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China-Africa development fund ready to finance more projects across continent
 
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Chinese companies have invested significantly in development on the continent. One such is the China-Africa development fund which is a Chinese private equity fund solely funded by China Development Bank. The fund is now looking to continue its work by providing funding to bankable projects all over the continent. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 469 CGTN Africa
Zambia-China Cooperation Zone boosts local growth
 
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Zambia's copper mining is now experiencing one of its worst periods. As the largest Chinese investor in Zambia, China Non-Ferrous Metal Mining Group has promosied their continual investment. The company has also built the Zambia China Economic and Trade Cooperation Zone(ZCCZ), which is the first Chinese built multi-facility economic zone in Africa. So far the ZCCZ has attracted around 50 investors with the total investment of over 1.5 billion USD to boost the country’s economic development. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 5289 CGTN
IMF missteps over huge China deal in the Congo proves costly
 
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In 2007 when China's Exim Bank unveiled a massive $6 billion mining deal in the Democratic Republic of the Congo, it completely rocked the normally-staid world of international development finance. The agreement, known as "The China Deal" or Sicomines, was among the first of these huge Chinese infrastructure-for-resources deals that are now commonplace across Africa.   Ten years ago, though, the World Bank and the International Monetary Fund were pretty much the only players that threw around that kind of cash in countries like the DRC. So when the Chinese came along with the Sicomines deal, many observers saw it as a direct challenge to the IMF's once unrivaled dominance of international development finance in places like the Congo.   While a feared Chinese-IMF rivalry did not ultimately materialize, "The China Deal" did create a lot of problems. The IMF responded defensively, according to new research from Sino-Congolese scholar Dr. Johanna Malm at Roskilde University in Denmark. Fearing they might be pushed aside by the Chinese, the IMF opted to make it easier for the Congolese government to borrow yet more money, adding to Kinshasa's already dangerously-high debt load.   Dr. Malm joins Eric & Cobus to discuss "The China Deal" and why the IMF's missteps in the Congo produced costly-consequences for an already financially-distressed government.
How Africa is Becoming China's China
 
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Views: 2576400 Wendover Productions
Siberia gold mine will be bloc's first multilateral project
 
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A gold mine in the east region of Siberia has been identified as the first BRICS multilateral project that could signify the most significant practical move towards showing how the private and public sectors in member countries can work together. It involves a pre-production investment of 500 million dollars. The money will come from the Sun Group, China National Gold, the Russian Sovereign Investment Fund, and the Far East and Baikal Region Development Fund. CGTN's Angelo Coppola has more. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 730 CGTN Africa
Is CHINA colonising AFRICA? - KJ Vids
 
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China's economic interests in Africa is one of the most recognised and talked about international engagements. Earlier this month, Xi Jinping pledged to provide Africa $60BN over the next 8 years. But the portrayal of China’s investments in Africa have been particularly negative in the West with headlines such as “Is China Good or Bad for Africa?” China in Africa: Collaboration or Colonialism? So, is China colonising Africa in a new form of colonialism? What do African's think? And what do the facts say? I’m Kasim, this is KJ Vids and in this video, we will look at China’s investments in Africa. Would you like to support our channel? If you enjoyed or learnt something from this video, you may kindly support our crowdfunding campaign on www.fundmyvideo.com/kjvids Fund My Video enables video creators to recover costs for their videos, which are much higher than any revenues they receive for most channels. Most YouTubers make videos as a hobby and spend dozens of hours editing videos for little in return. Your contributions towards this channel will significantly help us create more content with even better quality. Many thanks for your support. For business and other enquiries please email [email protected]
Views: 14156 KJ Vids
Africa: The Next Frontier- Part 1
 
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Catch Latha Venkatesh in conversation with Economic Affairs secretary Shaktikanta Das; Secretary, Mines, Arun Kumar; Pierre Guislain, of AfDB & David Rasquinha of Exim Bank on the investment opportunities in Africa and Indo-Africa trade ties.
Views: 276 CNBC-TV18
Several companies take part in recruitment drive in Kenya
 
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Young job hunters in Kenya have received a much-needed boost. Hundreds of companies have come together in Nairobi for a recruitment drive. It's the latest spin-off from Kenya's partnership with China. CGTN's Soni Methu has the story Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 923 CGTN Africa
43 Chinese firms in Ethiopia identified as key job providers
 
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According to the Ethiopian Investment Commission, there are 43 Chinese firms operating in the country. Representing a total investment of two billion U.S. dollars, the companies have been recognized by the government as leading job providers. Foreign companies in Ethiopia employ tens of thousands of people. CGTN's Girum Chala takes a look into how two particular companies are boosting the local economy
Views: 3568 CGTN Africa
Development partners to invest 12 milion dollars in Artisanal mining
 
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A consortium of development partners led by the United Nations Development Program UNDP, the European Union and the African Guarantee Fund, are availing up to $12M for SMEs in Mining. The funds that will be channelled through selected Financial Institutions has been catalysed by the current $124 Million dollars that are being realised from informal artisanal mining in Uganda. Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page http://www.facebook.com/NTVUganda
Views: 198 NTVUganda
Nigeria to champion Africa Mining Vision ― Mining minister
 
