jilla82
Superstar
How much of the growth in a country like Nigeria is due to China's investing in Africa?
When I was in China I saw several programs about how the Chinese were all over Africa.
Essential The Africa the Media Doesn't Tell You About
- Thread starter TommyHilltrigga
- Start date
When I was in China I saw several programs about how the Chinese were all over Africa.
Enugu pineapples ‘going to Europe’ this year
Pineapples grown on state-owned Enugu-San Carlos 150-hectare pineapple farm will begin to make their way to Europe for export this year, state commissioner for information, Chuks Ugwoke, has said. The 150-hectare farm is a joint venture (JV) owned by the Enugu state government and Mexican farming conglomerate, San Carlos. Approved by the Enugu state government in 2012, the JV was established for commercial production of pineapple for both local consumption and export. Speaking Monday’s state executive council meeting presided over by Governor Sullivan Chime at the Government House, Ugwoke said the government was considering expanding its agricultural business on the farm, as the council had approved the sum of N880.9m for the introduction of banana and livestock, particularly cattle. Other investments include the sum of N1.1bn for the completion of construction work on two major inter-local government rural roads in parts of the state and about N48.8m for the implementation of the health commodity supply in Awgu, Enugu East, Igbo-Eze South, Nkanu West, Nsukka and Udi local government areas. To encourage agribusiness in the state, Ugwoke said the state council directed that a bill should be drafted for a law to upgrade the State College of Agriculture and Agro-Entrepreneurship in Iwollo Oghe, as well as the Enugu State Polytechnic. If the bill is passed into law by the state house of assembly, it will reduce the bottlenecks of seeking admission into higher institution of learning and also facilitate investment from other parts of the country.
Read more at: http://www.thecable.ng/enugu-pineapples-going-to-europe-this-year | TheCable
CHINA WEAVES BILLIONS INTO KENYAN TEXTILE INDUSTRY
By: Elayne Wangalwa
Last Updated: 05 September 2014|16:16 GMT
Chinese firm, Jiangsu Lianfa Textile Company Limited, has committed to build a textile plant in Kenya.
Chinese firm, Jiangsu Lianfa Textile Company Limited, has committed to build a textile plant in Kenya. PHOTO: World Textiles
The textile plant, which will be located in the outskirts of Kenya’s capital, will sit in a 50,000 acre cotton farm in Naivasha and should cost about 44 billion Kenyan shillings (500 million US dollars).
Kenya’s Cabinet Secretary for Industrialisation and Enterprise Development Adan Mohammed and Jiangsu Lianfa Textile Company president Xiangjun Kong signed the deal on Thursday.
According to Mohammed, the textile factory which will be one of the largest in the continent will create more than 30,000 jobs. The plant is expected to produce goods worth 1.5 billion dollars per annum and is also anticipated to triple, the East African nation's annual production of textile goods.
(READ MORE: Africa the next textile manufacturing hub)
Textile production recorded a 6.5 per cent growth in 2013 predominantly supported by manufacture of twine, cordage and rope as well as knitting wool.
Earlier the Chinese company disclosed that it has completed pre-investment evaluations to build a textile factory in Addis Ababa, Ethiopia’s capital. The factory will create over 20,000 jobs once it starts operation.
The firm has also made similar pre-investment assessments in Uganda, and Tanzania.
(READ MORE: High costs slow down Kenya's textile industry)
In August, the Export-Import Bank of India said it will provide funding worth 7.9 billion Kenyan shillings for the expansion of Rift Valley Textile Company Ltd once the Indian government agrees to the proposal.
Last Updated: 05 September 2014|16:16 GMT
Chinese firm, Jiangsu Lianfa Textile Company Limited, has committed to build a textile plant in Kenya.
Chinese firm, Jiangsu Lianfa Textile Company Limited, has committed to build a textile plant in Kenya. PHOTO: World Textiles
The textile plant, which will be located in the outskirts of Kenya’s capital, will sit in a 50,000 acre cotton farm in Naivasha and should cost about 44 billion Kenyan shillings (500 million US dollars).
