Articles tagged African Development Bank

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Africa borrows on the open market

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The decades when the continent couldn’t raise major funds on ordinary commercial markets are over, but there are still worries about over-indebtedness.

by Sanou Mbaye

The nations of sub-Saharan Africa, in the post-independence euphoria of the 1960s, wanted to end the international division of labour under which they exported raw materials and imported manufactured goods. They diversified their More >

Pièce de 5000 fcfa en argent

Liberating Africans from the CFA “franc” trap

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Nowadays, African countries are wooed because they are perceived as the spearheads of the world economy. The Economist, the English weekly newspaper, predicts that in the next five years, seven out of ten fastest growing economies in the world will be in Africa: Ethiopia (8.1 per cent), Mozambique (7.7 per cent), Tanzania (7.2 per cent), Congo (7.0 per cent), Ghana (7.0 per cent), Zambia (6.9 More >

Africa Economic growth

Africa : Economic growth and sustainability

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Humboldt University Economic Forum

Berlin, 11 May 2011

I. INTRODUCTION

After four decades of sluggish economic activities, improved macroeconomic conditions, better business climate, political and currency stability, and a burgeoning middle class have triggered economic growth in many African countries. Telecom, banking, and retail are flourishing. Construction is booming. Foreign investment is More >

Africa's Winds of Change

Africa’s Winds of Change Return

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DAKAR – How did Ivory Coast come to this? After gaining independence from France in 1960 with Felix Houphouet-Boigny as President, the country became the world’s largest exporter of cocoa beans and a significant exporter of coffee and palm oil. Throughout the 1960’s and 1970’s, sizeable export earnings, combined with easy access to credit, fueled an economic surge dubbed the “Ivorian miracle.” More >

Chinese investment in Africa

QUESTIONS ON THE FUTURE OF CHINA-AFRICA COOPERATION

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China’s burgeoning relationship with Africa is being decried in some quarters, including western observers – and some Africans, too – as a new form of colonialism. Such criticism is largely misplaced. First, after having preached the globalisation tenet of economic liberalisation and free competition, the West cannot really grumble about being outbid by China in the race for natural resources in More >

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Regulating China-Africa cooperation imbalances

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Oxford University China-Africa Network

The Oxford University China-Africa Network (OUCAN) with the support of the Economic & Social Research Council (ESRC) present

The Conference on “Chinese Investment and African Agency”

hosted by the Department of Politics and International Relations, University of Oxford 11-12 March 2011

Regulating China-Africa cooperation imbalances

By Sanou MBAYE 1

The More >

Le front africain de la Chine

China’s African Front

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DAKAR – China’s sacred text is not a holy book like the Torah, the Bible, or the Koran. Instead, it is The Art of War by Sun-Tzu. Sun’s core belief is that the “ultimate excellence lies not in winning every battle but in defeating the enemy without ever fighting.”

So it is no surprise that cunning and deception form an essential part of Chinese diplomatic and corporate culture. Indeed, down More >

West africa Puzzle

PROJECT PROPOSAL : CREATION OF THE AFRICAN DIASPORA INVESTMENT BANK (ADIB)

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The promoter of the African Diaspora Investment Bank (ADIB) is the London-based Senegalese banker Sanou Mbaye, a former member of the senior management team of the African Development Bank, and the author of “L’Afrique au secours de l’Afrique” (Africa to the Rescue of Africa).

African migrant remittances to their country of origin is such an important source of finance that they are at the centre More >

Bourse de Chicago

BOOM OF RAW MATERIALS

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Two major events combined to drive oil and raw material prices at new height. First, financial turmoil linked to the subprime credit crisis, growing risk of inflation, a weak US economy and a falling dollar have made attractive oil and precious metals such as gold and platinum as safe sheltering values for investors and speculators as well. Increased demand for raw materials from Asia, especially More >

la chine en afrique

China’s Grand Africa Strategy

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Ever since the Berlin conference of 1883, which Belgium’s King Leopold II called “the sharing of Africa’s cake,” the West has assumed exclusive rights over sub-Saharan Africa. But, while centuries of struggle to end colonial rule and apartheid have not changed this much, now Western influence is being challenged by China, which likewise covets Africa’s rich reserves of minerals and More >

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