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Minister of Solid Minerals Development, Dr. Kayode Fayemi has revealed Nigeria’s plans to champion the African mining vision (AMV). Fayemi made the disclosure while addressing participants at the maiden National Mining Summit, with the theme, ‘Unearthing Nigeria’s Mining Sector’, in Abuja. Excerpt of his speech: The African mining vision (AMV) is by far one of the most promising instruments that unite the whole of Africa towards achieving particular objectives. It is Africa’s own response to tackling the paradox of great mineral wealth existing side by side with pervasive poverty, through building economic and social linkages that benefit Africa. For us in Nigeria, in view of our present realities we have found our bearing from the African Mining Vision and have domesticated its provisions in our roadmap for the development of the Nigerian mining sector Accordingly, one of the priority goals of our government is to position our Mining sector to play a greater role in sustainably diversifying our country’s revenue base, creating jobs, and fast-tracking industrialization. Similarly most countries in the West-African sub-region have since developed country-level strategies, and we have reports of the achievements that are already being recorded under the stewardship of my ministerial counterparts. The AMV prescribes integrating mining into industrial and trade policy at regional level, and encouraging collaboration and healthy competition among countries. We therefore consider it important to have a platform for bringing stakeholders in the sub-region together, to share ideas and compare notes on how to collaborate in making our resources work for our people. This is why our ministry has partnered with Afrocet Montgomery, working with Deloitte, to host CONMIN West Africa, in demonstration of our commitment to signaling the renaissance of our mining sector and to naturally take the lead in driving the achievement of the objectives of the AMV, collectively and at our country level. It is our vision to use this platform to place Nigeria prominently in the international mining calendar and beneficially attract greater attention to our country and sub-region.
Views: 143 Oak TV
China-Ethiopia Relations: China donates $60,000 to school lunches project in Addis
 
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Three Chinese companies and the Chinese embassy in Ethiopia have donated 60,000 dollars to a school feeding programme in Addis Ababa. The funds were given to a charity chaired by Ethiopia's first lady, Roman Tesfaye. The organisation ensures 20-thousand children from needy backgrounds get a proper meal every day. Leslie Mirungu has more. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 572 CGTN Africa
Chinese company producing medicine in Mali
 
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Chinese firms investing in Mali, irrespective of the harsh natural environment, lack of infrastructure, and weak industrial system.
Views: 6290 CGTN Africa
ZAMBIA CHINA COOPERATION
 
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STORYLINE: China-Zambia cooperation in medical health and agriculture has made great progress over the years, with Zambia seeing huge boosts thanks to Chinese technology and expertise. China has sent 20 batches of medical teams consisting of 546 medics to Zambia over the past 40 years since the first team in 1978. They have performed more than 20,000 operations and treated over 3 million Zambians, winning wide acclaim from the patients. Esmart Masheko is one of these patients. She had a polycystic kidney disease in 2016 and did not have any solutions due to concerns about large wounds and high operation fees until she had free operations by Chinese doctors at the Levy Mwanawasa general hospital in the capital of Lusaka, also known as China-Zambia Friendship Hospital. Now, she has recovered well and greatly appreciates the Chinese doctors who saved her. "My problem started in 2016. I went to other hospitals, but I didn't find any solution until I came here. I was told that there is new equipment from China, which they are going to use on me. So I came. It's new and fast, even the wound, it's a small wound," she said. Not only in Zambia, China's medical aid has spanned across Africa from the Sahara Desert to the Victoria Falls, from the Congo River to the Zambezi River, over the past 50 years, especially after the Ebola outbreak in West Africa in 2014. "Request by the Chinese government to send a team of highly specialized doctors is indeed very timely. And they are not only in Lusaka, but they are in other remote places, like the southern province of Zambia, and I will tell you that they have done amazing operations. They have saved lives, where we thought things were impossible," said Zamzazar Entre, an official with the Zambian Ministry of Health. Zambia is a landlocked country in south-central Africa, facing a food shortage for longer than expected. A Chinese-invested farm has effectively relieved the problem. The Johnken Estates Farm, located 80 kilometers from Lusaka, started from raising chickens and planting wheat and now has become the largest Chinese-invested farm in Zambia. "Some of the foods that are here now, they were not there before. So we really appreciate it because there is a lot of food in the market. Imports have been able to be brought in great numbers, so we really appreciate for that," said Daniel, a market vendor. The Johnken Estates Farm was established in Zambia in 1994, co-funded by China National Agricultural Development Group Corporation and China-Africa Development Fund. In the past 24 years, it has created over 4,200 jobs, supplied over 45,000 tonnes of grain, 260 million eggs and 3.71 million chickens. "The Johnken Farm now covers an area of 5,370 hectares mainly engaged in farming. We grow wheats in dry season and plant corns and soybeans in rainy season. We are also engaged in breeding laying hens and beef cattle," said Huang Weiguo, head of the Johnken Estates Farm. The China Medical Team in Zambia and the Johnken Farm, as part of China-Africa cooperation, have brought practical benefits to the Zambian people. More favorable projects are expected to come from the upcoming Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) scheduled for Sept. 3-4. FOCAC was founded in 2000 and its membership had grown to have China, 53 African countries having diplomatic relations with China, and the African Union Commission as of June 2018, according to the FOCAC website.
Views: 73 World NEWS
Interview with Peter Eigen 6/6: Implications of China's investments in natural resources in Africa
 
