Articles tagged investment Bank
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 >
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 >
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 >
Sub-Saharan Africa’s appalling poverty and living conditions have been exposed repeatedly through television and the Internet. But these agonizing pictures represent only the symptoms of an underlying – and largely unreported – malady: capital flight.
Capital flight stems from myriad causes: debt servicing, the awarding to foreign firms of almost all contracts financed by multilateral lenders More >
It takes a threat to oil supplies to get world leaders to pay attention to Africa . Usually neglected by globetrotting statesmen, the continent recently saw visits from US President George W. Bush, Chinese President Hu Jintao, Brazil ‘s Lula Da Silva, German Chancellor Gerhard Schroeder and many other world leaders. Their public comments were typically devoted to development, ending Africa ‘s More >
NEPAD, the last plan to kick-start Africa’s economic development adopted by the OAU in Lusaka (Zambia) on July, 11, 2001, is articulated around investment in the key sectors of infrastructure, agriculture, health and education. The plan is to be financed by the international community and through private capital flows, mainly from the multinationals. In choosing this way of financing their More >