Kenya’s Cabinet Secretary for Industrialisation and Enterprise Development Adan Mohammed and Jiangsu Lianfa Textile Company president Xiangjun Kong signed the deal on Thursday.
According to Mohammed, the textile factory which will be one of the largest in the continent will create more than 30,000 jobs. The plant is expected to produce goods worth 1.5 billion dollars per annum and is also anticipated to triple, the East African nation's annual production of textile goods.
(READ MORE: Africa the next textile manufacturing hub)
Textile production recorded a 6.5 per cent growth in 2013 predominantly supported by manufacture of twine, cordage and rope as well as knitting wool.
Earlier the Chinese company disclosed that it has completed pre-investment evaluations to build a textile factory in Addis Ababa, Ethiopia’s capital. The factory will create over 20,000 jobs once it starts operation.
The firm has also made similar pre-investment assessments in Uganda, and Tanzania.
(READ MORE: High costs slow down Kenya's textile industry)
In August, the Export-Import Bank of India said it will provide funding worth 7.9 billion Kenyan shillings for the expansion of Rift Valley Textile Company Ltd once the Indian government agrees to the proposal.
AFRICA THE NEXT TEXTILE MANUFACTURING HUB
Last Updated: 14 March 2014|13:04 GMT
Multinational clothing companies have begun their exodus into Africa’s manufacturing space but this move has an undercurrent risk.
A textile worker. PHOTO: Getty Images
“I think we’re certainly entering into an era where Africa, certainly North Africa, starts to become more of a manufacturing hub. This is a very interesting development. Tesco [on Thursday] announced they’re going to expand their sourcing operations in Ethiopia, so they’re going to start making more clothes in the country, and this follows H&M, one of the biggest clothing companies in the world to also expanding their base in Ethiopia,” Dan McDougall, Sunday Times of London Africa correspondent, told CNBC Africa.
“This is generally perceived as a positive move – Africa starts manufacturing goods as opposed to importing goods particularly in the garment sector – but also comes with a lot of warning because we’ve obviously seen a lot of ethical issues in countries like Bangladesh and China, India and Pakistan in terms of textile manufacturing.”
Sub-Saharan Africa was once seen by a number of investors as a pure commodity play, but its rapid development has allowed the continent to become the next frontier market, with a number of untapped sectors.
(READ MORE: S.Africa's clothing retailers looking slightly stronger)
McDougall added that while there are strict global rules in terms of labour practices in the retail industry, companies nonetheless publically commit themselves to adhering to the highest international standards when expanding elsewhere.
Trade agreement legislations such as the African growth Opportunity Act (AGOA), which is between sub-Saharan Africa to the US, however facilitate frair trading relations and pricing of goods between markets.
“They’re [multinational companies] always covering their backs in some ways by saying we want to expand [our] operations, but everyone has to behave in terms of supply chains. There’s a strategic reason that major fashion firms are moving into the North of Africa. We already see this in Tunisia, we see it in Morocco, and we’ve also seen it in Turkey,” McDougall explained.
McDougall explained that Ethiopia was also much closer to London or Paris than a country such as Bangladesh was, indicating an additional strategic aspect to the exodus into Africa. Bangladesh and other South East Asian countries have traditionally been major textile manufacturing regions for a number of multinational companies.
(READ MORE: Retail centre oversupplying impacting industry)
“The reason that they’re actually making clothes in Africa is because it’s closer to Europe, closer to their supply base, so they can get the clothes quicker. There is a term called ‘fast fashion’ and that means that you’ve got to manufacture the clothes as quickly as possible to get into the stores as quickly as possible in real time. [This is] so that companies can respond to a bestselling item for example in a turnaround time of two or three weeks,” said McDougall.
Last Updated: 14 March 2014|13:04 GMT
Multinational clothing companies have begun their exodus into Africa’s manufacturing space but this move has an undercurrent risk.
