In this week's edition of the Emerging Powers News Round-Up, read a comprehensive list of news stories and opinion pieces related to China, India and other emerging powers...
1. China in Africa
Chinese Firms to Invest in Ethiopian Leather Sector
Two big names in the Chinese leather sector have announced that they will invest $2 billion in the Ethiopia, according to Capital. The 10-year deal, signed in January, would be a big boost to the Ethiopian sector and could create more than 100,000 jobs. Under the deal, a light manufacturing zone would be established in Ethiopia, which could create employment for over 100,000 people, with an annual production turnover worth $4 billion.
Chinese investment in Tanzania bears bitter fruit
Kipawa, a district of Tanzania's commercial capital, Dar es Salaam, used to be a lively neighbourhood, home to about 1,300 families. Many residents had lived there for most of their lives. Now, the area has been completely demolished and fenced in. A sign on the fence says a Chinese company, China International Fund, is to construct a terminal building here as part of a project to extend the country's main airport.
Zimbabwe: China Donates U.S.$14 Million Goods
CHINA yesterday handed over a consignment of rice and wheat worth US$14 million to the Zimbabwean Government for distribution to the poor. The consignment comprised 9 722,85 tonnes of wheat and 4 908,80 tonnes of rice. Accepting the donation in Harare, Agriculture, Mechanisation and Irrigation Development Minister Joseph Made, said the assistance had come at an opportune time. He said some parts of the country were facing food shortages.
Construction Of Massive Chinese Auto Plant In South Africa To Begin Soon
It's all systems go for the construction of a multi-million Rand Chinese vehicle manufacturing plant in South Africa's Eastern Cape Province. Officials from China's leading automobile manufacturer, First Automobile Works' (FAW), signed a contract with the Coega Industrial Development Zone (IDZ) earlier this week to mark the beginning of construction on the company's US$100 million truck and passenger car plant to be built at the IDZ.
2. India in Africa
AU, India boost science, technology ties
The African Union and the Government of India are to set up Africa-India Joint Science & Technology Committee to boost cooperation between India and Africa on matters touching on science. This was one of the outcomes from the 1st India-Africa Science and Technology Ministerial Conference and Tech Expo held on 1-2 March 2012 in New Delhi attended by Ministers in charge of Science and Technology from Africa and India.
PM says India committed to partnership with Africa, announces more initiatives for capacity-building
Prime Minister Manmohan Singh today said India has a vision for a partnership with Africa to deal with some of these common challenges of the 21st century, with agriculture identified as the first area of cooperation under this framework. "That is why we initiated the India-Africa Forum Summit process in the year 2008, during which the leaders of India and Africa agreed on a Framework for Cooperation for a sustainable and wide-ranging partnership in development," Singh said in his inaugural address at the Golden Jubilee celebrations of the Afro-Asian Rural Development Organization here today.
3. In Other Emerging Powers News
Beyond Trade: Brazil’s Aid to Africa
First it started because they shared the same language. Then it prospered thanks to then-President Luiz Inácio Lula da Silva’s political vision towards the developing world, and Africa in particular. President Dilma Rousseff has since followed Lula’s footsteps and visited various African countries. Now, Brazil has become a net donor country and its food experts are active across the continent, from Accra to Dakar, as well as Maputo and Luanda. As a result, Brazilian investors are also benefiting from a positive perception across Africa.
BRICS to explore setting up development bank
The BRICS summit of Brazil, Russia, India, China and South Africa March 29 will explore a slew of new ideas, including a development bank and an investment fund that can spur the development of the emerging and developing countries. These are among some of the recommendations made by the BRICS academic forum that brainstormed ideas and proposals for the BRICS leaders' meeting that ended in New Delhi Tuesday.
BRICS can transform global governance: India
Ahead of the BRICS summit in New Delhi, India on Monday said the grouping of five major emerging economies was not ranged against anyone but is "a responsible transnational grouping" that can play a critical role in reforming global governance. "We are not a bloc, not an ideological group ranged against anyone," Sudhir Vyas, secretary (economic affairs) in the external affairs ministry, said at the launch of the two-day conference by academics and experts from BRICS countries comprising Brazil, Russia, India, China and South Africa.
4. Blogs, Opinions, Presentations and Publications
WWF proposes China-Africa cooperation for green economy
“In recent years China’s outward investments have grown at a fast pace particularly in Africa and the trend continues,” said Dr. Li Lin, Deputy Country Representative at WWF China. “Investing in sustainability is fundamental for both Africa and China’s long-term prosperity. It is in both China’s and Africa’s interests that high environmental standards are part of the aid, trade and investment portfolio of China in Africa, positively influencing China’s footprint in the continent.” WWF’s proposals target three major sectors: financial cooperation, extraction of natural resources and clean energy.
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