Silobreaker: China dangles open cheque book at Africa

NEWS SEARCH ANALYSIS INSIGHT

Saturday, November 21, 2009 11:34 AM

Published 11/06/2009 by Business Day

China dangles open cheque book at Africa

CAPTION : A labourer walks in front a poster at the construction site of Africa pavilion at the 2010 World Expo site in Shanghai, November 3, 2009 Picture taken November 3, 2009. REUTERS/ China has dangled a near open cheque book to Africa’s major oil producers in a bid to guarantee...

READ FULL ARTICLE

Share this

What others report on the same story

Beijing is Africas most important friend

Jonathan Clayton in Johannesburg and Jane Macartney in BeijingTo gauge the importance of the main guest at next week’s summit in the Egyptian resort of Sharm el-Sheikh ... - [11/06/2009 - Times Online]

Wen Jiabao in Africa on a trade road map

Chinese companies have been pouring investments into oil and other raw materials in Africa to fuel the mainland booming economy. At the last China-Africa summit ... - [11/06/2009 - AsiaNews.IT]

China to cement new role in Africa

Several state leaders are to attend the two-day Forum on China-Africa Cooperation (FOCAC), which begins on Sunday in the Egyptian Red Sea resort of Sharm el-Sheikh. ... - [11/06/2009 - Afrol News]

China's growing thirst for African oil - [11/06/2009 - France24 - culture]

China's growing thirst for African oil - [11/06/2009 - France24 - Science]

China's growing thirst for African oil - [11/06/2009 - France24 - france]

China's growing thirst for African oil - [11/06/2009 - France24 - europe]

China's growing thirst for African oil - [11/06/2009 - France24 - Middle East]

China's growing thirst for African oil - [11/06/2009 - France24 - Africa]

China's growing thirst for African oil - [11/06/2009 - France24 - Asia Pacific]

Related Stories

First Reported 11/08/2009 - Updated 11/09/2009 - 84 Documents

Hu Jintao

China offers Africa $10bn loan

* President Hu denies Beijing covets continent's resources* Promises aid without political conditions SHARM EL-SHEIKH: Chinese Premier Wen Jiabao offered Africa $10 billion in concessional loans over the next three years on Sunday, saying China was a ... [Daily Times - 11/09/2009]

Entities: China, Beijing, Hu Jintao

First Reported 11/07/2009 - Updated 11/08/2009 - 53 Documents

Beijing offers Africa $11b in easy loans

SHARM EL-SHEIKH, Egypt: The Chinese Premier, Wen Jiabao, pledged $US10 billion ($11 billion) in loans as a two-day Forum on China-Africa Co-operation opened in Egypt yesterday.''We will help Africa build up its financing capabilities … we will provide ... [Sydney Morning Herald - 11/08/2009]

Entities: Beijing, China, Egypt, Sharm El Sheikh, US5

First Reported 11/08/2009 - Updated 11/09/2009 - 37 Documents

China's aid pledges draw African nations

China on Monday offered full assistance to Africa in agriculture and infrastructure following its pledge of 10 billion dollars in concessional loans to the continent's states.The Beijing government is 'committed to ... going all-out to assist African ... [Bangkok Post - 11/09/2009]

Entities: China, Nationalism, Beijing, FU Ziying, Zhai Jun

First Reported 11/10/2009 - Updated 11/11/2009 - 15 Documents

China and India in scramble for Africa

In the 19th century it was European colonialists who scrambled for Africas riches. Today it is Asias emerging powers who are trawling the continent for raw materials to fuel their economies.This week, China promised African countries 6 billion in cheap ... [Times Online - 11/11/2009]

Entities: India, China, Alex Vines, Patrick Smith

First Reported 11/09/2009 - Updated 11/10/2009 - 20 Documents

Standard Bank Group Ltd

Chinese corporations want to dominate world, Africa

Chinese corporations would want to "dominate the world and not only Africa" in the near future, benefiting South African banks with a global presence, a Cape Town-based analyst said on Tuesday. Johan De Kock, the head of equity research at Metropolitan ... [Business Report - 11/10/2009]

Entities: Standard Bank Group Ltd, China, Forum on China-Africa Cooperation, Industrial and Commercial Bank of China Ltd, Induction

First Reported 11/06/2009 - Updated 11/07/2009 - 7 Documents

Chinese motorcycles for African oil

Last year bilateral trade between China and Africa reached an epic 100 billion US dollars, currently the Chinese economy is four times as big as that of the whole of Africa, where affordable consumer goods are lacking. 'China is present in almost every ... [Deutsche Welle - 11/07/2009]

