Vol 2 (AAC) No 5 | SOUTH KOREAAFRICA Seoul's safety in numbers 27th March 2009 On top of the Madagascar saga, South Korea's loss of oil acreage in Nigeria in February is the biggest of several setbacks for Korean companies in Africa in recent months (AAC...
Vol 2 (AAC) No 5 | CHINAIRELANDAFRICA When Irish eyes are smiling 27th March 2009 Ireland's Tullow, which has quickly outgrown out its minnow status, enters April stronger, having raised US$2 billion in debt financing and energetically dismissing speculation that it would consider selling...
Vol 2 (AAC) No 5 | CONGO-BRAZZAVILLEAFRICAASIA Banking on secrecy 27th March 2009 Finance ministers will come under heavy pressure at the G-20 meeting on 2 April in London to crack down on tax havens and the banking secrecy regimes that...
Vol 2 (AAC) No 5 | AFRICA Shantayanan Devarajan 27th March 2009 Chief Economist, Africa Region, World Bank The effects of the global slowdown on African economies have been generally overlooked. The World Bank has responded with its advocacy of more regional integration and infrastructure development, and a proposal...
Vol 2 (AAC) No 4 | CHINAAFRICABRIEFING Beijing news network 20th February 2009 Beijing is investing 45 billion yuan (US$6.6 bn.) in expanding its Xinhua News Agency and launching a 24-hour English language television news station. The plans envisage more cooperation with African media...
Vol 2 (AAC) No 3 | CHINAAFRICA Another new world order 30th January 2009 Beijing's trade and investment in Africa will continue to grow despite a few credit-crunch casualties Like every other major economy, China is reassessing its priorities, and worrying about unemployment and falling market demand. Beijing's policymakers will therefore concentrate more on domestic economic growth...
Vol 2 (AAC) No 3 | INDIAAFRICA Delhi defies the downturn 30th January 2009 India's ministers predict that trade with Africa will hit US$100 billion, but it will take many more deals and deeper import and export diversification Over the next five years, New Delhi expects India's trade with Africa to reach US$100 billion - despite the global economic slowdown. In an upbeat analysis of relations with Africa,...
Vol 2 (AAC) No 3 | TAIWANAFRICA Africa tests rapprochement 29th January 2009 Taipei's strategy enters a new era as it talks about cooperation with Beijing and ends dollar diplomacy in Africa Taiwan's President Ma Ying-jeou's new diplomatic strategy of rapprochement with China is making waves from the Taiwan Strait to distant African shores. Agreements have been signed between the two sides' semi-official...
Vol 2 (AAC) No 3 | JAPANAFRICA Good intentions meet reality 30th January 2009 Private companies are sceptical about Tokyo's African enthusiasms as the slowdown hits their operations at home Tokyo's promises to double aid to Africa by 2012 are being tested by international financial pressure on Japan's already feeble economy - and by domestic political troubles. Prime Minister Taro Aso...
Vol 2 (AAC) No 3 | JAPANAFRICA State agencies lead the way 30th January 2009 Most of the impetus for Japanese companies in Africa will be coming from state agencies. The Japanese International Cooperation Agency wants to test its newly expanded powers and wider funding base,...