Vol 2 (AAC) No 4 | CONGO-KINSHASACHINA Twixt Beijing and the IMF 20th February 2009 China's investment and production plans face a crisis as Kinshasa's foreign reserves nosedive Falling demand for copper, cobalt and diamonds offers a stark choice for President Joseph Kabila's government: does it accept the onerous conditions of credits from the International Monetary Fund or does...
Vol 2 (AAC) No 4 | CONGO-KINSHASACHINA Vultures over Kinshasa 20th February 2009 Chinese money is now a key target for United States' FG Hemisphere Associates LLC, which wants to reclaim a debt of US$104 million owed by Congo-Kinshasa. FG Hemisphere is widely...
Vol 2 (AAC) No 4 | NIGERIAINDIASOUTH KOREA What's yours is mine and... 20th February 2009 India's gain may prove to be South Korea's loss as local political shifts hit Nigeria's oil business The Korean National Oil Company may take legal action in response to Nigeria's revoking last month of two lucrative concessions awarded to the company in 2005. KNOC won operating rights to...
Vol 2 (AAC) No 4 | NIGERIACHINA Contract shuffles 20th February 2009 Global financial chaos and falling demand for oil and minerals are prompting recalculations on all sides. The IMF and World Bank have revised down their gross domestic product forecasts...
Vol 2 (AAC) No 4 | GABONCHINA Iron in the soul 20th February 2009 After renegotiating for better terms in the Bélinga iron ore deal and drops in commodity prices, parties in Beijing are no longer as keen on the deal Having won a dangerous game of brinkmanship, President El Hadj Omar Bongo Ondimba is trying to re-excite China's interest in the Bélinga iron ore project. Since the end of last year,...
Vol 2 (AAC) No 4 | ANGOLACHINABRIEFING Best friends again 20th February 2009 Angola has maintained its status as China's biggest trading partner in Africa - with trade volumes between the two countries reaching US$25.3 billion in 2008 - according to Beijing's Minister of...
Vol 2 (AAC) No 4 | CHINAAFRICABRIEFING Beijing news network 20th February 2009 Beijing is investing 45 billion yuan (US$6.6 bn.) in expanding its Xinhua News Agency and launching a 24-hour English language television news station. The plans envisage more cooperation with African media...
Vol 2 (AAC) No 4 | GUINEACHINABRIEFING The new Conakry order 20th February 2009 Despite a show of insouciance after December's putsch led by Captain Moussa Dadis Camara in Conakry, China's diplomats and business leaders are closely watching the new regime's policies,...
Vol 2 (AAC) No 4 | CHINA Hu Jintao 20th February 2009 President, People's Republic of China This month, China's leader embarks on his fourth tour of Africa. The itinerary - Mali, Mauritius, Senegal and Tanzania - shows the range of relationships built up under...
Vol 2 (AAC) No 4 | TAIWAN Ma Ying-jeou 20th February 2009 President, Republic of China (Taiwan) As China's President Hu Jintao tours Africa this month, his Taiwanese counterpart will be conspicuously absent. Ma Ying-jeou has been trying to cool the diplomatic competition with Beijing.