Regime eyes Chinese offer of lifeline

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Old Oct 11th, 2009, 08:50 PM   #1
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Default Regime eyes Chinese offer of lifeline

Oil and minerals deals under negotiation between Guinea’s military government and the China International Fund will be among the largest of their kind in Africa – worth potentially billions of dollars, according to Mohamed Thiam, Guinea’s minister of mines.

Under the Guinean plan, the CIF would provide the lion’s share of finance for about $7bn (€4.7bn, £4.4bn) worth of projects, ranging from power-generation to the creation of an airline.

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