• Tags cloud

  • Calendar

    février 2012
    L Ma Me J V S D
    « mar    
     12345
    6789101112
    13141516171819
    20212223242526
    272829  
    •  



    China’s investment in Africa – mutual benefit

    Lundi, août 17th, 2009

    Initially China confined its major projects into some of the most important industries in Africa. But as of today, in Africa, investments are on a huge scale and China has emerged as Africa’s one of the main investors. The trade between the two countries has grown to about 5 times than before and surprisingly this has taken place within a span of a few years from 2000 to 2006. Britain used to be Africa’s biggest trade partner. But now China has replaced the United Kingdom and has become the third largest trade partner. There are approximately ½ a million Chinese already residing in Africa these days.

    The trade union has been extremely beneficial to both the countries. China has gained in the sectors of gas, oil and minerals like uranium. Africa on the other hand is enjoying the latest technological support and a great infrastructure that is being funded by China in most of the African countries. One such country is Tanzania. China has been speedily helping Tanzania in the social as well as economic developments.

    As China is opening its markets, it has provided the third world countries a relief as far as the manufactured goods are concerned. The African countries are able to get the end products at much lesser prices thereby keeping the inflation under control. While Africa has shown its business interests with China, Chinese products have a huge market in the African countries. Even the African trade is penetrating the Chinese market at a fast rate.

    As a step ahead in this, one of the Chinese companies – China Crescent is focusing on Kenya for further expansion. Kenya will be its next foreign market. Recently the company participated in a conference in Nairobi which is seen as a preparation to enter Kenya market. The main reason behind this is that Kenya already has a network of fiber optic cables that are spread throughout the country. Apart from this there are three projects undergoing which will result in laying 3 submarine cables also. The cables will be connected to India, Dubai and South Africa. This foundation will provide immense support to the Chinese company. Also it intends to increase the population of internet users by providing good equipment and services.

    Source : China Africa

    Tags: ,
    Posted in Non classé | 1 Comment »



    The China Africa Relationship Scales New Heights

    Lundi, juin 15th, 2009

    The strategy adopted by China with respect to Africa, a few years ago, has borne fruit with the ever-strengthening ties between the two sides. The relationship has been further cemented by frequent visits of top Chinese leaders who have taken pains to reiterate their commitment to help Africa develop despite the global economic crisis and irrespective of the political climate and the policies of the leaders ruling the various African countries. China has been dealing with Africa as a whole, with a common agenda for all places within the continent. The notion that China was only interested in the mineral rich nations is not quite correct as aid has crept in the other countries as well. The visit of President Hu Jintao to Mali, Senegal, Tanzania and Mauritius is a case in point. The Chinese policy has seen it acquire much needed natural resources, using its dollar surpluses at a time when the dollar has been badly hit and China has found itself in a strong bargaining position. Its acquisitions are silently piling up and when the world economies finally recover from the recession China will be comfortably placed with a major chunk of the world’s natural resources under its belt, including the ever-scarce oil.

    From the African point of view, its trading relationships have also seen a sea change. From trading mainly with the west, its focus is shifting towards Asia, and the Asian region is likely to be its largest trading partner in the years to come. Five African nations presently account for 85% of the trade with Asia, but with changing economic policies, more countries will be able to participate in these spiraling figures. African goods are seeing increased demand from Asian nations, and cheaper Chinese goods have found huge markets in Africa. However, both sides need to follow rigorous quality control measures to ensure that the levels of trade are sustained. Price becomes irrelevant if quality is compromised.

    That Africa has benefited from the Chinese interest is proved beyond doubt. Its infrastructure has been developed through Chinese aid, and its countries are seeing schools, hospitals, roads and railways after years of poverty stricken struggles. There is increased flow of technological skills and know how from China in industry, mining and other sectors. In agriculture the Chinese model is being replicated in Africa.

    Source : Chinafrica

    Tags: , , ,
    Posted in Non classé | No Comments »



    China And Africa- Partners In Mutual Benefits

    Samedi, mai 23rd, 2009

    China has been avid supporter of Africa through thick and thin. It has walked African countries through their difficult days of underdevelopment, helping with aid and assistance that was with no strings attached, and during recent months it has not deserted Africa despite the global economic recession, which has seen demand plummeting and all nations reeling under the crisis. Scholars the world over have lauded China’s role in Africa, helping it emerge out of a state of destitution despite the ‘tied’ aid that went to Africa from the Western countries for decades. China entered the scene in 2000-2001 with its scores of investment initiatives and technical expertise. In a matter of seven or eight years, it has helped reduce poverty, set up the basic infrastructure network and helped African nations start exploiting their rich natural resources to provide employment to the local populace. China has pumped in millions for this purpose and its own elevation in terms of economic development is an example for Africa to follow.