Entities: China, Dominic Johnson, Nigeria

First Reported 11/12/2009 - Updated 11/13/2009 - 8 Documents (in Energy)

Poor infrastructure cuts growth by 2%

KampalaPoor state of infrastructure cuts national economic growth by two percentage points every year, a study by the World Bank has revealed.The report titled “Africa’s Infrastructure: A Time for Transformation” revealed that Africa has the weakest infrastructure ... [The Monitor - 11/13/2009]

Entities: Gross Domestic Product, Kampala, Hydroelectricity

First Reported 11/11/2009 - Updated 11/12/2009 - 14 Documents (in Internet & IT)

Africa Needs $46 Billion to Tackle Power Storage - World Bank Report

(Daily Champion/All Africa Global Media via COMTEX) --The report of a rercent World Bank survey conducted in 24 African countries has revealed that more than $46 Billion is required per annum over the next decade to address the epileptic power problem ... [Individual.com - 11/12/2009]

Entities: World Bank Group

First Reported 11/02/2009 - Updated 11/03/2009 - 13 Documents (in Internet & IT)

Plan for Deregulation Falters Yet Again [analysis]

(Vanguard/All Africa Global Media via COMTEX) --Federal Government's plan for deregulation of the downstream petroleum sub-sector in Nigeria has faltered yet again with indications that payment of subsidy to petroleum import marketers may remain the order ... [Individual.com - 11/03/2009]

Entities: Petroleum, Nigerian National Petroleum Corporation, Nigeria, Allegation

First Reported 11/11/2009 - Updated 11/12/2009 - 8 Documents (in Environment)

Nigeria: 6,000 Megawatts - Gas Flaring Ends December, Says Minister

Abuja In its determination to deliver to Nigerians 6,000 megawatts in December, and to reduce green house emission, the Federal Government has vowed to end all gas flaring in the country by end of this year.Minister of State for Foreign Affairs, Ambassador ... [AllAfrica.com - 11/12/2009]

Entities: Nigeria, Abuja (Nigeria), Global Warming/Climate Change

First Reported 11/10/2009 - Updated 11/11/2009 - 31 Documents (in Economy)

China stronger as spending pays off

China said this morning that massive government spending was paying off, as a new wave of data showed that the world's third-largest economy continued to strengthen.Official figures showed that industrial production and retail sales picked up pace in ... [RTE Online - 11/11/2009]

Entities: China, Retail Sales, Consumer Spending, Risk Management

First Reported 11/11/2009 - Updated 11/12/2009 - 20 Documents

Asian currency pressure grows on US, China

Asian economies aired rare public criticism of both the United States and China as the dollar's slump and the yuan's state-sanctioned rigidity reignited trade tensions Thursday.A draft statement by Asia-Pacific finance ministers meeting in Singapore called ... [France24 - Asia Pacific - 11/12/2009]

Entities: China, Singapore, United States

Blogs

sort by: Date \| Relevance
China's oil and mineral deals in Africa [Asian Energy - 11/04/2009] (For full coverage of the Africa-China summit, click [ID:nAFRICACN])Nov 4 (Reuters) - China has become a major investor in African energy and mineral resources, ...
China Up / U.S. Down Investment Risk Theme Checkup [The Market Oracle - 11/05/2009] PM By: Richard_Shaw One big investment risk is subscribing to a popular mantra with your lifes savings, without continuously checking the data the facts to make ...
Nigeria: Bloggers debate Nigeria's negative image [Global Voices Online - 11/02/2009] It's well known that Nigeria has an image problem – 419 Internet scams, corruption, oil piracy in the Delta region – for many people, these are the associations ...
Rethinking the Growing China Stock Market Bubble [The Market Oracle - 11/05/2009] PM By: Q1_Publishing Its the only place we could take a company in a developed industry and double our business each year for five years. Where else can you start ...
China Will Do What Western Do-Gooders Failed To... [Clusterstock - 11/10/2009] Helping Africa overcome poverty has been one of the West's longtime causes. But despite gobs of attention, money, and concerts from Paul Simon, Bono, Jeffrey Sachs, ...

Audio/Video

sort by: Date \| Relevance
China investing more in Africa [Reuters Video: Business - 11/11/2009]
China investing more in Africa [Reuters - YouTube - 11/11/2009]
Interview on China's expanding role in Africa -... [Al Jazeera - YouTube - 11/08/2009]
Inside Story - China Africa Forum - 10 Nov 09 [Al Jazeera - YouTube - 11/11/2009]
Prasad Sees `Mixed Picture' in China Loans to A... [Bloomberg - YouTube - 11/09/2009]

Change Password

Log in to Silobreaker

Advanced Search Options

China dangles open cheque book at Africa