Vol 5 (AAC) No 11 | SINGAPORE Kuok Khoon Hong 3rd September 2012 Chairman and CEO, Wilmar International, Singapore The head of Wilmar International, the world's largest palm oil producer, has pinned the future of his company on African growth. At an August results announcement, Kuok Khoon Hong,...
Vol 5 (AAC) No 10 | CHINAAFRICA FOCAC V brings billions more 31st July 2012 Talk of a ‘new type of partnership’ was overblown, but Beijing pledged $20 bn. and took first steps toward improving corporate and environmental regulations With a crucial leadership handover at the end of the year and growing domestic economic concerns, Beijing hosted the Fifth Forum on China-Africa Cooperation on 19-20 July with the ...
Vol 5 (AAC) No 10 | CHINAAFRICA Big promises abroad, more worries at home 31st July 2012 In July, the International Monetary Fund and World Bank cut growth estimates for China and its African trading partners. The IMF forecast that China’s gross domestic product would ...
Vol 5 (AAC) No 10 | MAURITIUSINDIA To save a treaty 31st July 2012 Pressure mounts again on the treaty that allows funds to transit untaxed through Mauritius and into India’s markets Mauritius and India are gearing up for another confrontation over the 1983 Double Taxation Avoidance Agreement. The DTAA allows Indian investors to avoid paying tax by funnelling t...
Vol 5 (AAC) No 10 | GUINEACHINA Condé’s great giveaway 31st July 2012 A government partner is handing over major stakes in the Simandou contracts to Chinese state-owned firms Despite support from groups like George Soros’s Open Society Institute, President Alpha Condé’s government persists in striking troublesome mining deals. The government and the Afr...
Vol 5 (AAC) No 10 | ZIMBABWEINDIA Missing the sparklers 31st July 2012 Disappearing diamond revenue is slowing economic growth and enriching illicit networks at the interstices of India-Zimbabwe trade Disappointing diamond revenues and other factors forced Finance Minister Tendai Biti to slash predictions for Zimbabwe’s gross domestic product growth in 2012 from the expected 9.4...
Vol 5 (AAC) No 10 | ZIMBABWEINDIA No retail therapy here 31st July 2012 Since he was widowed in March 2009, Movement for Democratic Change (MDC) leader Morgan Tsvangirai has been involved in a series of romantic escapades that have drawn ribald commen...
Vol 5 (AAC) No 10 | INDIAAFRICABRIEFING New Delhi’s Development partnerships 31st July 2012 Indian policy-makers are getting more serious about the effective delivery of aid to their diplomatic allies. New Delhi lags far behind its Asian counterparts in speed of despatch,...
Vol 5 (AAC) No 10 | CAMEROONCHINABRIEFING Contracts and complaints 31st July 2012 Amid unprecedented criticism from the European Union and strikes on several worksites, Chinese companies are having a rough time in Cameroon. With Hanlong Mining’s backing of the M...
Vol 5 (AAC) No 10 | NIGERCHINABRIEFING It’s only just begun 31st July 2012 Ahead of the Fifth Forum on China-Africa Cooperation (FOCAC V) in Beijing on 19-20 July, President Mahamadou Issoufou declared that Niger’s cooperation with China on natural reso...