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Found 496 articles.

Displaying 83 results from 2013 (out of 496 total).

A trillion-dollar promise

Chinese officials are still bullish about Africa but the IMF worries that the continent’s export growth will weaken as investment in China drops off

Despite talk of slower growth and less investment in China over the medium term, Chief Country Risk Analyst at the Export-Import Bank of China Zhao Changhui predicts that...


Talks on illegal timber

China, the largest buyer of illegal timber, is working with the European Union and African governments to improve the global forestry trade

Governments from three continents have launched an unprecedented cooperative effort against the illegal forestry trade in Africa. Officials from Africa, Asia and Europe discussed ways to crack down...


Construction boom ahead

Nigeria's state-backed mortgage provider FMBN is in talks with two Chinese financial institutions about a US$6 bn. loan for new housing

With the national population reaching 174 million this year, the the Federal Mortgage Bank of Nigeria estimates the housing deficit at 17 mn. units. However, talks led by...


Africa is our future

With conflicting strategies pulling France in different directions, two senators map out a plan for cooperation with China in Africa

In a policy paper entitled L’Afrique est Notre Avenir (Africa is Our Future), the Senate sought to lay out France’s Africa policy and respond to China’s growing influence...


Football fever

Congo-Kinshasa wants to host major football tournaments and China is helping to prepare the country's mostly dilapidated stadiums

Congo-Kinshasa is bidding to host the 2019 African Cup of Nations, the continent’s most important football tournament. The Kinshasa government is counting on China’s help to win that...


    Vol 7 (AAC) No 2 |
  • CHINA

Dai Zhikang

Chairman, Shanghai Zendai Property, China

The Hong Kong-listed property developer announced in November an investment of about US$8 billion to transform the Modderfontein suburb of Johannesburg, South Africa, into a metropolis to rival...


Move closer

After allowing China to open a trade office in November, São Tomé is fending off claims that it may abandon Taiwan, its diplomatic ally

Prime Minister Gabriel Costa is walking a fine line by encouraging investment from both China and Taiwan. Chinese oil companies play a crucial role in oil exploration, but...


Ins and outs of the oil companies

São Tomé e Príncipe’s Agência Nacional do Petróleo signed a production-sharing contract with the Hong Kong-registered private oil company Sinoangol for Block 2 in its Exclusive Economic Zone...


Africa gets into the driving seat

Governments are negotiating much more robustly with Chinese companies and cancelling those contracts they judge to be poor value

It had seemed that the big-ticket investors in African countries sponsored by China would be free to run rough-shod over investment and other legislation, given the fervour with...

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New plans for Simandou

After China Power's alumina refinery deal in September, Chinalco and Rio Tinto plan to start production at the giant iron-ore mine

China Power Investment, which plans to build an alumina refinery at Boffa in western Guinea, is on the verge of succeeding where many other companies have failed or...


Sparklers for Beijing

Chinese companies are seeking new joint venture partners and buying stakes in established companies to increase the supply of rough diamonds to Chinese markets

While Beijing is getting ready to take its turn at the presidency of the Kimberley Process Certification Scheme, Chinese companies are busy launching a new investment drive in...


Chinese partners make mining projects viable

With less money around for mining investments, companies are taking on multiple partners

Like many other mining companies, Mwana Africa and its Chief Executive Officer Kalaa Mpinga are not just counting on one company for finance for future mining projects. With...


Dilemmas over power cuts and shortages

With regular power outages and Harare in the grips of a water crisis, the government needs money fast

The inability of the Zimbabwe African National Union-Patriotic Front government to maintain sufficient levels of food production, energy and water supplies is a major problem for locals and...


Huawei in corruption probe

Telecoms equipment left unclaimed at the port leads to a government investigation into the Chinese company

Ethiopia has launched an investigation into the illegal import of US$13 million in telecommunications equipment in the name of Ethio Telecom by Huawei Technolgies. The inquiry will determine...


