China's USD20bn for Africa
GOVERNMENTBy BiztechAfrica - July 20, 2012, 5:29 p.m.
China says it will provide a USD20 billion line of credit for infrastructure development in Africa.
Chinese President Hu Jintao told Government Ministers from 50 African countries at the 5th Ministerial Forum on China-Africa Cooperation (FOCAC) conference in Beijing that China would to assist them in developing infrastructure, agriculture, manufacturing and small and medium-sized enterprises.
Among his pledges, the President saidChina would build more agricultural technology demonstration centers as necessary to help African countries increase production capacity. China will also implement the "African Talents Program" to train 30,000 personnel in various sectors for Africa, offer 18,000 government scholarships, and build cultural and vocational skills training facilities in African countries.
The country also plans to will deepen medical and health cooperation with Africa, help African countries enhance capacity building in meteorological infrastructure and forest protection and management, and assist with projects to supply safe drinking water.
China's trade with and investment in Africa have been expanding, he noted, saying in 2011, our two-way trade reached 166.3 billion U.S. dollars, three times the figure in 2006. Cumulative Chinese direct investment in Africa has exceeded 15 billion U.S. dollars, with investment projects covering 50 countries.
MORE GOVERNMENT NEWS
Kaberuka addresses Africa’s infrastructure gap at OECDAfrican Development Bank President Donald Kaberuka made a strong case for the importance of tackling private investment impediments in the African infrastructure agenda during the joint AfDB, Organisation for Economic Co-operation and Development (OECD) and International Growth Center (IGC) event in Paris. Read More
Kenya inaugurates Universal Service boardKenya’s new Universal Service Advisory Council (USAC) has been inaugurated by the Cabinet Secretary, Information, Communications and Technology. Read More
Education Minister: ICT vital in schoolsBotswana’s Acting Minister of Education and Skills Development, Mokgweetsi Masisi, has called for an increased uptake of ICTs in all schools in the country. Read More
Innovation Hub introduces new officesThe Botswana Innovation Hub (BIH) has opened two new offices to services its wider clientele base. Read More
Orange, DRC govt sign fibre optic dealOrange and the government of the Democratic Republic of Congo have signed a deal which will see Orange take control of the country’s fibre optic platform. Read More
NCC presents telecoms governance codeThe Nigerian Communications Commission (NCC) has launched a Corporate Governance Code for the telecommunications industry. Read More
CBN starts bank verification number initiativeThe Central Bank of Nigeria has commenced the first phase of the enrolment of bank customers under its Bank Verification Number initiative. Read More
Botswana, Germany, France in ICT/cultural exchangeThe Botswana College of Open and Distance Learning (BOCODOL) is in the second year of an educational exchange that involves students from France and Germany. Read More
Ghana launches girls’ e-learning campaignAn interactive distance-learning project — Making Ghanaian Girls Great! (MGCubed) — has been launched at Prampram in the Greater Accra region. Read More
FEATURED STORYWidening ICT skills gap: Cause for concern
Nigeria's FDI gains could be eroded by the widening gap in indigenous skilled ICT manpower, writes Kokumo Goodie.
BEST READ NEWS
IN DEPTHKenya rolls out e-extension to improve agriculture
In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.
COMPANY NEWSHow the cloud can power entrepreneurship and urbanisation in Africa
Cloud computing is not only fundamentally changing the way business operates, it is also driving a new wave of job creation opportunities, says SAP Africa.