Vol 6 (AAC) No 5 | CHINAUNITED STATESAFRICA Chinese investment reality check 7th March 2013 The United States Government Accountability Office released a detailed report last month, which reveals the different impacts of its African strategies and those of China. Interestingly, the GAO’s...
Vol 6 (AAC) No 5 | CHINAAFRICA Private companies under the radar 7th March 2013 Official Chinese statistics vastly underestimate the number and value of private Chinese investments in Africa, according to a recent World Bank report. Private Chinese Investment in Africa: Myths...
Vol 6 (AAC) No 5 | CONGO-KINSHASACHINA Gécamines looks for Chinese funds 7th March 2013 Sticking to the plan that he set out on taking the helm at Gécamines in 2011, Chief Executive Officer Albert Yuma Mulimbi travelled to China in February to...
Vol 6 (AAC) No 5 | NAMIBIACHINA Red carpets and yellow cake 7th March 2013 Uranium-rich Namibia is still rolling out the red carpet for Chinese mining and exploration firms. Back in January, it was announced that Zhonghe Resources (Namibia) Development had received...
Vol 6 (AAC) No 5 | INDONESIA Susilo Bambang Yudhoyono 7th March 2013 President of Indonesia President Susilo Bambang Yudhoyono (SBY) was on a mission to strengthen trade and diplomatic ties in late January and early February. His eight-day tour took in Liberia, Nigeria...
Vol 6 (AAC) No 5 | SOUTH KOREA Lee Suk-chae 7th March 2013 CEO, KT Corp, South Korea In early February, Lee Suk-chae, Chief Executive of South Korean telecommunications firm KT (formerly Korea Telecom), indicated that he would be bidding for the 53% stake in Maroc...
Vol 6 (AAC) No 5 | INDIA Prasun Kumar Mukherjee 7th March 2013 Managing Director, Sesa Goa, India Prasun Kumar Mukherjee, Managing Director of Sesa Goa, India’s largest private iron-ore exporter, has announced that his firm will invest US$2.6 billion in the development of three Liberian...
Vol 6 (AAC) No 5 | SOUTH AFRICACHINA Gao Jianke 7th March 2013 CEO, Wesizwe Platinum, South Africa Gao Jianke revealed in late January that Wesizwe Platinum had received a US$650 million loan from the China Development Bank for the expansion of the Bakubung mining project,...
Vol 6 (AAC) No 4 | LIBERIACHINA China Union angers locals and workers 11th February 2013 China Union is embroiled in land-rights disputes as it struggles to rehabilitate the Bong iron-ore mines and begin exports (China Union under fire in Bong County). In 2009,...
Vol 6 (AAC) No 4 | ETHIOPIACHINA Learning from the East 11th February 2013 The World Bank is working with the government so that Addis Ababa can repeat the successful growth model of its Asian trading partner In December 2012, the World Bank published an in-depth study of Chinese investors in Ethiopia. Based on interviews with the executives of 69 companies operating there, the study...