Vol 6 (AAC) No 5 | SOUTH KOREA Lee Suk-chae 7th March 2013 CEO, KT Corp, South Korea In early February, Lee Suk-chae, Chief Executive of South Korean telecommunications firm KT (formerly Korea Telecom), indicated that he would be bidding for the 53% stake in Maroc...
Vol 6 (AAC) No 5 | INDIA Prasun Kumar Mukherjee 7th March 2013 Managing Director, Sesa Goa, India Prasun Kumar Mukherjee, Managing Director of Sesa Goa, India’s largest private iron-ore exporter, has announced that his firm will invest US$2.6 billion in the development of three Liberian...
Vol 6 (AAC) No 5 | SOUTH AFRICACHINA Gao Jianke 7th March 2013 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 | LIBERIACHINA China Union angers locals and workers 11th February 2013 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 | ETHIOPIACHINA Learning from the East 11th February 2013 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 | NAMIBIACHINA Raw deals for Windhoek 11th February 2013 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 | NAMIBIACHINA Costly deals and close relations 11th February 2013 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 | MAURITANIACHINA Victory for local fishermen 11th February 2013 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 | CAMEROONVIETNAM Trouble on the line 11th February 2013 Technologie et Système d’Information/Korea Telelcom of South Korea has cried foul after Vietnam’s Viettel won Cameroon’s third mobile telephone licence in December 2012. TSI/KT claims that the tender...
Vol 6 (AAC) No 4 | NIGERIACHINA Sanusi's message from Davos 11th February 2013 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...