Vol 2 (AAC) No 12 | TANZANIASOUTH KOREA The next great land sale 19th October 2009 Seoul is trying to buy into Tanzania's farm sector shortly after Daewoo precipitated a political confrontation over the same issue in Madagascar South Korea is desperately trying to manage the political fallout as it negotiates the acquisition of 100,000 hectares of farmland with the Tanzanian government. It is trying to avoid a...
Vol 2 (AAC) No 12 | ETHIOPIACHINA Power surge in Addis 19th October 2009 The Ethiopian government is launching one of Africa's most ambitious cooperation programmes with China to build several new power stations Ethiopia has signed contracts with Chinese construction companies to build two huge dams as part of a US$12 billion, 25-year Power Sector Master Plan to harness the country's hydropower potential. It...
Vol 2 (AAC) No 12 | CHINA Zhao Jianping 19th October 2009 Chairman, China-Africa Development Fund China Development Bank Vice-Governor Zhao Jianping has taken the reins of the China-Africa Development Fund from CDB colleague Gao Jian. Zhao's career is marginally more cosmopolitan than that of the man...
Vol 2 (AAC) No 12 | TAIWAN Chin-tien (Timothy) Yang 19th October 2009 Minister of Foreign Affairs, Taiwan One of the Taiwan's most experienced Africanist diplomats now appointed as Foreign Minister, Chin-tien (Timothy) Yang keeps carefully to the new script which paradoxically downplays the importance of Taipei's African allies....
Vol 2 (AAC) No 12 | INDIA Shashi Tharoor 19th October 2009 Former Minister of State, External Affairs, India Appointed as Minister of State for External Affairs for Africa, Latin America and the Middle East, Shashi Tharoor brings his experience in the United Nations to the post. As a...
Vol 2 (AAC) No 12 | VIETNAM Phung Dinh Thuc 19th October 2009 President and CEO, Petrovietnam The new president of Vietnam's state oil monopoly is increasingly looking overseas to shore up the country's reserves. Phung Dinh Thuc is a Soviet-trained engineer with a long career at Vietnam...
Vol 2 (AAC) No 11 | ANGOLACHINA Luanda diversifies its portfolio 22nd September 2009 A weak economy drives Angola into the arms of the IMF as Luanda's elite works more closely with their Chinese counterparts in local and regional deals China's relations with Angola suffered a setback this month when Luanda turned down the acquisition by China National Offshore Oil Corporation and Sinopec of a coveted oil block. Worse, lower than...
Vol 2 (AAC) No 11 | ANGOLACHINA The Luanda-Beijing axis targets Guinea 22nd September 2009 Guinea's military ruler Moussa Dadis Camara set up a commission on 28 August to manage a planned US$1.6 billion investment from the China International Fund. The CIF is 70% owned...
Vol 2 (AAC) No 11 | INDIAAFRICA Telecoms domination in three fell swoops 22nd September 2009 Financial and communication technology are powering major Indian deals Untitled Document Indian companies are behind three now somewhat troubled bids to take over the choicest assets in the African telecoms business: Bharti's US$23 billion merger with MTN, Essar's takeover of...
Vol 2 (AAC) No 11 | SUDANCHINA The oil revenue row 22nd September 2009 Scrutiny of oil figures from CNPC suggests that the Khartoum government has been cheating the South of substantial revenues Beijing faces a new round of criticism over its heavy investments in Sudan's oil business following the publication of a report by British lobbyists Global Witness(1) on 7 September pointing to...