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The governance challenges of natural resource extraction are enormous. What can be done to improve natural resource governance? Stephan Wolters (adelphi, ECC platform) talked to Peter Eigen, Founder of Transparency International and Chair of the Extractive Industries Transparency Initiative (EITI) from 2006-11. As a leading expert on the challenges of corruption, he provides exciting insights and evaluates success and failure of various approaches, including EITI. Interview transcript: "Generally I am very pleased with Chinese investments there, because it gives Africa more options. It has helped to raise the price of natural resources which makes it possible for Africa to grow faster, a pre-condition for escaping poverty. The Chinese often don't make their investments conditional e.g. on good governance requirements, which is a great luxury for some African leaders. The question is really whether the leadership in Africa has learned its lessons of how destructive and damaging bad governance was for it. I would say that many countries in Africa now have a leadership and a population that do not tolerate the same degree of corruption that we, the Western countries introduced in many of these countries. We should not forget that until the late 1990's, systematic corruption was allowed in our countries. In Germany, you could deduct bribes for foreign investments from your taxes. It very often distorted economic decision making and supported corruption, and was in my opinion the main cause of poverty and misery in resource-rich countries. So it is very hard for us to criticise the particular risk of corruption that comes with Chinese investment because they will answer that they never allowed their exporters or investors to bribe outside Chinese borders. Some of their methods like barter arrangements, however, are extremely dubious. If you say, "You allow me to mine all your copper and I will give you five billion dollars worth of roads, or railroads, or ports etc.," this is a recipe for disaster because each one of these projects is a very complex negotiation, which has to be prepared properly and often takes years. If you throw these two things together, it cannot work. Therefore, there are a number of activities that one has to watch very carefully, but I think this task is up to the leaders of Africa. I talked to the minister of mines of Ghana and he said "We have learned our lesson. We have seen corrupt deals in the past with our European friends. We are very careful now and compare the offers we have from China, Russia, Brazil, Germany, Canada, Japan, and we take what is best for us. We do not need conditionality. We use our own common sense, because we know that we owe it our people to sell our natural resources in a way that is sustainable, helpful and leads to real development in the country." In addition, in a six-part exclusive video interview, Peter Eigen provides additional insights to the questions raised here. We will be releasing one part of the series every Wednesday: • Part I: The resource curse: governance challenges of natural resource management • Part II: The beginnings of improving transparency in extractive endustries: the Publish What You Pay Initiative • Part III: Why was the Extractive Industries Transparency Initiative set up with a relatively narrow focus on the flow of money? • Part IV: How does the Extractive Industries Transparency Initiative provide added value for civil society? • Part V: Current developments and future pathways towards improved accountability in natural resource governance • Part VI: Is the dragon devouring Africa? China's investments in natural resources in Africa and its implications for economic development and political accountability For more information: http://www.ecc-platform.org/
Views: 372 adelphi, Berlin
Mining in Zambia, Opportunities and Challenges
 
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A Documentary that worked on as Co-producer under Loyola Productions Zambia. It looks at Mining in Zambia and how the Mining industry can contribute the attainment of Development Goals. This Documentary has been packaged for The Ministry of Mines with Support from United Nations Development fund ahead of the UN General Assembly 2015 which will agree on the adoption of the Sustainable Development Goals as the successors to the Millennium Development Goals. The Documentary Highlights some of the challenges in the Mining sector but focuses more on How the sector can continue to help with the attainment of the Sustainable development Goals.
Views: 2524 Patience Chisanga
Chinese in Zambia - Straight through Africa
 
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Forty years ago, the Chinese laid a train track through Zambia. Bram Vermeulen travels through the African country by train to discover how the relationship between these countries is now. Zambia and China are old friends. When the African country became independent in 1964, the Asians were the first to queue to lend a helping hand. Communist China, itself still poor, took the lead in the construction of a railway that ran through Zambia and neighboring Tanzania to the port city of Dar es Salaam. Of course, that was not only out of kindness; the Chinese saw trade opportunities in the area. More than forty years later, it turns out that the railroad ran into a grandiose failure that cost China a lot of money - you can read more about this in this story by Sean van der Steen, with beautiful photographs. However, the Chinese presence in Zambia has become indispensable, Bram notes. He comes across them along the train route. For example, Chinese people run a copper mine, breed chickens on a large scale and have large factories. Zambians work on this economic activity, under Chinese bosses. Not everybody is happy with that. Bram visits a village where an explosives factory has exploded. The Chinese owners had not taken it so closely with the safety regulations. The incident is illustrative of the working methods of Chinese in Africa: care for the employees is subordinate to the profits. Also in a copper mine, it appears that the working conditions are far from ideal, and that employees openly complain about their low salary. De opzichter van de mijn beklaagt zich op zijn beurt over de arbeiders: hij vindt Zambianen maar onhandig en lui. ‘We trainen al vele jaren Zambiaanse arbeiders. Er is een groot verloop onder het personeel. Ze gaan naar andere bedrijven zodra ze vaardigheden hebben verworven.’ Het zijn trouwens niet alleen Zambianen die met de arbeidsomstandigheden in hun maag zitten. Chinees personeel, dat letterlijk niet mag klagen, doet tegen Bram toch een boekje open. Het leven op een afgesloten compound, ver van familie en vrienden, bestaat bijna geheel uit werk en verplichte culturele activiteiten. Van integratie is geen sprake. Maar het is niet allemaal kommer en kwel. Ondernemende Zambianen vertrekken naar China en komen soms steenrijk terug. Een man die met een Chinese partner een textielbedrijf begon, leidt Bram rond door zijn grote huis. Zambianen kunnen in eigen land niet op tegen de Chinese concurrentie, zegt hij, en daar zou de overheid iets aan moeten veranderen. Het zou volgens hem veel helpen als buitenlandse ondernemers net als in China verplicht zouden worden een Zambiaanse partner in de arm te nemen. De vicepresident van het land erkent dat er problemen zijn. Chinese boeren verdringen de Zambianen, er wordt gesjoemeld met werkvergunningen, alle winst verdwijnt naar China. Werken is alles wat de Chinezen doen, zeven dagen per week, en ze eisen hetzelfde van hun Zambiaanse personeel. De oude communistische vriend heeft feitelijk kapitalisme in zijn puurste vorm in het land geïntroduceerd. Episode 5. A trail of Chinese Forty years ago, the Chinese built a railway through Zambia. Bram Vermeulen travels the country by train in order to discover how relations between the two countries currently are.Director: Doke Romeijn and Stefanie de Brouwer © VPRO October 2014 On VPRO broadcast you will find nonfiction videos with English subtitles, French subtitles and Spanish subtitles, such as documentaries, short interviews and documentary series. This channel offers some of the best travel series from the Dutch broadcaster VPRO. Our series explore cultures from all over the world. VPRO storytellers have lived abroad for years with an open mind and endless curiosity, allowing them to become one with their new country. Thanks to these qualities, they are the perfect guides to let you experience a place and culture through the eyes of a local. Uncovering the soul of a country, through an intrinsic and honest connection, is what VPRO and its presenters do best. So subscribe to our channel and we will be delighted to share our adventures with you! more information at www.VPRObroadcast.com Visit additional youtube channels bij VPRO broadcast: VPRO Broadcast: https://www.youtube.com/VPRObroadcast VPRO Metropolis: https://www.youtube.com/user/VPROmetropolis VPRO Documentary: https://www.youtube.com/VPROdocumentary VPRO World Stories: https://www.youtube.com/VPROworldstories VPRO Extra: https://www.youtube.com/channel/UCTLrhK07g6LP-JtT0VVE56A VPRO VG (world music): https://www.youtube.com/vrijegeluiden VPRO 3voor12 (alternative music): https://www.youtube.com/3voor12 VPRO 3voor12 extra (music stories): https://www.youtube.com/channel/UCtgVYRLGraeL9rGMiM3rBHA www.VPRObroadcast.com English, French and Spanish subtitles by Ericsson and co-funded by the European Union.
Views: 700 vpro world stories
CHINESE LIMESTONE MINING INVESTORS
 
