Strategy & Trade Focus
In the final quarter of 2013, Tanzania signed contracts worth US$1.7 billion with Chinese companies to construct power plants and housing units in the east African country. This marks China’s growing economic presence in Tanzania, which has made big discoveries of natural gas off its southern coast. In October 2013 the Tanzanian government signed seven agreements with six Chinese companies, in different sectors. Among these is a US$692.7 million contract awarded to Tebian Electric Apparatus Stock Co, China’s largest manufacturer of high-voltage transformers, for the construction of a 400 kV power transmission line. China eyes Tanzania’s gas resources, offers energy and other deals | ESI-Africa.com
State group Sinopec aims to invest US$20 billion in Africa December 12th, 2013 News The state-held China Petroleum & Chemical Corporation (Sinopec) group plans to invest US$20 billion in Africa in the next five years, specifically in Angola, the China Daily newspaper reported in its Tuesday edition.
Nigeria, China trade volume hits $6.2bn in six months - Vanguard News By Naomi Uzor The Project Manager, Brightway International Exhibition Ltd, Mr. David Zhao, has said that the trade volume between Nigeria and China has increased by 18.6 percent with a total of 6.2 billion dollars in the first half of 2013 as against the 4.5 billion dollars in the corresponding period of 2012. Zhao, who is coordinating companies for the Chinese exhibitors at the ongoing Lagos International Trade Fair, disclosed this to newsmen in Lagos. He said that Nigeria is China’s second largest export market, in the world.
Les Chinois en Afrique - Carte interactive
This guest post is by Yuan Li, a master's degree student at Johns Hopkins University/School of Advanced International Studies. It is based on interviews she conducted in Johannesburg, South Africa, in January 2013. China-Africa Development Fund in South Africa The China-Africa Development Fund (CADFund) is a private equity fund established in June 2007. It was initiated by President Hu Jintao at the Beijing Summit of the Forum on China-Africa Cooperation, as one of the measures to forge a “new type of China-Africa strategic partnership, strengthening bilateral cooperation in more areas and at a higher level” (CAD-Fund, China Development Bank) and to encourage and support Chinese enterprises to invest in Africa. According to its promotional materials: Guest Post: China-Africa Development Fund in South Africa
▶ La chine en Afrique, la sorcellerie sur le continent africain et le succès nigérien Nollywood
▶ 中国开拓新市场 将开启与非洲合作的新思路
▶ La chine s'offre le Ghana et en fait un tigre d'Afrique
La Chine va lancer deux fonds dotés de 2 milliards $ pour l’émergence industrielle de l’Afrique | Finance et Afrique La Chine va lancer deux fonds dotés de 2 milliards $ pour l’émergence industrielle de l’Afrique LA chine toujours sur le pied de guerre pour se développer en Afrique 2 nouveaux fonds d’investissements sponsorisés par China-Africa Development Fund (CAD Fund) et China-Africa Business Council (CABC) seront bientôt opérationnels pour fournir des capitaux aux entreprises chinoises qui s’investissent en Afrique dans les activités commerciales, industrielles et le secteur minier, selon Venture Africa.
Chinese State-Owned Enterprises in Africa: Myths and Realities In today’s environment the label “State-Owned Enterprise (SOE)” hardly conjures up a positive image for most of us. Since the 1980s and in many countries, SOEs have been seen as inefficient, unprofitable dinosaurs that stifle competition, misallocate resources, and act as a drag on economic growth. Numerous governments have eliminated them through mass privatisation.
By Li Hongmei South Africa has always been the first stop for Chinese enterprises intending to enter Africa, and more manufacturing enterprises should direct their investments to Africa following the adjustment of China's industry structure. China's producer price index fell 2.9% in May from a year earlier, sliding for the 15th straight month. The number points to worsening overcapacity problems in the industries that form the engine of China's economy, making it more difficult for local manufacturers to earn profit, repay their debts and complete timely payments to suppliers, the report said. China's various markets have been saturated, especially for the manufacturing industry. Chinese manufacturers channel investments into Africa
Chinese Investments in Special Economic Zones in Africa: Progress, Challenges and Lessons Learned - Africa_China_SEZs_Final.pdf
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China-Africa Trade Volume Outgrowing US-Africa Trade Volume From Quartz China’s economic relationship with Africa is growing at a breakneck pace. In 2012, the volume of trade—imports plus exports—reached $198.5 billion. Standard Chartered analyst Sarah Baynton-Glen estimates that trade volume could amount to $385 billion by 2015—nearly double its current level—if it continues to grow on its current trend. By comparison, trade between the US and Africa amounted to $108.9 billion in 2012.
