China's President Xi Jinping is welcomed at the State House in Dar es Salaam.
China's President Xi Jinping is welcomed at the State House in Dar es Salaam.
China's President Xi Jinping is welcomed at the State House in Dar es Salaam.
China's President Xi Jinping is welcomed at the State House in Dar es Salaam.

Xi says China development will help Africa 'grow richer'


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DAR ES SALAAM // China's president told Africans yesterday he wanted a relationship of equals that would help the continent develop, responding to concerns that Beijing is only interested in shipping out its raw materials.

On the first stop on an African tour that will include a BRICS summit of major emerging economies, Xi Jinping told the Tanzanian president, Jakaya Kikwete, that China's involvement in Africa would help the continent grow richer.

"China sincerely hopes to see faster development in African countries and a better life for African people," Mr Xi said in a speech laying out China's policy on Africa, delivered at a conference centre in Dar es Salaam built with Chinese money.

Renewing an offer of US$20 billion (Dh73.4bn) of loans to Africa between 2013 and 2015, Mr Xi pledged to "help African countries turn resource endowment into development strength and achieve independent and sustainable development".

Africans broadly see China as a healthy counterbalance to Western influence but, as ties mature, there are growing calls from policymakers and economists for a more balanced trade deal.

"China will continue to offer, as always, necessary assistance to Africa with no political strings attached," Mr Xi said to applause. "We get on well and treat each others as equals."

But gratitude for that aid is increasingly tinged with resentment about the way Chinese companies operate in Africa, where industrial complexes staffed exclusively by Chinese workers have occasionally provoked riots by locals looking for work.

Countering concerns that Africa is not benefiting from developing skills or technology from Chinese investment, Mr Xi said China would train 30,000 African professionals, offer 18,000 scholarships to African students and "increase technology transfer and experience".

"The Sino-Tanzania relationship has endured a lot," said Mr Kikwete, whose nation built close ties with China in the early years after independence from the British in 1964. "Now we have become all-weather friends."

China built a railway linking Tanzania and Zambia in the 1960s and early 1970s.

The two leaders witnessed the signing of trade and other deals, including plans to co-develop a new port and industrial zone complex, a loan for communications infrastructure and an interest-free loan to the government. No details were given on the size of the loans or the industrial projects.

Mr Xi's next stop was South Africa for a BRICS summit today and tomorrow, where he could endorse plans for a joint foreign exchange reserves pool and an infrastructure bank.

Those proposals respond to frustrations among emerging markets at having to rely on the World Bank and International Monetary Fund, which are seen as reflecting the interests of the United States and other industrialised nations.

Nigeria's central bank governor, Lamido Sanusi, wrote in the Financial Times this month that the trade imbalance between China and Africa was "the essence of colonialism" and cautioned the continent was vulnerable to a new form of imperialism.

China is keen not to be perceived as an imperial master.

"The legacy of [the] West is the feeling that Africa should thank them, and that Africa should recognise that it is not as good as the West," Zhong Jianhua, China's special envoy to Africa, said before Mr Xi's trip. "That is not acceptable."

Lu Shaye, head of the Chinese Foreign Ministry's African affairs department, said it was the West which was only interested in African resources, not China.

"What have western countries done for Africa in the 50 years since independence? Nothing. All they have done is criticise China and that is unfair," he told a Hong Kong television station.

Mr Xi's African tour ends in Republic of Congo, from which China imported 5.4 billion tonnes of oil last year. That amount was just 2 per cent of its total oil imports, but potentially the source of a lot more.

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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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1987

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Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.

Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.

Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.

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When: The one-off Test starts on Friday, May 11
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TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

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Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

SPEC SHEET

Display: 6.8" edge quad-HD  dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz

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Front camera: 40MP f/2.2

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I/O: USB-C

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Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red

Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE