China’s Congo Plan : Three. In 1888, the Scottish explorer and evangelist Henry Drummond published a book he titled, simply, “Tropical Africa.”
In it he described the ivory trade that came to replace the slave trade as the primary reason for Europe’s colonial drive into what he called “the dark continent. " How the West saw Africa "An average tusk weighs from twenty to thirty pounds. No direct funding till you step down China tells Mugabe. CHINA has dropped a bombshell on top of President Robert Mugabe’s roof by openly telling him to reliquish power, as a precondition for their funding of Zimbabwe’s economic recovery.
The News Leader has obtained details and exclusively reveals that the demand and push by China, has been behind several processes in the recent months. Written by Itai Dzamara. Chinese Money In Africa Directed Away From Oil, Toward Other Sectors. When Chinese Premier Li Keqiang visited Africa earlier this month, he stopped in four countries.
Oil-rich Angola and Nigeria were first on the list, which makes sense as that’s where China has some of its biggest holdings. But he also stopped in Kenya and Ethiopia, countries not known for massive crude deposits, but appealing to China nonetheless as it switches investment focus from natural resources to manufacturing and services. “The countries he [visited] are not only interesting for him because of natural resources, but because of the dramatic infrastructure development going on in these countries in which Chinese companies are actively involved in,” said Anna Rosenberg, sub-Saharan Africa analyst at consulting firm Frontier Strategy Group.
China Swaps Gusto for Rigor as It Learns From Africa. China’s gung-ho foray into Africa is waning.
As trade with the continent surpasses an annual $160 billion, its companies are avoiding risk by taking smaller stakes in projects close to making money. Cowed by capricious commodity prices, political instability and a string of lost investments, Chinese financiers aren’t as gutsy as when state-owned giants used their heaps of cash to propel the nation’s “Go Out” drive and whip up business abroad 15 years ago. “There was a lot of enthusiasm and momentum,” said Clement Kwong, whose Beijing-based Long March Capital Ltd. clubbed together with other investors last year to take over a South African gold company. “That momentum is definitely reined in by a new level of risk aversion and caution.” China's Second Continent: How a Million Migrants Are Building a New Empire in Africa: Howard W. French: 9780307956989: Amazon.com: Books.
Into Africa: China’s Wild Rush. NAIROBI, Kenya — For nearly a decade, as made a historic push for business opportunities and expanded influence in Africa, most of the continent’s leaders were so thrilled at having a deep-pocketed partner willing to make big investments and start huge new projects that they rarely paused to consider whether they were getting a sound deal.
China has peppered the continent with newly built stadiums, airports, hospitals, highways and dams, but as Africans are beginning to fully recognize, these projects have also left many countries saddled with heavy debts and other problems, from environmental conflict to labor strife. As a consequence, China’s relationship with the continent is entering a new and much more skeptical phase.
China Pours $12 Billion More Into Africa With Hopes Of Building A High-Speed Rail. Thomson Reuters Chinese Premier Li and Ethiopian PM Desalegn walk to inaugurate the Addis Ababa-Adama expressway in Tulu Dimtu BEIJING (Reuters) - Chinese Premier Li Keqiang unveiled extra aid for Africa totalling at least $12 billion on Monday, and offered to share advance technology with the continent to help with development of high-speed rail, state media reported.
Li pledged the additional funding in a speech at the Organisation of African Union headquarters in the Ethiopian capital, Addis Ababa. China will increase credit lines to Africa by $10 billion and will boost the China-Africa Development Fund by $2 billion, bringing it to a total of $5 billion, Li said, according to the official Xinhua news agency. He provided no details of the timeframe. Le PM chinois propose les jets régionaux de fabrication chinoise aux compagnies africaines. Li pledges larger credit line, high-speed rail technology to Africa. Premier Li Keqiang unveiled extra aid for Africa totalling at least US$12 billion on Monday, and offered to share advanced technology with the continent to help with high-speed rail development, state media reported.
Li pledged the additional funding in a speech at the Organisation of African Union headquarters in the Ethiopian capital, Addis Ababa. China will increase credit lines to Africa by US$10 billion and will boost the China-Africa Development Fund by US$2 billion, bringing the latter to a total of US$5 billion, Li said, according to Xinhua. China boosts Africa aid by $12bn. Beijing - Chinese Premier Li Keqiang unveiled extra aid for Africa totalling at least $12bn on Monday, and offered to share advance technology with the continent to help with development of high-speed rail, state news agency Xinhua reported.
Li pledged the additional funding in a speech at the Organisation of African Union headquarters in the Ethiopian capital, Addis Ababa. China will increase credit lines to Africa by $10bn and will boost the China-Africa Development Fund by $2bn, bringing it to a total of $5bn, Xinhua said. It provided no details of the timeframe. Li "depicted a dream that all African capitals are connected with high-speed rail, so as to boost Pan-African communication and development," the report said. Chinese Trade with Africa Hits Record High.
China’s enduring importance for Africa was strengthened again in 2013, when trade between the globe’s most populous country and its poorest continent soared to a record total of $200 billion.
That included a 44 percent spurt in Chinese direct investment in Africa. U.S. trade with Africa, but only in goods, not services, totaled $85 billion in 2013. Chinese businessmen to invest $300 billion in Nigeria. By Vera Samuel Anyagafu and Prisca Sam-Duru Over twenty investors from the Republic of China who are on a business tour in the country have indicated their readiness to invest about $300 billion to boost Nigeria’s economy.
The investors, who held a business forum on Wednesday with the Ogun State Governor, Senator Ibukunle Amosun in his office in Abeokuta, were led by the Chief Executive Officer (CEO) Shangai Engineering Works Nig. Ltd and Blue Diamond Investments, Mr. China eyes Tanzania’s gas resources, offers energy and other deals. 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.
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. 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. Guest Post: China-Africa Development Fund in South Africa. 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:
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. 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. Chinese manufacturers channel investments into Africa. Chinese Investments in Special Economic Zones in Africa: Progress, Challenges and Lessons Learned - Africa_China_SEZs_Final.pdf. Chinese Industrial Zones in Africa 2011.png. China-Africa Trade Volume Outgrowing US-Africa Trade Volume. Africa Investment-China brings goods and roads, now Africa wants jobs. China plans multimillion Ethiopia investment. CHINESE INVESTORS ARE EYEING ON AFRICA. The China-Africa Convergence: Can America Catch Up? Rwanda: China Grants Kigali Tax Free Access. منطقة استثمار صينية في مصر تستهدف جذب ملياري دولار 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.
La Chine renouvelle son soutien à l'Afrique. ETHIOPIE : L'ATELIER DE LA CHINE. Main basse sur l'Afrique. 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. Chine-afrique.jpg (JPEG Image, 600 × 630 pixels) - Scaled (96. Afrique, l'ambition chinoise. La Chine s'installe en Afrique ( REPORTAGE COMPLET ) H-edinger_china-and-african-regional-integration_april-2012.pdf (application/pdf Object) China Daily newspaper prints first Africa edition. Chinese investment in Nigeria reaches $10bn. African-Shenzhen-China-s-special-economic-zones-in-Africa.pdf (application/pdf Object)
Esser-underground-overground-nov11.pdf (application/pdf Object) China_in_Africa-210411.pdf (application/pdf Object) Chinese minerals trading house sets up in Joburg. Les échanges entre l’Afrique et la Chine ont atteint 166,3 milliards de dollars en 2011. Saia_sop_ 117_wu_20120618.pdf (application/pdf Object) 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. Brautigam-Chinese-Investment-in.pdf (application/pdf Object)
China investing in Africa - part 1.