Weekly news

Weekly news: 20/04/2013 to 26/04/2013


China in Africa – Sierra Express Media
Sierra Leone’s sustained growth continues to make great progress with specific reference to the governance period of President Ernest Koroma. During his first five years, he moved the country toward a change drive. 

Will Africa be able to compete successfully with China? – Global Times (CHN)
It is indisputable that China is the world’s most competitive economy. Its industries boast high-level technology, a highly trained workforce, innovation and operational efficiency. The country’s businesses are known to outcompete their rivals in new regions through low pricing and low production cost.

Beijing, Paris should ‘work together’ – China Daily (USA)
China and France should join forces in Africa to boost the continent’s development, vice-president of a major French political party said on Tuesday.

China political system offers lessons for Africa – Shanghai Daily (CHN)
Africa should take advantage of the deepening relations with China to study Chinese political model and come up with lessons that can enable it to develop its own political system that is inclusive, encourages economic growth and will promote ethnic cohesiveness, a Kenyan expert said on Tuesday.

New Africa Scramble: China Has Economic Might but Lacks Brazil’s “Soft Power” Edge – Huffington Post
Move over, 19th-century African power struggle — the coming scramble for continental resources may feature some new and rising players. While European nations such as Britain and France dominated Africa and vied for influence some one hundred years ago, the next geopolitical struggle could pit none other than China against an increasingly more assertive Brazilian dynamo.

‘Africa must be smart about China’ – The Southern Times
On becoming the new Chinese Leader, Xi Xinping’s first foreign trip was to Moscow, Russia and if this was a shocker, more was to follow. Fresh from the visit to the Kremlin, the Communist Party chief was on the plane to Dar es Salaam on the first leg of his triangular trip to Africa that would also take him to the Congo Republic and the Republic of South Africa.

China-Africa cooperation contributes to African growth – FOCAC
Economic cooperation between China and Africa has contributed more than 20 percent to African countries’ growth over the past 13 years, a Foreign Ministry spokeswoman said on Friday.

Mali: China Calls for Peace in Mali – FOCAC
China hopes the international community can continue to play an active role in consolidating security in Mali, through close coordination with the Malian side, a Foreign Ministry spokeswoman said Tuesday.

Chinese VP Vows Stronger Ties With South Sudan – Sudan Tribune (SUD)
The Chinese vice president, Li Yuanchao on Thursday vowed to promote friendly cooperative ties with newly independent South Sudan.

Finance and Banking

AfDB and People’s Bank of China Commit to Expand Cooperation – African Development Bank
The President of the African Development Bank (AfDB), Donald Kaberuka, and the Governor of the People’s Bank of China (PBC), Zhou Xiaochuan, have agreed to expand cooperation between the two banks.

Zambia expects to register increase in investment – Daily Mail (ZAM)
ZAMBIA is expected to register increased investment this year due to various pledges the country is receiving with foreign direct investment (FDI) projection at US$10 billion this year.

Cape Verde and Mozambique are two of the most attractive destinations for investment in Africa – Macauhub (MOZ)
Cape Verde and Mozambique are two of the most attractive destinations for foreign investment in Africa in 2013, according to a document published in Lille by French consultancy StrategiCo.

China’s investments in Egypt increases by 60 pct – Business Ghana (GHN)
China’s Ambassador to Egypt Song Aiguo said Sunday that the Chinese investments in Egypt increased by 60 percent over the past two years to exceed half a billion U.S. dollars, an official source in the embassy told Xinhua.

China Gets Tough On Zim’s Debts – Zimbabwe Independent (ZIM)
The Chinese government has raised red flags on Zimbabwe’s creditworthiness after insisting the cash-strapped government settle all outstanding arrears before accessing additional funds for infrastructure development projects.


The Chinese threat to growth – Financial Mail (ZAF)
Economic data from China paints a worrying picture for Africa’s growth prospects. Latest  information is that China’s manufacturing base expanded less than expected in April. The purchasing  managers’ index registered a reading of just 50.5-below 50 indicates contraction.

China Africa Cotton to build cotton ginning factory in Mozambique – Macauhub (MOZ)
The China Africa Cotton project for construction of factory for cotton ginning and producing cotton seed oil in the Maringué district, in the north of Sofala province, is at an advanced stage, said a district official.

Mining and Metals

Chinese In Ghana Resented For Running Illegal Mines, Destroying Environment – International Business Times
The Chinese have left their footprints all over the African continent, with decidedly mixed results and mixed reactions from the African people themselves.

Influx of Chinese goldminers sparks tensions in Ghana – The Guardian (GBR)
Huang Ren Zhong’s striped parasol stands out against the muddy cliff of excavated earth. The horizon is fringed with the tall trees of the Ghanaian rainforest, but for Huang, this dilapidated shelter is his only shade from the sweltering tropical sun.

Oil and Energy

Shale gas resource, dismissal fears arise, China-Africa collision – Engineering News (ZAF)
Exploration needs to go ahead to determine how much of the shale gas in South Africa’s Karoo is commercially viable. Gas industry stakeholders supporting and opposing the exploiting of shale gas reserves in the Karoo basin reached that consensus at Gas Week 2013, as can be read on page 16 of this edition of Mining Weekly.

Nigeria Losing Ground To New African Oil Frontiers – Leadership (NGA)
While the Nigerian government continues to delay the passage of the Petroleum Industry Bill (PIB) the nation is fast losing grounds to emerging African crude oil frontiers. Countries like Ghana, Sierra Leon and Kenya are among top contenders eager to dislodge Nigeria and take over its investments.

China’s Sinopec Threatens To Abandon $700m Ghanaian Gas Project – Ventures Africa
Chinese firm, Sinopec International Petroleum Service Corporation is threatening to abandon work on Ghana’s Gas infrastructure.

Hydro power development full steam ahead – Hydro World
Hydro power development full steam ahead. ‘The contract is to build the station and operate it for a number of years’. THERE is a quickening of tempo in electricity-generation projects in Zambia. The state electricity monopoly, Zesco Ltd, recently disclosed that 25 companies, two of them Chinese, have expressed an interest in developing the 1600MW hydro-power station at Batoka Gorge on the Zambezi.


Namibia to Export Fish, Beef to China – CRI (CHN)
A Chinese food safety supervising body has signed two memorandum of understanding for fish and beef exports with its Namibian counterpart, enabling Namibia to export fish and beef to China in the following several years.

Setting Up Shop in Lesotho – How the Chinese Succeeded – Think Africa Press
Of all the African destinations that Chinese migrants have travelled to since China’s economic and political reforms in the late-1970s, Lesotho is perhaps one of the least obvious.

Transport and Infrastructure

Ethiopia hopes to reap benefits from eco-friendly rail projects – Reuters
Taking advantage of its expanding hydropower and other renewable energy capacity, Ethiopia is building an extensive system of electric railways to ease urban traffic congestion and reduce carbon emissions and pollution, officials say.

China approves major loans for S. Sudan to improve infrastructure – Sudan Tribune (SUD)
South Sudanese president Salva Kiir Mayardit said on Tuesday that the Chinese government has approved a major loan scheme to help his country improve infrastructure, adding that the agreement shows the level of cooperation between the two countries.


Flaws identified in India, China, Kenya policy narratives on climate change – Ghana Business News
Partners in an international study, have identified flaws in policy narratives on climate change in the Indian, Chinese, Kenyan and global contexts, which they say limit resilience in the world’s dry regions.

Africa, stop digging holes for the West – Mail & Guardian (ZAF)
For at least two generations, African leaders and policymakers have recoiled from the 300-year model of African natural-resource development. Simply put, the model was based on Africans, originally as slaves and later as paid porters, carrying ivory to the coast for ­Europeans and Asians to cut and process.


Chinese Firm to Build Betty Kaunda School – Times of Zambia (ZAM)
A CHINESE mining firm has announced plans to build an ultra-modern multi-million Kwacha skills training school to carter for the underprivileged in society in honour of late Betty Kaunda, the wife of first Republican President Kenneth Kaunda.


From China With Love or Hate – This Day (NGA)
Claims that Chinese investment in the nation’s media landscape is symbiotic look far-fetched. Here is why. Three months ago, Chinese Foreign Minister, Yang Jiechi, toured five African countries, a trip that was initiated by the signing a $7.6 million aid grant to Zimbabwe.


Ellen Wants Cultural Exchanges Between Liberia, China Promoted – Hertitage
President Ellen Johnson-Sirleaf has stressed the need for the promotion of cultural exchanges between Liberia and China According to President Johnson-Sirleaf, cultural exchanges between the two countries will foster a stronger bond of friendship between the two countries.

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