Africa Headlines International

China’s PLA navy increases African port calls in bid to cement Beijing’s diplomatic ties

China’s 45th naval fleet has in recent weeks visited Tanzania, Mozambique and Madagascar in what experts say is Beijing’s show of force designed to help cement the Asian powerhouse’s diplomatic ties in Africa. After the People’s Liberation Army’s (PLA) Navy stopped many of its African port visits during the Covid-19 pandemic, it has now begun […]

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Chinese oil firm loans Niger $400 million

China National Petroleum Corporation (CNPC) agreed to offer a loan of 400 million dollars to the Niger government, which is struggling with the impact of sanctions. The loan is seen as one of the first steps to wean financial dependence on the West, with whom the military rulers are increasingly at odds, going as far […]

Africa Business Emerging Markets International Lifestyle Technology

China and African nations urged to work with UN to set up AI governing institution

Amid intense competition with the United States to dominate Artificial Intelligence (AI), China has recently hosted a forum attended by a number of African countries designed to deepen a collaboration in the field of AI governance. Hosted by Cyberspace Administration of China, the country’s internet watchdog, the China-Africa Internet Development and Cooperation Forum urged Beijing […]

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ECOWAS risks losing US$1bn in investments due to withdrawal of its three coup-hit members

Trade between Nigeria and neighboring Niger has bounced back since the West African bloc ECOWAS lifted sanctions on the latter coup-hit country, just as the president of the ECOWAS Commission admits Niger, Mali, Burkina Faso’s withdrawal will cost the regional bloc as much as US$1 billion. In January 2024, the three countries led by military […]

Business Emerging Markets Energy Headlines

EU’s Critical Raw Materials Act aimed at breaking China’s grip on Africa — study

The European Union’s recently agreed-upon Critical Raw Materials Act (CRMA) does not target China but is aimed “simply [at] diversifying sources of supply,” a senior EU official has said, just as a recent study highlighted the bloc’s continuing efforts to close deals with resource-rich African nations to reduce its dependence on China for critical raw […]

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Africa at the heart of India’s quest for superpower status — experts

In this era of geopolitical competition and realignment, India recognizes Africa as a key component in its pursuit of superpower status and the continent is thus becoming a crucial player in New Delhi’s ambitious quest for global economic dominance. India’s multifaceted relationship with African countries is set for a fundamental transformation, as the continent is […]

Africa Asia Headlines International

China seeks military base in Africa as West loses ground- Think Tank

China is reportedly seeking a new military base in Africa, building on growing anti-western sentiment as it seeks to strengthen its foothold in a continent that is increasingly coveted, the London-based Chatham House Think tank wrote. “For over three decades, every Chinese foreign minister’s first overseas trip of the year has been to Africa. This […]

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Number of Chinese workers across Africa drops by over 60% over past decade — report

The number of Chinese workers across Africa has plummeted to its lowest level in more than a decade, according to data from China’s National Bureau of Statistics, with experts saying the continent is unlikely to see the high numbers of the past even though postponed China-run projects are now being restarted. After decades when Africa […]

Business Emerging Markets Energy

US ramps up efforts to access Africa’s critical minerals to counter China’s dominance

Africa will play a “huge role” in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South Africa to express his country’s ambitions of securing metals needed for the global energy transition. Africa’s natural richness, which includes many so-called critical minerals, such as chromium, cobalt, copper, gold, […]

Asia Business Emerging Markets Headlines International Morocco

Morocco-China trade poised to further grow

Trade between Morocco and China grew by 50% from 2021 to 2022 as China becomes Morocco’s first trading partner in Asia. Mehdi Laraki, head of Morocco-China business council, told le360 that Chinese investments in Morocco totaled 56 million dollars in 2022 in vital fields such as industry, transport, real estate, and energy. There has been […]