Because it's a compendium of great information! I pasted todays email below!
CCA MEMBER NEWS
Tenke-Fungurume (Freeport-McMoRan) November 2010 Newsletter
Freeport-McMoRan
Click here <http://www.africacncl.org/ps4d/E-News_11_EN_2010.pdf> for the Tenke-Fungurume (Freeport-McMoRan) November 2010 Newsletter.
INFRASTRUCTURE
African Development Bank Invests Over $1 Billion in African Energy Projects
African Development Bank
In line with its strategy to boost energy infrastructure to accelerate Africa’s development, the African Development Bank Group approved over $1 billion in energy projects across the continent during the last few weeks of 2010. Read more>> <http://www.afdb.org/en/news-events/article/afdb-invests-over-usd-1-billion-in-african-energy-projects-7623/>
African Development Bank Invests $806 Million in African Transport Sector
African Development Bank
The African Development Bank board of directors approved $806.1 million loans and grants to finance a number of national and multinational transport infrastructure and related projects on the continent in the past two months. Read more>> <http://www.afdb.org/en/news-events/article/afdb-invests-usd-806-million-in-african-transport-sector-7630/>
African Development Bank Invests $100 Million African in Water Sector
African Development Bank
The African Development Bank Group has approved 3 projects in the water sector in the last few weeks amounting to $114.35 million. The Bank strongly believes supporting the sector is important to enhancing economic growth, improving living conditions as well as the health and education sectors of beneficiary countries. Read more>> <http://www.afdb.org/en/news-events/article/afdb-invests-usd-100-million-african-in-water-sector-7626/>
Ethiopia Gets $224.3 Million Funding for Power Lines
Businessweek
Ethiopia secured $224.3 million from the African Development Bank to fund the construction of four electricity transmission lines to improve its own power supply and help development in neighboring countries, the lender said. Read more>> <http://www.businessweek.com/news/2010-12-21/ethiopia-gets-224-3-million-funding-for-power-lines.html>
Morocco Wins 300 Million Euro Loan for Rail Project
Reuters Africa
The African Development Bank has granted Morocco a 300 million euro loan to finance a rail project, the bank said on Tuesday. Read more>> <http://af.reuters.com/article/moroccoNews/idAFLDE6BK1WN20101221>
Vodacom to Explore Options for Congo Unit
Reuters Africa
South Africa's Vodacom said on Wednesday it has appointed investment bank Rothschild to explore options for its troubled unit in the Democratic Republic of Congo, signaling it may sell the business. Read more>> <http://af.reuters.com/article/investingNews/idAFJOE6BL08220101222>
EXTRACTIVE INDUSTRIES
India to Seek Coal Mines in Africa to Plug Shortfalls in Domestic Supplies
Bloomberg
India’s Coal Minister Sriprakash Jaiswal said state-run companies will seek deals to buy mines in South Africa, Botswana and Mozambique when he visits the continent next month in a bid to plug a domestic shortfall. Read more>> <http://www.bloomberg.com/news/2010-12-21/india-to-seek-coal-mines-in-africa-to-plug-shortfall-in-domestic-supplies.html>
Angola OKs 7 Gem Projects, Is Satisfied With Prices, Angop Says
Businessweek
Angola approved seven new diamond- mining projects this year and is satisfied with a rebound in the price of the stones, the chairman of the national gem company said, according to state news agency Angop. Read more>> <http://www.businessweek.com/news/2010-12-21/angola-oks-7-gem-projects-is-satisfied-with-prices-angop-says.html>
Sasol Looks for Gas to Boost Synfuels, Chemicals Operations
Reuters Africa
South Africa's Sasol is looking for more gas across Africa and beyond to boost its production of chemicals and synthetic fuels, but may also feed it into power plants if the economics make sense. Read more>> <http://af.reuters.com/article/investingNews/idAFJOE6BL07W20101222>
Sasol's Gas and Oil Projects
Reuters Africa
South African petrochemicals group Sasol is looking for more gas across Africa and beyond to boost its chemical and synthetic fuel production, but may opt to use gas for power if the economics make sense. Below is a list of the main projects at Sasol Petroleum International, its upstream unit. Read more>> <http://af.reuters.com/article/mozambiqueNews/idAFLDE6B81H420101222>
ECONOMY
Burkina Faso’s Compaore Plans Mining, Cotton Boost in New Term
Bloomberg
Burkina Faso President Blaise Compaore wants to lure investment in gold mining and boost cotton production during his new five-year term as leader of one of the world’s poorest counties. Read more>> <http://www.bloomberg.com/news/2010-12-20/burkina-faso-s-president-compaore-plans-mining-cotton-boost-in-new-term.html>
Egypt's Economy to Grow Steadily Over Next 2 Years
Reuters Africa
Egypt's economy will grow steadily over the next two years thanks to growing private investment but the expansion will be slower than that forecast by government officials, a Reuters poll showed on Tuesday. Read more>> <http://af.reuters.com/article/investingNews/idAFJOE6BK0DV20101221>
Gulf Firms Wary of Investing in Southern Sudan
Reuters Africa
The semi-autonomous south -- due to vote on its future on Jan. 9 -- suffers from an almost total lack of infrastructure, but concerns over the region's stability will overshadow huge investment opportunities there, executives from major Gulf companies said. Read more>> <http://af.reuters.com/article/sudanNews/idAFLDE6BI04Y20101220>
AGRICULTURE
Mozambique Aims to Raise $645 Million to Fund Its National Irrigation Plan
Bloomberg
Mozambique’s government plans to raise $645 million by 2019 to finance a national irrigation project, according to a statement issued after a Cabinet meeting yesterday. Read more>> <http://www.bloomberg.com/news/2010-12-22/mozambique-aims-to-raise-645-million-to-fund-its-national-irrigation-plan.html>
African Farmers Displaced as Investors Move In
The New York Times
Across Africa and the developing world, a new global land rush is gobbling up large expanses of arable land. Despite their ageless traditions, stunned villagers are discovering that African governments typically own their land and have been leasing it, often at bargain prices, to private investors and foreign governments for decades to come. Read more>> <http://www.nytimes.com/2010/12/22/world/africa/22mali.html?pagewanted=1&_r=1&ref=africa>
EBCAM
Click here <http://www.africacncl.org/ps4d/EBCAM_MEMORANDUM_N_162-2010.pdf> for English and French news articles on: strengthening food safety systems in African countries, the volume of EU development finance, an EU plan to lure African minerals, and more.
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