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