Vol 7 (AAC) No 2 |
- CHINA
- AFRICA
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...
Vol 7 (AAC) No 2 |
- CHINA
- AFRICA
- FORESTRY
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...
Vol 7 (AAC) No 2 |
- NIGERIA
- CHINA
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...
Vol 7 (AAC) No 2 |
- CHINA
- FRANCE
- AFRICA
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...
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...
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...
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...
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...
Vol 7 (AAC) No 1 |
- CHINA
- AFRICA
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...
READ FOR FREE
Vol 7 (AAC) No 1 |
- GUINEA
- CHINA
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...
Vol 7 (AAC) No 1 |
- CHINA
- AFRICA
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...
Vol 7 (AAC) No 1 |
- CHINA
- AFRICA
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...
Vol 7 (AAC) No 1 |
- ZIMBABWE
- CHINA
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...
Vol 7 (AAC) No 1 |
- ETHIOPIA
- CHINA
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...
Vol 7 (AAC) No 1 |
- CHINA
- AFRICA
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...
Vol 7 (AAC) No 1 |
- SIERRA LEONE
- CHINA
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...
Vol 6 (AAC) No 12 |
- SOUTH SUDAN
- CHINA
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...
Vol 6 (AAC) No 12 |
- ZAMBIA
- CHINA
Irregularities in the award of multimillion-dollar telecommunications contracts to two Chinese companies lead to their cancellation
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...
Vol 6 (AAC) No 12 |
- LIBERIA
- CHINA
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...
Vol 6 (AAC) No 11 |
- CHAD
- CHINA
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...
Vol 6 (AAC) No 11 |
- ANGOLA
- CHINA
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,...
Vol 6 (AAC) No 11 |
- ETHIOPIA
- CHINA
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...
Vol 6 (AAC) No 11 |
- CHINA
- AFRICA
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,...
Vol 6 (AAC) No 10 |
- NIGERIA
- CHINA
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...
READ FOR FREE
Vol 6 (AAC) No 10 |
- NIGERIA
- CHINA
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...
Vol 6 (AAC) No 10 |
- CHINA
- AFRICA
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...
Vol 6 (AAC) No 10 |
- MALI
- CHINA
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...
Vol 6 (AAC) No 10 |
- MALI
- CHINA
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...
Vol 6 (AAC) No 10 |
- SIERRA LEONE
- CHINA
President Koroma wants more investments from China and Kingho is ready to go
Chinese companies, both private and state-owned, are set to carve out major stakes in Sierra Leone’s economy. Sierra Leonean President Ernest Bai Koroma ended a six-day trip to...
Vol 6 (AAC) No 10 |
- CÔTE D'IVOIRE
- CHINA
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
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...
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...
Vol 6 (AAC) No 9 |
- GHANA
- CHINA
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...
Vol 6 (AAC) No 9 |
- CHINA
- AFRICA
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’...
Vol 6 (AAC) No 9 |
- GABON
- CHINA
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...
Vol 6 (AAC) No 9 |
- TANZANIA
- CHINA
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...
Vol 6 (AAC) No 9 |
- SOUTH AFRICA
- CHINA
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...
Vol 6 (AAC) No 8 |
- CONGO-KINSHASA
- CHINA
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...
Vol 6 (AAC) No 8 |
- ZIMBABWE
- CHINA
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...
Vol 6 (AAC) No 8 |
- SIERRA LEONE
- CHINA
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...
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...
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...
Vol 6 (AAC) No 7 |
- ZAMBIA
- CHINA
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...
Vol 6 (AAC) No 7 |
- ZAMBIA
- CHINA
In April, Zambian President Michael Chilufya Sata was in China praising the Beijing government. Vice-President Guy Scott was doing much the same thing in mid-March – but at...
Vol 6 (AAC) No 7 |
- CONGO-KINSHASA
- CHINA
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...
Vol 6 (AAC) No 7 |
- GHANA
- CHINA
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...
Vol 6 (AAC) No 7 |
- GHANA
- CHINA
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).
Vol 6 (AAC) No 7 |
- CHINA
- AFRICA
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...
Vol 6 (AAC) No 7 |
- SOUTH SUDAN
- CHINA
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...
Vol 6 (AAC) No 7 |
- UGANDA
- CHINA
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.
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.
Vol 6 (AAC) No 6 |
- CHINA
- AFRICA
New Chinese President Xi Jinping travelled to the BRICS summit in Durban, South Africa, via Tanzania, one of Beijing’s closest partners on the continent. His consistent message was...
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...
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...
Vol 6 (AAC) No 6 |
- GUINEA
- CHINA
Guinea’s former National Director of Large Mining Projects, Tidiane Diallo has been sidelined by President Alpha Condé and problems are now besetting the most advanced Chinese mining project...
Vol 6 (AAC) No 6 |
- LIBERIA
- CHINA
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...
Vol 6 (AAC) No 6 |
- LIBERIA
- CHINA
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...
Vol 6 (AAC) No 6 |
- NAMIBIA
- CHINA
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...
Vol 6 (AAC) No 6 |
- CHINA
- 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.
Vol 6 (AAC) No 6 |
- CONGO-KINSHASA
- CHINA
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...
Vol 6 (AAC) No 6 |
- CAMEROON
- CHINA
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...
Vol 6 (AAC) No 6 |
- GABON
- CHINA
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...
Vol 6 (AAC) No 5 |
- CHINA
- AFRICA
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...
Vol 6 (AAC) No 5 |
- CHINA
- AFRICA
The fall of Libya’s Moammar el Gaddafi was a wake-up call both for Beijing and for Chinese companies operating in high-risk environments. While the Chinese were not the...
Vol 6 (AAC) No 5 |
- ZAMBIA
- CHINA
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...
Vol 6 (AAC) No 5 |
- ZAMBIA
- CHINA
According to a mining industry expert, much has changed since the September 2011 election of President Michael Sata and the Patriotic Front government. ‘Under the MMD [Movement for...
Vol 6 (AAC) No 5 |
- BOTSWANA
- CHINA
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....
Vol 6 (AAC) No 5 |
- BOTSWANA
- CHINA
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...
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...
Vol 6 (AAC) No 5 |
- CHINA
- AFRICA
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...
Vol 6 (AAC) No 5 |
- CONGO-KINSHASA
- CHINA
Sticking to the plan that he set out on taking the helm at Gécamines in 2011, Chief Executive Officer Albert Yuma Mulimbi travelled to China in February to...
Vol 6 (AAC) No 5 |
- NAMIBIA
- CHINA
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...
Vol 6 (AAC) No 5 |
- SOUTH AFRICA
- CHINA
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,...
Vol 6 (AAC) No 4 |
- LIBERIA
- CHINA
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,...
Vol 6 (AAC) No 4 |
- ETHIOPIA
- CHINA
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...
Vol 6 (AAC) No 4 |
- NAMIBIA
- CHINA
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,...
Vol 6 (AAC) No 4 |
- NAMIBIA
- CHINA
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),...
Vol 6 (AAC) No 4 |
- MAURITANIA
- CHINA
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...
Vol 6 (AAC) No 4 |
- NIGERIA
- CHINA
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...
Vol 6 (AAC) No 4 |
- MOZAMBIQUE
- CHINA
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...
Vol 6 (AAC) No 3 |
- CHINA
- AFRICA
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...
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...