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More Details : http://www.pakistancrushers.com/contact.php chinese limestone mining investors18 Mar 2015 , Residents of Michigan community are divided over whether economic benefits of a proposed limestone mine , Owner Lundin Mining says its $800 million investment will create 400 jobs to extract hundreds of millions of,.Foreign Investment - Department of Mines and Geology, high grade coal etc mainly from India, Bhutan, Japan, Hong Kong, China and South Asian and Southeast Asian countri , There are ample opportunities for the investors to invest in the commercially viable mineral commodities that d.Wiphold Resources and infrastructureThe remainder is owned by Mining Women Investments(MWI) , In May 2010, we joined forces with Continental Cement (Conticem) and Jidong Development Group of China (Jidong), , Conticem is a South African limestone mining company, which ho.Brazilian investors interested in limestone deposits in Mozambique ,24 Sep 2012 , Brazilian investors have shown interest in exploring large limestone deposits in at least four districts of Mozambique's Nampula , Teams of mining consultants hired by the Brazilian investors, recently visited the coas.Africa becoming low cost manufacturing hub for Chinese investmentsChinese investments across Africa require 'more than just a superficial understanding that China and other actors are , a South African limestone mining company, signed a major deal with Jidong Development Group, the largest cement.Print - ZHONG LUN LAW FIRM--A Leading Full Service PRC Law Firm3 Advised Tongli Cement Co, Ltd, a public company, on its investment in a Mozambican limestone mine and construction of the relevant cement plant; 4 Advised China-Africa Development Fund on its multi-billion USD investment in Liberian.A Guide to Investment in China's Mineral Industry (2012)introduction and propaganda of China's mining investment , A Guide to Investment in China's Mineral Industry 2 China's Mineral Resources and Mineral Industry China is rich in , mirabilite, tripolite, zeolite, pearlite.Mining Industry In Nigeria - Business - Nigeria - NairalandMy friend is into limestone mining , if u want more info visit the one stop investment centre of the Nigerian investment promotion commission in abuja, , I know a little as per limestone mining as i've worked for Lafarge before ,.SDS News SDS VenturesMay 27, 2014 SDS Ventures signs collaboration with China Mining International Engineering Design Institute , China Mining Institute is the leading Chinese institution in the area of engineering design of mining projects in areas such as c.Good money in mining - Business News The Star Online27 Jul 2013 , In addition, there have been complaints by prospective mining investors over the long waiting period for approval of , Kedah-born Lee who has 35 years experience in handling mining investments related portfolios in Austral.Mineral-rich states such as Jharkhand and Odisha identify 200 ,5 Apr 2015 , Mineral-rich states have identified 168 limestone blocks, 16 bauxite mines, 12 iron ore mines and 3 manganese ore mines most of , He has added that as many as 10 minerals will be auctioned for the first time under simplifi.Sri Lanka Seeks Investors for Nascent Mining Industry - WSJ15 Mar 2013 , After a war that deterred potential investors and damaged existing mining operations for limestone and , Bank of China, Mr Premajayantha said, adding that the government would welcome Chinese investment in the natural.Page 1 of 3 - GMS Business Forum19th century by French and Chinese geologists, so far the Ministry of Industry, Mines and Energy (MIME) of the Kingdom , China Forwin International Investment Phnom Penh Mining Co , Ltd ? licensed to quarry limestone in Phnom Laang,.Read More - West Asia InvestorsThe country possesses extensive reserves of mineral deposits such as coal copper, gold, limestone etc However, unlike other , Foreign investors are mainly from China due to their historic political ties with Pakistan Consequently there.A Guide to Investment in China's Mineral Industry (2012)introduction and propaganda of China's mining investment , A Guide to Investment in China's Mineral Industry 2 China's Mineral Resources and Mineral Industry China is rich in , mirabilite, tripolite, zeolite, pearlite.ACC resumes limestone mining operations at Bargarh, Odisha ,17 Jun 2015 , The Company has resumed limestone mining operations at Bargarh with effect from June , m-cap erosion is twice the size of Indian s
Uganda's Debt Burden
 