A new phase of China-Africa cooperation

Peace and security will move up the agenda

China’s Foreign Minister Wang Yi and his counterparts from 40 African governments came together for the Third Round of Political Consultations during the meeting of the United Nations...


China Kingho targets multiple projects

The privately-owned mining company is expanding its business activities to include mining, railway and electricity projects

China’s Kingho Energy has clinched an agreement with the Ministry of Energy for the construction of one thermal and three hydroelectric power plants in Sierra Leone. Minister of...


Wooing Juba

Talks about a loan worth US$1-2 billion and finance for mining and energy projects show the growing strength of relations

Diplomats from Beijing continue their courtship of the South Sudan government, with substantive talks about new billion-dollar loans and promises of Chinese diplomatic support. All this is intended...


Controversy over contracts

Irregularities in the award of multimillion-dollar telecommunications contracts to two Chinese companies lead to their cancellation


The titanium rush

The government has warned Chinese company Hong Ti Minerals to develop its mining project quickly as other Chinese firms join the hunt

Such is the competition for Mozambique’s mining permits that the government has threatened to revoke licences from companies that do not quickly develop their concessions. Mining legislation requires...


Concessions clear the way for Bong Mine

Activists won better terms for local communities from the Chinese investors in mine and railway works

Protestors celebrated a victory in September after China Union, Wuhan Iron and Steel Corporation and the China-Africa Development Bank agreed to employ more local people and do more...


CNPC suspended

Caught by a surprise inspection, the Chinese company that has worked in the Bongor Basin since 2007 faces huge financial and reputational losses

Chad has frozen the activities of China National Petroleum Corporation after inspectors found the company was dumping waste oil in holes dug in the ground in the Bongor...


Vicente and China Sonangol

A case brought against Vice-President Manuel Vicente accuses him of breaking the law through his continuing directorship at China Sonangol

Angola's Vice-President Manuel Domingos Vicente is facing demands for his impeachment, following revelations that he secretly renewed his official position on the board of China Sonangol International Holding,...


Beijing will connect your call

The government does not want to liberalise the telecommunications sector and has hired Chinese contractors to carry out much-needed improvements

On 18 August, the acting Chief Executive Officer of state-owned telecoms operator Ethio Telecom, Andualem Admassie, signed the second of two US$800 million deals that will drastically improve...


The numbers game

The government's White Paper on Africa reported that trade rose to a new record of US$198.5 bn. in 2012, but the report lacks the detail other governments provide

China’s trade and investment in Africa continues to rise rapidly since it became the continent’s largest trading partner in 2009, new Chinese government statistics show. On 29 August,...


Diminishing returns in Beijing

The President returned from his July trip with US$1.1 bn. in loans and promises of new projects – but it’s far less than the $3 bn. his goverment had targeted

President Goodluck Jonathan’s state visit to China delivered much-needed finance for infrastructure projects but the final amount was rather less than his officials had originally envisaged. Ahead of...

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How the big projects fell short

The promised deregulation of the refined petroleum market is just one reason for the investment delay

Political and financial concerns have stalled or forced the reformulation of many of the major projects trumpeted since 2008. Back in May 2010, the Nigeria National Petroleum Corporation...


Africa and the great Chinese slowdown

As Nigerian exporters have trouble selling crude in the United States because of the fracking revolution and South African economists study movements of China’s yuan for their impact on the rand, Africa’s economies are ever more strongly linked to Asia’s.

As Nigerian exporters have trouble selling crude in the United States because of the fracking revolution and South African economists study movements of China’s yuan for their impact...


Deals miss election deadline

The IMF sounded alarm bells over the sidelining of Finance Minister Coulibaly in late June after he opposed several rushed deals with Beijing

Uncertainty hangs over three controversial deals with China that President Dioncounda Traoré’s outgoing transitional government had hoped to conclude before the first round of national elections held on...


