Wednesday, October 14, 2009

Guinea and China 'agree big deal' (H/T Papa Aziz)


From the BBC
Guinea and China 'agree big deal'

Guinea's military rulers have agreed a huge mining and oil deal with China, officials have told the BBC, amid continuing criticism of the junta.

Mines minister Mahmoud Thiam said a Chinese firm would invest more than $7bn (£4.5bn) in infrastructure.

In return, the company would be a "strategic partner" in all mining projects in the mineral-rich nation.

Guineans are currently on strike to remember dozens of protesters killed by soldiers during a rally two weeks ago.

CHINA IN AFRICA
China is Africa's second-biggest trading partner, behind US
Between 2002 and 2003 two-way trade doubles to $18.5bn
By 2008 trade tops $100bn - China exports $51bn, imports $56bn
Almost all imports come from oil-rich nations: Angola, Equatorial Guinea, Nigeria, the Republic of Congo, and Sudan Sources: China Daily, Reuters, Council on Foreign Relations

The shootings were widely condemned by international leaders and opposition groups within Guinea.

Agricultural Minister Abdourahmane Sano resigned on Monday, saying he could no longer show solidarity with the government.

And the president of West Africa's economic bloc, Ecowas, warned that the country was in danger of slipping into another dictatorship.

There are widespread calls for junta leader Captain Moussa Dadis Camara to step down.

After last December's coup he promised to lead a transitional government and hand power back to civilians after an election scheduled for January 2010.

But there has been growing anger at reports that he intends to stand for president.

Read entire article here.

Country profile.

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