Vol 3 (AAC) No 10 | GHANASOUTH KOREA Scepticism grows over STX houses 17th August 2010 A feistier opposition in Parliament demands more scrutiny on Seoul's multibillion-dollar housing deal Members of Ghana's opposition are demanding more due diligence on the government's US$1.5 billion housing deal.
Vol 3 (AAC) No 8 | SOUTH KOREAAFRICA Out of the starting blocks 17th June 2010 On 24 May, Seoul’s Strategy and Finance Ministry identified Algeria, Ethiopia, Congo-Kinshasa, South Africa and Tanzania as ‘strategically important’ countries in its economic coop...
Vol 3 (AAC) No 7 | GHANASOUTH KOREA Building on oil money 20th May 2010 The US$10 billion STX housing deal gets its first hearing in Parliament just as the government prepares to borrow $1.5 bn. in future oil revenues The Ghanaian government is proposing to put up US$1.5 billion of its future oil revenues to finance the first phase of a controversial housing project with the South Korean const...
Vol 3 (AAC) No 6 | CONGO-KINSHASACHINASOUTH KOREA More multibillion mining contracts for Kinshasa 22nd April 2010 President Kabila’s trip to Seoul yields another multibillion-dollar mining deal just as a midway review of China’s US$6 bn. contract is completed Five years after his first official visit, President Joseph Kabila returned to South Korea on 29-30 March. Two protocols were agreed. The first accord seeks to replicate China’s U...
Vol 3 (AAC) No 6 | SOUTH KOREA Lee Myung-bak 22nd April 2010 President, South Korea Lee Myung-bak has kept Africa high on his agenda and has continued his predecessor’s Africa-friendly policies. A second Korea-Africa Economic Cooperation Conference was held in 200...
Vol 3 (AAC) No 4 | SOUTH KOREA Kim Hyong-o 12th February 2010 National Assembly Speaker, South Korea The January trip to North Africa of South Korea’s Kim Hyong-o served two main objectives – to promote trade and to lay the groundwork for a non-permanent seat on the United Nations...
Vol 3 (AAC) No 3 | SOUTH KOREA Shin Kak-soo 15th January 2010 Deputy Minister for Foreign Affairs, South Korea Under President Lee Myung-bak, South Korea is devoting more attention to Africa. In 2009, Lee pledged to double aid to Africa to US$200 million. Shortly after, Seoul hosted its sec...
Vol 3 (AAC) No 2 | GHANASOUTH KOREA Mortgages and minerals 15th December 2009 A Korean construction company has sealed a huge contract to build houses with Ghana's government in a new twist on resource trades Accra is leading the way forward on housing development, bringing in South Korean company STX Group to build 200,000 housing units over the next five years at a cost of US$10 bil...
Vol 3 (AAC) No 2 | NIGERIAINDIASOUTH KOREA It's not over until it's over 15th December 2009 After winning back its oil acreage, South Korea offers pipelines, a power station and negotiations with its commercial rivals After winning a court battle over the Nigerian government's attempt to cancel its oil production licences, South Korea's Korea National Oil Corporation is offering to finance bil...
Vol 3 (AAC) No 2 | NIGERIASOUTH KOREA A useful deal in the Delta 15th December 2009 South Korea's state-run Land and Housing Corporation is offering investments and technical cooperation in the oil-rich Niger Delta, a move that might help the ambitions of Seoul'...
