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Analysts might raise concerns about debt sustainability and skills transfer when assessing the mutual benefits of the Africa/China relationship, but the message from Africans is that projects are getting built and China is good news for the continent.

Engineering services company Willbros Group has agreed to pay $32.3m to settle US investigations into the payment of bribes to officials in Nigeria and Ecuador in violation of the Foreign Corrupt Practices Act.

Nigerian energy officials have taken important steps to move forward key policy goals, despite reports of delays and in-fighting across the Yar’Adua administration.

The new government named after last year’s violent general strike is keen to speed up the revision of oil and mining contracts, but is meeting resistance from President Conté’s inner circle, writes Our Conakry Correspondent.

Created last year to operate as an indigenous investment bank, Lagos-based Africa Finance Corporation (AFC) enjoys strong Nigerian governmental support and has hired a group of leading

An ExxonMobil-led consortium is putting together a huge project financing for a proposed liquefied natural gas scheme in PNG. Encouragingly for other emerging economies, despite the turmoil in global financial markets the sponsors of PNG LNG are confident they can raise an estimated $9.9bn in debt finance.

Private Thai company Asia Thai Mining has agreed to buy Canada’s Pan African Mining in

USTDA, transport initiative; IDA financing; World Bank finance for regional project; Chinese loan

The deadline is looming for countries to submit claims to the United Nations to extend their maritime boundaries beyond the usual 200 nautical miles to include submarine areas that are the prolongation of their land mass

The World Bank has launched a new initiative to develop and expand the principles of the Extractive Industries Transparency Initiative (EITI). The Bank says its EITI++ initiative seeks to develop national capability to handle the boom in commodity prices and channel growing revenue streams into fighting poverty, hunger, malnutrition, illiteracy and disease.

Sonangol likely to be well received for its foray into structured finance markets

IPSA Group has signed a £15.5m ($30m) loan facility agreement with Standard Bank. Some £12.7m has been used to pay the balance of funds due to Siemens subsidiary TurboCare for the _31.2m ($49.5m) acquisition of four Fiat Avio 501 D gas turbines for the Coega industrial zone project. The remainder will be used for working capital purposes. “We are really delighted by the strong support for IPSA shown by Standard Bank at this time of turbulence in the international financial markets.

DR CONGO: AfDB finance for Inga; LIBERIA: Official debt relief

ANGOLA: Deutsche Bank loan for roads; BENIN: Ex-Im Bank supports turbine sales; NIGERIA: FirstBank diversifies with Brazilian import line

A major challenges to the status of Somalia’s autonomous Somaliland and Puntland territories is the dispute over the Sool and eastern Sanaag regions, which are believed to be oil-rich.