Africa Finance Corporation (AFC) acquires inaugural US$300 million facility from Export-Import Bank of China

2018/11/10 – Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose.  Continuer à lire … « Africa Finance Corporation (AFC) acquires inaugural US$300 million facility from Export-Import Bank of China »

Africa can get more from its minerals by building industries to service mines

2018/09/10 – Multinational firms from Europe, North America and more recently China still dominate the extraction and refining of most of minerals mined in Africa with minimal roles for African firms. From these minerals, foreign manufacturing firms produce consumer and industrial goods for sale in global markets at much higher prices than what’s paid for the raw materials. This is a source of lots of angst among policymakers and economists who are calling for increased local participation in the mining industry. Continuer à lire … « Africa can get more from its minerals by building industries to service mines »

Japan/Africa – Africa aid should factor debt sustainability, Japan says

2018/08/10 – Japan will focus on high-quality infrastructure investment in its aid to Africa, the country’s foreign minister said Saturday, seeking to build its profile on the continent while distinguishing itself from China, whose massive contributions have stirred fears of debt traps. Continuer à lire … « Japan/Africa – Africa aid should factor debt sustainability, Japan says »

China defying the rules of the game with Djibouti military base

2018/04/10 – China opened its first overseas military base in Djibouti in 2017. Now, after a year of operation, many details have surfaced to provide a better idea of Beijing’s reason for the base, and its wider global calculations predicated on the facility. Beijing has always couched the rationale for the base in benign terms. This narrative, however, disguises its broader and larger ambitions. It also hides the increasingly sophisticated approach that China has adopted to pursue its goals. Djibouti is a critical step in the global ambitions of China’s military.China has consistently downplayed the importance of its outpost, including the capacity and purpose of the base. Before construction was completed, China called it an “overseas logistical supply facility.” That term gradually morphed, and now it is characterized as a “supply base” — still, however, not a “military” outpost. The Chinese media has been at pains to detail how the base cannot conceivably be compared to British or American facilities, for example, in terms of infrastructure, equipment and capabilities. The reason Beijing intentionally avoids the term “military base” is to dodge attention, suspicion and threat — mostly attention, albeit not successfully. For the undeniable truth remains: The base has been dominated, developed and used by the Chinese military. Continuer à lire … « China defying the rules of the game with Djibouti military base »

Canada/China – Montero, Jiang Xi Yun join forces for lithium production in Africa #Lithium

2018/09/26 – Canada’s Montero Mining and Exploration and China’s Jiang Xi Yun Lithium Materials are joining forces for the development of lithium production in Africa.

The two companies have signed a non-binding memorandum of understanding (MOU) in this regard with Montero expected to supply its future lithium production in Africa to Jiang Xi Yun Lithium under a long term off-take agreement. Continuer à lire … « Canada/China – Montero, Jiang Xi Yun join forces for lithium production in Africa #Lithium »

Britain has no hope of catching up with China in Africa

2018/09/09 – British prime minister Theresa May’s visit to Africa was always going to look rather forlorn. As Kenyan president Uhuru Kenyatta pointedly reminded her on the very last day of her tour, no British prime minister had visited Kenya for 30 years. Given the British imprisoned Kenyatta’s father during his country’s liberation struggle, it seemed more than a mere irony that the British were suddenly visiting again, but this time to petition African governments for more trade – perhaps in panic on the home stretch of the Brexit negotiations, as it becomes rapidly clear that the sums don’t add up. Continuer à lire … « Britain has no hope of catching up with China in Africa »

China, Africa to strengthen military exchanges, cooperation: MOD

2018/08/31 – China and Africa will strengthen military exchanges and cooperation for global peace and stability, the country’s Ministry of National Defense said on Thursday ahead of the upcoming Forum on China-Africa Cooperation (FOCAC). Continuer à lire … « China, Africa to strengthen military exchanges, cooperation: MOD »