Sun, 9 Mar 20:13:02 GMT17

 

China signs deal to build $61 mln AU centre in Addis
11 Jan 2008 14:55:50 GMT
Source: Reuters
ADDIS ABABA, Jan 11 (Reuters) - China signed a deal with the African Union on Friday to build a $61 million convention centre at the organisation's headquarters in Addis Ababa, Ethiopia.

Chinese Foreign Minister Yang Jiechi said Beijing would fund the project, due to be finished by 2011, and was committed to helping the continent develop itself.

"China believes integration is in the best interest of African countries," Yang told reporters during a visit. "Africa has every right to develop its resources to become a far more prosperous continent and China is committed to help."

Yang, who is visiting South Africa, Democratic Republic of Congo, Burundi and Ethiopia, is the latest of several senior Chinese officials to come to Africa as Beijing taps the continent's natural resources to fuel its booming economy.

China, the world's fourth-largest economy and second-largest energy user, has extended billions in oil-backed loans and other forms of credit to African nations, with few strings attached, unlike financing from Western banks and international agencies.

Its growing presence has rattled Western nations that had previously dominated trade on the world's poorest continent. (Reporting by Tsegaye Tadesse; Editing by Daniel Wallis and Tim Pearce)
AlertNet news is provided by

Related articles

Breaking stories
Asia China foils attempted terror attack on flight

Africa Homes of ruling party defectors attacked in Burundi

AlertNet insight
Asia INTERVIEW-New book puts cost of saving planet at $190 bln

Aid agency news feed
Americas On International Women's Day, ADRA Renews Commitment to Empower Women Around the Globe

Blogs
Africa Keep quiet about atrocities, Ethiopia warns aid workers

Maps
Africa MAP: Weather hazards impacts assessment for Africa (March 6- March 12 , 2008)


Country information


Del.icio.us Del.icio.us  |   Digg Digg  |   NewsVine NewsVine  |   Reddit Reddit   
Thumb for /thefacts/imagerepository/RTRPICT/2008-03-08T085140Z_01_PEK01_RTRIDSP_2_CHINA-PARLIAMENT_mainimage.jpg|/thenews/pictures/PEK01.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-03-07T173843Z_01_AFR26_RTRIDSP_2_SOUTHAFRICA_mainimage.jpg|/thenews/pictures/AFR26.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-03-07T164402Z_01_AFR28_RTRIDSP_2_SOUTHAFRICA_mainimage.jpg|/thenews/pictures/AFR28.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-03-07T164137Z_01_AFR27_RTRIDSP_2_SOUTHAFRICA_mainimage.jpg|/thenews/pictures/AFR27.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-03-07T104448Z_01_PEK209_RTRIDSP_2_CHINA-PARLIAMENT_mainimage.jpg|/thenews/pictures/PEK209.htm

A worker removes algae from an algae-filled lake in Guangzhou, Guangdong province March 7, 2008. China's Premier Wen Jiabao vowed to focus on fighting inflation, pollution and misgovernment as the nation ...



URL: http://www.alertnet.org/thenews/newsdesk/L1182265.htm

For our full disclaimer and copyright information please visit http://www.alertnet.org