
9/12/2008
Milk, toothpaste, cough syrup, pet food, eels, blood thinner, car parts, pork, eggs, honey, chicken, dumplings, cooking oil and rice – if you can fake it or taint it, you can almost guarantee it’s happened in China. Full Story.
Transparency International questions Kenya’s dalliance with China- Standard (KEN)
9/12/2008
Kenya’s trade relations with China may be put to question following the release of a bribery payers index. Full Story.
KPC awards tenders for Nairobi-Eldoret pipeline- Standard (KEN)
9/12/2008
Kenya Pipeline Company Ltd (KPC) has awarded tenders for construction of the Line 4 parallel pipelines from Nairobi to Eldoret. Full Story.
Nigeria, China open talks on replacement of satellite- Vanguard (NGA)
8/12/2008
Nigerian and Chinese officials have opened talks on a replacement satellite for NigComSat _1 which developed faults in orbit early last month. Full Story.
Governor decries huge spending on rice importation- Vanguard (NGA)
5/12/2008
The Governor o f Niger  State, Dr. Muazu Babaginda Aliyu, has decried the huge foreign exchange on the importation of rice into the country annually which he puts at about US$800m when there is large land for rice production in the country. Full Story.
Chinese official hails Rwandans for their peace building efforts- New Times (RWA)
6/11/2008
The Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) President Chen Haosu, has praised the National Unity and Reconciliation Commission and Rwandans in general for their efforts in building lasting peace and friendship in the world. Full Story.
SARS seizes big shipment of Chinese contraband- Business Day (ZAF)

8/12/2008
Officials of the South African Revenue Service (SARS) have seized 60 tons of clothes imported illegally from China and shipped through Botswana. Full Story
NigComSat, Chinese firm propose interim satellite- Guardian (NGA)
10/12/2008
Provision of new leased satellite transponders and other alternative bandwidth sources are some of the remedial measures packaged to cushion the pains of businesses and processes that have depended on the lost Nigerian Communications Satellite NigComSat-1 recently. Full Story
Nakaseke to get first tarmac road- Daily Monitor (UGA)
10/12/2008
Nakaseke District will see the first tarmac road after Works Minister John Nasasira launched the upgrading of Matugga-Semuto-Kapeeka Road yesterday. Full Story
Chinese cards coming to SA- Business Report (ZAF)

11/12/2008
First National Bank (FNB) would set up a venture with China UnionPay Data that would allow debit and credit card holders belonging to the Chinese electronic payment network to make purchases in South Africa, FirstRand’s consumer banking unit said yesterday. Full Story.
China Supports Mozambican Armed Forces- Club de Mozambique (MOZ)
10/12/2008
The Chinese government has pledged to disburse 1.5 million US dollars in 2009 to support the Mozambican Armed Forces (FADM). Full Story.
China backs Uganda trade zone plan- Business Daily (KEN)
8/12/2008
Proposals for a vast trade zone near Lake Victoria in Uganda have won Chinese backing worth around $1.5 billion over the next three years. Full Story.

CIC targets to secure equity and debt funding for $3bn Botswana power project by mid-2009- Engineering News (ZAF)

12/12/2008

Private energy company CIC Energy remains confident of reaching financial close for its $3-billion Mmamabula integrated coal mine and energy project by the middle of 2009, despite the challenges posed by the prevailing global financial crisis. Full Story

 

FG to partner with Chinese investors on lftz project- Vanguard (NGA)

12/12/2008

Federal Government  has said  that it was prepared to partner with the Chinese government in the realisation of the Lekki Free Trade Zone (LFTZ) in LagosState, just as it reiterated its readiness to put in place in what is needed  to attract Foreign Investors into the country. Full Story

Uncertainty Over Production Sharing Contracts- This Day (NGA)
15/12/2008
The controversy surrounding the oil block licensing exercise, which took place in May last year, is far from being over. Full Story.

Automotive firms locked in a high court legal battle- Business Report (ZAF)
15/12/2008
Gonow Auto South Africa, the southern African importer and distributor for the Chinese car and commercial vehicle manufacturer, is locked in a high court battle with listed Grindrod SA division Auto Carrier Transport over the alleged non-payment of more than R600 000. Full Story.

Botswana: Chinese Firm to Build Ambitious Mmamabule Project- All Africa (USA)
2/12/2008
The 1 320 Megawatt Mmamabula Energy Project (MEP) is gathering momentum at a time when most mining and energy development projects are folding due to the global financial crisis. Full Story.

