Chinese Assistant Foreign Minister Chen Xiaodong & Moroccan FM Nasser Bourita

BRICS-issued new currency may pave way for de-dollarization

As the 15th edition of the BRICS summit approaches, two topics are high on the grouping’s agenda: its expansion, with the arrival of several African countries in particular; and the development of a new currency to be used for cross-border trade by the BRICS nations, which may be seen a push for de-dollarization. De-dollarization’s moment […]

African trade ministers to meet over U.S. tariff concerns as they hit the continent’s exports hard

Trade ministers from across Africa will gather on 14 April to discuss the implications of the new 10% tariff imposed by the United States on imports from several African nations. The tariffs, announced by president Donald Trump, are expected to severely impact African exporters, especially those reliant on the African Growth and Opportunity Act (AGOA), […]

China’s Presence in North Africa: A Win-Win Relationship?

In 2010, Chinese foreign direct investment (FDI) accounted for approximately 68 billion USD, as compared to 2001, when China invested only 911 million USD overseas. The rapid increase in FDI between 2001 and 2010 was also facilitated by China’s ‘going global policy’ of 2002 that promoted competition for the share in global markets and natural […]