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China offers Africa financial aid including $10 billion in loans

Sunday, November 8, 2009

China has offered Africa concessional loans worth US$10 (€6.5) billion as part of a host of new measures aimed at improving the economy of African nations. The announcement was made at the opening of the Forum on China-Africa Cooperation (FOCAC) in Sharm el-Sheikh, Egypt. Leaders of nearly 50 African countries are attending the two-day conference.

China had already stated today at the 3rd Conference of Chinese and African Entrepreneurs, held immediately before the FOCAC, that Chinese firms would be encouraged to invest in Africa, while both sides would work together to improve the tourism, telecommunications and finance industries. China also said that governments should work with businesses to ensure co-operation between China and Africa.

As well as the loans, made over three years, China will write off the debt of Africa’s poorest countries, build 100 African green energy facilities and systematically lower import duties on 95% of all African products exported to China. Another promise is a loan of one billion dollars aimed at small and medium sized businesses in Africa. There will also be efforts to promote each other’s culture and increased medical assistance to Africa. Medical assistance comes in the form of 500 million yuan (US$73.2 million) of goods for the 60 hospitals and malaria centers China has already built, as well as 3,000 doctors and nurses. Roads will also be improved.

China also plans to assist with satellite weather monitoring, to help combat desertification and work within the urban environment, all aimed at reducing global warming. The new energy facilities will focus on solar, biogas and small-scale hydroelectrical installations. Another new measure is a promise to aid African farmers to ensure the continent is fed, increasing the number of demonstrations of agricultural technology in Africa to 20 and sending 50 teams of agricultural technology experts to the continent. Training in agricultural technology will be provided to 2,000 people.

“The Chinese people cherish sincere friendship toward the African people, and China’s support to Africa’s development is concrete and real,” said co-chair Chinese Premier Wen Jiabao as the FOCAC opened up, adding “Whatever change that may take place in the world, our friendship with African people will not change.” He described this friendship as ‘unbreakable’. Two years ago China pledged US$5 (€3.37) billion at the last FOCAC in Beijing and now, according to Jiabao, “China is ready to deepen practical cooperation in Africa.”

We want more investment from China

China has fulfilled its 2006 pledge, investing a total of US$7.8 (€5.26) billion in Africa last year alone. 49 African countries are represented at the FOCAC, which was created in 2000, although Jiabao noted that relations between China and Africa go back fifty years. China had already forgiven or reduced the debt for thirty nations at that FOCAC summit.

According to Chinese state-owned paper China Daily, trade between China and Africa increased by 45% last year, to give a total value of US$107 (€72.1) billion, a tenfold increase since 2001 and up from US$491 (€331) million in 2003. The Chinese have a 9.8% market share, the largest of any nation, according to the U.S. Commerce Department. China has paid for schools, hospitals, malaria clinics and Chinese scholarships for African students. 50 more schools are to be built and 1,500 people trained to staff them.

Since 2006 Chinese energy firms have committed to spend at least US$16 (€10.8) billion securing African oil and gas. China’s Sinopec Group, an oil giant, bought up Addax Petroleum Corporation from its Swiss owners that year, gaining control of oilfields in Nigeria, Cameroon and Gabon. China promised earlier this year to spend US$9 (€6) billion on infrastructure in the Congo in exchange for mineral deposits for mining operations.

Jean Ping, leader of the African Union, said the told those at the conference that the money is coming at an opportune time, because African growth was “totally compromised” by the global financial crisis. Ping said one of the lessons learned is that the world is paying for “the irresponsible and lax behavior” of large financial companies whose philosophy was to make short-term profits.

We thank China particularly for backing efforts by our countries to achieve peace and stability in Africa’s zones of conflict

Not all Africans are happy with China’s increasing involvement in their continent. Trade practices are a concern for some, with a view that China exploits Africa for raw materials before selling back finished goods. Among these are Egyptian Trade and Industry Minister Rachid Mohamed Rachid. Egypt is the richest nation in the Middle East and is discussing this perceived issue with China. Rachid told Bloomberg “What is a worry for me is if competition is unfair. That is where we are unhappy.” Jiabao described the trade as being based on “win-win programmes… and transparency.”

Others in Africa are delighted with the situation. “We want more investment from China,” Tanzanian President Jakaya Mrisho Kikwete told the forum. Egypt’s own President Hosni Mubarak talked of “peace, security and growth,” and of “boosting cooperation between China and Africa.”

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Jiabao also used his speech to respond to criticisms that China worked with nations regardless of their human rights record, such as Sudan, whose President Omar al-Beahir is wanted on a warrant issued by the International Criminal Court for war crimes. “Africa is fully capable of solving its own problems, in an African way,” he said, adding that “China has never attached any political strings […] to assistance to Africa.”

Beshir thanked China in a speech for diplomatic work in Sudan, including working to defuse the Darfur conflict, which the United Nations says has left 300,000 dead. “We express our deep appreciation for China’s efforts in backing the comprehensive peace agreement in Sudan and its peace efforts in Darfur,” he said, referring to a peace deal between the northern and southern parts of his country. “We thank China particularly for backing efforts by our countries to achieve peace and stability in Africa’s zones of conflict.” Jiabao said China was willing to work towards “the settlement of issues of peace and security,” in Africa.

