Vol 2 (AAC) No 6 | LIBERIACHINA The Bong revival 16th April 2009 New facts about China Union's iron ore deal reveal the failure and high costs of Monrovia's negotiating tactics On closer scrutiny, the agreement between China Union and the Liberian government to resume iron ore production at Bong Mines hugely favours the Chinese company with only a minimal share...
Vol 2 (AAC) No 6 | LIBERIACHINA Deal or no deal 16th April 2009 The Minerals Development Agreement between China Union and the Liberian government, which Africa-Asia Confidential has seen, offers China Union royalty payments and tax exemptions that are far more generous than the...
Vol 2 (AAC) No 6 | NIGERIACHINAINDIASOUTH KOREA From win-win to lose-lose 16th April 2009 Asia's barter deals for Nigerian oil were politically charged and have been economically disastrous Almost all Nigeria's countertrade deals with Asia have been abandoned after investigations by President Umaru Musa Yar'Adua's officials into their viability.
Vol 2 (AAC) No 6 | NIGERIACHINAINDIASOUTH KOREA Abuja's Asian connections 16th April 2009 South Korea: Nigeria is South Korea's third largest trading partner and the largest market in Africa for Korean construction companies. In January 2006, Korean companies were working on 60 projects valued...
Vol 50 No 7 | NIGERIAECONOMY Homemade toxic assets 3rd April 2009 After some stellar years of expansion, the financial sector faces a deepening crisis The uncertainty about the future of Central Bank Governor Charles Chukwuma Soludo reflects the drift in Nigeria’s policy over the past 18 months. Soludu, who was appointed in...
Vol 2 (AAC) No 5 | GHANAVIETNAM Victoria Kwakwa 27th March 2009 World Bank Country Director for Vietnam Ghanaian economist Victoria Kwakwa starts her job as World Bank Country Director for Vietnam in April. It is an important posting, given Vietnam's economic record over the past three...
Vol 50 No 6 | SIERRA LEONE Paying off grudges 20th March 2009 Riots and old resentments bring fighting back to Freetown The worst political violence to hit Sierra Leone since the 2007 election left dozens wounded this week, when supporters of the governing All People’s Congress and the opposition...
Vol 50 No 5 | BURKINA FASO A brutal family business 6th March 2009 President Blaise Compaoré is getting ready for his re-election in November next year, two decades after the murder of Thomas Sankara Western donors think well of Burkinabè President Blaise Compaoré. On 11 February, Carla Bruni-Sarkozy, the wife of the French President, made Ouagadougou her first port of call as...
Vol 50 No 5 | BURKINA FASO Waiting in the wings 6th March 2009 François Compaoré, the President's brother, and a lawyer named Sankara (but no relation) are just some of the applicants queuing for the top job P>After President Blaise Compaoré and Prime Minister Tertius Zongo, Burkina Faso's most senior politician is Roch Marc Christian Kaboré, National Assembly Speaker and Chairman of the National Executive...
Vol 50 No 5 | SIERRA LEONE See you in the court 6th March 2009 Some kind of justice has been done but the Special Court has not set a good precedent for international justice The Special Court for Sierra Leone completed its last trial on 25 February, convicting the three most senior leaders of the reviled Revolutionary United Front (RUF) of a...