China's USD20bn for Africa
GOVERNMENT| 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
SES, CENI partner on satellite network for Burkina Faso electionsOver 350 polling stations across Burkina Faso will be connected and voting results transmitted immediately via satellite communication technology. Read More
Lawmakers urge review of CBN’s cashless policyNigerian lawmakers are rooting for the review of the cashless policy of the Central Bank of Nigeria (CBN) which they described as constraining Nigerian’s ability to spend money for businesses and personal transactions. Read More
Guinea turns to Gemalto to modernise its national voter registerGemalto has managed a comprehensive modernisation of Guinea’s voter register on behalf of CENI, the National Independent Electoral Commission. Read More
NIMC apologises for service disruptions at enrolment centresThe management of the National Identity Management Commission (NIMC) has apologisd to Nigerians who are currently facing challenges enrolling on its platform. Read More
ComTech minister: Buhari will decide on MTN fineNigeria’s new Minister of Communications Technology, Barr Adebayo Shittu, has said President Muhammadu Buhari will soon take a decision on the payment of the N1.4trillion ($5.2billion) fine imposed on MTN by the NCC. Read More
New NIMC CEO namedNigerian President Muhammadu Buhari has approved the appointment of Engr. Aliyu Aziz Abubakar, as the new Director General and Chief Executive Officer of Nigeria’s National Identity Management Commission (NIMC). Read More
GSM service providers risk fresh regulatory sanctionsThe NCC is set to sanction the three of the four GSM service providers for failing to comply with its directive on auto-renewal of subscribers’ data bundles. Read More
Mobile Compact Lab presented to BotswanaThe Global Pharma Health Fund, a charitable initiative funded by Merck, a leading science and technology company, has donated a mobile compact laboratory to the Health Ministry in the capital city of Gaborone to help detect counterfeit medicines. Read More
KRA sweeps marketing excellence awards for the authority’s iTax solutionThe Kenya Revenue Authority (KRA) has added yet another feather on its cap, after winning a Marketing Society of Kenya (MSK) award. Read More
NCA sets new timetable for digital dividend auctionGhana’s telecoms regulator has revised its time table for the sale of LTE spectrum in the 800 MHz Band. Read More
FEATURED STORYeCommerce in Africa urged to take advantage of mobile
The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets.
BEST READ NEWS
IN DEPTHNigeria needs $25b investment in broadband, says Wood
Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.