A textile worker. PHOTO: Getty Images
“I think we’re certainly entering into an era where Africa, certainly North Africa, starts to become more of a manufacturing hub. This is a very interesting development. Tesco [on Thursday] announced they’re going to expand their sourcing operations in Ethiopia, so they’re going to start making more clothes in the country, and this follows H&M, one of the biggest clothing companies in the world to also expanding their base in Ethiopia,” Dan McDougall, Sunday Times of London Africa correspondent, told CNBC Africa.
“This is generally perceived as a positive move – Africa starts manufacturing goods as opposed to importing goods particularly in the garment sector – but also comes with a lot of warning because we’ve obviously seen a lot of ethical issues in countries like Bangladesh and China, India and Pakistan in terms of textile manufacturing.”
Sub-Saharan Africa was once seen by a number of investors as a pure commodity play, but its rapid development has allowed the continent to become the next frontier market, with a number of untapped sectors.
(READ MORE: S.Africa's clothing retailers looking slightly stronger)
McDougall added that while there are strict global rules in terms of labour practices in the retail industry, companies nonetheless publically commit themselves to adhering to the highest international standards when expanding elsewhere.
Trade agreement legislations such as the African growth Opportunity Act (AGOA), which is between sub-Saharan Africa to the US, however facilitate frair trading relations and pricing of goods between markets.
“They’re [multinational companies] always covering their backs in some ways by saying we want to expand [our] operations, but everyone has to behave in terms of supply chains. There’s a strategic reason that major fashion firms are moving into the North of Africa. We already see this in Tunisia, we see it in Morocco, and we’ve also seen it in Turkey,” McDougall explained.
McDougall explained that Ethiopia was also much closer to London or Paris than a country such as Bangladesh was, indicating an additional strategic aspect to the exodus into Africa. Bangladesh and other South East Asian countries have traditionally been major textile manufacturing regions for a number of multinational companies.
(READ MORE: Retail centre oversupplying impacting industry)
“The reason that they’re actually making clothes in Africa is because it’s closer to Europe, closer to their supply base, so they can get the clothes quicker. There is a term called ‘fast fashion’ and that means that you’ve got to manufacture the clothes as quickly as possible to get into the stores as quickly as possible in real time. [This is] so that companies can respond to a bestselling item for example in a turnaround time of two or three weeks,” said McDougall.
Tanzania receives $565 mln financing to expand port
By REUTERS
By Fumbuka Ng'Wanakilala
DAR ES SALAAM, Sept 12 (Reuters) - Tanzania signed a $565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub.
Tanzania wants to lift capacity to 28 million tonnes a year by 2020 from the 14.6 million tonnes it handled in the financial year 2013/14. The World Bank said in May that inefficiencies at the port cost Tanzania and neighbours up to $2.6 billion a year.
The port, whose main rival is the bigger but also congested port of Mombasa in Kenya, acts as a trade gateway for landlocked states such as Zambia, Rwanda, Malawi, Burundi and Uganda, as well as the eastern region of Democratic Republic of the Congo.
World Bank Group managing director Sri Mulyani Indrawati advised Tanzania to invite private sector participation in major infrastructure projects, but said that should be done with transparency and with proper regulations in place.
"It's not only that all these investments should be done by the public sector -- inviting more private sector participation can provide more investments," she said at a news conference after the signing of the port financing agreement.
Tanzania's Transport Minister Harrison Mwakyembe said investments in infrastructure projects would have a direct impact on creating much-needed jobs and expanding trade in East Africa.
"The Dar es Salaam port handles about 90 percent of Tanzania's trade, but port delays have been worsened by limitations in operational efficiency. We believe that this programme will turn around the port," he said.
The World Bank teamed up with Britain's Department for International Development (DFID) and Trade Mark East Africa, an organisation that aims to help regional integration.
The estimated $565 million cost would come from loans and grants, the World Bank said.
Tanzania, like its neighbour Kenya, wants to capitalise on a long coastline and upgrade existing rickety railways and roads to serve growing economies in the heart of Africa.
"Future growth of the economy depends on the port's ability to improve, to become more efficient and to be able to handle more trade," said Ros Cooper, acting head of DFID Tanzania.
