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Africa

 

news by category: Africa

Found 945 articles.

Displaying 75 results from 2009 (out of 945 total).

New men for a new push

A new team of Africa policymakers in Delhi is helping companies and banks to expand their investments on the continent

The second iteration of India's Congress Party-led federal coalition has augmented its diplomatic, strategic and commercial thrust into Africa in pursuit of hydrocarbons, minerals, agricultural land and markets. By selecting Shashi...


Grease for the wheels of friendship

At the India-Africa Hydrocarbon Conference in Delhi on 8 December, External Affairs Minister S.M. Krishna preached the benefits of 'a close alignment on major international issues and an abundance of socio-political...


FOCAC meets expectations

China’s newly announced Africa policy is more of the same, but with a lack of African consensus that is all that could be hoped for

In comparison to the festivities of 2006, the 8-9 November Forum on China-Africa Cooperation (FOCAC IV) in Sharm El-Sheikh, Egypt, was a much less hyped-up affair. It was...


FOCAC 2009 brings more promises

The Sharm El-Sheik Action Plan sets out China-Africa cooperation goals for 2009 to 2012. Chinese officials emphasised that the 2006 Beijing Forum on China-Africa Cooperation was more a...


More catalyst than juggernaut

A China-Africa scholar weighs the evidence on the effect China has on Africa’s industrialisation

Conventional wisdom has it that the Chinese economic juggernaut is sweeping across the African continent, devastating already weak manufacturing sectors. Yet in many countries, statistics show a far...


An electric strategy

India is launching its own mini-offensive in the electricity sector, following Chinese-style financing and contracting practices. On 29 October, New Delhi announced a new US$263 million credit line...


The rice run-around

A US$2 million deal by a major Vietnamese rice exporter points to the corruption found on both side of the Africa-Asia commodities trade. Unlike Thailand, where the private...


The East takes on the South

The new team of Eurocrats has little experience of Africa and may be surprised by what it finds

A new European Commission was named on 17 November and most of its members who will deal with African affairs are from countries with no ties to the...


The smugglers make their fortunes

The more embargoes and sanctions, the higher the rate of return for international arms dealers

Arms traders are getting around Europe's sanctions on Guinea and playing games with the embargo on Côte d'Ivoire, and Belgium sells weapons to Libya, hub of the arms...


Experts argue about Africa's prospects

The IMF and the AfDB differ sharply on the severity of the global recession's effects on Africa and the measures needed to ameliorate them

The world's financial experts and institutions disagree on how seriously the global financial crash has affected developing economies or how quickly they may recover. In Africa, the International...


Good judge, bad judge

The lucrative commercial and political networks between France and Africa have survived a remarkable month in the French courts but more embarrassing cases are coming soon. On 27...


A year after the crash

Facing stubbornly high food prices, rising joblessness and investment cutbacks, Africa is lagging behind the economic recovery in Asia

A faint self-congratulatory whiff of a 'great depression averted' wafted through the annual meetings of the International Monetary Fund and World Bank in Istanbul, Turkey, on 4-5 October....


Africa joins the billion club

The population of sub-Saharan Africa will exceed one billion this year so the African nations entering the 2010 World Cup can hope for a large fan base. For optimists, billionaire status offers the opportunity for the continent to follow in the footsteps of China and India (which, however, have one government each) and reap a demographic dividend. Others argue that it will intensify the pressure on land, food, water and job opportunities, as many governments increasingly fail to meet demand for basic social services such as education and health care.

The United Nations Population Fund (UNFPA), which made the one-billion prediction, says sub-Saharan Africa faces serious political, economic and social challenges. Twenty years of population growth at almost...


Family planning un-gagged

A key donor of funds for reproductive health is the United States Agency for International Development (USAID). Its work was hampered by the global gag rule until, as...


A business and strategic foray

As Iran spreads its influence in Africa, Israel tries to return to a continent where it once had many friends

Foreign Minister Avigdor Lieberman’s five-country trip to Africa on 2-9 September showed the extent of diplomatic ground which Israel has lost over the past three decades, since the...


