According to FDI: Source from the State Property Management Commission recently, China Hydropower Group and CEB recently signed the commercial contract of Adjarala hydropower station project in Lome, capital of Togo, with the contractual amount of nearly EUR282m. The Adjarala hydropower station project is located on the Mono River where Togo and Benin meet.
Tagged under Global South & Transnational StrugglesChina has adopted an active and responsible attitude and substantial measures to confront the global financial crisis in cooperation with the international community. It has decisively implemented an active fiscal policy and moderately loose monetary policy in a timely fashion in order to stimulate the economy.
Tagged under Global South & Transnational StrugglesThe tiny, sweltering shop where Barnabus Ossai sells boxes of imported A4-sized printer paper is a world away from the trading floors and banking offices where the global economic crisis was born. Ossai doesn't hold a subprime mortgage — the 28-year old bachelor shares a small Lagos rental apartment with some 10 family members. And with a net worth hovering somewhere around zero, he's hardly exposed to risky collateralized securities.
Tagged under Global South & Transnational StrugglesConventional wisdom has it that, in the eyes of China, Latin America and Africa are largely interchangeable: vast tracks of land full of precious commodities. It’s simple, really: China invests billions building mines, derricks, roads and schools abroad in exchange for a steady supply of oil, iron ore, copper and bauxite to feed the factories back in Zhejiang.
Tagged under Global South & Transnational StrugglesCabinet ministers were among the dignitaries who witnessed the groundbreaking ceremony of Daheng Botswana Textile Industry in Phakalane on Monday morning. The project is funded by two Chinese companies, Daheng Holdings Group and Touch International Holdings Group, for US$52 million. The Phakalane Industrial Park will be the first phase of the project, which will major in textiles and clothing products.
Tagged under Global South & Transnational Struggles BotswanaChina's presence in Africa, "taken to be massive," is no t a threat to economic good governance, Carlos Oya, lecturer in development economic policy at the School of Oriental and African Studies (SOAS) of London Univer s ity, said here on Monday. According to Oya, who spoke at a seminar on the theme of "governance for African development", said there was a manipulation effect through the media which described China's presence in Africa as a threat to economic good governance.
Tagged under Global South & Transnational Struggles2 April 2009 may yet be marked as the day on which, through the catalysis of a global economic crisis, China definitively emerged as a 21st-century world power. Just a few months ago, the talk in western capitals was still about graciously inviting China to join the western club of G7 plus Russia. Now G20 is widely accepted as the new top table of world politics, and China is already seen as one of the biggest players at that table. The question now is: what kind of world power will China be?
Tagged under Global South & Transnational StrugglesTo the dignitaries gathered at Johannesburg's convention centre last month, haunting tales of a Chinese exodus from Africa must have seemed far from the truth. Beneath vast red banners, South African officials and their counterparts from Beijing unveiled a plaque to mark the opening of the first representative office of the China Africa Fund, a $5bn vehicle to further the Asian giant's investment splurge on the continent.
Tagged under Global South & Transnational StrugglesChina has agreed to buy bonds issued by the International Finance Corporation, an arm of the World Bank, to help finance trade credit, the People’s Bank of China said. The central bank did not give further details about the transaction in a statement on its website on April 1. The IFC’s new trade finance program “aims to provide liquidity support to financial institutions engaged in trade finance by providing them additional credit lines so as to restore the damaged trade finance channels and to fight the global economic recession triggered by the crisis,” the central bank said.
Tagged under Global South & Transnational StrugglesChina’s contribution to the International Monetary Fund will exceed Japan’s when new quotas are implemented, making it second only to the U.S., under a new formula agreed by the IMF last year, a People’s Bank of China official said. The central bank official, who declined to be identified, told Caijing that the IMF passed a resolution in 2008 to adopt the new formula this year. But the implementation was postponed after G20 finance ministers agreed in London last month conduct the next IMF quota review in 2011, bringing it forward from the original schedule of 2013.
Tagged under Global South & Transnational StrugglesThank you for the attention you have brought to the country of Haiti. In response to your New York Times op ed piece I wanted to widen your perspective a bit. I don't pretend to represent anyone. I've been living in Haiti since 1985. I grew up in New England with my Haitian mother and my American father during the 1960's and 1970's. Though my parents were both teachers, I'm nothing more than a musician/innkeeper. When I arrived in Haiti, the Creole pig, an indigenous Haitian pig which was the backbone of Haitian peasant life, had recently been wiped out because of a supposed threat of swine flu.
