Courtesy of Energy Daily, a report that China and Kenya are discussing a huge project to develop a port on the Kenyan coast and a corridor creating a new export route for China’s oil in Sudan’s secessionist south. As the article notes: Most of Sudan’s oil is in the south — which has a semi-autonomous […]
Read more »Via Energy Daily, an update on China’s energy “shopping spree” in Africa. As the article notes: China’s oil companies, buoyed by the country’s foreign exchange reserves that now top $2 trillion for the first time, are on another buying spree in Africa, further challenging the century-long domination of the continent’s mineral wealth by Europe’s great […]
Read more »Via The Financial Times, several interesting articles about investment in southern Sudan. The first deals with a US businessman backed by former CIA and state department officials says he has secured a vast tract of fertile land in south Sudan from the family of a notorious warlord, in post-colonial Africa’s biggest private land deal. The […]
Read more »Two recent reports on Gulf Arab telecom operators continuing their expansionist trends out of their home markets, where most have been riding a wave of economic growth spurred by a five-fold increase in oil prices since 2002. First, an article detailing Saudi Telecom’s – the largest Arab telecom firm by market value – $2.6 billion […]
Read more »Martin Walker offers an interesting look at the emergence of a new hub of international commerce around the India Ocean which he has dubbed CHIMEA (China, India, the Middle East and Africa) in which Arab capital and energy — along with Indian & Chinese skills, investments and markets — are combining to present Africa with […]
Read more »Via Stratfor (subscription required), an interesting analysis of the second India-Brazil-South Africa (IBSA) summit held on Oct. 15-17, most notably IBSA’s influence in Africa and its potential role in the growing competition between India and China for Africa’s oil: “…India, Brazil and South Africa lack Western countries’ and China’s capital and investment capabilities and will […]
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