With Chinese yuan and Indian rupees increasingly finding their way into Africa’s economies, Western powers are worried that they are losing influence in the resource-rich continent, according to analysts.
Tag: african goods and services
Africa: Trading With the Enemy
The African Growth and Opportunity Act (AGOA) masquerades as a boost for Africa’s development, but the reality is that it’s nothing less that a new scramble for Africa, writes Jason Hickel.
Business in Africa: It’s Boom Time if You Can Dance
There is much more happening in Africa than what you see on TV. There is a reason the world’s big businesses are paying closer attention to the continent known for its challenges like poverty, disease, gang rape and high maternal and infant mortality. Some of the portrayals are real. Last week, former President of Nigeria, Olusegun… Continue reading Business in Africa: It’s Boom Time if You Can Dance
Multi-National Corporations play it ‘dirty’ in Africa
Corruption is a worldwide problem. For convenience sake, it has been widely associated with developing countries for the most part. It would be dishonest on my part to defend the developing world against charges of corruption. But the story is never complete when we only call the developing country like Ghana or Nigeria corrupt. That… Continue reading Multi-National Corporations play it ‘dirty’ in Africa
Lobbying for Africa
Just as Hispanic politicians have realized, we hope that western politicians, community leaders, students, musicians, and pastors with African root will accept, one day, that our destinies are tied together.
Modern day slavery in America
West African Girls Now Free CNN Amber Lyin talks to 2 girls brought to the the US and forced to work in hair salons. [youtube]_tQDYvPrE6k[/youtube] New Jersey — They arrived in the United States from West Africa, young girls held against their will and forced to work for hours on end. But this time, it… Continue reading Modern day slavery in America
Turkish PM: Africa needs trade more than aid
In his address to EU-Africa summit held Monday in Libya, Turkish Prime Minister Recep Tayyip Erdogan said that African countries need trade, investment, technical and scientific cooperation more than assistance. Erdogan is the guest of honor at the summit meeting. We find this encouraging because last week we presented an article proposing a shift from the AID… Continue reading Turkish PM: Africa needs trade more than aid
South of the Sahara: Boom times, at least in parts
Pratibha Thaker: regional director, Africa, Economist Intelligence Unit Sub-Saharan Africa will be one of the fastest-growing regions of the world in 2011, thanks to surging demand both from abroad (from China and India in particular) and at home (fuelled by urbanisation and consumerism). As a result, investors will find it increasingly difficult to ignore the… Continue reading South of the Sahara: Boom times, at least in parts