Intervention for the non-interventionists

They will not be involved in combat but Chinese troops will be joining the new peacekeeping force in Mali

China is sending troops to the new United Nations peacekeeping mission in Mali. The Ministry of Foreign Affairs announced in late June that it would dispatch its...


Billions for ADO

Beijing state banks to lend billions to Ouattara

In July, Development and Planning Minister Albert Mabri Toikeusse revealed that negotiations are under way between the Abidjan government and China’s state-run policy banks that will provide the...


    Vol 6 (AAC) No 10 |
  • CHINA

Meng Jianzhu

Secretary, Central Politics and Law Commission, CPC, China

With more Chinese nationals and businessmen in Africa than ever before, the Beijing government has much to do when it comes to protecting its citizens. After a wave...


Help for the East

With European security support to be reduced in 2015, Kinshasa is counting on China and India to help the UN mission and Congolese troops

India and China are offering to help President Joseph Kabila’s government secure its eastern borders following a series of bilateral meetings in June in Kinshasa. These offers follow...


Miners out but no funds in

Accra-Beijing relations are tested by growing concerns about illegal gold mining and a slowdown in finance for the Chinese-built gas plant

Ghana’s expulsion of some 200 Chinese accused of involvement in illegal gold mining and more delays in disbursements from the China Development Bank for the gas plant in...


Spotlight on Queensway Group

China International Fund's former parent company, Dayuan International Development, is ordered by a judge to hand over its books to a former director

A high-profile Hong Kong court case could reveal more details about the business dealings of the secretive China International Fund and China Sonangol. Nicknamed the ‘88 Queensway Group’...


Tax troubles but business buoyant

Despite the legal actions and environmental problems, relations between the governments of Gabon and China are still strong

Punitive action against a Chinese oil company following a tax dispute has not undercut Libreville-Beijing ties. Although the government revoked Sinopec-owned Addax Petroleum’s oil permit in Obangue in...


Pipeline and transparency protests

The details of contracts signed during President Xi Jinping's March visit – and their implications – are still filtering through

Major Chinese investments, such as the new US$10 billion port to be built north of Dar es Salaam in Bagamoyo, are raising concerns amongst both the opposition and...


Han Fang

President, Shanghai Chamber of Commerce in South Africa

Chinese entrepreneur Han Fang, new President of the Shanghai Chamber of Commerce in South Africa, moved to the country two decades ago and has since established a business...


Too great expectations

The Sicomines deposits contain smaller copper reserves than predicted and some detect deep problems in the partnership with China

In early May, Prime Minister Augustin Matata Ponyo Mapon sent shockwaves through Kinshasa when he told the United Nations-backed Radio Okapi that the partnership between Congo-Kinshasa and China...


Small beer from Beijing

Vice-President Wang Yang’s visit sees scrabbling state media rerun an old warning to Chinese companies from Prime Minister Tsvangirai

Zimbabwe's new constitution finally passed into law on 22 May and the way is now clear for elections. The Zimbabwe African National Union-Patriotic Front is pushing for the...


Doors opening

China’s Kingho Energy has big ideas for Sierra Leone, but such plans could go the way of many other ambitious investments. The US$6 billion agreement the company signed...


    Vol 6 (AAC) No 8 |
  • CHINA

Hu Huaibang

Chairman, China Development Bank

Hu Huaibang, outgoing Chairman of Shanghai-based Bank of Communications, replaced Chen Yuan as Chairman of China Development Bank in May. As of February, the CDB had...


    Vol 6 (AAC) No 8 |
  • CHINA

Li Baodong

Ambassador to the United Nations, China

Li Baodong called on Western countries to help African governments strengthen the institutions that are designed to fight terrorism. He told the Xinhua Chinese news agency in May...


Reality replaces Sata’s rhetoric

On President Sata’s inaugural trip to China, Beijing’s former critic welcomed Chinese investment as long as it produces clear benefits for Zambia

In opposition, he lambasted the role of Chinese companies in the Zambian economy, but President Michael Chilufya Sata’s April state visit to China marked a point of closure...