The Dar es Salaam port handles $15 billion worth of goods a year, equivalent to 60 per cent of Tanzania's GDP in 2012. Tanzania's economy has been growing at a sturdy 7 percent a year, but analysts say poor infrastructure is a bottleneck. (Writing by Edmund Blair; editing by Edith Honan)
Read more: http://www.dailymail.co.uk/wires/re...-mln-financing-expand-port.html#ixzz3D8TTkuX2
Follow us: @MailOnline on Twitter | DailyMail on Facebook
By REUTERS
By Fumbuka Ng'Wanakilala
DAR ES SALAAM, Sept 12 (Reuters) - Tanzania signed a $565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub.
Tanzania wants to lift capacity to 28 million tonnes a year by 2020 from the 14.6 million tonnes it handled in the financial year 2013/14. The World Bank said in May that inefficiencies at the port cost Tanzania and neighbours up to $2.6 billion a year.
The port, whose main rival is the bigger but also congested port of Mombasa in Kenya, acts as a trade gateway for landlocked states such as Zambia, Rwanda, Malawi, Burundi and Uganda, as well as the eastern region of Democratic Republic of the Congo.
World Bank Group managing director Sri Mulyani Indrawati advised Tanzania to invite private sector participation in major infrastructure projects, but said that should be done with transparency and with proper regulations in place.
"It's not only that all these investments should be done by the public sector -- inviting more private sector participation can provide more investments," she said at a news conference after the signing of the port financing agreement.
Tanzania's Transport Minister Harrison Mwakyembe said investments in infrastructure projects would have a direct impact on creating much-needed jobs and expanding trade in East Africa.
"The Dar es Salaam port handles about 90 percent of Tanzania's trade, but port delays have been worsened by limitations in operational efficiency. We believe that this programme will turn around the port," he said.
The World Bank teamed up with Britain's Department for International Development (DFID) and Trade Mark East Africa, an organisation that aims to help regional integration.
The estimated $565 million cost would come from loans and grants, the World Bank said.
Tanzania, like its neighbour Kenya, wants to capitalise on a long coastline and upgrade existing rickety railways and roads to serve growing economies in the heart of Africa.
"Future growth of the economy depends on the port's ability to improve, to become more efficient and to be able to handle more trade," said Ros Cooper, acting head of DFID Tanzania.
The Dar es Salaam port handles $15 billion worth of goods a year, equivalent to 60 per cent of Tanzania's GDP in 2012. Tanzania's economy has been growing at a sturdy 7 percent a year, but analysts say poor infrastructure is a bottleneck. (Writing by Edmund Blair; editing by Edith Honan)
Read more: http://www.dailymail.co.uk/wires/re...-mln-financing-expand-port.html#ixzz3D8TTkuX2
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Bro, stop fukking bytching.......like goodness. This aint even some mod shyt, but damn. You've been crying all week. We're feeling out a new forum...relax.
Exactly...
Kooley_High
All Star
why is this moved?
TMNT4000
Superstar
Why the hell is this in the race track?
This isn't about race, is about Africa development.
This isn't about race, is about Africa development.
South Africa's Pistorius Guilty of Manslaughter
Judge Thokozile Masipa has acquitted Oscar Pistorius of murdering his girlfriend but convicted him of culpable homicide, saying he acted negligently when he fired through a toilet door in his apartment.
South Africa: Pistorius Guilty of Culpable Homicide
Pretoria — Paralympian Oscar Pistorius is guilty of culpable homicide, Judge Thokozile Masipa ruled in the High Court in Pretoria on Friday.
"The unanimous decision of this court is the following. On count one murder...the accused is found is not guilty...instead he is found guilty of culpable homicide," she said.
"There is no basis for this court to make the inference that the accused wanted to kill the deceased.
"The conduct of the accused shortly after the incident is inconsistent with someone who had wanted to commit murder."
She initially asked the 27-year-old athlete to stand up before she handed down her verdict.
He stood up with his hands folded in front of him.
He looked straight at Masipa and did not show any emotions when she said he was guilty of culpable homicide.
His family also showed no reaction.
The only sound in the court was that of reporters hastily typing the verdict.
