The New Times (Kigali) Government Supporting Daily

Africa: Kagame Praises China's Africa Investments

Kigali — President Paul Kagame has praised China's investment in African countries and called on the West to change their approach from giving aid to investing in the continent.

The President said this in an exclusive interview that ran yesterday with German business daily, Handelsblatt.

"I would prefer the Western world to invest in Africa rather than handing out development aid. There is a need for help but it should be implemented in such a way as to enable trade and build up companies. Western firms have to a large extent polluted Africa and they are still doing it. Think of the dumping of nuclear waste in the Ivory Coast or the fact that Somalia is being used as a rubbish bin by European firms," Kagame was quoted by Handelsblatt.

"Huge Chinese investment in African companies and infrastructure is helping Africa develop. The Chinese bring what Africa needs: investment and money for governments and companies."

"European and American involvement has not brought Africa forward, blaming high trade tariffs for Africa's inability to access global markets with their produce."

"China is investing in infrastructure and building roads," said Kagame.

Kagame called for a redirection of development aid towards investment.

In May, China announced it was boosting its state-run Africa investment fund by two billion dollars.

Since its launch in 2006, the China-Africa Development Fund has invested some 400 million dollars in the continent.

Currently the trade between China and Africa accounts for $100 billion annually.

The relationship between China and Africa can be traced back to the 1960s during the Cold War when China provided support to Africa's liberation movements.

Since the late 1980s, China's relationship with Africa took a new turn, leaning more towards economic co-operation thanks to China's economic reforms.

There are over 500 Chinese-owned investment projects in Africa in the areas of resource extraction.

Recently, World Bank President Robert Zoellick said he is in talks with the Chinese government about cooperating on investments in Africa, which he said could help boost the continent's economic growth.

During his visit to China, Zoellick revealed that China Investment Corp had expressed interest in investing in the World Bank's recently launched asset management company, which invests private-sector funds in sub-Saharan Africa and Latin America.


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  • upliftdarace_144
    Oct 13 2009, 10:03

    John 10:10

    The thief (D-Evil) comes to steal,kill, and to destroy: I (Jesus Christ) have come that they might have life, and that they might have it more abundantly.

    [Daniel 11:14 ]] And in those times there shall many stand up against the king of the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR PEOPLE shall exalt themselves to establish the vision; BUT THEY SHALL FALL !

    INFERIORITY = UNEQUAL EXCHANGE ANY KIND OF EXCHANGE MUST BE AS EQUALS

    Currency Exchange is designed to puff up certain peoples and nations over others. The numbers are constantly telling some that they are inferior to others. The problem intensifies when those being manipulated by this financial scam buy in to this wicked scheme.

    What’s the solution to INFERIORITY CURRENCY EXCHANGE ? Stop giving away our souls one piece of money ( dollar , pound, franc, rand, deniro, rupal, euro, Chinese renminbi, rupee, Russian ruble,etc..) at-a-time .

    Do research on what price your product gets in the so-called First World countries. And demand that price. This will not work unless people at the local areas do this together. Form Co-Ops and agree to charge the prices you deserve.

    2) INFERIORITY = Pay by Time

    There is another system used to oppress people that feeds the business owners with a lust for MORE profit. One year they may have profits of 50%, the next year they may have profits of 100%, the next year their profits may only be 75%. The system in the world will consider that going from 100% profits to 75% profits is bad for business.

    How is that bad ? Profits are profits ! Many businesses have different levels of pay for the same workers.; levels such as :

    a) Top Salaries – Private and only known to each individual workers b) Medium Salaries – Private “ “ “ “ c) Lower Salaries – Private and only known to each individual workers d) High Hourly Wages e) Medium Hourly Wages f) Minimum Hourly Wages

    I suggest that EVERY WORKER SHOULD BE PAID A LIVING WAGE. The Minimum Wage is like a financial ball and chain ; only giving those receiving it just enough to live to see the next day.

    The Living Wage allows workers to live, invest, spend, save, and thrive. We can dream about having our own businesses , then wake up and attain our dreams. This is great for the businesses that pay Living Wages. For this creates new customers and new generations of customers.

    As long as the system of Living Wages is in place, there will be a thriving economy and a blooming world full of optimistic activities. But it will only happen when business owners see the benefit of paying more pennies to make more dollars ! Which of you business owners will have the insight, recognition, roots, understanding, initiative, moxy, & compassion to make the step most are afraid to make.