The row over Aaron Ringera

The reappointment of the anti-corruption chief opens a rift between Parliament and President Mwai Kibaki as top politicians come under fire

For the first time in Kenya's history, Parliament has voted to reject a presidential order, duly noted in the official Gazette. At stake is the survival both of...


Which vulture flies?

President Sassou spends millions of his country’s money on trying to stop vulture funds preying on bad debtors – like Congo

President Denis Sassou-Nguesso has spent nearly US$6 million on lawyers and lobbyists in the United States in the past three years. He wants Congress to pass legislation...


Remaking an old relationship

Paris tries out new policies on aid and trade in a bid to confront the growing power and influence of Asian economies

France hopes to diversify its trade with Africa and also to hold on to its traditional influence in its former African empire. This tricky balance is reflected in...


The flag follows the trade

France's giant power and construction companies have vast economic interests in Africa

Bouygues: Went to Africa in the 1960s; by 2008, Africa operations had a turnover of over 1.6 billion euros (US$2.3 bn.), led by infrastructure subsidiary Colas (E707 million)...


Barack Obama launches his agenda in Ghana

The African audience hopes that President Obama's declared Africa policy will be both distinctive and practicable

As in so many areas the expectations are that President Barack Obama's Africa policy will be a break with the past. In some respects, the President's decision to...


Washington's Africa team takes shape

After years of marginalisation and under-staffing, the African Affairs bureau of the State Department is beginning to attract strong interest from the other regional bureaux. The first key...


How to win in a recession

The trading of oil and other commodities is far more lucrative and resistant to demands for scrutiny than the beleaguered banking sector

The world of oil trading is as remarkable for its profits as for its opacity, some of its largest businesses having an annual turnover of several hundred billion...


Inside the four big oil traders

The oil trading companies, their owners and areas of operation

Glencore: The company does not name its chief executive. The firm began in 1994 when the United States’ commodities trader Marc Rich (who secured a pardon for tax...


Hanging tough

African governments sense a new toughness in Washington’s Africa policy, a month before President Barack Obama’s state visit to Ghana on 10-11 July, officials have told Africa...


Franc Afrique

Three important African allies of French President Nicolas Sarkozy could find their French assets under scrutiny after Juge d'Instruction Françoise Desset ruled on 6 May that an anti-corruption...


The bust and after

Finance ministers and central bank governors are holding an African summit in Washington next week to map a way out of the crisis

As the international financial crisis intensified last year, some African governments thought they could avoid the worst by strengthening their trade and investment ties with Asia. Denial has...


And the good news

Amid the gloom lie some positives. African economies now have on average 5.7 months of reserves to cover imports, policy frameworks are sounder, government ministries are better staffed....


Words like freedom

Telling the public the truth is getting more dangerous and expensive, as rulers and militias resist the development of a free press. The rate of targeted killings of journalists in Africa is rising fast. Governments and corrupt businesses are resorting to launching defamation cases or backing draconian media laws to crack down on independent journalism.

On the first day of 2009, Hassan Mayow, a journalist working for Somalia's Radio Shabelle, was shot dead by government troops in Afgoye, 30 kilometres outside the capital....


Don't forget your SIM card

Sub-Saharan Africa is not famous for technological innovation but a report from the Massachusetts Institute of Technology indicates that mobile telephone use has grown twice as quickly there...


Libya and its African brothers

The row in Africa over migration weakens progress towards the African Union's aims of the free movement of people, goods and services across the continent, says Albert Ouédraogo,...


Unfinished business

President Sarkozy faces awkward questions about his stopovers in Brazzaville, Kinshasa and Niamey this month

The legacy of Françafrique - the opaque network of commercial and political ties between Paris and its African allies - continues to haunt French President Nicolas Sarkozy's government,...


Don't shoot the ambulance

After a decade of growth in Africa, the IMF and World Bank's economists are offering loans and policy advice again

The financial crisis has had one indisputable effect: it has put the World Bank and the International Monetary Fund back in business in Africa. Suddenly there is no...


