Via Bloomberg, a look at the projected impact of climate change on Africa: Some countries are spending 9% of their GDP fighting extremes Adaptation will cost $30 billion to $50 billion yearly Climate change is causing weather extremes that have been costly for African economies, according to a report. Countries on the continent are losing […]
Read more »Via The Africa Report, a report on Zambia’s plans for a new critical minerals state company: Experts fear Zambia and Tanzania may scare off foreign investors by increasing state influence over critical minerals. Plans by Zambia to set up a new state-run company to control part of the country’s critical minerals production are raising concern among industry […]
Read more »Via the Pan African Review, critical commentary on the Lobito Corridor: “This is a project that will showcase the American model of development.” These were the words of US ambassador to Angola, Tulinabo Mushingi, when he spoke to the Financial Times on the subject of a new $10bn US-funded rail investment in the country. At a time […]
Read more »Via African Business, commentary that – with US$40 billion in investment committed last year – Zambia is back in business: Three years ago this month, thousands of Zambians flocked into Lusaka’s National Heroes Stadium to celebrate the inauguration of President Hakainde Hichilema, whose landslide election victory had been built on the promise of growing the […]
Read more »Via Bloomberg, an article on China’s agreement to revamp a railway linking Zambia with Tanzania: Line links copper-rich Zambia with Tanzania’s main ocean port China’s move follows US support for rail link going to Angola China signed an agreement Wednesday to revamp a railway that will help landlocked Zambia, Africa’s second-largest copper producer, export the […]
Read more »Via The Conversation, a report on how China’s interests in Africa are being shaped by the race for renewable energy: The global climate crisis has created a push for renewable energy technology – like solar or wind power – which would lessen reliance on polluting energy sources. China saw some years ago it had a […]
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