The race to clinch African investment is not for China alone as more Brazilian companies are moving into Africa to cement economic ties with the continent’s emerging markets. A couple of years back, world No2 miner, Vale, pitched its tent in Africa by exporting its first overseas coal shipment from Mozambique. It started with the [...]
China To Invest Massively in Zimbabwe’s Development
June 12, 2012 | Posted by
China has committed to investing in Zimbabwe’s failing water, power and transportation infrastructure, after a recent meeting with Prime Minister Morgan Tsvangirai and government ministers Gordon Moyo and Samuel Sipepa Nkomo in Bejing. During the visit, Tsvangirai told Chinese officials that Zimbabwe needed assistance to begin “an aggressive program of infrastructure rehabilitation.” Nkomo, the Water [...]
Chinese Deny Colonization of Africa
May 14, 2012 | Posted by
In a direct response to skeptics, Chinese officials have said that China has no intention of colonizing Africa economically or industrially through its investments. This came during the ongoing seminar in Tianjin, China, titled “The Construction and Management of Development in Industrial Area.” The seminar was organized by Tianjin Technological and Economical Development Area (TEDA) [...]
An Oasis For New Investment: Africa a Hi-Tech Boom, with 1.2 Billion Inhabitants
May 9, 2012 | Posted by
They say necessity is the mother of invention and they talk about “Mother Africa”. Therefore, the tech revolution had to take root to inventive others here, changing outsider perceptions of the continent. Investors, though, have been slow to tap into Africa’s tech boom. “Africa is writing history for all the right reasons now. The amount [...]