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Economists have warned Ugandan officials to tread carefully with China or else they risk throwing the already struggling economy into debt distress. The warning comes after Ugandan officials including the President headed to China for the Forum on China Africa Cooperation where development projects for the next three years between Africa and China are being discussed. Canary Mugume reports.
Views: 890 NBS TV Uganda
Alleviating Poverty in Africa: A.U. and China seek ways to reduce poverty on the continent
 
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The African Union says it is now closely working with China for knowledge and skills development in the continent. In an interview with CGTN, the director of the African leadership academy Dr. Muna Abdalla says China has so far been sharing experiences with Africa in fighting knee deep poverty. Its is hoped that China's experience will be used in Africa to lift 400 million citizens out of the extreme poverty. Girum Chala has more. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 830 CGTN Africa
Africa: Leapfrogging the Development Gap
 
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Despite lacking in infrastructure, Africa is a desired investment destination; is it leapfrogging the development gap? #WorldGovSummit
Views: 119739 World Government Summit
Hummingbird Resources boss Dan Betts talks new funding and gold mine development
 
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Hummingbird Resources Plc (LON:HUM) chief executive Dan Betts told Zak Mir that it is an exciting time after securing funding for the Yanfolila gold mine in Mali. The Africa focussed mine developer is one of very few companies in the world that’s actively building a new gold mine. Construction work is advancing apace at Yanfolila where production is envisaged at some 132,000 ounces of gold per year in year one. The Yanfolila development got a major shot in the arm on Tuesday as Hummingbird secured a US$55mln debt funding package. Following on from a £45mln equity placing earlier this year, it means that Hummingbird has cleared the final corporate hurdle and can look forward to producing gold. Video source: TIP TV / London South East
Ethiopia aims to become Africa's biggest manufacturing hub
 
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Ethiopia is working to become Africa's biggest manufacturing hub in about a decade's time. The country's Investment Commission says a plan that started out as a hub for light-manufacturing plants has grown into one of leading manufacturing projects on the continent. CGTN's Girum Chala has asked the commission's Fitsum Arega why industrialization is touted as the path towards the national economic transformation of Ethiopia. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 25627 CGTN Africa
United Nations Capital Development Fund Allocates 10 Billion for District Planning
 
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The United Nations Capital Development Fund has signed off 10 Billion shillings to support five selected Local Governments enhance on their infrastructure planning and strengthen service delivery.Country Head of the UNCDF Dmitry Pozhidaev, says the money is aimed at promoting private sector projects in the sectors of works and transport, agriculture and commercial services, water and sanitation among others. The districts of Amuria, Amudat, Omoro,Otuke and Yumbe, will utilize the funds to improve on their capacities’ planning for social and economic empowerment of young people and women.
Views: 140 NBS TV Uganda
Ethiopia: China and Ethiopia sign raft of trade deals
 
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Video ID: 20140504-037 M/S Chinese Foreign Minister Wang Yi (left) C/U Flags of China and Ethiopia M/S Ethiopian Foreign Minister Tedros Adhanom (right) and IGAD lead mediator for the South Sudan peace talks Ambassador Seyoum Mesfin W/S Li Keqiang sits down in meeting room M/S Li Keqiang thanks Hailemariam Desalegn for hosting him (in Chinese) C/U Hailemariam Desalegn in meeting room W/S Ethiopian delegation - far right Ethiopian FM Tedros Adhanom, right of him Minister of Mines, right of him Minister of Finance and Economic Development M/S Chinese delegation M/S Li Keqiang and Hailemariam Desalegn walk into meeting room M/S Li Keqiang and Hailemariam Desalegn signing agreement SOT, Hailemariam Desalegn, Prime Minister of Ethiopia (in English) "Both parties have agreed to strengthen their cooperation and diplomatic, political and economic fields as well as people to people relations. During the bi-lateral meetings the government of China and that of the government of Ethiopia agreed on announcing Ethiopia's industrialisation and on supporting Ethiopia's great vision on becoming Africa's manufacturing powerhouse." C/U Li Keqiang W/S Li Keqiang and Hailemariam Desalegn SCRIPT Ethiopia: China and Ethiopia sign raft of trade deals The Chinese Prime Minister Li Keqiang started his Africa tour in Ethiopia Sunday by meeting with Ethiopian counterpart Prime Minister Hailemariam Desalegn in Addis Ababa. Ministers and high officials signed a total of 18 agreements, including the Comprehensive Framework Agreement for the years 2015-2024. China finalised deals that will fund the building of an international road in eastern Ethiopia and a sugar factory in the northern part of the country. On Monday, Keqiang will hold a policy speech at the African Union Headquarters. Afterwards he will officially open the high speed express-way between Addis Ababa and Adama, co-financed by the Chinese investors. On Tuesday, Keqiang will meet Ethiopia's President Mulatu Teshome. After Ethiopia, Keqiang will continue his Africa tour by visiting Kenya, Angola and Nigeria. Facebook: http://www.facebook.com/Ruptly Twitter: http://twitter.com/Ruptly LiveLeak: http://www.liveleak.com/c/Ruptly Google Plus: http://plus.google.com/111498286331086224967 Instagram: http://www.instagram.com/Ruptly YouTube: http://www.youtube.com/user/RuptlyTV Video on Demand: http://www.ruptly.tv
Views: 2536 Ruptly
Global Business 1st July 2015 - Funding From AIIB
 
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African members of the Asian Investment and Infrastructure Bank, set hopes for alternative funding for development on the new lender A confrontation looms at the miners wage talks, as unions reject a 13% salary hike offer from mining companies Traders is Tanzania feel the pinch of a weaking shilling against dollar
Views: 478 CGTN Africa
How to Rob Africa | People & Power
 
