Vol 7 (AAC) No 2 | CHINAAFRICA A trillion-dollar promise 29th November 2013 Chinese officials are still bullish about Africa but the IMF worries that the continent’s export growth will weaken as investment in China drops off Despite talk of slower growth and less investment in China over the medium term, Chief Country Risk Analyst at the Export-Import Bank of China Zhao Changhui predicts that...
Vol 7 (AAC) No 2 | CHINAAFRICAFORESTRY Talks on illegal timber 20th November 2013 China, the largest buyer of illegal timber, is working with the European Union and African governments to improve the global forestry trade Governments from three continents have launched an unprecedented cooperative effort against the illegal forestry trade in Africa. Officials from Africa, Asia and Europe discussed ways to crack down...
Vol 7 (AAC) No 2 | NIGERIACHINA Construction boom ahead 30th November 2013 Nigeria's state-backed mortgage provider FMBN is in talks with two Chinese financial institutions about a US$6 bn. loan for new housing With the national population reaching 174 million this year, the the Federal Mortgage Bank of Nigeria estimates the housing deficit at 17 mn. units. However, talks led by...
Vol 7 (AAC) No 2 | CHINAFRANCEAFRICA Africa is our future 30th November 2013 With conflicting strategies pulling France in different directions, two senators map out a plan for cooperation with China in Africa In a policy paper entitled L’Afrique est Notre Avenir (Africa is Our Future), the Senate sought to lay out France’s Africa policy and respond to China’s growing influence...
Vol 7 (AAC) No 2 | CONGO-KINSHASACHINAFOOTBALL Football fever 30th November 2013 Congo-Kinshasa wants to host major football tournaments and China is helping to prepare the country's mostly dilapidated stadiums Congo-Kinshasa is bidding to host the 2019 African Cup of Nations, the continent’s most important football tournament. The Kinshasa government is counting on China’s help to win that...
Vol 7 (AAC) No 2 | CHINA Dai Zhikang 30th November 2013 Chairman, Shanghai Zendai Property, China The Hong Kong-listed property developer announced in November an investment of about US$8 billion to transform the Modderfontein suburb of Johannesburg, South Africa, into a metropolis to rival...
Vol 7 (AAC) No 2 | SÃO TOMÉ & PRÍNCIPECHINATAIWAN Move closer 30th November 2013 After allowing China to open a trade office in November, São Tomé is fending off claims that it may abandon Taiwan, its diplomatic ally Prime Minister Gabriel Costa is walking a fine line by encouraging investment from both China and Taiwan. Chinese oil companies play a crucial role in oil exploration, but...
Vol 7 (AAC) No 2 | SÃO TOMÉ & PRÍNCIPECHINA Ins and outs of the oil companies 30th November 2013 São Tomé e Príncipe’s Agência Nacional do Petróleo signed a production-sharing contract with the Hong Kong-registered private oil company Sinoangol for Block 2 in its Exclusive Economic Zone...
Vol 7 (AAC) No 1 | CHINAAFRICA Africa gets into the driving seat 4th November 2013 Governments are negotiating much more robustly with Chinese companies and cancelling those contracts they judge to be poor value It had seemed that the big-ticket investors in African countries sponsored by China would be free to run rough-shod over investment and other legislation, given the fervour with... READ FOR FREE
Vol 7 (AAC) No 1 | GUINEACHINA New plans for Simandou 4th November 2013 After China Power's alumina refinery deal in September, Chinalco and Rio Tinto plan to start production at the giant iron-ore mine China Power Investment, which plans to build an alumina refinery at Boffa in western Guinea, is on the verge of succeeding where many other companies have failed or...