States and Power in Africa
Chinese Bank Buys into South Africa's Standard Bank
Industrial and Commercial Bank of China Acquires Stake in South Africa's Standard Bank
- Industrial and Commercial Bank of China, the most valuable bank in the world, bought 20% of South Africa's Standard Bank for 36.7 billion rand ($5.5 billion)
- largest foreign investment by a Chinese bank--ever
- largest foreign-direct investment of any country in South Africa--ever
- Plan to create a common $500m fund to invest in oil and mining
Almost everything that happens in China these days is the largest thing ever. Reason for caution; moment of opportunity.
Hi Jen,
The bank that was bought into was Standard Bank and not Standard Chartered Bank.
Keep doing what you do!
Posted by: Simunza S. Muyangana | October 30, 2007 at 11:48 AM
Ahh!! Thanks for catching that. I wrote this post in a hurry.
(Sorry guys.)
Posted by: Jennifer Brea | October 30, 2007 at 12:00 PM
From Biodun Shobanjo: 'You're Fired!'
The man called 'Godfather of Nigerian Advertising', Biodun Shobanjo has joined the A-list cadre of business moguls like the US' Donald Trump, the UK's Allan Sugar and SA's Tokyo Sexwale as a consortium of The Executive Group, Storm Vision and Bank PHB has unveiled him as CEO for The Apprentice Africa!
The debonair icon, Biodun Shobanjo, at 63, is Chairman of the Troyka Group, which is the holding company for Nigeria's biggest ad agency, Insight Grey, FK:G2, Optimum Exposure, Media Perpective, MediaCom, Quadrant and Halogen, employing over seven thousand Nigerian men and women.
The Godfather is bringing this intimidating resume to bear in coaching 18 young African men and women on the principles of business, success and winning.
Applications are now being accepted from young Africans all over the world - people with brilliance and street-smarts. Apply on www.theapprenticeafrica.com. Do YOU have what it takes?
Posted by: Chudeity | November 03, 2007 at 08:34 AM
Hi Jen, you still over in Beijing? I thought that I would give you a Heads Up on the upcoming EU-Africa Summit in Lisbon. Let me know if you plan to write about the summit so that I may quote from your post and link to it.
Saw the post about the Africans and blacks from the Americas being rounded up and beaten by the Beijing Police goon squad. How could I have missed that news story? It didn't get any play at all here in Germany on either the TV news or the press. Any photos? That would be hot if someone had photos or video of the raid. Non? Ask Howard French, he's always roaming the streets of Shanghai and Beijing taking photos for his blog. Howard got rounded up and beaten too? You're kidding?
Posted by: BRE | December 05, 2007 at 09:17 AM
What a cool blog! Really. Thanks for doing this. pretty sweet!
Posted by: Intisar Abioto | December 10, 2007 at 02:09 AM
ok!!
电加热器
Posted by: ww | December 13, 2007 at 03:20 AM