Vol 2 (AAC) No 8 | CÔTE D'IVOIRECHINA As sweet as chocolate 26th June 2009 Despite questions about elections and stability, Chinese companies are streaming in Western investors are waiting around on the sidelines, nervous that the outcome of Côte d'Ivoire's elections, scheduled for 29 November, may bring more instability, but Chinese investors are heading straight for...
Vol 2 (AAC) No 8 | CHINAAFRICABRIEFING Minerals meltdown 26th June 2009 China is taking advantage of the global economic crisis to restructure its mining industry. A 4 trillion renminbi (US$586 billion) stimulus plan, announced late last year, encompasses sector-specific reform measures put...
Vol 2 (AAC) No 8 | MOZAMBIQUECHINABRIEFING Billions for all 26th June 2009 The list of countries with multibillion-dollar, Chinese-backed projects is growing longer, with Mozambique the latest country to receive a golden handshake. In late May, China Exim Bank announced US$2.3 billion in...
Vol 2 (AAC) No 8 | CHINAAFRICABRIEFING Leaky dam builders 26th June 2009 While China's leading dam-builder Sinohydro was busy dealing with complaints from Western non-governmental organisations about its refusal to engage with local populations, an East African NGO shut down one of Sinohydro's...
Vol 2 (AAC) No 8 | CHINAAFRICABRIEFING ICBC's toe in African waters 26th June 2009 The October 2007 merger between the Industrial and Commercial Bank of China, the world's largest bank, and Standard Bank, South Africa's largest, is finally showing its potential. After a lacklustre start,...
Vol 2 (AAC) No 8 | INDIA R.S. Sharma 26th June 2009 Chairman and Managing Director, Oil and Natural Gas Corporation, India R.S. Sharma has the top job at India's Oil and Natural Gas Corporation (ONGC), a state-owned company with a growing global agenda. Market capitalisation makes ONGC India's second-largest company, trailing Reliance...
Vol 2 (AAC) No 8 | VIETNAM Nong Duc Manh 26th June 2009 General Secretary, Communist Party of Vietnam (CPV) Its revolutionary days are long over and CPV General Secretary Nong Duc Manh leads an outward-looking Vietnam committed to multilateral diplomacy, which this year has taken steps to mend relationships (and...
Vol 2 (AAC) No 8 | MALAYSIA Musa Hitam 26th June 2009 Chairman, Sime Darby, Malaysia Malaysia's Sime Darby has signed a US$800 million deal securing a 63-year concession to 220,000 hectares in Liberia that include the troubled Guthrie Rubber Plantations. Sime Darby, a government-controlled plantation operator,...
Vol 2 (AAC) No 8 | CHINA Zhang Ming 26th June 2009 Director General of African Affairs, Ministry of Foreign Affairs, China Zhang Ming rose to his position through the West Asia and North Africa Department of China's Foreign Affairs Ministry, which he joined in the early 1980s. Postings at the embassies in...
Vol 2 (AAC) No 7 | ZAMBIACHINAINDIA A shake-out after the crash 22nd May 2009 China and India want to snap up assets as metal markets hit the floor and the mining houses sack workers Western mining houses are pulling out of Zambia due to the copper price slump, leaving Chinese and Indian investors to battle over the abandoned assets. As the copper price crashed...