Credits crunched

Africa advisor at the Elysée Bruno Joubert will be awaiting a ruling by Paris's parquet on the admissibility of a civil case against Gabon's President Omar Bongo Ondimba,...


Telecoms domination in three fell swoops

Financial and communication technology are powering major Indian deals

Untitled Document Indian companies are behind three now somewhat troubled bids to take over the choicest assets in the African telecoms business: Bharti's US$23 billion merger with MTN, Essar's takeover of...


Africa slips down the foreign policy agenda

After its regime change, Tokyo will focus more on China and the USA and begin a cost-cutting review of its Africa and development policy initiatives

Tokyo's pledges to double aid to Africa and offer US$4 billion in concessional loans are in question following the landslide election of the Democratic Party of Japan on 30 August....


Financial follow-through

Aggressive investment by the China Investment Corporation, which manages nearly US$300 billion of Beijing's $2.1 trillion in foreign reserves, is leading to a boom in Africa-focused investments. In...


The race for strategic minerals

Africa's mineral reserves are drawing interest from Asian and Western states determined to secure supplies and counter wild price fluctuations

Strategic minerals are back in fashion and - along with oil and gas - at the centre of geopolitical rivalries between industrial economies in Asia and the West. New technologies...


Strategic resources and global rivalries

All modern economies face the challenge of securing access to strategic minerals: cobalt, used to make superalloys; rare earth metals like neodymium, which is used in the manufacture of hybrid automotive...


Labouring the point

A new report by African trades unionists accuses Chinese companies of breaking regulations on minimum wages and working conditions

African trades unionists are stepping up their criticism of the Chinese companies in countries like Algeria, Nigeria and South Africa. In mid-August the Congress of South African Trade Unions called on...


African officials ignore labour abuses

African Labour Research Network investigators found that many factory inspectors at Kenya's Labour Ministry took bribes from Chinese and other companies to overlook bad practices. Despite reports that in Malawi, workers...


Beijing debates world's biggest aid fund

Chinese officials are discussing ways to use some of their country's $2.1 trillion in foreign reserves to finance what could be the world's biggest development aid programme, as Western economies are...


The rice and the rot

Opposition politicians in Delhi are pressing Prime Minister Manmohan Singh's Congress Party government for a full investigation into allegations of corrupt deals worth 25 billion rupees (US$520 million) in rice exports...


Mittal's meltdown

Hobbled by the global business downturn and billions of dollars in debt, Mittal's plans to turn West Africa into its iron-ore hub are on hold

The world's biggest steelmaker, ArcelorMittal, is cutting back sharply on its operations in West Africa, which were part of a plan to provide about two-thirds of the company's iron ore....


Tokyo's new loans for Africa

Japan is to add another US$4 billion in new concessional loans to Africa over the next five years, outpacing the spending of the China-Africa Development Fund, according to Koji Yonetani, the...


Minerals meltdown

China is taking advantage of the global economic crisis to restructure its mining industry. A 4 trillion renminbi (US$586 billion) stimulus plan, announced late last year, encompasses sector-specific reform measures put...


Leaky dam builders

While China's leading dam-builder Sinohydro was busy dealing with complaints from Western non-governmental organisations about its refusal to engage with local populations, an East African NGO shut down one of Sinohydro's...


ICBC's toe in African waters

The October 2007 merger between the Industrial and Commercial Bank of China, the world's largest bank, and Standard Bank, South Africa's largest, is finally showing its potential. After a lacklustre start,...


The battle for the Indian Ocean

Competition for strategic advantage in the world’s most important shipping lanes draws Africa and Asia into a regional stand-off

For the next few decades, the Indian Ocean will be the setting for competition between three great powers: the United States adjusting to an increasingly multipolar world, and the rising military...


Washington adjusts to the Chinindia factor

China sees India more as a stumbling block than a competitor for its ambitions in Asia. Professor Han Hua, a South Asia specialist at Beijing University, said that China lacks...


Not the promised land

China would not be taking up tracts of land in Africa to meet its domestic food requirements insisted Beijing's Deputy Agriculture Minister Niu Dun in April, but reports on the...


