Emerging powers news roundup

General News

The Scramble for Africa: Profiting From World’s Largest Cache of Commodities
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China & Africa
China shies away from role as global power
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RIO Tinto and Chinalco are getting back together less than a year after the acrimonious breakdown of their $US19.5 billion investment deal
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Chinese fishermen freed after Cameroon kidnap
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WISCO spends USD 68.46 million for holding of Bong Mine in Liberia
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Political rivalries in Algiers deepen as Chinese companies are named in an anti-corruption probe into Africa’s biggest road project More

Nigeria: Manufacturers frown at China’s dumping of cheap products More

Sino-Africa trade relationship hits record high in two years More

Slowly but surely the Chinese settled in Burundi
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China took a step closer to securing valuable new oil reserves in Uganda More

Additional $1m needed to repair earthquake damaged road in Malawi More

Vital lessons to our leaders from the Chinese work ethic More

Senegal seeks resolution of energy crisis
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Chinese targeted in Africa More
Kenya says oil explorer interest is returning More

Angola wants to strengthen cooperation with China
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CNEEC gets lion’s share of Morupule
A consortium of China National Electric Equipment Corporation (CNEEC) and Shenyang Blower Works Electro-Mechanics Import and Export Co. Ltd signed the Engineering-Procurement-construction (EPC) turkey basis contract with the Botswana Power Corporation (BPC). In the contract NCEEC will take full responsibility of constructing of the Morupule B power station in Palapye.
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Chinese firm given land deal in Sudan
The Chinese company ZTE received an allocation of approximately 10,000 hectares of land from the Ministry of Agriculture. The deal aims at boosting production of wheat and maize, state media reported. More

India & Africa

Address by Minister of State for External Affairs Dr. Shashi Tharoor at the CII-EXIM Bank Conclave on India Africa Project Partnership More

Tanzania revokes railway management contract with Indian firm
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Govt. to set up incubators in Africa for SME skill development
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Ethiopia wants to attract tourists from China, India
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India a terrific example for Africa: Togo PM (Interview)
Togo's Prime Minister says Africa is increasingly looking at India as a knowledge power and believes Indian enterprises should scale up investment in the West African country More

India-Africa business conclave opens with large African participation
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Indian companies invest $277m in six Ghana projects
Indian businesses operating in Ghana have altogether invested $277 million in the country, the Calcutta News has reported citing vice president John Mahama, without naming the specific companies and the projects they are investing in. The Vice President is currently attending the India-Africa Project Partnership Summit in India.
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Indian IT companies eye Latin American and African markets for business expansion More

India to establish 19 institutions in Africa to develop human resources
External Affairs Minister S M Krishna today said that India would establish 19 institutions to develop human resources and capacities in Africa under the decisions taken at the India-Africa Forum Summit (IAFS) here in April last year.
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India mends Uganda kids' hearts More

India is source of 'inspiration' for Mozambique: Envoy
Mozambique is finalising two key agreements with India, one on double taxation avoidance and another on conferring most favoured nation status, to strengthen its trade and economic ties with a nation which it sees as an 'inspiration' More

India pursues functional collaboration with Africa More

India and the African Union (AU) have finalised a Plan of Action of the Framework for Cooperation of the Indian Africa Forum Summit
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Tharoor unveils Indian model of engagement with Africa More

Godrej Consumer Products Ltd announced on Saturday that it has agreed to buy Nigerian soap maker Tura in a bid to increase its presence in West Africa
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India-Malawi to cooperate in agriculture, SME and IT sector More

In Other News....

Russia plans to take part in Egypt's nuclear power plant tenders More

The Next Big Opportunity for Big Pharma is BRIC More
Russian arms score big in North Africa
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Russia's powerful oil and gas company Gazprom has announced its first operation in Africa, starting to drill a prospecting well in Algeria's Berkine basin. More
Spread of Nigerian Companies in West Africa More
Turkish President Wraps Up Successful African Tour More

Sheikha Lubna Al Qasimi, Minister of Foreign Trade of the UAE has praised trade relations with Africa More
South Africa's Zuma to visit Uganda with oil investors More

For the second successive month South Africa has not been a favourite among international investors buying into emerging markets More

BROUGHT TO YOU BY PAMBAZUKA NEWS

* Compiled by Anna Lena Wachter, intern based with the Emerging Powers in Africa programme.