Vol 2 (AAC) No 9 | ZIMBABWECHINA China woos the team of rivals 31st July 2009 Harare's power-sharing government needs finance urgently but cannot agree on how to negotiate the terms with China As China emerges as the biggest outside financier of the power-sharing government, differences in Harare over policy towards Beijing are growing. The first public row broke soon after Prime Minister Morgan...
Vol 2 (AAC) No 9 | INDIAAFRICA Mittal's meltdown 31st July 2009 Hobbled by the global business downturn and billions of dollars in debt, Mittal's plans to turn West Africa into its iron-ore hub are on hold The world's biggest steelmaker, ArcelorMittal, is cutting back sharply on its operations in West Africa, which were part of a plan to provide about two-thirds of the company's iron ore....
Vol 2 (AAC) No 9 | SOUTH AFRICAINDIATELECOMS MTN-Bharti merger 31st July 2009 Despite shareholder concerns the deal between Africa's and India's biggest mobile companies is set to go ahead this year The planned US$20 billion merger of Africa's Mobile Telephone Networks (MTN) and India's Bharti Airtel would bring together two continental giants to form the world's third largest mobile phone company. The...
Vol 2 (AAC) No 9 | GHANASOUTH AFRICAINDIA MTN, militants and share claims 31st July 2009 A tangled web of financial holdings stretching from South Africa to Ghana and Lebanon could delay plans for a US$20 billion merger of India's Bharti Airtel and South Africa's Mobile Telephone...
Vol 2 (AAC) No 9 | LIBERIAMALAYSIABRIEFING Undue diligence in the timber sector 31st July 2009 Malaysian timber conglomerate Samling, which faces accusations of illegal logging, is at the centre of a storm over the bidding by foreign companies for 25-year contracts in Liberia's timber sector. The...
Vol 2 (AAC) No 9 | ALGERIACHINAAFRICANORTH AFRICABRIEFING Al Qaida may target Chinese in Africa 31st July 2009 More signs are emerging that China is being drawn inexorably into Africa's internal politics and is being compelled to take sides in wider geopolitical disputes. This time, the trigger was the...
Vol 2 (AAC) No 9 | JAPANAFRICABRIEFING Tokyo's new loans for Africa 31st July 2009 Japan is to add another US$4 billion in new concessional loans to Africa over the next five years, outpacing the spending of the China-Africa Development Fund, according to Koji Yonetani, the...
Vol 2 (AAC) No 9 | JAPAN Seiko Hashimoto 31st July 2009 State Secretary for Foreign Affairs, Japan Seiko Hashimoto brings Olympic glamour to the Africa-Asia axis. Born in 1964 in Hokkaido, she competed in seven Olympic Games, four as a speed skater and three as...
Vol 2 (AAC) No 9 | CHINA Dai Bingguo 31st July 2009 State Councillor, China Dai Bingguo was last in Africa in February, when he accompanied President Hu Jintao to Saudi Arabia, Mali, Senegal, Tanzania and Mauritius. The low-key diplomat's nondescript title of...
Vol 2 (AAC) No 9 | MALAYSIA Najib Razak 31st July 2009 Prime Minister, Malaysia Najib Razak's political pedigree is impeccable, but he struggles with the common touch needed to enact his liberal, but potentially unpopular, economic policies. Born 1953, Najib is the...