Over the past few years, Russian authorities have in their speeches expressed anti-colonial sentiments and openly declared unflinching support for fighting against what they referred to as neocolonial tendencies in Africa. Russia is particularly against France in French-speaking African countries in West Africa including the entire Sahel and Central African Republic.
Apart from flagging the threats of China’s model of engagement with developing countries, the US and other countries have not been able to provide any tangible alternatives (US has sought to further increase its outreach vis-à-vis Africa in recent years, and it seeks to increase economic engagement under the umbrella of the Indo-Pacific.
Russia has to upgrade or scale up its collaborative engagement with Africa. It has to consider seriously launching more public outreach programmes, especially working with civil society to change public perceptions and the private sector to strengthen its partnership with Africa. In order to achieve this, it has to surmount the challenges, take up the courage and work consistently with both private and public sectors and with an effective Action Plan.
We welcome the African Continental Free Trade Area, because we want to see Africa’s economic power in the world grow. More consumers should gain access to African goods and services. More jobs must be created for Africa’s young people – the global workforce of the future.
As Africa’s economies and middle class continue to grow, there is a tremendous market for American consumer goods. Consumer and business spending in Africa is expected to top $6.6 trillion by 2030, up from $4 trillion in 2015. Again, not only China, but also nations in every other region of the world, are looking to fill the continent’s need for consumer goods.
United States investors are looking forward to exploring several opportunities in the African Continental Free Trade Area (AfCFTA), a policy signed by African countries to make the continent a single market.
Judge Margaret Victor overturned a decision by South Africa’s Justice Minister Ronald Lamola in August this year to send Chang to Mozambique to face similar charges in the US$2 billion ‘hidden debts’ scandal.
When the African Continental Free Trade Area (AfCFTA) was initially proposed at the African Union summit in 2012, it had two goals: First, build a pan-African agenda in trade and cooperation. Second, lift a large percentage of people out of poverty by instituting structural economic changes and cooperative legislation.
Throughout the world, there is a growing demand for female leadership. Research has shown that companies with women on their boards of directors enjoy better results.
Some argue that the best way to fight neocolonialism is to invest in order to jostle for economic influence. Nevertheless, Russia has sought to convince Africans over the past years of the likely dangers of neocolonial tendencies perpetrated by the former colonial countries and the scramble for resources on the continent.
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