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....
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 billio...
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 Septem...
Vol 2 (AAC) No 11 | JAPANAFRICA Africa slips down the foreign policy agenda 22nd September 2009 After its regime change, Tokyo will focus more on China and the USA and begin a cost-cutting review of its Africa and development policy initiatives Tokyo's pledges to double aid to Africa and offer US$4 billion in concessional loans are in question following the landslide election of the Democratic Party of Japan on 30 Augus...
Vol 2 (AAC) No 11 | CHINAAFRICABRIEFING Financial follow-through 22nd September 2009 Aggressive investment by the China Investment Corporation, which manages nearly US$300 billion of Beijing's $2.1 trillion in foreign reserves, is leading to a boom in Africa-focuse...
Vol 2 (AAC) No 11 | NAMIBIAINDIABRIEFING Nuclear-fuelled relations 22nd September 2009 New Delhi made one of its most important energy and resource deals in Africa on 31 August, signing an accord with the Namibian government to allow for trade in uranium to supply In...
Vol 2 (AAC) No 11 | CONGO-KINSHASASOUTH KOREABRIEFING The great South Korean commercial offensive 22nd September 2009 The latest result of the close ties between Kinshasa and Seoul was revealed on 8 September by Générose Lushiku, Congo-Kinshasa's Minister of Urbanism and Habitat, who announced tha...
Vol 2 (AAC) No 11 | GHANACHINABRIEFING An oil barter rescue 22nd September 2009 Oil industry officials in Accra are linking Finance Minister Kwabena Duffuor's 18 September statement that Ghana had applied for a US$2 billion concessional loan from China to Bei...