Courtesy of Semafor, a look at why consumer goods multinationals are fleeing Nigeria Multinational companies are cutting back their presence in Nigeria or pulling out altogether as currency problems hamper their operations and hurt consumers. Procter & Gamble, an Ohio-based consumer goods giant, last week became the latest big company to scale down its operations. […]
Read more »Courtesy of Reuters, a report on discussions between China and Vietnam about a new rail link through a rare earths heartland: China’s foreign minister visits Hanoi amid plans for Xi’s trip Upgraded rail link may be part of Belt Road China is top investor in Vietnam despite maritime tensions China and Vietnam are working on […]
Read more »Via Business Insider, an article on how Guyana’s economic growth estimates of 25%-30% a year are ‘very conservative’ amid oil production boom, President Ali says: Estimates that Guyana’s economy will grow between 25% to 30% are “very conservative,” Guyana’s president said. Oil production continues to boom, heading towards of 1.2 million barrels a day. “There […]
Read more »Courtesy of Bloomberg, a report on Ethiopia’s risk of default: Ethiopia, for a while considered one of Africa’s hottest investment destinations, looks set to renege on its debts. After last-ditch restructuring talks with a committee that represents holders of its $1 billion dollar bonds fell through, the government said it wasn’t in a position to […]
Read more »Via Nikkei Asia, a report on how the U.S.-China rivalry hits home in the Philippines, specifically Cagayan where both sides make moves to bring both growth and security: This spring, after 47 years as a local politician, Manuel Mamba for the first time found himself at the center of a national firestorm. Mamba is governor […]
Read more »Via WorldCrunch, a report on how – since the West has largely abandoned the fight against terror in the region – Russia’s hour in Africa seems to have come: On our way to meet the man singing Russia’s praises in Niger, a street seller knocks on the car window. He is holding a bunch of […]
Read more »