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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 […]

COVID-19: Containment costs Africa $65.7 billion a month

The containment imposed to limit the spread of COVID-19 costs Africa 2.5% of its GDP, equivalent to $65.7 billion per month, the Economic Commission for Africa (ECA) revealed in a report. Private companies approached by the authors of the report say they are working at only 43% of their potential. These estimates do not take […]

US envoy to Libya warns against attempts to forcibly remove the governor of the Central bank

Libya may lose access to global financial markets if attempts are made to unseat the leadership of the Central Bank of Libya (CBL) by coercion, warned US Special Envoy to Libya Richard Norland. In a post on the “X” account of the US embassy, Norland also stated that disagreements on the allocation of Libya’s riches […]