Donato Ndongo | In December, the European Parliament condemned the expulsion of Maasai communities from their centuries-old territory. The unprecedented resolution calls for respect for the rights of indigenous peoples, a “non-negotiable prerequisite” for any conservation initiative. The resolution, adopted unanimously, follows repeated reports of the Tanzanian government’s vicious harassment of the Maasai, determined to drive them out of the Serengeti plains, their natural habitat. Greedy Western tourism developers and…
Sacyr’s selling its construction subsidiaries in Angola, Mozambique and Cape Verde is part of firm’s strategy to reduce the risk of building in non-strategic markets and to focus on concessions in its key markets. This activity already accounts for nearly 80% of the group’s EBITDA. According to analysts at Alphavalue, Sacyr, with a capitalization of just around €800 M, has been “the most resilient” company in the concessions’ sector during the confinement thanks to the type of contracs it has signed.
Jeremy Stevens via Caixin | When the Forum on China-Africa Cooperation (FOCAC) was established in 2000 to strengthen China-African economic cooperation and trade, the rest of the world was perhaps bemused. Bilateral trade and investment was minimal and African economic prospects unpromising. Now, just 18 years later, China is Africa’s largest trade partner and bilateral trade and investment ties are growing rapidly.
US President Donald Trump’s alleged remarks questioning why the US should take in immigrants from what he apparently called “shithole countries” — those comprising Africa, along with Haiti and El Salvador — have been met with indignation around the world.
Repsol is doing very well at the moment. And in fact, it has been selected as the best exploration and production company in 2017 by Platts Global Energy Awards. During H1’18 Repsol will present its new 5-year strategic plan. The most interesting part will be the so-called “third leg”, describing the firm’s vision of the future.
New generation of private Chinese manufacturers looks for opportunities on distant continent Africa, generating billions of dollars in economic activity.
The date for the Confederation of African States and monetary union is set for May 2063, when the African Union commemorates the centenary of its foundation as Organisation of African Unity (OAU). Gold Mandela has been chosen as a possible name for the African single currency.
Jarno Lang | Obama is not only a pop-cultural phenomenon, but also a pragmatic leader. His successor will have to deal with a worldwide net of dependencies.
Which countries are poised to become the next high-growth developing markets?Until recently, when people talked about “emerging markets,” they were referring to the BRIC economies: Brazil, Russia, India and China. Undeniably, these countries have changed the face of global business over the past 20 years. Yet lately, the BRICs have been crumbling a bit, sparking many reports about their lackluster performance.
BEIJING | By Zhou Xin | The positive side of Chinese involvement in Africa is well-known, but a lack of shared values means projects are inefficient and lack vision.