Tagged under Global South & Transnational Strugglesis one of the most coherent and cogent analysis of the current global crisis, its impact on Africa and most important of all, the necessary African response. It is no exaggeration to say that all of us and particularly those of us who aspire to a leadership role in Africa must study this document very, very closely indeed!!! This is no less than a key component of the new econo-political architecture of a 'Liberated, Unified and Transformed Africa!!!
Tagged under Global South & Transnational StrugglesChina’s continuing African trade investment and aid could act as a buffer for African economies, a recent report suggests. And if China can steer its way through the crisis it could become a ‘development partner of choice’, increasing its ‘soft power’ influence in the developing world and acting as a steadying factor in trade and investment compared to the West, writes Stephen Marks.
Tagged under Global South & Transnational StrugglesFrench President Nicolas Sarkozy, on a three-nation tour of Western Africa, pledged to break from his predecessors’ “neo-colonial” policies and forge business ties in the region. “We are still being reproached for neo-colonial interference,” Sarkozy said in Brazzaville, the capital of Republic of Congo, where he stopped after visiting the neighboring Democratic Republic of Congo. “I’ve already started bringing things back toward greater transparency and common interests.”
Tagged under Global South & Transnational Struggles
cc The Group of 20 (G20) is making a big show of getting together to come to grips with the global economic crisis, writes Walden Bello. But here's the problem with the upcoming summit in London on April 2: It's all show. What the show masks, says Bello, is a very deep worry and fear among the global elite that it really doesn't know the direction in which the world economy is heading and the measures needed to stabilise it.Tagged under Global South & Transnational Struggles
cc Barack Obama's claim that people of colour are ‘90 per cent of the way to equality’ with whites in the US is false, says activist Juan Santos in an interview with Il Manifesto’s Andrea Luchetta. Citing figures on unemployment, poverty and imprisonment, Santos suggests that the US operates under a caste system in which race plays a key part in determining social class. Obama's silence on the question of race in the run-up to the elections was tactical, says Santos – to dare to talk openly about race and oppression would alienate the millions of white centre-right voters whose support he needed to win the election. Racism, says Santos, rewards the powerful: 'They have no reason to stop racism unless its continuance results in a level of resistance that endangers the system of profit itself'.Tagged under Global South & Transnational StrugglesGovernments made their pledges over the Millennium Development Goals agreed in 2000, but it is civil society that could, more than anyone else, hold them to that promise. Salil Shetty, a civil society man coming as the head of ActionAid to head the UN millennium campaign, believes civil society has moved in from the margins; it is now at the heart of the world campaign for delivering these, and other rights.
Tagged under Global South & Transnational StrugglesNigeria and China have signed a contract for a new communications satellite that will replace one sidelined by a power failure, a newspaper reported Wednesday. According to the contract signed in Beijing on Tuesday, the replacement satellite has been named NIGCOMSAT-1R and is due to be launched by 2011 with no cost to Nigeria, the Lagos-based Guardian reported. The new space vehicle will replace NIGCOMSAT-1, which was launched on May 14, 2007, but was displaced on Nov. 10, 2008, because of a solar power failure that occurred on one edge of the satellite.
Tagged under Global South & Transnational Struggles NigeriaOn April 10th, family members of the Cuban Five imprisoned in the United States have an appointment in the U.S. Interests Section in Havana , Cuba , to request their visas. This will be the tenth time that Adriana Perez, wife of Gerardo Hernandez, will request a visa to see her husband in a prison in the U.S. where he is serving an unjust sentence. During a decade, the United States government has denied this couple the possibility of seeing each other.
Tagged under Global South & Transnational StrugglesThe number of chronically hungry people has surpassed the 1bn mark for the first time as the economic crisis compounds the impact of high food prices, the United Nations’ top agriculture official has warned.In an interview with the Financial Times, Jacques Diouf, director-general of the Food and Agriculture Organisation, warned that the increasing numbers of undernourished people could trigger political instability in developing countries.
Tagged under Global South & Transnational Struggles
Pagination
- Previous page
- Page 107
- Next page