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Blackwater Founder Erik Prince To Advise Chinese Firms In Africa

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

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

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