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    China And Algeria Sign a Joint Venture Project For Broadband Network

    Vendredi, mai 29th, 2009

    China’s joint ventures with African countries are being signed at an amazing frequency. The newest is a joint venture between China’s Great Wall Computer Group Corporation and the network for Algerian Broadband called EEPAD, for manufacturing netbooks. The $ 4 million project has a 30% stake from the Chinese company and will produce 100,000 netbooks in the first year and 200,000 by the end of the second year. The company claims to have an order for 150,000 netbooks already for the African market, and therefore plans to continue increasing capacity till 500,000 netbooks annually. This is the first manufacturing facility that the great Wall Computer Company has invested in, and plans to set up many more across Africa in the coming years. EEPAD is Algeria’s VOIP and ADSL operator in Algeria, and its stake of 70% involves $2.8 million.

    The cooperation between Algeria and China has been continuing for many years and is presently on a strong footing. The mutually advantageous economic ties have been reinforced by frequent visits of top leaders of both countries. Trade between the two countries hovers around the $4 billion mark. Some 40 Chinese companies with many thousands of employees have set up businesses in Algeria in the fields of mining, energy, infrastructure, telecommunications, hydro projects and construction. The 1200 km expressway being constructed from the east to west Algeria is being constructed by the Chinese to serve as an arterial route in North Africa’s costal regions. Algeria’s rich reserves of oil and natural gas are a major attraction for China and its two big companies Sinopec and CNPC are already exploring these natural resources.

    Besides economic cooperation Algeria has benefited from China in the realms of medicine, health, education and culture. China has helped educate Algeria’s youth, provided technical training to the employees and initiated many scholarships for the youth of Algeria. China has also extended its technical expertise in the field of agriculture to Algeria. China has improved the lot of its rural poor through the pursuit of aggressive agricultural reform, and this model serves as an example for all African countries to learn from. Even its hybrid rice seed varieties are being provided to African countries to ensure bumper rice crops.

    Source : Chinafrica

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    China Africa economic

    Mardi, avril 7th, 2009

    China has won accolades as the most popular partner of developing countries. This came its way from the Tanzanian President Jakaya Kikwete at the G20 summit. China has certainly been playing an active role in the global economic arena, trying to tone down the impact of the economic crisis by promising aid, increasing trade relations with developing countries particularly those in the African continent. It has written off bad debts and is using its surplus currency reserves to invest in developmental projects in Africa, thereby generating employment and entering sectors that the western nations walked out of, due to the crisis.

    China is not merely a quiet investor and trading nation for Africa.  Not only has it moved towards acquiring raw material assets in Africa, it has boosted infrastructure development with its investments. It is sharing technical expertise, helping in improving agricultural output, and ensuring a market for African goods that were losing out as western demand fell drastically. For many African countries, China is the biggest export market. China is adopting every possible strategy to get Africa on to the fast track of development, and is showing its responsibility as an Asian powerhouse and a global economic leader. The first of its kind, an 88-day expedition is starting at Ghana, organized by the Yunnan Committee of the Chinese People’s Political Consultative Conference. The expedition will cross seven countries including Ghana, Burkina Faso, Mali, Niger, Algeria, Libya and Egypt, culminating at the Red Sea and involving a trek of over 7800 kilometers. This is the first time a Chinese team has ventured to cross Africa from the West to the East. Besides studying environmental issues like desertification and preservation of habitats for wild life, the members of the team will serve as goodwill ambassadors for China, and also enhance awareness among their Chinese countrymen about Africa’s developmental and investment potential and tourist charm. There is a growing Chinese middle class with funds to spare for recreational activities, and China is prodding them towards exploring the beauties and bounties of nature that Africa has to offer.

    Source : China Africa

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    China’s Reaching Out to Africa-Reasons for Trade

    Samedi, mars 7th, 2009

    Every move made by China towards any African country, catches the world’s eye. Chinese leaders making trips to Africa evince great interest and the rationale behind the trips is analyzed and dissected. China is certainly sending strong feelers to African nations, and is getting a positive response from them, simply because China has lots to give. China is perceived by the Africans as the land of enormous opportunity, a country that will provide aid without strings, bring in expertise, develop infrastructure, and invest extensively to pull the countries out of poverty and underdevelopment. The past of the two sides have been similar, except that China surged ahead, and today presents a model for growth to Africa. In return, China has managed to get materials and markets that were not available in any other part of the world. At present, Angola is the second largest provider of crude oil to China, followed closely by Nigeria. It has also procured African copper, zinc, cobalt and uranium. China is making its presence felt in all parts of the African continent, with its oil survey teams in Libya, Egypt and Morocco, it sells arms in return for natural resources in Algeria, Ghana, Benin, Congo and Angola. Extensive trade with Kenya, Sudan, Tanzania and Zambia keeps Chinese ships sailing in and out of every part of the African continent. Mutual economic benefit is the deciding factor for every economic partnership entered into by the two sides. Though one side has more to give in terms of natural resources, the other has a phenomenal amount of talent, expertise and technical know-how that will help tap these natural resources for maximum returns..

    However, China has also been affected by the worldwide economic downturn, and part of the plan to stem unemployment and stimulate demand, is to send unemployed migrant workers to farm in Africa. Africa has plenty of fertile land, and needs to replicate the Chinese model of agriculture to increase output and produce world quality natural products to benefit economically. This plan of China would merely be an extension of the previous Sino-African agreement whereby some 400 Chinese farmers were given access to cultivate nearly 10,000 hectares of land.

    Source : China Africa

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    China invest in African mining

    Mardi, mars 3rd, 2009

    The African mining industry has seen a lot of Chinese participation over the years and other countries that are showing interest in African mines now find themselves dealing with Chinese companies involved in those mines. However, the mining industry is also facing prospects of reduced demand and prices hitting all-time low levels and the worst affected countries include Botswana, Zambia, the Democratic Republic of Congo, and South Africa. All this is being attributed to the decline rather than growth in demand for base metals in China. This is incidentally the best time for China to consider merger and acquisitions in the mining sector of Africa. Though the world is facing an economic slowdown China has billions of dollars to spare, and acquisitions in this sector will provide stability to the Chinese economy. This is the view echoed by at least Africa based economists.

    China’s relations with Angola will be analyzed and will be the focus of discussions that will take place at the ‘China in Africa’ Conference that will be held on 2nd March in Luanda. The central themes for the discussion will be –China in Africa-Developments and Challenges and secondly, “The Crossroads of Chinas Angolan Relations”.

    An encouraging development has been the opening of a direct air link between Beijing and Algeria. This is the first direct link between China and West Africa. The direct flight will further promote trade and economic ties, diplomatic and cultural exchanges between China and Algeria. This will lead to furthering the development process. The flight from Algiers is being operated by Air Algeria. Algeria is already benefiting from the presence of over forty Chinese companies.

    Africa happens to be one of the few places where construction potential can be converted into concrete projects. With China interested in investing in this sector, the economy will grow. This is in contrast to the construction industry facing all time lows in other countries in the times of global recession.

    Chinese companies today are more multinational than any other, and they are gradually but consistently strengthening their position in African countries. China can see the development potential in Africa and is ensuring that it gets to participate in it by taking every opportunity available for investment. The stamp of China is already visible in Africa.

    Source : Manufacturers suppliers

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