Showing posts with label China International Fund. Show all posts
Showing posts with label China International Fund. Show all posts

Monday, July 8, 2013

■ CHINA: Sierra Leone Government finalizes $8billion worth of infrastructure projects including new airport for Freetown.

Sierra LeoneSierra Leonian president,  Dr Ernest Bai Koroma, finalized a USD300million deal with the China Railway International Company for the construction of a new international airport to serve Freetown during his recent week-long trip to China. The airport forms part of a group of investments totalling USD8billion China is set to make in the impoverished West African state.

Tuesday, March 5, 2013

► ZIMBABWE: China Sonangol denies its A320 being used for diamond smuggling.

SonangolChina Sonangol, the joint venture between the Hong Kong based China International Fund (or the 88 Queensway group) and Angola's state-owned oil company Sonangol, has denied a report by whistle-blower site, 100Reporters, alleging that its Airbus A319 (MSN 2706 | VP-BEX) was being used to "smuggle" diamonds from Zimbabwe's controversial Marange diamond fields.

Thursday, November 29, 2012

■ TANZANIA: Construction of Terminal III Extension to Dar es Salaam's Julius Nyerere International Airport to finally go ahead?

TanzaniaConstruction of the new Terminal III complex at Dar es Salaam's Julius Nyerere International (JNIA) Airport is set to proceed once a suitable qualified contractor has been found by the Tanzania Airports Authority (TAA).

Thursday, June 21, 2012

► GUINEA: Air Guinée to be resurrected?

Air Guinée

Air Guinée Route Network
Air Guinée's Route Network pre 2002 (Winne)

Reports suggest that Chinese aircraft manufacturers China Aviation Industry Corporation (AVIC) are discussing a possible joint venture with the Guineans, following the collapse of another joint venture in 2009  - Air Guinée International - which was to be 85% owned by Hong Kong-based China International Fund (of Sonangol Angola fame). However, due to the unstable political climate in Conakry following the Coup d'etat of 2008, the deal was never fully implemented.

Air Guinée International Airbus
Air Guinée International A320 (Romain Salerno)

Since then, Guinea has been left with no national carrier, relying instead on other regional carriers as well as Air France for air routes into and out of the country.