Africa Investment-China brings goods and roads, now Africa wants jobs By Daniel Flynn Reuters DAKAR – China has brought cheap consumer goods, roads and schools to many parts of Africa over the last decade but the continent’s leaders are increasingly pushing for it to provide more of what many Africans want most: jobs. Africa Investment-China brings goods and roads, now Africa wants jobs | Dilemma X
China plans multimillion Ethiopia investment
CHINESE INVESTORS ARE EYEING ON AFRICA
By Howard W. French Credit: Russian International Affairs Council For the last three years, I have traveled extensively in sub-Saharan Africa, after an unaccustomed absence. My recent experiences, which have ranged through every region of the subcontinent, tell me two essential things: Africa is caught up in intense and rapid change, and American policy toward the continent is not adjusting fast enough. A trickle of articles in the American press has belatedly recognized Africa’s strong run of economic growth. The China-Africa Convergence: Can America Catch Up? | AfricaPlus
Rwanda: China Grants Kigali Tax Free Access Kigali — China has dropped all import duties on most Rwandan-made products entering its domestic market of just over one billion people. Not long ago, China became the second largest economy in the world with a GDP of about $7 trillion which is half of that of the US. "We would like to take this opportunity to appreciate the commitment made by the government of China to extend duty free treatment to 95% of Rwandan products," Prof. Silas Rwakabamba, the Rwanda Minister of Infrastructure said last week. Under this trade provision, Rwandan exports will enter the Chinese market tariff-. This is intended to boost the competitiveness of these products in China, as well as boost Rwanda's export earnings.
منطقة استثمار صينية في مصر تستهدف جذب ملياري دولار
The Federal Ministry of Trade and Investment and Sanshui District Bureau of Economy, Science and Technology Development Promotion in China have signed a Memorandum of Understanding, MoU to facilitate the transfer of skills and technologies. The MoU includes a trade cooperation agreement between many of the factories sited at the industrial park within the Sanshui Economic Development Zones and Nigeria with a promise by many of the processing industries to open offices in Nigeria before the end of the year. The Minister of State for Trade and Investment, Dr. Samuel Ortom, signed the MoU when he led a trade delegation to the Shanghai province in China. Nigeria signs MoU with China on skills, technology transfer
Investment in Ethiopia, Chinese companies are amongst the major investors in Ethiopia
China’s investments in Algeria: More than $1.5 billion in one decade| glObserver Global Economics Beijing has invested additional than $1.5 billion (1.1 billion euros) over the completed decade in Algeria, where 50 top Chinese companies and 30,000 workers are based, media reported on Sunday. By the end of 2012, China's total investments in the North African country over the completed decade reached $1.5 billion, Beijing's ambassador to Algiers Liu Yuhe told the daily Liberte. "Additional than 30,000 Chinese people work in Algeria in sectors inclunding railway and road construction.
La Chine renouvelle son soutien à l'Afrique
ETHIOPIE : L'ATELIER DE LA CHINE.
Main basse sur l'Afrique
Le professeur George Angelopulo de University of South Africa (UNISA) lors du Forum Africa Knowledge 2013, à Johannesburg pour le lancement de l'indice de croissance des villes africaines. | Crédits Photo : Flickr\Mastercard Quelles villes africaines ont le plus fort potentiel de croissance pour les 5 prochaines années ?
For Affluent Chinese, Africa’s Growing Appeal - China Real Time Report
New Chinese President Xi aims to paint Africa red — RT Op-Edge
600yp coin proves China, Africa trade links - Story - Environment/Sci
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Afrique, l'ambition chinoise
La Chine s'installe en Afrique ( REPORTAGE COMPLET )
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China Daily newspaper prints first Africa edition
Chinese investment in Nigeria reaches $10bn
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Chinese minerals trading house sets up in Joburg
China sinks $500 mln FDI in Zim: Committed projects worth $10bln on course « ZNCC Harare
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China is biggest foreign investor in Angola in 1st semester
China Announces New $20bn Loan For Africa
China to deepen service sector cooperation with Africa
China brings jobs to Ethiopia but at what cost?
6 millions d’emplois à transférer de la Chine vers l’Afrique
Début des délocalisations massives de la Chine vers l’Afrique
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China investing in Africa - part 1