Re: CVI - Cityview Corporation
Hope T4P does not mind the cut'n'paste, worthy of being put here:
People need to understand just how lucrative a position CVI is in...
Some interesting reports which highlight the level of interest for the region follow.
Cheers!
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Germany...
Angola: Germany plans to invest in energy, public works and hotel sectors [ 2007-12-04 ]
Luanda, Angola, 4 Dec – Germany plans to invest in Angola in the energy and water, public works, hotel and transport sectors, the German Economy and Technology Minister, Michael Glos said in Luanda Monday.
The minister, who was speaking at the signing of a memorandum of cooperation between Angola and Germany, said that his government’s interest and that of German businesspeople from several business areas also extended to the areas of hydroelectricity, and construction of oil and gas pipelines.
Glos said that Angola was a trusted partner in economic relations, as it had always fulfilled the agreements signed with Germany and he also announced that offices for German businesses would be opened soon in Angola.
Via the cooperation agreement signed, Germany will provide Angola with credit of 1.1 billion euros to be applied to economic activities and investments.
“This amount will serve to modernize the Angolan manufacturing sector and the human capacity to transform the economy, whilst the government focuses on meeting Angola’s commitments to the main Paris Club creditors,” said the Angolan finance minister, José Pedro de Morais, according to Angolan news agency Angop.
Glos, who was in Angola for a two-day visit, was accompanied by two members of the German parliament and 50 businesspeople. (macauhub)
(source:
http://www.macauhub.com.mo/en/news.php?ID=4478)
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World...
World at Africa’s feet
Deepak Nagpal
Africa – the land where poorest of the poor live. It’s been almost three centuries since the world’s industrialisation started in the 18th century in northwest England. However, still, more than 30 of the world’s 48 least developed countries are located in Africa – the continent where nearly 14% of the world’s human population lives.
But efforts are being made in the world’s second-biggest continent to change and overcome developmental problems. The governments across Africa – at least the ones not mired in civil war – are implementing policies which have far-reaching pro-development implications. Poverty level is coming down, per capita income is rising and Africans are starting to live a better life.
To help further the process of economic development in Africa, November 20 was proclaimed as Africa Industrialisation Day by the UN General Assembly on December 22, 1989. The aim of the Day is to mobilise the commitment of the international community to the industrialisation of Africa.
Land of Opportunity
Despite its plethora of problems, Africa is a land of promise and opportunity because of its vast natural resource wealth. It is this reason that India, China, the European Union and the United States have not been able to resist the temptation to form partnerships with African countries that are mutually rewarding. China in particular, has been signing deals after deals with African countries to tap the continent’s natural wealth and, in turn, aid Africa’s industrialisation and development. Of late, Asian trade and investment has been rising in Africa and this is part of the global trend towards South-South co-operation among developing nations.
African exports to Asia have tripled in the last few years, with Asia becoming Africa`s third largest trading partner after the EU and the US. The Indian and Chinese investments flowing into Africa are also on the rise.
China taps Africa
China has been at the forefront of the recent mad race to secure deals in Africa. And the world has taken note of this fact as Chinese leaders, including President Hu Jintao, Premier Wen Jiabao and other top State officials, have been paying visit after visit to the resource-rich continent in the past few years.
As the most populous country in the world, China knows it will soon have to look outside to fulfil growing internal demand for natural resources, including oil and gas. The Chinese government has been wise enough in realising this fact faster than most other countries.
This has given Beijing an edge over other countries seeking deals in Africa. China has taken up many development works in Africa, apart from providing cash for the natural resources it is buying. This has won the Dragon a lot of goodwill. And governments across the continent are more than willing to sign deals with the world’s fastest growing economy.
Beijing, on many occasions, has come on record to state that it is spreading prosperity in Africa, compared to the West which has failed to do so. The West, which is wary of China’s growing might, has been critical of the Dragon’s strides in the world’s poorest continent. Opining that Africans urgently need roads and radios instead of human rights and freedom, China through its Exim Bank has invested in nearly 300 projects across the continent, most of these focussing on building roads, railways, ports and mines.
China exhibited its vibrant Africa policy to the world by holding a meeting – the Beijing Summit of the Forum on China-Africa Cooperation – with 48 African nations in November 2006. The Dragon made a move to floor the African leaders at the summit with its pledge to double the aid to the continent and to offer USD 5 billion in loans and credits by 2009.
With Beijing also deciding to build up emergency strategic oil reserves of some 100 million barrels over the next few years, it is increasingly looking at African oil as it fits well into its strategy to secure energy assets for future. Currently, China sources a third of its total crude imports from African nations like Angola, Sudan, Congo, Gabon and Nigeria.
In the first half of 2007, China’s direct outbound investment stood at USD 480 million, and it exported a staggering USD 16.4 billion worth of goods and services to the continent’s nations in the same period. Further, to finance trade and investment by Chinese firms in Africa, Beijing has launched a USD 1 billion special fund. In another significant move, China’s biggest lender, the ICBC bank is acquiring a 20% stake in South Africa`s Standard Bank for USD 5.6 billion. The deal is the biggest foreign acquisition by a Chinese commercial bank yet, and is also the largest foreign investment in Africa.
While the Beijing Summit was a boon for African nations, it created a stir among other world powers, including the US and EU. Both knew China played a masterstroke by bringing nearly 50 African countries on its side by giving out economic benefits. And China is aware of the fact that in a world where political and economic blocs of nations are going to be the order of the day, it was time to muster up as much international support as possible.