Vol 1 (AAC) No 9 | CHINAAFRICA Developing and insuring prosperity 6th November 2008 The two banks backing up Chinese investment in Africa SINOSURE: China Export and Credit Insurance Corporation (Sinosure) was established in December 2001 through a merger between the People's Insurance Company of China and the insurance arms of China Exim Bank....
Vol 1 (AAC) No 9 | CHINAAFRICA China's battling banks 6th November 2008 The mighty Chinese banking triad CHINA EXIM BANK: Established in 1994 under the Policy Banks Law, China Exim Bank is currently the third largest export credit agency in the world. China Exim Bank is tasked...
Vol 1 (AAC) No 9 | CHINAAFRICA Competing to finance Africa 6th November 2008 The slow motion revolution sweeping across China as the state-owned banks assert their independence from Beijing's directives will mean a much wider range of financing available to Africa. Commercial rivalries and diminishing coordination may make it harder to work with the banks, which remain at the core of China's Africa strategy. China Exim Bank and Sinosure are together expected to become the world's largest export credit agencies by 2010, according to the Export-Import Bank of the United States, just two decades after...
Vol 1 (AAC) No 9 | JAPANAFRICA The tough trade talks after Hokkaido 6th November 2008 Aid and trade are to be discussed as Africa looks to Japan to act on protectionist farming tariffs Tokyo's careful diplomacy ahead of the Hokkaido G8 summit the 7-9 July now faces its biggest test among African states: how can Japan explain its stance at the next round...
Vol 1 (AAC) No 9 | CONGO-KINSHASACHINALATIN AMERICA Number crunching 6th November 2008 Is there Chinese corruption afoot in Congo-Kinshasa? Beijing's multi-billion dollar plans for Congo-Kinshasa are hitting new obstacles as questions are being asked about the transparency of the new deals and the behaviour of Chinese companies on the ground....
Vol 1 (AAC) No 9 | CONGO-KINSHASAINDIA More policing of the peacekeepers 6th November 2008 Indian soldiers are being accused of not knowing where their loyalties lie Indian peacekeepers in the United Nations' troubled mission in Congo-Kinshasa face a new investigation - this time into claims that a senior officer has publicly declared his support for Tutsi rebels....
Vol 1 (AAC) No 9 | ANGOLACHINA The trains don't run on time 6th November 2008 Angola's infrastructure is being given a makeover by Beijing Relations between Angola and China are steaming ahead, despite the wishful thinking of some Western diplomats. China's Prime Minister Wen Jiabao visited Luanda on 23 June and signed an agreement for...
Vol 1 (AAC) No 9 | INDONESIA Hassan Wirajuda 6th November 2008 Former Minister of Foreign Affairs, Indonesia An experienced diplomat, Wirajuda is well-known in regional politics. His country's membership in several multilateral organizations frequently takes him into the African orbit. Wirajuda visited Kenya from 19-20 June. After meeting...
Vol 1 (AAC) No 9 | INDIA K.V. Kamath 6th November 2008 President, Confederation of Indian Industry The sixty-year-old from Mangalore is revered in business circles for transforming a small lender, ICICI Bank, into a dynamic private enterprise. He joined ICICI in 1971, working in project finance and...
Vol 1 (AAC) No 9 | CHINA Zhai Jun 6th November 2008 Assistant Foreign Minister, China A specialist in the Middle East and North Africa, Zhai is responsible for China's West Asian and African relations. The Hebei native joined the Foreign Ministry after finishing university and...