Kasai mines go to Anhui

The Chinese company that works with the Zimbabwean government in the controversial Marange fields has signed a major deal with Kinshasa

Thanks to a contract signed in Kinshasa on 18 March by Anhui Foreign Economic Construction Corporation’s Vice-President Bai Ziangqian, State Assets Minister Louise Munga Mesozi and Mines Minister...


Crackdown on illegal miners

Gun battles, environmental degradation and tensions with local communities force the government to take a tough stance on illegal Chinese miners

The Ghana Immigration Service is to tighten up security at the country’s borders to stop the illegal entry of Chinese artisanal and small-scale miners (ASMs). Police Commissioner Peter...


Sinopec strike

Sinopec, the lead contractor on Ghana’s US$850 million gas project, halted work on 30 April citing payment delays and disputes with Ghana National Gas Company (GNGC).


Lu’s broadside at Western policy

China’s top Africa policymaker, Lu Shaye, took to the pages of the officially sanctioned China International Studies in March to slam the interventions by Western governments in Central...


Financing deals finally take off

More eye-catching Chinese loans to South Sudan hit the headlines in April, as did more uncertainty about what exactly has been agreed. A year to the day since...


One-horse race

The government cancelled the bidding for Uganda’s biggest hydropower project, the Karuma Falls Dam, pending a procurement review, after the selected bidder lied to the Ministry of Energy.


    Vol 6 (AAC) No 7 |
  • CHINA

Jin-Yong Cai

Chief Executive, International Finance Corporation

Jin-Yong Cai, Executive Vice-President and Chief Executive Officer of the International Finance Corporation, wants the IFC to source more private-sector funding for infrastructure projects in sub-Saharan Africa.


Triangular relations

China may be a weapon which Khartoum and Juba use in their conflicts but oil interests lock all three parties into a triangular relationship

On 15 March, President Omer Hassan Ahmed el Beshir sent a message of congratulations to China’s new President Xi Jinping and Prime Minister Li Keqiang, who officially assumed...


Simandou setbacks

The Simandou project, which will develop Africa’s largest-ever iron-ore mine, has hit new trouble and Guinea looks for more help from Asia

On 15 March, Guinean President Alpha Condé sent a message of congratulations to China’s new leader, Xi Jinping. Apparently, the President had not yet fully digested the bad...


Missing money

The political class is up in arms about the local authorities who are responsible for spending development funds from mining companies

A Liberian politician has accused a presidential appointee – who secretly recorded him making comments suggestive of corruption – of misappropriating government funds. Representative Edward Forh of the...


Ups and downs in palm oil

China Development Bank is lending a hand to the agricultural investment plans of Golden Veroleum, controlled by Singapore-based Golden Agri-Resources. In March, the CDB extended a US$500-million loan...


Experts only rule for work permits

The SWAPO government has turned down a request from a Chinese state-backed company for unlimited numbers of work permits. Eastern China Non-Ferrous Metals Investment Holding (ECE) is developing...


Workers of China unite – in Africa

Trades unions may still have problems operating independently in China but Chinese workers and entrepreneurs are more ready to take industrial action on African projects.


Fametal, SOKIMO and Ituri’s gold

Despite its troubles with the Congolese authorities last year, the Chinese group Fametal has now established a dominant position in Ituri’s gold belt. In March, Fametal President Wang...


Hanlong misses the Sundance deal deadline

One of the longest and most problematic Chinese takeover sagas is finally drawing to a sorry end for Sichuan-based Hanlong Mining and Australia’s Sundance Resources. The main attraction...


Extractive pains

Addax Petroleum, the Swiss-based oil company acquired by China’s Sinopec in August 2009, is the latest firm to enter into a dispute with Gabon as President Ali Bongo...