    John 10:10

    The thief (D-Evil) comes to steal,kill, and to destroy: I (Jesus Christ) have come that they might have life, and that they might have it more abundantly.

    [Daniel 11:14 ]] And in those times there shall many stand up against the king of the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR PEOPLE shall exalt themselves to establish the vision; BUT THEY SHALL FALL !

    INFERIORITY = UNEQUAL EXCHANGE ANY KIND OF EXCHANGE MUST BE AS EQUALS

    THE TRUTH ABOUT DIAMONDS –

    Did You Know That The Robbers Have Warehouses Full Of 55 Gallon Drums Each Full Of Raw Uncut Diamonds ?

    The Wicked Are Using The Same Schemes On Us. : 1) They Hoard Riches ; Controlling The Supply So We’ll Think The Supply Is Low 2) This Scheme Helps Them To Get A Higher Price & Deceives Most Of Us Into Believing That Things ( Such As Diamonds, Gold, Oil, Etc..) Are In Short Supply & Even Due To Run Out.

    Diamonds Are In Abundance And Their Supply Is Being Controlled By Persons Under The Control Of Spiritual Wickedness In High Places (Ephesians 6:12) .

    We Saints Serve An Infinite God, What He Placed Here On This Earth For His Children Is Also Infinite. When You See A Volcano Or Magma ; The Liquid Land Flowing Out Of Volcanos, Think Of Growth. The Earth Is Steady Growing.

    Once God Settles Things With The Rightreous & Un-Righteous . [Definition – Righteous Means The Desire To Do Right ]

    Diamonds Are In Abundance And Their Supply Is Being Controlled By Persons Under The Control Of Spiritual Wickedness In High Places (Ephesians 6:12) . [http://janineroberts.org/]

    1. The Bakken Oil Field Find

    2. 55 gallon drums fulls of unprocessed diamonds.

    * These are just a few of the suppressed world riches this beautiful world created by God (Jehovah, Father of Jesus Christ)..

    3. Minister Lindsey Williams has known for 30 years of a major oil find in Alaska.

    * He says that he sat in on meetings of the rich and powerful. These men decided not to use this oil to help America.

    * Beware Africans, the wolves of deception are always around riches.

    * Hosea said we perish for two reasons. Most people only remember one reason why we perish.

    - Hosea said MY PEOPLE PERISH FOR LACK OF KNOWLEDGE

    - AND…because they REJECT KNOWLEDGE

    - In other words, they DON’T KNOW & THEY DON’T WANT TO KNOW !!!!

    4. For those who want to know I suggest you guys who can get the Internet do these things :

    a) Listen to broadcasts like : Alex Jones (Infowars), Derry Brownfield, The Power Hour

    (Joyce & Dave), Jeff Rense, and other broadcasts on the Genesis Communications Network.

    b) Here’s an appetizer of information on the subjects I have just written on :

    • Do a search use IX Quick search engine .They don’t record your computer’s address ; protect your privacy [ http://ixquick.com/]

    • Here are three(s) separate subjects that I mentioned that you can search for

    (i) – Bakken Oil Field Find

    (ii) – Lindsey Williams (YouTube videos)

    (iii) – Janine Roberts :Glitter & Greed : The Secret World of The Diamond Cartel

    ANOTHER SUGGESTION IS FOR THOSE LIVING IN THE CITY TO POOL THEIR RESOURCES TOGETHER AND MAKE NEIGHBORHOOD COOP GREENHOUSES . HERE YOU CAN GROW SOME KIND OF FOODS AND NOT BE TOTALLY DEPENDENT ON GROCERY STORES.

    Our only enemies are in Hell , waiting for their life-sentence of damnation.

    You are in my prayers. Pray for each other too

    Have Faith in God and Love for each other. May The Lord God Bless You real good

    The Swine Flu Vaccination Hoax - Explained URL – [http://www.youtube.com/watch?v=SbFxV_C8Yw4 ]

    [Check Out :

    3) Who Brought The Slaves To America ? URL = [ http://www.youtube.com/watch?v=JuzhnKy63io ] Or [http://wideeyecinema.com/?p=911]

    WAKE UP !!! STAY UP !!!

    [ www.libradio.net ]

    [http://www.infowars.com/infowars.asx ]

    [ gcnlive.com ]

    Life Is A Game. Have Fun . Luke 18:17 - Isaiah 11:6