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Published 1st September 2010

Vol 3 (AAC) No 11


Ghana

Lining up for Jubilee

Image courtesy of Panos Pictures
Image courtesy of Panos Pictures

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Asia's big oil companies, backed by their governments, are outbidding their Western rivals

President John Evans Atta Mills, his government and the Ghana National Petroleum Corporation are entertaining offers for cooperation and a stake in the Jubilee oil field from all over Asia. Since ExxonMobil's US$4 billon offer for Kosmos Energy's 23.5% stake in the Jubilee field was rejected last month (AC Vol 51 No 17), Asian national oil companies have been doing the rounds in Accra, all aiming to become GNPC's financier and operating partner. Kosmos, however, is contemplating a listing of its shares as an alternate way to go ahead with the project.


Relations have never been better

If only half of the recent deals signed by China and South Africa come to fruition, they promise to revolutionise Africa's biggest economy

From energy and construction to transport and agriculture, President Jacob Zuma's 23-26 August trip to China has garnered billions of dollars in potential investments across the ec...


In the BRIC of it

President Jacob Zuma's August trip to China completed the final stage of his tour this year of the BRIC - Brazil, Russia, India and China - economies. The aim is to win investments...


Aiming high

China will soon surge ahead to become Congo's leading partner but not before sorting out employment and artisanal mining issues

Congo-Kinshasa will outstrip its rivals over the next two years to become the world's second largest copper producer (behind Chile), with a total annual production of 1.94 million ...


Downtown crackdown

The National Indigenisation and Economic Empowerment Board, whose mandate is to ensure that 51% of the economy is indigenised by 2015, is swinging into action. David Chapfika, the ...


China weighs its options

Whatever the outcome of next January's referendum on Southern independence, China wants its oil to keep flowing

Beijing hopes that business and non-interference will win the day in Sudan. Liu Guijin, China's highest-ranking Africa envoy, told Africa-Asia Confidential that in Sudan China's 'o...


Friends and competitors

Vietnam hosted its second African investment forum on 17-19 August in Hanoi with the theme 'Vietnam-Africa: Cooperation for Sustainable Development'. Attended by delegates from 30 ...


Seoul's modest but steady progress

South Korea cannot match the deals made by China nor can it provide the same levels of aid as countries in North America and Europe. Still, that does not stop it from carving out...



Pointers

Felix Mutati

Minister of Commerce, Trade and Industry, Zambia

For companies eager to secure a share of the wealth in Zambia's mines, a call on Felix Mutati is obligatory. Mutati oversees much of the investment that drives Zambia's mineral-d...


Chun Seung-hun

President, Korea Institute for Development Strategy

South Korea has come late to the African party. Seoul's anxiety to match Japan, China and India's engagement with the continent has seen it emulate many of their multilateral de...


Osamu Fujimura

Secretary of State for Foreign Affairs, Japan

Since taking power in 2009, the Democratic Party of Japan (DPJ) has struggled to distinguish itself from its long-ruling predecessor and turn around Japan's economy. In African r...


Liu Yuhe

China's Ambassador to Algeria

China has diverse commercial and political interests in Algeria, leaving Ambassador Liu Yuhe with plenty to do. Investigations into the US$12 billion East-West Highway project, i...