China’s trade with Africa has overtaken the USA’s trade with the continent and will soon rival that of the European Union
Officials are building up expectations for the fifth Forum on China-Africa Cooperation (FOCAC V), which Beijing will host in the last quarter of this year. The showpiece summit, which began in 2000 and has been held every three years since, now returns in the year of the dragon – which will be doubtlessly trumpeted as auspicious for China-Africa relations. FOCAC V will fall in a busy season for Beijing, as it completes its long-gestating leadership transition at the 18th Communist Party Congress. Stability – both at home and in terms of relations with its African partners – will remain a priority.
Beijing’s cooperation with the International Monetary Fund often goes unnoticed. China has been quietly working with the IMF to pressure African governments to remove fuel subsidie...
Many Indian businesses are not waiting for government support for their African ventures and are transforming Africa’s economic infrastructure
The Indian government starts 2012 aiming to almost double bilateral trade with Africa from US$46 billion to $70 bn. by 2015. Such plans disguise the fact that, so far, India’s enga...