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The world's wealthy countries often criticise African nations for corruption - especially that perpetrated by those among the continent's government and business leaders who abuse their positions by looting tens of billions of dollars in national assets or the profits from state-owned enterprises that could otherwise be used to relieve the plight of some of the world's poorest peoples. Yet the West is culpable too in that it often looks the other way when that same dirty money is channelled into bank accounts in Europe and the US. International money laundering regulations are supposed to stop the proceeds of corruption being moved around the world in this way, but it seems the developed world's financial system is far more tempted by the prospect of large cash injections than it should be. Indeed the West even provides the getaway vehicles for this theft, in the shape of anonymous off-shore companies and investment entities, whose disguised ownership makes it too easy for the corrupt and dishonest to squirrel away stolen funds in bank accounts overseas. This makes them nigh on impossible for investigators to trace, let alone recover. It is something that has long bothered Zimbabwean journalist Stanley Kwenda - who cites the troubling case of the Marange diamond fields in the east of his country. A few years ago rich deposits were discovered there which held out the promise of billions of dollars of revenue that could have filled the public purse and from there have been spent on much needed improvements to roads, schools and hospitals. The surrounding region is one of the most impoverished in the country, desperate for the development that the profits from mining could bring. But as Kwenda found out from local community leader Malvern Mudiwa, this much anticipated bounty never appeared. "When these diamonds came, they came as a God-given gift. So we thought now we are going to benefit from jobs, infrastructure, we thought maybe our roads were going to improve, so that generations and generations will benefit from this, not one individual. But what is happening, honestly, honestly it's a shame!" What is happening is actually something of a mystery because though the mines are clearly in operation and producing billions of dollars worth of gems every year, little if any of it has ever been put into Zimbabwe's state coffers. Local and international non-governmental organisations say they believe this is because the money is actually being used to maintain President Robert Mugabe's ruling Zimbabwe African National Union - Patriotic Front (ZANU-PF) in power. True or not, it is clear that the country's finance minister, Tendai Biti, has seen none of it. A representative of the opposition Movement for Democratic Change, which sits in uneasy coalition with ZANU-PF, he says he has no idea where it is going. "We have got evidence of the quantities that are being mined, the quantities that are being exported but nothing is coming to the fiscus .... All I know is that it's not coming to the treasury. So that is a self-evident question. It is not coming to us. That means someone is getting it. The person who is getting it is not getting it legally. Therefore, he's a thief, therefore she's a thief." Sadly, as Stanley Kwenda has realised, it is typical of a problem found all over Africa. The continent is rich is natural resources that are being exploited for big profits, but the money is rarely used for the benefit of the people. Instead it goes to line the pockets of corrupt officials who then often smuggle it out to be deposited in secret offshore bank accounts in the developed world. So who facilitates these transactions? And how and why does the developed world make it so easy to launder this dirty cash? In this revealing investigation for People & Power, Kwenda and the Ghanaian undercover journalist Anas Aremeyaw Anas, set off to find out. Posing as a corrupt Zimbabwean official and his lawyer, their probe takes them deep into the murky world of 'corporate service providers' - experts in the formation of company structures that allow the corrupt to circumvent lax international money laundering rules. It just so happens that the pair's enquiries take place in the Seychelles but, as they discover to their horror, they could just as easily be in any one of a number of offshore locations (or even in the major cities of Europe and the US) where anonymous companies can be set up for the express purpose of secretly moving money and keeping its origins hidden from prying eyes. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/
Views: 207590 Al Jazeera English
Mining Industry in East Africa with Surendra Bhatia
 
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(www.abndigital.com) Africa's building materials industry is amongst the most dynamic investment destinations in the continent. This emerged at the Nedbank Africa Investment Conference that just concluded in Johannesburg. ABN spoke to Surendra Bhatia, Deputy Managing Director of Athi River Mining about the industry in East Africa.
Views: 118 CNBCAfrica
MineAfrica: promoting mining investment in Africa
 
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The premier platform for mining companies, service providers and governments to promote themselves to a senior level, Africa focussed audience of financial institutions, analysts, mining executives and media.
Views: 1055 MineAfrica
Africa Development Bank secures $7.2 billion from donors
 
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A global coalition of donors has pledged $7.06 billion over the next three years to support transformation of African economies and the African Development Bank's High Five priorities. The money will fund development projects and programs in the 38 lower income countries supported by the African Development Fund. President of the African Development Bank Group, Dr. Akinwumi Adesina has said more resources will be committed to support the private sector in the region. The Fund will allocate over $280 million to the Private Sector Credit Enhancement Facility. The facility will leverage approximately $840 million of private sector financing, of which at least 50% will be in higher risk countries.
Views: 290 CGTN Africa
Mineral Resources Development Fund
 
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Nova Scotia has launched a new fund to boost the province’s mineral sector and help the search for mineral deposits across the province. The Mineral Resources Development Fund supports grassroots prospecting to more advanced mineral exploration. This year $700,000 is available for mineral exploration programs, professional development, innovation, university research and training opportunities for young people.
Views: 173 nsgov
China to extend over $12 bln in aid to Africa
 
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Li pledged the additional funding in a speech at the Organisation of African Union headquarters in the Ethiopian capital, Addis Ababa. \n China will increase credit lines to Africa by $10 billion and will boost the China-Africa Development Fund by $2 billion, bringing it to a total of $5 billion, Li said, according to the official Xinhua news agency. He provided no details of the timeframe. \n Li "depicted a dream that all African capitals are connected with high-speed rail, so as to boost pan-African communication and development," the report said. As China has advanced technologies in this area, Li said China was ready to work with Africa "to make this dream come true". \n China will also offer $10 million in aid for wildlife protection, Li added, for a part of the world where the Chinese appetite ivory and rhino horns have driven some species to the brink of extinction. \n It is Li's first visit to Africa since he became premier last year, and follows on from a trip to the continen
Kenya to use $800 million loan to fund infrastructure projects
 
