Egyptian foreign ministry officials interviewed for this paper describe the last decade of Egypt’s regional positioning as “defensive” in nature as the country contended with domestic issues.
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”.
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.
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.”
Libyan stability matters. Over the past decade, a stream of mercenaries, terrorists and weaponry flooding out of Libya’s southern borders have fueled a plethora of conflicts throughout sub-Saharan Africa. Meanwhile, hundreds of thousands of migrants and refugees have taken advantage of the chaos in a bid to cross the Mediterranean and enter Europe. Libya has, furthermore, mutated into a proxy conflict for a spectrum of international players.
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.
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.
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.
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