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In this week's emerging powers news, south-south cooperation is cemented in new partnerships, Africa seeks frameworks for managing new resource-driven weatlh, BRIC and South Africa commit to mitigating climate change, and the AU keen to forge closer ties with China.

Economic News

Increasing dynamics in South-South cooperation- Economic recovery after world recession powered now in deals among the relatively disempowered: To NAFTA there is now a CAFTA. (3rd article) More

Foreign Direct Investment Faces Modest Recovery, but long term investor remain cautious. More

Despite failed large-scale telecom deals, Africa is still an active investment destination for international telecom investors More

Emerging-market stocks fell for a sixth day, but „Emerging markets are the most attractive places to invest“ More

Africa, inching toward stability, becomes the continent of the long game and holds great investment opportunities More

How is Africa to manage its new wealth? The search is on for a framework to manage countries' resource-driven wealth. More

Nigeria and Angola- the two top African petroleum producers- compete for prime supply contracts at high export prices More

Bilateral Relations and Investment

General

Activists, Researchers Raise Alarm on Africa's 'Land Grab' More

Ministers from the "Basic Four" countries, which include South Africa, India, China and Brazil, have re-emphasised their commitment to working together to mitigate climate change More

China

The African Union keen to forge closer ties with China More

China is willing to use its super power clout to enhance peace and security in the eastern DRC More

China’s march in Kenya upsets local firms More

China will reschedule Ziscosteel's debt to 2013 and signs an agreement with Harate on several investment projects in return More

China's ZTE gets $378m South Africa deal More

State-owned Chinese oil company may enter Uganda’s oil sector in a partnership with Tullow Oil More

China expands relations with and investment in Ethiopia More

China to aid Somalia anti-piracy force: diplomat More

Chinese in Africa 'For Simple Profit'? China's ambassador to SA: „If business investments were made for political reasons, they would hardly be sustainable.“ More

India
Nigeria Crude Oil Export to India Hits $10bn in 2009. More

ComAfrique initiative launched in Gambia:a basic sustainable solar rural lighting project in co-operation between the government and the Indian Embassy in Gambia. More

India set for heavy investments in Nigeria's energy sector and signs agreement with Angola to bid jointly for oil and gas projects andoffered to set up a refinery. More

Tanzania to Revoke Railway Pact with Rail India Technical and Economic Services (RITES) More

India offers assistance for development of Uganda's oil, gas sector More

Others

Australia seeks to strengthen ties with South Africa More

Australia takes a softer approach on Zimbabwe and agrees to assist the country. More

Nurses from India, Singapore and the Pillipines cure staff shortage in South Africa More

Latin America and China have a mutual interest to build the bridges that will bind „their vital, though still awkward, partnership“- obstacles and chances in Latin American-Chinese relations. More

Egypt's Orascom Construction Industries (OCI) has formed a 50/50 joint venture with Morgan Stanley to develop and invest in infrastructure in the Middle East and Africa More

Upcoming Events and Summits

The 2nd Africa CemenTrade Summit takes place in Dakar, Senegal, providing an in-depth view into cement trade and investment opportunities from more than 10 major African cement markets. More

Key Industry Players gather in South Africa for Mining Indaba in the beginning of February 2010. More

Ghana to host 7th Africa Investment Forum in February 2010 with a focus on the theme 'Accelerating Intra-African Trade and Investment'. More

BROUGHT TO YOU BY PAMBAZUKA NEWS
* Sanusha Naidu is the research director of Fahamu's China in Africa programme.
* Please send comments to [email protected] or comment online at http://www.pambazuka.org/.