Botswana: Chinese Goods Have Improved Quality of Life But… – All Africa (USA)
27/11/2008
Electronic equipment has had a definite impact on the Botswana market. There are conflicting views about the encroachment of these goods on a market that was previously dominated by South African and Zimbabwean commodities. Full Story.

Burundi, Rwanda plan road link to Tanzania- Engineering News (ZAF)

16/12/2008

Landlocked Burundi and Rwanda plan to build a 500 km (310 mile) road linking them with neighbouring Tanzania to reduce their overdependence on Kenya’s Mombasa port, a minister said on Tuesday. Full Story.

China trade with Africa hit by deal rethink- Financial Times (GBR)

17/12/2008
The global slowdown has prompted a Nigerian cement company to postpone plans to buy $3.3bn (£2.1bn, €2.3bn) in plant building and materials from a Chinese contractor in a sign that China’s burgeoning trade with Africa may be starting to soften. Full Story.
Pirates: China to send in navy? – News 24 (ZAF)
17/12/2008
China may send warships to fight rampant piracy off Somalia, state media said on Wednesday, announcing what would be an unprecedented display of naval power far from its shores. Full Story.
Angola, China sign agreements- News 24 (ZAF)
17/12/2008
The presidents of China and Angola signed a series of agreements on Wednesday as the oil rich African nation sought greater Chinese participation in its energy and infrastructure development. Full Story.
Pirates seize four ships as UN authorises pursuit on land- The Standard (KEN)
17/12/2008
Somali pirates seized four ships in the Gulf of Aden on the same day the United Nations Security Council authorised countries to pursue the gunmen on land. Full Story.
China backs Uganda’s free trade zone plan- Monitor (UGA)
17/12/2008
Proposals for a vast trade zone near Lake Victoria in Uganda have won Chinese backing worth around $1.5 billion over the next three years. Full Story.
Chinese ship rescued from pirates- Al Jazeera (QTR)
17/12/2008
An international naval force has rescued a Chinese ship from Somali pirates, a day after the UN authorised troops to pursue the bandits on land in a bid to tackle the increasing problem of piracy in the Gulf of Aden. Full Story.
Angolan president in China- News 24 (ZAF)
16/12/08
Angolan President Jose Eduardo dos Santos arrived in Beijing on Tuesday on a trip to drum up funds for his oil rich African state. Full Story.
Cope sells Chinese goods- News 24 (ZAF)
16/12/08
Though Cope says it is proudly South African, the party caps and shirts on sale to delegates to its founding conference are anything but. Full Story.
Chinese ships will fight pirates- BBC (GBR)

18/12/2008
China has announced it is to send naval ships to fight rampant piracy in the Gulf of Aden off the coast of Somalia. Full Story.
China sends naval fleet to Somalia to battle pirates- Guardian (GBR)
18/12/2008
Deployment to join international force in biggest naval operation by China in more than 600 years. Full Story.
Imported car brands pulled as rand slumps, demand slips- Business Report (ZAF)
18/12/2008

Several imported vehicle brands are being pulled from South Africa because of financial difficulties arising from the depreciating rand and a shrinking local vehicle market. Full Story.

More Support from China to Reconstruct the Nation- Journal de Angola (AGO)
18/12/2008
The President of the Republic, José Eduardo dos Santos, thanked yesterday in Beijing, the People’s Republic of China to support the process of national reconstruction under way in Angola. Full Story. 

Somalia welcomes Chinese naval deployment off its coast- China View Xinhua (CHN)
18/12/2008
Somalia on Wednesday welcomed China’s announcement that it was seriously considering sending naval ships to Somali waters to fight rampant piracy. Full Story.

Chinese car imports canned- News 24 (ZAF)