    China has also benefited in the process. Firstly, its initiatives have opened a vast African market to cheap Chinese goods. Second, and even more secondly, China has gained access to African natural mineral wealth of products ranging from oil and cobalt to diamonds and titanium. China has realized that its own mineral wealth may not be able to sustain its pace of industrial advancement, and needs additional resources, which are cheaper to source from Africa. Thirdly, it gives a big push to Chinese companies to be able to expand operations in a vast continent. Additionally, Africa has huge amounts of arable land. China with its rapidly growing population and ever expanding urban network, cannot produce enough food for its millions. Therefore, it has taken agricultural land on long lease from many African countries. China’s experiments in the field of food grain production particularly high yielding varieties of rice, are being used in countries like Kenya and Tanzania.

    Trade and investment apart, tourism between China and African countries has increased significantly and both sides have benefited. The gains cannot be highlighted enough for Africa, and in turn, China has won a set of international supporters for many years to come.

    Source : Manufacturers Africa

    Tags: , ,
    Posted in Non classé | No Comments »



    Huwaei Technologies Leads the Way For Chinese Firms into Africa

    Jeudi, avril 30th, 2009

    Huwaei Technologies has become a well known worldwide as a non-state owned Chinese multinational, which is one of the biggest producers of telecommunications equipment internationally. It has made inroads into every market in the world with its fixed networks, mobile networks, optical networks, software, terminals and data communications.

    In Africa Huwaei Technologies started out in 1998 with its first operational setup in Kenya, and has now become the largest CDMA provider in the entire region. Its sales crossed the $ 2 billion mark three years ago in 40 African countries. The company has successfully got rid of the preconceived notions people have had about ‘made in China’ goods that they are low in cost and poor in quality. Huwaei has proved that it is positively low in cost but provides excellent quality and value for money. It has also earned the reputation of providing excellent customer service. The Chinese attitude towards work ethics and building relationships, which reflected in the company’s working, helped build the large empire in Africa. For Huwaei Technologies, Africa was not just a vast market; it was also a training ground that was going to help it build its global brand.

    For Africa the company has helped set up a communications infrastructure that has transformed the lives of the African people by easing their communication issues and has provided jobs to 400 people in Kenya and 3000 in the whole Sub Saharan Africa region. Huwaei has its headquarters in Kenya to service neighboring countries like Uganda, Tanzania, Congo and Ethiopia among others.

    The growth graph of Huwaei Technologies and the strategies adopted by the company to establish their network in African nations is a role model for other Chinese companies. It has worked hard to dispel old misconceptions and prove its credibility and commitment to African development. Its superior customer service network has been a big factor in its success. That is one of the reasons that the company’s performance has not been affected by the recession. Other Chinese companies need to study their strategies if they wish to do well in the African continent.

    Source : Manufacturers Africa

    Tags: , , , , , , ,
    Posted in Non classé | No Comments »



    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

    Tags: , , , , , , , , , ,
    Posted in Non classé | No Comments »



    Rising exports from China to Africa

    Mardi, mars 24th, 2009

    Last year China exported goods worth $50.8 billion and the rise was estimated at a whopping 36.3 percent. The import of goods from Africa rose to 54% by a stunning $56 billion. These reports of February came from the customs data department and were reported by Xinhua, which is the Chinese news agency.

    These kinds of investments will further secure China’s presence in the continent of Africa in the form of accessing its natural resources. This is benefiting Africa also, since it is getting good attention in the times of global recession.

    China buys two thirds of Sudan’s petroleum exports. This has catapulted in the backing up of the dropping of criminal charges (by China) in the International Criminal Court, against Omar-al Bashir, who is the president of Sudan.

    Chinese President Hu Jintao has come into an agreement with the state of Tanzania for providing loans to buy the equipment related to farm machinery. In addition the agreement will allow the Chinese advisors to provide support in developing the infrastructure. The Chinese president has assured Tanzania to import more of its goods from the country in order to help preventing it from swirling down the global recession.

    Global recession is taking a toll on the world’s large economies. The smaller and the emerging economies like Africa are further succumbing to the pressure. More and more job cuts are creating panic and unless any other country helps it, this continent will face permanent depression. China is exactly doing that and becoming its benefactor. Recently, in February President Hu Jintao signed a mutual agreement in which Senegal, (another African country), will receive over $90 million in loans.

    This year in January, Chinese Foreign Minister Yang Jiechi signed a bilateral agreement in which $90 million will be given to Malawi to construct hotel conference center in its capital city, Lilongwe. China is also providing support both technological and financial, in building Parliament House and an expressway linking Zambia to North of Malawi.

    In July last year, Russia and China vetoed a UN Security Council resolution which recommended worldwide sanctions against President Robert Mugabe. The accusations against Robert Mugabe were of the nature of crushing the democratic rights and spoiling the nation’s economy.

    Source : China Africa

    Tags: , , ,
    Posted in Non classé | No Comments »




     
    Privacy Policy and Terms & Conditions
    ENGINEERING | AGRICULTURAL | INDUSTRIAL| HI-TECH PRODUCTS | CONTACTS| BLOG US| BLOG FR
    Footer ImageCopyright 2009, Chinafrica.asia. All rights reserved.