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Kenya is close to signing an 800 million dollar syndicated loan with four banks. The money is to fund infrastructure projects and support the shilling. Bloomberg reports that a 3-year facility is expected to be signed with Citigroup, Standard Bank, Standard Chartered and Rand Merchant Bank by the end of the day. Kenya has also secured 500 million dollars from lenders led by the Trade and Development Bank. The 10-year loan is in addition to the 250 million dollars it raised from the same lenders last month. The loans come as the nation faces debt repayments of about 8 billion dollars this year, including interest.
Views: 507 CGTN Africa
Chinese Foreign Minister's  Africa tour boosts bilateral relations
 
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Chinese Foreign Minister, Wang Yi's Africa visit continues a 20-year tradition in which Chinese foreign ministers have chosen Africa as their first destination of the New Year. In Dakar, CGTN's Desire Kanon sat down with an expert to describe what is at stake Wang's current tour, as well as China's contribution to Senegal's development. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 596 CGTN Africa
Traditional Chinese Medicine changes my life: Namibian patient
 
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It's been over 20 years since China sent its first medical team to Namibia. Now more and more Namibians have known about Traditional Chinese Medicine and received free treatment.
Views: 1057 New China TV
AfDB funds efforts to rehabilitate water systems in Zimbabwe
 
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In Zimbabwe, water, waste and sanitation issues continue to be a major concern. The government recently received equipment from the African Development Bank to rehabilitate its water and sanitation management systems. Zimbabwe will receive 36 million dollars to reinforce its water distribution and waste collection systems. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 418 CGTN Africa
Chuanshan International set to start mining diatomite in Marigat
 
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A Chinese company is set to start mining diatomite in Marigat Baringo. The 4 billion shillings mine will see the company produce over 300,000 tonnes of the mineral every year. Chuanshan International Mining Company is also expected to create over 300 jobs, which will be a key milestone in the county’s quest to develop, as outlined in its integrated development plan. SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
Views: 237 KTN News Kenya
World Bank, IMF keen to partner with Africa to achieve industrialisation
 
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The World Bank says the mining sector could be the quickest route to achieving industrialisation. The Bank and the IMF say they're keen to partner with the continent on this. Some investors have singled out South Africa . For more news, visit: http://www.sabc.co.za/news
Views: 80 SABC Digital News
South Africa's Political Development -- La Peña, Berkeley, CA, September 7, 2012
 
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2nd Gen Presents: South Africa's Political Development Political Forum Friday September 07, 2012 FREE: Donations for Arrested Miners' Bail Fund - 7pm In the LOUNGE In the wake of the Marikana massacre, left groups of all stripes are calling resistance inevitable. What does opposition to post-colonial capitalism look like in South Africa today? How has the anti-apartheid labor militancy of the 1980s translated into anti-capitalist struggle since the transition? Come see former Black Panther Gerald Smith and Berkeley sociology Ph.D. student Zachary Levenson discuss these issues at an open forum at La Peña on Friday, September 7 at 7 pm. Smith was instrumental in organizing Bay Area solidarity actions with the anti-apartheid struggle and will speak about black labor militancy in the 1980s. Levenson recently returned from 6 months in South Africa and will describe the terrain of struggle and nature of the capitalist state after apartheid.
Views: 845 Zachary Levenson
Funding SME’s in Ethiopia
 
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Ethiopia SMEs are more likely to be credit constrained than firms elsewhere in the world according to a report released by the World Bank and the UK's Department for International Development. The report says that lack of credit is one of the key obstacles to job creation and growth in the horn of Africa nation
Views: 4843 CGTN Africa
CS Munyes: Samburu county should explore its huge mining potential
 
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Cabinet Secretary for petroleum and mining John Munyes, has confirmed that Samburu has a huge mining potential in the country after preliminary research. Munyes spoke during a two days tour of Samburu County, where he visited manganese mines. The mining ministry officials sensitized members of the communities on mining rights. The CS further warned illegal investors and particularly those who have not been licensed by the ministry from exploring minerals.
Views: 389 NTV Kenya
Africa — reeling from commodity rout | FT Business
 
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Andrew Alli is president and chief executive of the Africa Finance Corporation, a development fund. He tells the FT's Maggie Fick at this year's Africa Summit how companies can recover from the commodities crash and whether corruption is still a major concern in the continent. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 437 Financial Times
Mining Finance and Taxation in Africa
 
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(www.abndigital.com) With the growing global demand for resources and the wealth of natural resources to be found in Africa, there has never been more activity by international companies on the continent in their search for previously undiscovered and under-developed deposits. Joining us now to discuss mining finance and taxation in Africa is Ursula van Eck, Director and External Audit Assurance Partner at BDO Spencer Steward.
Views: 114 CNBCAfrica
China-Africa Fruits of cooperation part 11
 
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We continue our special series on China-Africa Fruits of Cooperation -and we're still focusing on mutual benefit.
Views: 642 CGTN Africa
AFRICA AND CHINA MINING MILLS AND PLANTS
 
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Views: 25 po yang
China/Zambia Economic Relations with Zhou YuXiao
 
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(www.abndigital.com) Zambia has attracted over 300 Chinese companies that have generated employment to over 50,000 locals in different sectors of the economy. ABN's Samantha Loring spoke online with China's Ambassador to Zambia, Zhou YuXiao, and asked him about China/Zambia economic relations.
Views: 408 CNBCAfrica
Chinese President announces China will provide 60 billion dollars to Africa`s development
 
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Chinese President Xi Jinping has today announced China will provide 60 billiondollars funding support for Africa’s development. At the start of the summit of the Forum on China-Africa Cooperation attended by President Uhuru Kenyatta and close to 40 other African leaders, President Xi outlined a 10-point plan to boost China-Africa cooperation. The support package includes grants, interest-free loans, preferential financing, export credit lines and concessional loans as our reporter Giverson Maina tells us.
Views: 21 KTS TV KENYA
What does Africa need?
 
