Vol 2 (AAC) No 8 | ZIMBABWECHINA Re-enter the dragon 26th June 2009 Bilateral trade is growing as Chinese diplomats explain their role in the negotiations for Zimbabwe's power-sharing government The Beijing-Harare axis is thriving under Zimbabwe's power-sharing government. Despite opposition claims that China would lose influence because of its close relations with President Robert Mugabe and its historical support for...
Vol 2 (AAC) No 8 | ZIMBABWECHINA China's trains, Zimbabwe's tobacco 26th June 2009 Beyond the political controversy about relations with the Zimbabwe African National Union-Patriotic Front regime, Chinese businesses are set to provide an important source of new investment and jobs for Harare's shaky...
Vol 2 (AAC) No 8 | SENEGALCHINA Wade's skyscraper legacy 26th June 2009 Popular discontent and a lack of transparency threaten China's largest property development deal in West Africa Kawsara in the Koran is one of the heavenly gardens promised to virtuous Muslims. In Dakar, it is the name of an ambitious property development, the Cité des Affaires Kawsara, which...
Vol 2 (AAC) No 8 | CONGO-KINSHASACHINA Tug of war 26th June 2009 The IMF has scored some points in its battle with China over the mining-for-infrastructure deal but a final decision is unlikely before year's end The International Monetary Fund's pressure on Kinshasa has led to the first sign of the government buckling. At the end of 2007, President Joseph Kabila's government agreed a US$9 billion deal...
Vol 2 (AAC) No 8 | CÔTE D'IVOIRECHINA As sweet as chocolate 26th June 2009 Despite questions about elections and stability, Chinese companies are streaming in Western investors are waiting around on the sidelines, nervous that the outcome of Côte d'Ivoire's elections, scheduled for 29 November, may bring more instability, but Chinese investors are heading straight for...
Vol 2 (AAC) No 8 | CHINAAFRICABRIEFING Minerals meltdown 26th June 2009 China is taking advantage of the global economic crisis to restructure its mining industry. A 4 trillion renminbi (US$586 billion) stimulus plan, announced late last year, encompasses sector-specific reform measures put...
Vol 2 (AAC) No 8 | MOZAMBIQUECHINABRIEFING Billions for all 26th June 2009 The list of countries with multibillion-dollar, Chinese-backed projects is growing longer, with Mozambique the latest country to receive a golden handshake. In late May, China Exim Bank announced US$2.3 billion in...
Vol 2 (AAC) No 8 | CHINAAFRICABRIEFING Leaky dam builders 26th June 2009 While China's leading dam-builder Sinohydro was busy dealing with complaints from Western non-governmental organisations about its refusal to engage with local populations, an East African NGO shut down one of Sinohydro's...
Vol 2 (AAC) No 8 | CHINAAFRICABRIEFING ICBC's toe in African waters 26th June 2009 The October 2007 merger between the Industrial and Commercial Bank of China, the world's largest bank, and Standard Bank, South Africa's largest, is finally showing its potential. After a lacklustre start,...
Vol 2 (AAC) No 8 | INDIA R.S. Sharma 26th June 2009 Chairman and Managing Director, Oil and Natural Gas Corporation, India R.S. Sharma has the top job at India's Oil and Natural Gas Corporation (ONGC), a state-owned company with a growing global agenda. Market capitalisation makes ONGC India's second-largest company, trailing Reliance...