Negotiating African risk

After underestimating the challenges facing their African investments, Chinese companies are looking for new ways to protect their projects and personnel

'China wholeheartedly welcomed by Africa,’ crowed the state-owned China Daily on 5 March. Yet China’s ever-growing relations with the continent face a complex environment of political and economic...


Collum Coal Mine takeover

The government finally takes action on the problems besetting the Chinese-owned mine – just after announcing Sata’s first official visit to Beijing

After declining previous invitations, on 15 February President Michael Chilufya Sata announced his maiden trip to China would finally take place in April. China has invited the President...


Khama talks tough

Chinese construction companies may lose out on future government contracts after problems at the Morupule B power plant

In the last few years, Chinese builders have won contracts for more than 18 government-funded infrastructure projects for roads, stadiums‚ schools‚ hospitals‚ airports and public buildings in Botswana....


Murky glass houses

President Ian Khama has been slow to stamp out shadowy deals between Chinese investors and government institutions, in particular the murky business of the 500 million pula (US$62...


Chinese investment reality check

The United States Government Accountability Office released a detailed report last month, which reveals the different impacts of its African strategies and those of China. Interestingly, the GAO’s...


Private companies under the radar

Official Chinese statistics vastly underestimate the number and value of private Chinese investments in Africa, according to a recent World Bank report. Private Chinese Investment in Africa: Myths...


Red carpets and yellow cake

Uranium-rich Namibia is still rolling out the red carpet for Chinese mining and exploration firms. Back in January, it was announced that Zhonghe Resources (Namibia) Development had received...


Gao Jianke

CEO, Wesizwe Platinum, South Africa

Gao Jianke revealed in late January that Wesizwe Platinum had received a US$650 million loan from the China Development Bank for the expansion of the Bakubung mining project,...


China Union angers locals and workers

China Union is embroiled in land-rights disputes as it struggles to rehabilitate the Bong iron-ore mines and begin exports (China Union under fire in Bong County). In 2009,...


Learning from the East

The World Bank is working with the government so that Addis Ababa can repeat the successful growth model of its Asian trading partner

In December 2012, the World Bank published an in-depth study of Chinese investors in Ethiopia. Based on interviews with the executives of 69 companies operating there, the study...


Raw deals for Windhoek

The government is re-evaluating several Chinese deals, suggesting that Windhoek is now taking a less optimistic view of its partners in Beijing

The once-ardent relationship between Namibia and China appears to be cooling. Over the past six months, the Windhoek government has cancelled two tenders, amounting to about US$500 million,...


Costly deals and close relations

Namibia is dragging its heels with two other state-owned Chinese companies (see Raw deals for Windhoek), China Gezhouba Group (CGG) and China National Machinery and Engineering Corporation (CMEC),...


Victory for local fishermen

A US$100 million investment in Mauritania is in the balance after the Nouakchott authorities suspended a contract with a Chinese fishery. Officials from the Ministry of Fishing and...


Sanusi's message from Davos

Central Bank of Nigeria Governor Lamido Sanusi took to the stage at the World Economic Forum (23-27 January) in Davos, Switzerland, to argue that Africa’s relationship with China...


Rotten timber trade

Chinese businesses use personal ties to Mozambican politicians and officials to run a network of illegal timber exports that mask the environmental impact of logging. So concludes the...


Year of the Snake

Demand for natural resources will ease as China focuses more on internal politics while moving towards consumer-led growth and management of political risk

The year 2012 was a tumultuous one, as might be expected from a Year of the Dragon. However, while the run-up to the Chinese leadership transition was nothing...


    Vol 6 (AAC) No 3 |
  • CHINA

Chinese companies look for cheaper assets

The pace of multibillion dollar Chinese deals seems to have slowed after the stalled US$23 billion refinery investment in Nigeria in 2010 and the Sicomines joint venture deal...


Displaying 83 results from 2013 (out of 496 total).