Theresa May’s Plan for Africa – more profiteering for British companies
At what point do we stop calling Theresa May’s approach aid and start calling it profiteering under a different guise? The next time a British [read more…]
Business
Should Africa be wary of Chinese debt?
African countries have shown a healthy appetite for Chinese loans but some experts now worry that the continent is gorging on debt, and could soon [read more…]
Why Africa must industrialise
Africa needs to move labour into more productive sectors to improve livelihoods. Extreme poverty, the most widespread and destructive characteristic of underdevelopment, is pervasive and [read more…]
Africa and the rich ‘North’ are still squabbling over how to stem the huge illicit capital drain from the continent
Africa loses at least US$50-billion a year in illicit financial flows – mainly dodgy tax practices and false invoicing of imports and exports. But there [read more…]
Ethiopia’s faltering dependence on China: Leading by example?
China’s presence throughout Eastern Africa has become ubiquitous. From sprawling factories to road and rail construction, Chinese investment is often synonymous with infrastructure, aid and [read more…]
Ethiopia Already Is the ‘China of Africa’
Will Ethiopia become “the China of Africa”? The question often comes up in an economic context: Ethiopia’s growth rate is expected to be 8.5 percent [read more…]
African nations are fed up with the West’s hand-me-downs. But it’s tough to keep them out.
KIGALI, Rwanda — When spring cleaning comes around in the United States, dropping well-loved clothes into a donation box can feel like an act of [read more…]
An Ethiopia-backed port is changing power dynamics in the Horn of Africa
When Eritrea gained its independence from Ethiopia in 1993, Ethiopia became landlocked and therefore dependent on its neighbors—especially Djibouti—for access to international markets. This dependency [read more…]
How Befriending African Leaders Backfired on French Billionaire
Vincent Bollore charged in bribery investigation When Vincent Bollore arrived in Cameroon two years ago to meet with Paul Biya, Africa’s second-longest serving head of state, [read more…]
How to ensure Africa’s bold free trade area propels industrialisation
Africa’s industrialisation needs a boost. Implemented correctly, the AfCFTA could provide it. Here’s how. On 21 March, dozens of African countries agreed to establish what [read more…]