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Can the policies that worked for India work in Africa? Question: What does Africa need?   Rick Warren: Africa needs a hand up, not a hand out. The biggest thing Africa needs is good leadership. That's why part of the Peace Plan of promoting reconciliation, equipping leaders, assisting the poor, caring for the sick, educating the next generation -- you have to have a comprehensive approach to tackle all five of these -- what I call the global Goliaths -- the global giants of spiritual emptiness, corruption, poverty, disease and illiteracy. These are the five biggest problems on the planet that affect billions of people. I call them the global Goliaths. There are a lot of problems that affect millions of people, but these affect billions. And the first problem is spiritual emptiness. Billions of people feel spiritually empty. They say, "I don't know what I'm here for. I don't know if there is a purpose for my life. I don't have a relationship with God." And I think that's one of the reasons why "Purpose Driven Life" became one of the bestselling books in history next to the Bible. It's not a niche book. It's a question that everybody eventually asks -- "What on earth am I here for?" You put your head down on the bed, and you go, "Why am I here?" And then corruption. Corruption is rampant all around the world, but particularly in Third World or in developing world countries. And corruption is at a business level. It's at government level. It's at an academic level. It's at the church level. It's penetrated through society. And having been around the world many, many times, you can go anywhere and people are going to ask you for a bribe. And you just have to say, "We don't do that." And in the last 50 years -- I'm guessing this -- maybe the west has put $1.5 trillion dollars in aid into Africa, and the countries in Africa are actually worse off. Their standard of living is worse off than it was 50 years ago. It's like a sinkhole. Why? Because people were skimming it off and putting it in Swiss bank accounts. And you have these government leaders -- the Idi Amin stronghold types -- that are just . . . don't care about their people. They're not servant leaders. And so we have to teach them good leadership, good governance, at the same time teaching them self-reliance. While America was pouring trillions of dollars, or the West was pouring trillions of dollars into Africa, we gave almost no money to China, if any. And look at the economy there. I mean it's exploding, exploding. If money could solve poverty, we would have no poverty in America because we've spent trillions of dollars on government programs. This is where people have a hard time pegging me on which side am I on. Because I have the heart of a liberal, and then I'm compassionate. And I care about the poor, and the sick, and the injustice, and racial equality, and economic equality. I just happen to disagree with liberals in that the solution is not the government. If bigger government was the answer to these problems, we would have solved them by now. We've put trillions of dollars into government programs, into housing projects that are now laying in waste, things like that. You have to change the heart.   Recorded on: December 11, 2007
Views: 169 Big Think
🌊 Ocean diamonds: Africa's 'blue economy' | Counting the Cost
 
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Africa's "blue world" is made up of vast lakes, oceans and rivers. The African Union (AU) calls the "blue economy" the "New Frontier of African Renaissance" and there's been a lot of talk and forums focusing on it over the past year. The so-called "blue economy" is not confined to fishing and tourism; it also includes things like transportation, deep sea coastal mining and energy. Thirty-eight of Africa's 54 states are coastal. The island nation of Mauritius, for example, is one of the smallest countries in the world. But it has territorial waters the size of South Africa, and lying on the ocean bed are potential sources of metals, minerals, and oil and gas. A new offshore deep sea mining industry is already taking shape in Namibia, vacuuming diamonds from the ocean floor. Proponents see a sparkling future in the ocean, as onshore mineral deposits dry up. While the blue economy has the capacity to provide desperately needed jobs, the challenge is all about how to exploit water resources in a sustainable way. As efforts get under way to exploit the continent's ocean ecosystem, environmentalists are warning more research is required to shape policies. So what's behind the "blue economy" concept? Is it more than just the rebranding of marine exploitation? "The blue economy is about using and utilising ocean resources sustainably, without damaging it ... It's problematic but it's still a long time into the future," says Dr David Obura, the director of Coastal Oceans Research and Development in the Indian Ocean (CORDIO), East Africa. According to Obura, it's all about transformation. "We really need to transform the way sectors and countries plan among each other, and also appreciation by the economic and corporate powers that the value is generated from ecosystems or assets that can be damaged. And you need to manage them sustainably, just like you manage a hedge fund ... so you don't destroy it while you are exploiting it." The massive investment can come from "China or other sources as well but to have that money invested in ways that don't damage the assets." Not enough is being done to educate the masses on how to manage the continent's marine resources, according to Obura. "The sea is still behind other priorities in most Africans' minds and mentalities, from the countries down to the individuals - and we need to transform that. Awareness about climate change in the ocean connection, plastics and ocean pollution is leaping to the front in the last few years. We're trying to ride the wave and get that awareness and get the education systems also building that into the curriculum." - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/ More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
Views: 2715 Al Jazeera English
Developing the Mining Industry in the Middle East & North Africa
 
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What are the roles of mining companies in developing the mining industry in the Middle East and North Africa? Find out from the experts how you should approach new prospects in developing mining hubs, what the profile of junior miners in the region are, and how to encourage further investment in the MENA region. Also, visit our website at http://www.terrapinn.com/exhibition/mena-mining-show/index.stm
Views: 983 miningnuggets