Vol 2 (AAC) No 12 | ANGOLAGUINEACHINA How the Sino-Angolan alliance works 19th October 2009 The China International Fund (CIF) was born in the aftermath of Angola's civil war as the Luanda government embarked on Africa's costliest post-war reconstruction, fuelled by oil...
Vol 2 (AAC) No 12 | CHINA Graphic: China International Fund's web of public and private backers 19th October 2009 Despite the protestations of China's Foreign Ministry, the China International Fund is linked to an array of private entrepreneurs and Chinese state-owned enterprises.
Vol 2 (AAC) No 12 | CHINAWEST AFRICA Abuja writes the playbook, Beijing brings the players 19th October 2009 Who is fooling whom in the scheming over oil and gas reserves? On the face of it, the speculation that China could take over US$50 billion worth of Nigeria's oil reserves currently licensed to Western oil majors is on the outer reaches of po...
Vol 2 (AAC) No 12 | UGANDACHINA The race to give Museveni what he wants 19th October 2009 In Uganda, the China National Offshore Oil Corporation has taken the pole position in discussions to buy out part of Irish oil company Tullow's interests in more than one billion...
Vol 2 (AAC) No 12 | ETHIOPIACHINA Power surge in Addis 19th October 2009 The Ethiopian government is launching one of Africa's most ambitious cooperation programmes with China to build several new power stations Ethiopia has signed contracts with Chinese construction companies to build two huge dams as part of a US$12 billion, 25-year Power Sector Master Plan to harness the country's hyd...
Vol 2 (AAC) No 12 | CHINA Zhao Jianping 19th October 2009 Chairman, China-Africa Development Fund China Development Bank Vice-Governor Zhao Jianping has taken the reins of the China-Africa Development Fund from CDB colleague Gao Jian. Zhao's career is marginally more cosmopo...
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 | 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 | 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...