Pistorius was accused of murdering his girlfriend Reeva Steenkamp in his Pretoria townhouse on Valentine's Day last year. He shot her through the locked door of his toilet, apparently thinking she was an intruder about to emerge and attack him. She was hit in the hip, arm, and head.
Masipa said evidential material before the court showed that Pistorius acted negligently when he fired into the toilet door, knowing there was someone behind it.
"It cannot be said that the accused did not entertain a genuine belief that there was an intruder in the toilet who posed a threat to him," she said.
"It could not be said that he foresaw that either the deceased or anyone else for that matter might be killed when he fired the shots at that door."
When Masipa announced her verdict Steenkamp's father Barry leaned forward and laced his fingers on the edge of the public gallery. Her mother June showed no emotion.
Steenkamp's friends started crying.
Her cousin Kim Martins was being consoled by her husband as she sat looking down after Judge Thokozile
Members of the Steenkamp family looked at Pistorius when he stood up.
Steenkamp's friend Gina Myers started crying and was consoled by her mother Desi and sister Kim.
Court was silent as Masipa read out the judgment.
Afterwards Pistorius sat down and stared straight ahead. One of his aunt's, seated in the front row, briefly closed her eyes and her lips moved as if she was praying.
He was also acquitted on charges of illegal possession of ammunition and one of the charges on the illegal discharge of a firearm in a public place.
But he was found guilty on the illegal discharge of a firearm in the restaurant Tashas in Melrose Arch, Johannesburg in January 2013.
The Daily Vox (Johannesburg)
12 September 2014
South Africa: OPTrial - Oscar Walks Away With Lesser Sentence
By Bheki Simelane
Judgement was handed down in the Oscar Pistorius case on Friday, with Judge Thokozile Mapisa finding Pistorius not guilty of murder but culpable homicide. Here's how ordinary South Africans' reacted to the trial.
Eric Langa, 30, unemployed, Chiawelo
Oscar is a white man, he will definitely walk free or will just be slapped with a lesser sentence which will see him walk free in a few years time. This country's laws favors the rich and white. We have seen it happen many times before. Our criminal justice system favors people with money. If, however he does walk free or is found guilty of an offence less than murder, then the rights of women in this country will have been dealt a fierce blow.
Lettie Shabalala, 27, hair stylist, Kwa-Zulu Natal
I have been following the Oscar Pistorius case even though not consistently. I think the killing of any woman by their men is wrong. The killing of women happen everyday in this country, let alone on valentines day. Should the Judge exonerate Oscar on the murder charge that will mean more men will get away with the murder of their partners.
Trust Ndlovu, 30, barista, Berea
Mr Pistorius was not supposed to have killed Reeva. He should have walked away when he saw that the situation was getting out of control but he chose to fight and now loo where his fight has landed him. The man deserves a life sentence for Reeva's murder. When will South African men ever learn to love their women and stop the abuse? The country's criminal justice system has been put in the spotlight and it must prove that it cares about the rights of women.
Melba Ramotse, 28, sales executive, Pretoria
Honestly I am disappointed with reports that the judge could not find Oscar guilty of the murder charge. It's such a sad thing to have happened to anyone, I mean Reeva's senseless murder. Oscar killed a person, the judge can alter the charges to something they call culpable homicide but it will not change the facts. Oscar himself knows this but it will eat him for the rest of his life. He killed Reeva and ought to pay the ultimate price for that. He is guilty of the intentional murder of Reeva. I do not buy his version that he thought he was being attacked.
Tsepo Thelane, 22, unemployed, North West
The killing of a human being by another can never be condoned as a good deed, its wrong. The only time I would regard our justice system as fair is when they lock Oscar up. It would be very sad if our justice system failed to put Oscar behind bars. Guns are kept in safes because they are not play things guns are not toys. They are for protection, for use when one's life is under threat and clearly Oscar's life wasn't under threat. If I was a judge I'd sentence Oscar to life imprisonment.
Captain Crunch
Veteran
Premeditated
MANDE KANG
Why is this in the Race Track?