Vol 3 (AAC) No 7 | CHINAAFRICA CIF, Beijing’s stalking horse 20th May 2010 Beijing’s relationship with the China International Fund is much clearer than it likes to admit. When the Hong Kong-registered CIF signed multibillion-dollar deals with pariah regi...
Vol 3 (AAC) No 7 | ZAMBIACHINA Beijing digs deeper into Zambian mines 20th May 2010 Oppositionist Michael Sata’s rhetoric against China is not slowing down Chinese investment plans ahead of Zambia’s national elections, which are due in 2011. Chinese companies op...
Vol 3 (AAC) No 6 | CHINAAFRICA CADF expands Africa network 22nd April 2010 The state investment fund is launching Chinese companies into overseas markets where they pick up assets abandoned by Western and African companies The China-Africa Development Fund’s expansion plans moved a step forward with the opening of a new branch in Addis Ababa, Ethiopia, on 30 March. The office will pursue greater co...
Vol 3 (AAC) No 6 | CHINAAFRICA CADF in Africa: Deals from 2007-2008 22nd April 2010 The first cooperation agreement signed by the China-Africa Development Fund was with the Tianjin North China Geological Exploration Bureau, a state-run mining enterprise, in Decemb...
Vol 3 (AAC) No 6 | CHINAAFRICA CADF in Africa: Deals from 2009-2010 22nd April 2010 April 2009: the China-Africa Development Fund and YTO Group announced a joint venture – the China-Africa Machinery Corporation – to manufacture agricultural and construction equ...
Vol 3 (AAC) No 6 | CONGO-KINSHASACHINASOUTH KOREA More multibillion mining contracts for Kinshasa 22nd April 2010 President Kabila’s trip to Seoul yields another multibillion-dollar mining deal just as a midway review of China’s US$6 bn. contract is completed Five years after his first official visit, President Joseph Kabila returned to South Korea on 29-30 March. Two protocols were agreed. The first accord seeks to replicate China’s U...
Vol 3 (AAC) No 6 | GUINEACHINA More ore, more problems 22nd April 2010 A US$3.3 million loan offered by the China International Fund has drawn renewed criticism of the company’s activities in Guinea. On 1 March, Abdoulaye Yéro Baldé, a member of Mouve...
Vol 3 (AAC) No 6 | NAMIBIACHINA Nuctech’s nobody 22nd April 2010 Why won’t anyone help Yang Fan pay his US$135,000 bail bond – especially when he has $2.3 million stashed in a local bank account and a swish golf estate home in Cape Town, South A...
Vol 3 (AAC) No 6 | CHINA Jia Qinglin 22nd April 2010 Chairman, Chinese People’s Political Consultative Conference (CPPCC): An emissary from the ‘Shanghai clique’ Jia Qinglin, the number four in China’s leadership, has just completed his second tour of African nations. At each stop, Jia sought to build ties with presidents and legislative le...
Vol 3 (AAC) No 5 | ALGERIACHINAINDIA East-West Highway to trouble 15th March 2010 Political rivalries in Algiers deepen as Chinese companies are named in an anti-corruption probe into Africa’s biggest road project State prosecutors have ordered more arrests this month, as investigations intensify into the Chinese companies and European middlemen dealing with Algeria’s US$12 billion East-West...