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.
Conflict over CAR's mineral resources could also intensify amid fears that the government may compensate Wagner or associated companies by handing them control of mining zones. Wagner arrived in 2018, around the same time that the government granted gold and diamond mining licences to the Russian-owned company Lobaye Invest SARLU.
48. After a trip to Cuba in 2001, Arthur Schlesinger Jr., a historian and special advisor to President Kennedy, raised the question of the cult of personality: “Fidel Castro does not encourage the cult of personality. In Havana it is difficult to find a poster or even a post card with a photo of Castro on it. The icon of Fidel’s revolution, visible everywhere, is Che Guevara”.
Africa is experiencing a flowing tide of solidarity and self-strengthening, and the continent’s influence in international affairs continues to grow. It is now forging ahead with the development of free trade zones, accelerating industrialization and modernization, and heading towards the bright future envisioned in the AU’s Agenda 2063.
China holds 17.7% of the world’s total wealth, the second largest share held by any country. It has the world’s largest banking sector, with assets of $40 trillion and the world’s top 4 largest banks all being in China. In 2019, China overtook the US as the home to the highest number of rich people in the world, according to the global wealth report by Credit Suisse. It has the highest number of rich people in the world’s top 10% of wealth since 2019. There were 658 Chinese billionaires and 3.5 million millionaires.
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.
Somalia this week elected two Members of the Lower House of Parliament in polls delayed by a year, mainly by political infighting. That means it still has to elect 273 more seats by 24 December, and those elected MPs must in turn vote for a president for the ‘democratic’ transfer of power to be complete.
In August 2020, Russia was the first country to announce the development of a COVID-19 vaccine. Since then, a relentless publicity blitz has promoted the attributes of the Sputnik V vaccine. However, Sputnik V has struggled to gain mass acceptance inside Russia, let alone in other countries where it is marketed as an alternative to vaccines developed by Western and Chinese pharmaceutical firms.
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.
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