A further criticism has been that China has brought in Chinese workers and used their own knowledge, instead of training locals. Jiabao’s speech indicated an intention to co-operate better in the fields of science and technology, as well as improve training for African students on technical courses.

“Why do some only criticise China?” asked Jiabao. “Is this a view representing African countries, or rather the view of Western countries?”

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International participants showcase different industry cultures at 2008 Taipei Game Show

Friday, January 25, 2008

B2B Trade Area of Taipei Game Show, criticized by trade buyers last year, but accompanied with 2008 Taiwan Digital Content Forum, moved to the second floor at Taipei World Trade Center for world-wide participants with a better exchange atmosphere this year.

Not only local OBMs (Softstar Entertainment, Soft-World International Corp., International Games System Corp., …, etc.) but also companies from New Zealand, Canada, Japan, Hong Kong, and South Korea showcased different specialists with multiple styles. Especially on South Korea, participated members from G? Trade Show (Game Show & Trade, All-Round, aka Gstar) showcased gaming industry of South Korea and the G? upcoming at this November with brochures.

In the 2-days Digital Content Forum, world-class experts not only shared industry experiences, members from Taiwan Gaming Industry Association also discussed and forecasted marketing models for gaming industry. With participations from governmental, industrial, and academical executives world-wide, this forum helps them gained precious experiences of digital content industry from several countries.

According to the Taipei Computer Association, the show and forum organizer, the digital content industry in Taiwan was apparently grown up recent years as Minister of Economic Affairs of the Republic of China Steve Ruey-long Chen said at Opening Ceremony yesterday. Without R&Ds from cyber-gaming, and basic conceptions from policies and copyright issues, this (digital content) industry will be fallen down in Taiwan. If this industry wanted to be grown up in sustainability, gaming OBMs in Taiwan should independently produce different and unique games and change market style to market brands and games to the world.

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Buy Home Appliances Online India Vasanth &Amp; Co}

Submitted by: Vidhya Nivas

Because we understand what you need..

Technology is changing every day and so are customer requirements. Digitisation and e-commerce are regarded as one of the best boons bestowed on mankind.

Vasanth and Co found its beginnings sometime in 1978 with a few stores in the suburbs. With personalised customer services and excellence in service delivery, the company grew to over 100 stores across Tamil Nadu with an investment of about 1 to 2 billion (in Indian Rupees). Today, Vasanth and co is a household name that is fondly remembered for some of the most common yet reliable appliances that you use every day.

With evolving technology came the users desire to easy accessibility, which means everything has to be available at the fingertips. The complexity of commute knew no bounds too. That is why we decided to bring our goods online. You can now buy your appliances online from your favourite retail and electronics partners e-commerce website. Buy appliances that make your home chores easier such as vacuum cleaners, cooktops and much more. Find products for personal grooming such as hair dryers to save you a lot of time so that you can get to the office on time.

Our e-commerce site is one of the most preferred shopping malls because of its ease of navigation, design simplicity, high-resolution photos, mobile friendliness, user-generated genuine reviews and convenient shopping carts.

You can view and order our products at any time of the day. Make easy and secure online transfers for your goods to be delivered to your doorstep. Our online shopping portal also comes with some of the best offers and package deals for our customers. You can also get detailed data sheets of the products with its descriptions and specifications with which consumers can easily arrive at their buying decisions. Not just that, you can find a wide array of popular brands displayed on our website. Browse by keyword and find your most preferred gadget at your fingertips. Shop by subcategory, sort by price, ratings or alphabetical order to make your choice.

Under the Home Appliances section, you can find items for your domestic needs such as washing machines, air conditioners, water heaters and purifiers. Some of the brands available are Eureka Forbes, Samsung, LG, Videocon and Godrej. Our home entertainment section will provide you with details of televisions, home theatres and DVD players for your home viewing. You even have international brands such as Sony, Samsung and Haier to choose from. Our kitchen appliances section is meant to cater to all your kitchen and cooking needs. You can find a wide choice microwave ovens, refrigerators and mixer grinders from popular brands. As South Indians, we prefer making our batter at home, dont we? Where manually grinding by stone is a daunting task, revive traditional flavours by buying a wet grinder that will especially satisfy the South Indian palate.

Vasanth and Co have reigned in the retail and electronics industry for over three decades now and understand the consumers psychology more than anyone else. Visit our online store and make your choices confidently with us.

About the Author: vidhyanivas, digita marketer,

vasanthandco.in/

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isnare.com

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It’s Still Possible To Get Free Checking In Brevard

byAlma Abell

Some banks would have you believe that free checking is a thing of the past, but that’s far from the truth. In reality, there are a few places to get free checking in Brevard. One financial institution offering these accounts is CCU (Community Credit Union) of Florida. The amount of standard services that come with a free checking account is surprisingly high, and this makes it a great type of account for many customers. Here are some of the things you can expect to get:

A free debit card is standard for today’s checking accounts whether they are free or paid. These cards are directly connected to the account, so you can pay for things using checking funds without actually writing checks. Such convenience may not seem like a big deal, but it can be a lifesaver. With a debit card, you can pay a bill right before the due date cutoff without worrying about processing times. This is great if you’ve been paid in the evening and need to race a payment through an online system for just-in-time delivery.

