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Blackwater Founder Erik Prince To Advise Chinese Firms In Africa

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AFRICANGLOBE - Former Navy SEAL and Blackwater founder Erik Prince has a new security venture. This time he is helping Chinese firms to “take the drama out of Africa”. Africa has become a major target for Chinese investment to secure access to the continent’s vast natural resources.

From Winery To Factories, Chinese Firms Investing Billions In South Africa

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AFRICANGLOBE - Chinese investment in South Africa is surging, highlighted by a multibillion-dollar project by Shanghai Zendai Property, a Hong Kong-listed firm. China's foreign direct investment in Africa's second-biggest economy leapt from 340 million rand (HK$255 million) in 2005 to 50 billion rand in 2012, local media quoted South African Reserve Bank deputy governor Daniel Mminele as saying.

Chinese Companies Get Ethiopian Telecoms Contract

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Ethiopia plans to give a $ 1.3 billion contract to upgrade its telecommunications infrastructure to two Chinese giants ZTE and Huawei Technologies after they...
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