With your permission

On 7 May, Taiwan's Ministry of Foreign Affairs released a long-delayed white paper on foreign aid confirming what Taipei's allies are keenly aware of: Taiwan's foreign aid has dropped...


If not trade or aid, then what?

Taiwanese diplomacy faces an awkward commercial challenge. Stripped of the warm words and diplomatic ambiguities, it is clear that Taipei's biggest trading partners no longer recognise Taiwan as an independent state...


Where confidence is currency

Although China's exports have fallen by more than a quarter from last year's levels, the Export-Import Bank of China is busier than ever financing trade with Africa, Latin America and...


The sun also rises

China's plummeting exports are worse than many economists had expected but the country's slowdown does not necessarily spell doom for Africa

Africa and China escaped the worst direct effects of the global slowdown last year, Africa because its banks were not integrated into international credit markets, and China because its banks were...


Missing the target

Economic and political troubles at home mean that Japan is having difficulty following through on its pledges to Africa

The man who was Japanese Prime Minister in 2007-08, Yasuo Fukuda, was in Botswana on 21-22 March for the follow-up meeting of the Tokyo International Conference on African...


A 'challenge and a big stress'

Before China, there was Japan, say Kenyans. The Japanese aid model is built largely around supplying technical expertise rather than direct budget support. Japanese experts in agriculture, energy and education are...


Seoul's safety in numbers

On top of the Madagascar saga, South Korea's loss of oil acreage in Nigeria in February is the biggest of several setbacks for Korean companies in Africa in recent months (AAC...


When Irish eyes are smiling

Ireland's Tullow, which has quickly outgrown out its minnow status, enters April stronger, having raised US$2 billion in debt financing and energetically dismissing speculation that it would consider selling...


Banking on secrecy

Finance ministers will come under heavy pressure at the G-20 meeting on 2 April in London to crack down on tax havens and the banking secrecy regimes that...


Shantayanan Devarajan

Chief Economist, Africa Region, World Bank

The effects of the global slowdown on African economies have been generally overlooked. The World Bank has responded with its advocacy of more regional integration and infrastructure development, and a proposal...


Beijing news network

Beijing is investing 45 billion yuan (US$6.6 bn.) in expanding its Xinhua News Agency and launching a 24-hour English language television news station. The plans envisage more cooperation with African media...


Another new world order

Beijing's trade and investment in Africa will continue to grow despite a few credit-crunch casualties

Like every other major economy, China is reassessing its priorities, and worrying about unemployment and falling market demand. Beijing's policymakers will therefore concentrate more on domestic economic growth...


Delhi defies the downturn

India's ministers predict that trade with Africa will hit US$100 billion, but it will take many more deals and deeper import and export diversification

Over the next five years, New Delhi expects India's trade with Africa to reach US$100 billion - despite the global economic slowdown. In an upbeat analysis of relations with Africa,...


Africa tests rapprochement

Taipei's strategy enters a new era as it talks about cooperation with Beijing and ends dollar diplomacy in Africa

Taiwan's President Ma Ying-jeou's new diplomatic strategy of rapprochement with China is making waves from the Taiwan Strait to distant African shores. Agreements have been signed between the two sides' semi-official...


Good intentions meet reality

Private companies are sceptical about Tokyo's African enthusiasms as the slowdown hits their operations at home

Tokyo's promises to double aid to Africa by 2012 are being tested by international financial pressure on Japan's already feeble economy - and by domestic political troubles. Prime Minister Taro Aso...


State agencies lead the way

Most of the impetus for Japanese companies in Africa will be coming from state agencies. The Japanese International Cooperation Agency wants to test its newly expanded powers and wider funding base,...


Ploughing new fields

Asia's smaller states look to agricultural cooperation with Africa for mutually beneficial trade

Cambodia's diplomatic reach in Africa is extremely limited but its rice exports are expanding fast despite questions about their quality. With a record surplus of over 2.8 million tonnes in 2008,...


Displaying 75 results from 2009 (out of 945 total).