Vol 50 No 18 | FRANCEAFRICA Remaking an old relationship 11th September 2009 Paris tries out new policies on aid and trade in a bid to confront the growing power and influence of Asian economies France hopes to diversify its trade with Africa and also to hold on to its traditional influence in its former African empire. This tricky balance is reflected in...
Vol 50 No 18 | FRANCEAFRICA The flag follows the trade 11th September 2009 France's giant power and construction companies have vast economic interests in Africa Bouygues: Went to Africa in the 1960s; by 2008, Africa operations had a turnover of over 1.6 billion euros (US$2.3 bn.), led by infrastructure subsidiary Colas (E707 million)...
Vol 50 No 14 | UNITED STATESAFRICA Barack Obama launches his agenda in Ghana 10th July 2009 The African audience hopes that President Obama's declared Africa policy will be both distinctive and practicable As in so many areas the expectations are that President Barack Obama's Africa policy will be a break with the past. In some respects, the President's decision to...
Vol 50 No 14 | UNITED STATESAFRICA Washington's Africa team takes shape 10th July 2009 After years of marginalisation and under-staffing, the African Affairs bureau of the State Department is beginning to attract strong interest from the other regional bureaux. The first key...
Vol 50 No 12 | AFRICAOIL TRADING How to win in a recession 12th June 2009 The trading of oil and other commodities is far more lucrative and resistant to demands for scrutiny than the beleaguered banking sector The world of oil trading is as remarkable for its profits as for its opacity, some of its largest businesses having an annual turnover of several hundred billion...
Vol 50 No 12 | AFRICAOIL TRADING Inside the four big oil traders 12th June 2009 The oil trading companies, their owners and areas of operation Glencore: The company does not name its chief executive. The firm began in 1994 when the United States’ commodities trader Marc Rich (who secured a pardon for tax...
Vol 50 No 12 | UNITED STATESAFRICA Hanging tough 12th June 2009 African governments sense a new toughness in Washington’s Africa policy, a month before President Barack Obama’s state visit to Ghana on 10-11 July, officials have told Africa...
Vol 50 No 10 | FRANCEAFRICA Franc Afrique 15th May 2009 Three important African allies of French President Nicolas Sarkozy could find their French assets under scrutiny after Juge d'Instruction Françoise Desset ruled on 6 May that an anti-corruption...
Vol 50 No 8 | ECONOMYAFRICA The bust and after 17th April 2009 Finance ministers and central bank governors are holding an African summit in Washington next week to map a way out of the crisis As the international financial crisis intensified last year, some African governments thought they could avoid the worst by strengthening their trade and investment ties with Asia. Denial has...
Vol 50 No 8 | ECONOMYAFRICA And the good news 17th April 2009 Amid the gloom lie some positives. African economies now have on average 5.7 months of reserves to cover imports, policy frameworks are sounder, government ministries are better staffed....