Vol 4 (AAC) No 4 | GUINEACHINA Minding the mines 28th February 2011 President Condé called off mining contract reviews but will move to take a one-third share of all mining projects Mining investors are bracing for a long battle. On 24 January, new President Alpha Condé backtracked on promises to review mining contracts, saying that the government would instead...
Vol 4 (AAC) No 4 | NIGERIACHINA Can’t pay, won’t pay 28th February 2011 Friendly rhetoric and big promises between Beijing and Abuja do not deliver as payment problems strain ties Big deals between the Nigerian government and Chinese companies have fallen through, providing yet another chapter to the up-and-down drama between Beijing and Abuja. On 10 February,...
Vol 4 (AAC) No 4 | ZIMBABWECHINA Platinum-bottomed deals 28th February 2011 Foreign Minister Yang Jiechi wants strengthened relations with China’s ‘good brother’ Zimbabwe but conditions on the latest deals are tougher Beijing is offering its biggest financial deal yet in Zimbabwe but the cash-strapped,power-sharing government may yet turn down the investment. For all President Robert Mugabe’s enthusiasm for China,...
Vol 4 (AAC) No 4 | CHINAAFRICAOECD Opening the tent 28th February 2011 A formal study group at the Organisation of Economic Cooperation and Development is exploring ways to take lessons from China’s development path and apply them to the fight...
Vol 4 (AAC) No 4 | MAURITIUSINDIA The island scandal calls home 28th February 2011 Scandals continue to bring Indian investigators to Mauritius’s fine shores. After last year’s cricket financing scandal (AAC Vol 3 No 7), India’s biggest-ever corruption case – linked to...
Vol 4 (AAC) No 4 | ZIMBABWEINDIA What’s mine is mine 28th February 2011 In November 2010, India’s Essar group (through its Mauritian subsidiary) announced it would take a 54% stake from the government of Zimbabwe in its long-troubled iron and steel...
Vol 4 (AAC) No 4 | JAPAN Takeaki Matsumoto 28th February 2011 State Secretary for Foreign Affairs In his 27 January address at the African Union Summit in Addis Ababa, Takeaki Matsumoto outlined three pillars of Japan’s African diplomacy: peace and stability; expanding assistance and...
Vol 4 (AAC) No 4 | SINGAPORE Christina Tan 28th February 2011 Vice-Chairperson of the Africa Business Group, Singapore Business Federation President Paul Kagame‘s moves to turn Rwanda into ‘the Singapore of Africa’, a financial and information technology hub, have captured the city-state’s attention. Businesswoman Christina Tan led a...
Vol 4 (AAC) No 4 | SOUTH KOREA Chung Joon-yang 28th February 2011 Chairman and Chief Executive Officer, POSCO POSCO, a former parastatal that was privatised in 2000, is the world’s third-largest steelmaker and a key supplier to South Korea’s lucrative shipbuilding and automotive industries. The...
Vol 4 (AAC) No 3 | CHINAAFRICA Top in trade and investment 30th January 2011 Confirming its status as Africa’s biggest trading partner, Beijing is taking on new diplomatic initiatives that may herald an eventual end to ‘non-interference’ Standing at US$114.8 billion in November 2010, China-Africa trade has bounced back faster than most of Africa’s other foreign trade since the 2008 global financial slowdown. China is...