Via The Diplomat, an article on China’s new push in the island nation, focused on energy and digital development: After the Forum on China-Africa Cooperation (FOCAC) summit in Beijing last week, China has announced a $28 million donation to Cabo Verde, the African island country 570 kilometers (350 mi) off the western coast of the African […]
Read more »Via The Africa Report, a look at AngloGold Ashanti’s ambitions in Côte d’Ivoire: South Africa’s AngloGold Ashanti is preparing to gain a foothold in Egypt and Côte d’Ivoire after signing a $2.5bn deal with Centamin. Consolidation in the global gold mining sector continues apace. After Randgold’s acquisition of Barrick Gold in 2019, Endeavour Mining’s acquisition of Semafo and Teranga Gold between […]
Read more »Courtesy of Semafor, an article on China’s growing efforts to woo, Eswatini, Taiwan’s last African ally: China is building up its business and economic interests in Eswatini in a sign that Taiwan’s last African ally is gradually pivoting towards Beijing. The southern African country was the only one of Africa’s 54 countries that declined to […]
Read more »Via the Center for Strategic and International Studies, a report on Moldova’s gas future: Until 2022, Moldova received all its gas from Russia and the vast majority of its electricity from a power plant in Moldova’s breakaway Transnistria region, which is still entirely supplied by Russian gas. This arrangement gave Russia an annual opportunity to seek Moldovan concessions or […]
Read more »Via The Diplomat, a report on the strength of Indonesia’s retail market, which is not as weak as Ace Hardware’s recent move might suggest: It was recently announced that Ace Hardware, the American-based international retail chain, is set to exit the Indonesian market at the end of 2024. As noted by Indonesian news outlet Tempo, this […]
Read more »Via The Diplomat, commentary on how – despite criticism and skepticism – China seems to be Africa’s last hope, if not its best bet: The Forum on China-Africa Cooperation (FOCAC) summit was held in Beijing from September 4 to 6. During the summit, Chinese President Xi Jinping told delegates from more than 50 African states that Beijing was ready […]
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