The United States and China both have skin in the APEC game. The setting in which they must deal is multilateral, and their dealings are on full display to all other 19 members. APEC is not a negotiating forum that delivers formal inter-state agreements or has legal supra-national authority. It gives equal voice to, and requires consensus among, all its members, large, small and middling. It is no accident that the Biden-Xi summit follows hard on the heels of APEC.
2 December, 2021
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.
30 November, 2021
American administrations, have consistently backed the TPLF, who established close connections with the US government during their 27 years in power (1991-2018), contacts that they are making full use of now.
30 November, 2021
COP27 is to be held in the Red Sea resort of Sharm El-Sheikh on the south-eastern edge of the Sinai peninsula. Egypt’s president, Abdel Fattah al-Sisi, in making his bid to host it, said that Egypt would work to make it “a radical turning point in international climate efforts in coordination with all parties, for the benefit of Africa and the entire world.”
30 November, 2021
The economic principles have to be pursued and demanded with the same energy as the political ones. Fundamentally, it is the responsibility of the state, controlled by democratic institutions and an active civil society, to ensure that economic growth actually translates into employment creation.
28 November, 2021
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.
28 November, 2021
The costs of a possible war between Russia and Ukraine far outweigh the benefits. The war is fraught with significant risks to the economy, political stability and Russian foreign policy. It fails to solve key security problems, while it creates many new ones.
26 November, 2021
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.
25 November, 2021
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.
24 November, 2021
These new tactics and strategies could leverage efforts toward dismantling the precarious power structure comprising military rule. This factor likely explains the crackdown on Saturday, as security forces sought to prevent demonstrators from mobilizing and disseminating demands across various platforms.
24 November, 2021
