Gabon's politicians continue to question the delays in the
starting-up of the Bélinga iron ore mine and its associated
infrastructure works. But financing issues and constant threats
of renegotiation have not inspired confidence. As may happen t...
World Bank President Robert Zoellick's plan to bring
the Asian hyper-economies into the international development community
is now bearing fruit. On 3 December, Zoellick told London's Financial
Times that Chinese Commerce Minister Chen Deming showed
'...
- Vol 2 No 11
- 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-focused investments. In early September, World Bank President Robert Zoellick beg...
- Vol 2 No 11
- September 2009
New Delhi made one of its most important energy and resource deals in Africa on 31 August, signing an accord with the Namibian government to allow for trade in uranium to supply India's energy-starved electricity sector. Memorandums of understanding signe...
- Vol 2 No 11
- September 2009
The latest result of the close ties between Kinshasa and Seoul was revealed on 8 September by Générose Lushiku, Congo-Kinshasa's Minister of Urbanism and Habitat, who announced that South Korea's Berea International had won a US$225 million contract to bu...
- Vol 2 No 11
- September 2009
Oil industry officials in Accra are linking Finance Minister Kwabena Duffuor's 18 September statement that Ghana had applied for a US$2 billion concessional loan from China to Beijing's bid for a stake in Ghana's oil and gas industry. On 27 August, Chin...
Chinese officials are discussing ways to use some of their country's
$2.1 trillion in foreign reserves to finance what could be the
world's biggest development aid programme, as Western economies
are still staggering under the weight of recession. Th...
In mid-August, Nigeria's Federal High Court overturned President
Umaru Yar'Adua's revoking, in January, of Seoul-based Korea
National Oil Company's rights to 60% of Oil Prospecting Licences
321 and 323 in a ruling that proved unexpectedly damning for t...
Both sides are claiming victory this month in the long-running
negotiations on debt relief between the Kinshasa government and
the International Monetary Fund and the World Bank. Kinshasa has
won promises of substantive and rapid relief on some US$11 b...
Opposition politicians in Delhi are pressing Prime Minister
Manmohan Singh's Congress Party government for a full investigation
into allegations of corrupt deals worth 25 billion rupees (US$520
million) in rice exports from India to five African states...
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