19/12/2008
The new year will prove anything but prosperous for the motor industry. After November, the slowest month this year, with sales down 30% year on year, the proverbial writing was on the wall. Full Story.
China and Kenya have had 45 years of a shared destiny- Standard (KEN)
17/12/2008
In April 2005, for the first and only time during my tenure as China’s Foreign Minister, I accompanied a visiting counterpart on a climb of the Great Wall, one of the Seven Wonders of the World. Full Story.
Rural Telephony: FG Shortlists 5 Firms- This Day (NGA)
19/12/2008
Five firms emerged as preferred bidders in the first phase of the National Rural Telephony Network project in Abuja yesterday bidding a total of $266.25million.Full Story.
Bui workers are not on strike- Ghana web (GHN)
19/12/2008
Mr. Anthony Osafo-Kissi, Resident Engineer of Bui Power Authority, has dismissed reports that Ghanaian workers at the Bui Dam site had staged a demonstration in demand for increase in salaries and payment of salary arrears. Full Story.
Sudan arrests kidnappers of Chinese oil workers – minister- Sudan Tribune (SDN)
19/12/2008
Sudanese government has arrested all the kidnappers of the nine Chinese oil workers which had been abducted last October in southern Kordofan by a group claiming being part of a rebel group in Darfur. Full Story.
Eximbank credit to reinforce the reconstruction works- Journal de Angola (AGO)
19/12/2008
The Export and Import Bank of China (EXIMBANK) will finance more projects in Angola. The chairman of the financial institution, Li Rougu, did not reveal the amount you want to invest, but admitted that already is negotiating with the government funding for a future works of national reconstruction. Full Story.
China gives U.S.$100, 000 to ECOWAS Peace Fund- Pambazuka News (GBR, KEN)
19/12/2008
The ECOWAS Peace Fund got a boost Monday with a donation of US$100, 000 from China. Full Story.
Record mining deal for Liberia- News 24 (ZAF)

21/12/2008
A Chinese conglomerate has promised to spend $2.6bn on Liberia’s main iron ore mine in the biggest investment ever made in the African nation, Investment Minister Richard Tolbert told AFP on Saturday. Full Story.
Former Sudanese official says loan from China needed for budget deficit- Sudan Tribune (SDN)
22/12/2008
The former finance minister Abdel-Wahab Osman suggested to the pro-government Al-Rayaam daily in an interview that the revenue portion of the budget is likely to face issues in light of the continuous decline in oil prices. Full Story.
Head of State returned to the country- Journal de Angola (AGO)
22/12/2008
The President of the Republic, José Eduardo dos Santos, returned in the middle of the afternoon yesterday to the country, having made a state visit of three days of the Republic of China. Full Story.
The Return of Zheng He? China’s Navy on the Move- Washington Post (USA)
22/12/2008
The announcement today that China will dispatch its navy to defend against pirates of the Somali coast is a big one. It marks the first time that China has committed itself to taking part in what a Chinese naval officer called a multi-lateral “battle task.” Full Story.
Africa reels as global crisis hits mines- Business Report (ZAF)

23/12/2008
The global financial crisis and nosediving commodity prices have dealt a major blow to mining-based African economies, where a recent boom is set to wither, setting back the fight against poverty. Full Story.
Copper unmoved by China rate cut- Fin 24 (ZAF)
23/12/2008
Copper shed 2.6% on Tuesday as investors shrugged off China’s smaller-than-anticipated interest rate cut, and as concerns over demand due to a worsening economic outlook returned. Full Story.
China‘s new export: farmers- Independent (GBR)

29/12/2008
China has a shortage of land, Africa a shortage of food. So one entrepreneur had the bright idea of persuading Chinese farmers to emigrate. Full Story.
China begins anti-piracy mission- BBC (GBR)
26/12/2008
Three Chinese naval ships have set sail for waters off Somalia to protect Chinese vessels from pirate attacks. Full Story.
Sudan, China discuss political and economic relations- Sudan Tribune (SDN)
25/12/2008
A delegation of the Communist Party of China (CPC) concluded today a three day visit to Sudan where it held political and economic talks with the Sudanese officials. Full Story.
Mixed signals for Kenya as China’s economy slows- Business Daily (KEN)
24/12/2008
A sharp slowdown in China will bring both short-term benefits and longer term concerns for Kenya, say economists. Full Story.
Angola to launch telecom satellite- People’s Daily (CHN)

30/12/2008
Angola is to launch a multi-sectoral support telecom satellite in January 2009, Angolan Minister of Telecom and Information Technologies Jose Carvalho da Rocha said here on Monday. Full Story.
Unity Bank partners Chinese firm on power projects in Nigeria- Guardian (NGR)
30/12/2008
Chinese Power Generating Firm, Shenzhen Energy Group has expressed its interest to work in partnership with Unity Bank Plc in the execution of its power projects in Nigeria. Full Story.
Chinese business community gives to orphanages- Ghana Web (GHN)
30/12/2008
The Ghana-Chinese Chamber of Commerce on Wednesday donated items worth over GH¢ 3,500 to two orphanages as expression of love in the Christmas season. Full Story.

Comments are closed.