Subscribe free to our newsletters via your
. Military Space News .




AFRICA NEWS
China says investment in Africa 'mutually beneficial'
by Staff Writers
Accra (AFP) Jan 09, 2014


China's foreign minister Wang Yi on Thursday promised that his country's economic growth would benefit Africa, as he met Ghana's President John Dramani Mahama in Accra.

Wang, who is on a four-nation African tour, called 2014 a year of "ever-deepening reform" in China, with the target of "national rejuvenation".

"The 1.3 billion people of China are working towards the modernisation of our country, something if achieved will be never-before seen in the history of mankind," he said.

"Yet we have the confidence and the capability to achieve that strategic goal and in that process we are most willing to grow and prosper together with our African brothers."

China has increasingly eyed Africa to fuel and fund its burgeoning economy, which last year is estimated to have grown 7.6 percent, according to a government report.

Senior ministers and presidents Hu Jintao to Xi Jinping have personally courted African nations, with deals signed in sectors from oil and gas to agriculture and infrastructure.

In January 2012 Wang's predecessor Yang Jiechi hailed Africa a "golden ground" for foreign investment while Beijing last July pledged to double its aid to the continent to $20 billion a year.

Chinese trade with Africa stood at $200 billion in 2012, prompting talk of the continent as a potential battleground for a proxy economic Cold War with Western powers.

Wang said emerging oil producer Ghana, which has enjoyed high growth rates in recent years and been a relative haven of stability in volatile west Africa, was an ideal partner.

"We believe there is a lot we can learn from them," he said through a translator, adding that Chinese involvement in Africa could have "mutual benefits" for everyone.

The Chinese Development Bank has agreed a $3 billion loan to Ghana's government to fund a variety of infrastructure projects, including in gas supply.

Mahama said the work would transform the country but expressed concern as only about $600 million of the loan had so far been disbursed, causing delivery delays.

"We are very anxious to have that matter dealt with," he added.

.


Related Links
Africa News - Resources, Health, Food






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AFRICA NEWS
A year after Mali action, France remains 'Africa's gendarme'
Dakar (AFP) Jan 08, 2014
A year after dispatching warplanes and troops to repel an Islamist incursion in Mali, France is fighting in another of its former colonies, demonstrating it is destined to play reluctant "gendarme" in Africa, say analysts. With the Mali intervention deemed a success by the international community, France is withdrawing most of its soldiers but has launched another operation in the Central Af ... read more


AFRICA NEWS
Satellite of Russia's early warning constellation burns down in atmosphere

Raytheon begins building 12th AN/TPY-2 ballistic missile defense radar

SBIRS Geo-2 Missile Defense Early Warning Satellite Certified For Operation

Patriot missiles demonstrate field readiness

AFRICA NEWS
Israel successfully tests Arrow space missile interceptor

Israel, US carry out missile test during Kerry visit

Raytheon awarded $80.5 million from US Navy for Joint Standoff Weapon

Missiles fired from Lebanon trigger Israel shelling: army

AFRICA NEWS
UAS Test Site Selection Good News for NASA Langley, Wallops

US names drone testing sites

FAA announces locations for future drone testing sites

US drone strike kills three in northwest Pakistan

AFRICA NEWS
Rocket Rokot brings 3 Russian military-purpose satellites on orbit

US Air Force selects Raytheon's high-bandwidth satellite terminal for secure, protected communications

Military Communication Improved as 6th Boeing-built Wideband Satellite Enters Service

Radio Gateway Connects US and Allied Troops to a Common Mobile Network

AFRICA NEWS
Raytheon awarded $12.9 million Cooperative Engagement Capability contract

Boeing Delivers Final Focused Lethality Munition to USAF

US Army Awards Raytheon contract for Excalibur Ib

Russia's Kalashnikov, designer of AK-47, dies

AFRICA NEWS
Aborted defence deal underlines India's procurement problem

Nexter calls for bidding expense reimbursement

Greek defence probe brings belated gains

Russia buries Kalashnikov in new 'pantheon' for heroes

AFRICA NEWS
Outside View: Three New Year's wishes

Japan FM leaves for Spain, France amid China row

Japan scrambles jets against China plane

Harry Potter wizard invoked as Japan admits no hope of China summit

AFRICA NEWS
DNA motor 'walks' along nanotube, transports tiny particle

Cellulose nanocrystals possible 'green' wonder material

Microprinting leads to low-cost artificial cells

New magnetic behavior in nanoparticles could lead to even smaller digital memories




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement