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Africa has the means to pull through !

Africa borrows on the open market

5 June 2015 par Sanou Mbaye

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. … [Read more...] about Africa borrows on the open market

Pièce de 5000 fcfa en argent

Liberating Africans from the CFA “franc” trap

8 August 2014 par Sanou Mbaye

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 … [Read more...] about Liberating Africans from the CFA “franc” trap

This illustration is by Paul Lachine

Africa’s French Roadblock

23 May 2013 par Sanou Mbaye

In recent years, China and Africa have formed one of the modern era’s most successful economic and trade partnerships. China benefits from Africa’s oil, minerals, and markets, while Africa benefits from increased trade and investment in infrastructure, health, education, small-scale businesses, and low and medium technologies. Some Western observers – and some Africans – … [Read more...] about Africa’s French Roadblock

Decolonizing the Franc Zone

21 April 2012 par Sanou Mbaye

  DAKAR – France is wrestling with a burden of debts and public deficits that led Standard & Poor’s recently to downgrade its credit rating. Even as the risk of recession looms, the country has been forced to implement a drastic austerity program. But France’s woes are also being felt far beyond its borders, sparking rumors of a possible devaluation of the CFA … [Read more...] about Decolonizing the Franc Zone

Senegal’s Day Of Reckoning : It’s The Economy Stupid !

10 February 2012 par Sanou Mbaye

The Senegalese people are extremely disillusioned. In 2000, they enthusiastically went to the polls to elect Abdoulaye Wade as their president. Wade had campaigned as an agent of change, but change never came to Senegal throughout his decade in power. Now the only change he wants to make is to the constitution, so that he can retain his hold on power. Wade turned out to be … [Read more...] about Senegal’s Day Of Reckoning : It’s The Economy Stupid !

Can Senegal Succeed ?

26 August 2011 par Sanou Mbaye

  DAKAR – Senegal’s people are deeply disenchanted. In 2000, they enthusiastically went to the polls to elect Abdoulaye Wade as their president. Wade had campaigned as an agent of change, but change never came to Senegal throughout his decade in power. Now the only change he wants to make is to the constitution, so that he can retain his hold on … [Read more...] about Can Senegal Succeed ?

Africa : Economic growth and sustainability

18 May 2011 par Sanou Mbaye

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 … [Read more...] about Africa : Economic growth and sustainability

Africa’s Winds of Change Return

27 April 2011 par Sanou Mbaye

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 … [Read more...] about Africa’s Winds of Change Return

QUESTIONS ON THE FUTURE OF CHINA-AFRICA COOPERATION

30 March 2011 par Sanou Mbaye

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 … [Read more...] about QUESTIONS ON THE FUTURE OF CHINA-AFRICA COOPERATION

Regulating China-Africa cooperation imbalances

18 March 2011 par Sanou Mbaye

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 … [Read more...] about Regulating China-Africa cooperation imbalances

China’s African Front

2 February 2011 par Sanou Mbaye

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 … [Read more...] about China’s African Front

Stakeholders in the Côte d’Ivoire crisis

30 January 2011 par Sanou Mbaye

In 2002 Côte d’Ivoire was rocked by a rebel uprising that partitioned the country into two parts, with the government led by President Laurent Gbagbo controlling the south, the rebels the north and the French army camping between the two. As a member of the Security Council, France managed to give this intervention the stamp of international approval under a UN mandate. In … [Read more...] about Stakeholders in the Côte d’Ivoire crisis

Africa’s two-tier economy

12 December 2010 par Sanou Mbaye

The year 2010 will mark the 50th anniversary of independence of most African countries. But is there much to celebrate? Economic situation has been improving in recent years – mostly in Eastern and Southern Africa, where economic integration is proceeding within the Common Market for Eastern and Southern Africa (COMESA) and the Southern Africa Development Community (SADC). … [Read more...] about Africa’s two-tier economy

CURRENCY WAR CLOUDS OVER AFRICA

25 November 2010 par Sanou Mbaye

As a result of chronically deficient demand in the aftermath of the 2008-2009 financial and economic crises, global imbalances are on the rise again, as is the risk of protectionism. The US accuses China of undervaluing its currency to support its industry.  The situation could lead to an “international currency war”.   What does this herald for African countries? If history … [Read more...] about CURRENCY WAR CLOUDS OVER AFRICA

CHINA’S GROWN ENGAGEMENT IN AFRICA WITH SANOU MBAYE

19 November 2010 par Webmaster

Africa Business News, Fri, 19 Nov 2010 A new book published this week examines China's grown engagement in Africa from the perspective of both African and Chinese civil society. ABN’s London Correspondent Carina Kamel speaks with Sanou Mbaye, a Senegalese economist, who is one of the authors of the book. http://vimeo.com/18035200 Related articles The book : [intlink … [Read more...] about CHINA’S GROWN ENGAGEMENT IN AFRICA WITH SANOU MBAYE

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Podcasts (Audio and Video)

Africa’s Linguistic Divide: French vs. English

5 June 2010

Another of our Wednesday rendezvous with Africa... We will be looking at how former British colonies have fared in comparison to their francophone counterparts. Part of our tribute to 50 years of … [Read more...] about Africa’s Linguistic Divide: French vs. English

Africa’s Diaspora to the Rescue

27 January 2010

DAKAR – There is something dismally familiar about the tide of news reports concerning Africa’s increased suffering – more poverty, malnutrition, civil strife, and death – in the face of the recent … [Read more...] about Africa’s Diaspora to the Rescue

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Economy

Currency war : the stakes for Africa

15 November 2010

A weaker exchange rate makes a country’s exports cheaper, potentially boosting a key source of growth for economies battling to find growth, as they emerge from the 2008-2009 credit crunch and … [Read more...] about Currency war : the stakes for Africa

Africa’s Misplaced Monetary Ambitions

27 October 2010

DAKAR – Sub-Saharan African is in the grip of currency-union mania. Regional groups of countries in eastern, southern, and western Africa are all giving priority to the idea of creating a monetary … [Read more...] about Africa’s Misplaced Monetary Ambitions

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Conferences

CHINA-AFRICA COOPERATION – THE STAKES

2 November 2010

China-Africa Civil Society Dialogue : Development Challenges in Africa and the Chinese Development Experience Beijing, P.R. China, October 18th -19th , 2010 For most of the past five decades African … [Read more...] about CHINA-AFRICA COOPERATION – THE STAKES

CHINA – AFRICA : Matching China’s activities with Africa’s needs

22 April 2008

The Heinrich Böll Foundation (HBF) Regional Office for East & Horn of Africa, Nairobi, and Fahamu Kenya brought together Chinese experts on Africa and representatives of African civil society … [Read more...] about CHINA – AFRICA : Matching China’s activities with Africa’s needs

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Books

Chinese and African Perspectives on China in Africa

18 November 2010

This new book in the Pambazuka Press 'China and Africa' series explores China's deepening engagement in Africa from the rarely heeded perspectives of African and Chinese civil society … [Read more...] about Chinese and African Perspectives on China in Africa

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