Strategy & Trade Focus
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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.
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.
By Paul Eckert WASHINGTON (Reuters) - Economic development researchers on Monday unveiled a database of China 's aid to Africa in an effort to work around Beijing 's secrecy about the numbers, as a debate rages over the intentions and impact of Chinese assistance. The study and database by the Washington-based Center for Global Development and AidData, a research project, includes 1,673 Chinese development finance projects worth $75 billion in 50 African countries from the years 2000-2011. The Chinese figures, using standard measures of Official Development Assistance (ODA) and Other Official Finance (OOF), are roughly on par with U.S. aid to Africa during the same period, the Center for Global Development said. While official ODA from Western countries and some major developing countries is openly reported and easily tabulated, Chinese aid has been much more difficult to track, said creators of the database, http://china.aiddata.org .
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.
Les entreprises qui cherchent à s’implanter en Afrique devraient sérieusement envisager de créer des représentations à Accra, Lusaka et Luanda si l’on en croît l’Indice de croissance des villes africaines publié le 28 janvier 2013 par MasterCard lors du forum Africa Knowledge.
Deutsche Bank Tianyin Shi While Paris, Milan and Hong Kong are well-known to affluent Chinese, some of them are tiring of the usual luxury enclaves.
Nile Bowie is a political analyst and photographer currently residing in Kuala Lumpur, Malaysia. Published time: March 12, 2013 10:51 China's Communist Party Chief Xi Jinping (Reuters/Jason Lee) The fact that China's incoming president, Xi Jinping, is set to visit Africa on his first foreign trip is a strong indication of where Sino-African relations are headed. But as Beijing focuses on building African industry, Washington has other plans. At a recently held meeting of the National People’s Congress in Beijing, China’s leaders unveiled a dramatic long-term plan to integrate some 400 million countryside dwellers into urban environments, by concentrating growth-promoting development in small- and medium-sized cities.
Scientists from Illinois have found a rare, 600-year-old Chinese coin on the Kenyan island of Manda. The Field Museum in Chicago announced the find Wednesday. The joint expedition was led by Chapurukha Kusimba of the museum and Sloan Williams of the University of Illinois-Chicago.
State-owned China Daily today December 14, 2012 officially unveiled its African edition of the newspaper making it the first English-language newspaper published in Africa by a Chinese media enterprise. The newspaper, China Daily Africa Weekly, joins the paper’s international stable of publications in the United States, Europe and the Asia-Pacific as well as Hong Kong. “The relationship between China and the African continent is one of the most significant relationships in the world today. It is growing and complex and not always understood — not just by those in other parts of the world but Africans and Chinese, too,” said the newspaper’s editor-in-chief Zhu Ling, adding, “We hope to set that right and that is why China Daily, China’s largest English-language newspaper, is launching an Africa edition.” On its website, China Daily said the Africa edition newspaper will be circulated throughout the continent and will also be available in digital format.
The Chinese accumulated investment in Nigeria is expected to exceed US$10 billion by the end of December 2012 just as the trade volume between the two countries is currently more than US$8 billion as at October 2012.
JOHANNESBURG (miningweekly.com) – The trading arm of diversified Chinese mining house China Nonferrous Metal Mining (CNMC) officially opened an office in Johannesburg on Friday – a move that the company believes will deepen trade ties between Africa and China.
HARARE, Sept 23,(The Sunday Mail)- China has contributed more than half a billion in Foreign Direct investments in the country in the
July 30th, 2012 News
VENTURES AFRICA – Over the next 3 years, China will offer $20 billion to African countries as loans in order to boost the country’s relationship with Africa and increase access to the continent’s resources – a strategy extensively criticised by the West.
BEIJING, May 29 (Xinhua) -- China will further deepen cooperation with Africa in the service trade and infrastructure sector, vice minister of commerce Li Jinzao said Tuesday.