Governance
Obama: Into Africa

Obama: Into Africa

President Obama is definitely “into” Africa. Unfortunately that has translated into holding the door open for U.S. multinationals to do what outsiders have done for centuries: extract the continent’s wealth.

read more

China in Africa: It’s (Still) the Governance, Stupid

Deep inside the tropical forest of Gabon, 500 miles from the coast, China is going where no other investors dare. A Chinese consortium, led by the China National Machinery and Equipment Import and Export Corporation, has won the contract to develop Gabon’s massive Belinga iron ore deposit. In return for purchasing the entire output, Chinese operators will build not only the extractive infrastructure at Belinga but a hydro-electric dam to power it, a railway to the coast, and a deepwater port north of the capital, Libreville, for exporting the ore.

read more