Articles tagged African Union
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 >
The deepening engagement of China in Africa since the end of the cold war has led to debates about the evolving nature of this relationship. Yet the focus of analysis has largely been More >
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 >
The late President Mobutu Sese Seko of former Zaire once declared that the North African countries, which pride themselves on their Arabic descent, should be excluded from the then Organization of African Unity. Mobutu’s rule was, of course, deeply flawed, but he was not alone within the pan-African movement in such thinking. The antagonism between the blacks of sub-Saharan Africa and the More >
The success that US President George W. Bush and his special envoy, former Secretary of State James Baker, had in getting Iraq’s foreign debts canceled or rescheduled shows what can be done when a policy is backed by political will. The contrast with Africa’s debts could hardly be starker. Just three years ago, Jubilee 2000 made news when civil society groups, rock stars, and a few finance More >
The African Union, which replaced the Organization for African Unity (OAU) in 2002, is trying to reproduce the European Union’s institutions and ways of acting. But copying the EU blueprint means that nothing has been learned from the past and that nothing is being done to avoid the pitfalls Europe has endured.
The biggest flaw in the EU model has been its reliance on a bureaucratic road to More >