ATM access is also part of a free checking account. Your debit card also serves as your ATM card.

Telephone banking is standard. You’ll be able to check your balance, transfer funds between accounts at the same institution, and more. Mobile and online banking are also available for free, as are mobile deposits. Online banking sites also offer helpful information like mortgage rates, budgeting tips, and other standard financial information.

One aspect of typical offerings of Free Checking is a bit of a mixed bag. Often, banks and credit unions only offer electronic statements for these accounts. This is undesirable when the time comes that a paper statement is needed. Some lenders, for example, demand paper bank statements to verify income or financial status. Home printouts are generally seen as suspect.

Free checking in Brevard also doesn’t offer interest. If you have enough money to cover the minimum account balance for an interest-bearing account, you should choose that instead. For most people, though, a checking account isn’t used as a type of investment. Therefore, most will appreciate having a no-fee checking account and not even notice any limitations. To learn more about available mortgage rates and more,

Wikinews interviews former Salt Lake City mayor and 2012 presidential candidate Rocky Anderson

Wednesday, December 21, 2011

Former Salt Lake City mayor and human rights activist Rocky Anderson took some time to discuss his 2012 U.S. presidential campaign and the newly-created Justice Party with Wikinews reporter William S. Saturn.

Anderson served as mayor of Salt Lake City for eight years (2000–2008) as a member of the Democratic Party. During his tenure, he enacted proposals to reduce the city’s carbon emissions, reformed its criminal justice system, and positioned it as a leading sanctuary for refugees. After leaving office, Anderson grew critical of the Democratic Party’s failure to push for impeachment against President George W. Bush, and for not reversing policies on torture, taxes, and defense spending. He left the party earlier this year and announced that he would form a Third party.

Anderson officially established the Justice Party last week during a press conference in Washington D.C.. He proclaimed “We the people are powerful enough to end the perverse government-to-the-highest-bidder system sustained by the two dominant parties…We are here today for the sake of justice — social justice, environmental justice and economic justice.” The party promotes campaign finance reform and is attempting to appeal to the Occupy Wall Street movement. It is currently working on ballot access efforts, and will hold a Founding Convention in February 2012 in Salt Lake City.

Among other issues, Anderson discussed climate change, health care, education, and civil liberties. He detailed his successes as mayor of Salt Lake City, stressed the importance of executive experience, and expressed his views on President Barack Obama and some of the Republican Party presidential candidates. He spoke in depth about former Massachusetts governor Mitt Romney, with whom he worked during the 2002 Winter Olympics, and fellow Utahan, former governor and U.S. ambassador to China Jon Huntsman, Jr..

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Nintendo releases GameBoy Micro in the US

Tuesday, September 13, 2005

On the 20th birthday of Nintendo‘s mascots, Mario and his brother Luigi, Nintendo has released the newest addition to the popular Game Boy line.

The Game Boy Micro is the smallest handheld release by Nintendo to date. Unlike other handhelds in the Game Boy Advance series, the Game Boy Micro can only play Game Boy Advance games and not games designed for the original Game Boy system. The handheld features a new link port, includes multiple removable faceplates, and additional faceplates can be purchased separately. This system has an MSRP of USD$99.99.

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How To Tell The Time Has Come For Air Conditioning Maintenance

byAlma Abell

The best way to keep a home’s heating and cooling system operating properly is to set up and follow a maintenance schedule. Within the scope of that schedule, it may be necessary to take care of some things sooner rather than later. Here are some signs that tell the home owner it’s time for some type of air conditioning maintenance.

The air in the home is not freshWhen the unit is working as it should, the air inside the home smells fresh and clean. Lately, the home owner has noticed there is a slight odor in the air. By standing close to a vent and inhaling, it is possible to confirm that the unpleasant scent is coming from the duct. In this scenario, the need for air conditioning maintenance in the form of a duct cleaning is certainly in order.

The Unit is running more OftenIt seems as if the unit never cycles off any more. This is true even though the weather is not unusually warm or cold for the time of year. Before assuming something is about to break down, take a good look at the filters. It could be that the addition of a new pet in the house led to more dander being trapped in the filter and affecting the air flow. By replacing the filters more often, the unit can force air through the system with greater efficiency and things can get back to normal.

Clanks and ClattersThe air conditioning has begun to make some unusual noises during operation. While the problem could be due to a part wearing out, the origin of the issue could also be that something needs to be tightened. A quick check during a routine inspection may be all it takes to identify the loose component, tighten the screws, and get rid of the clanks and clatters.

For help with any type of heating and cooling system issue, visit Horizonservicesinc.com and schedule a service call today. Once the technician determines what is happening, it will be easy enough to come up with a solution. That same technician can also talk with the home owner about a service contract that would make routine maintenance an easier task to manage.

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