25 Apr 2024
African Think Tank

Association For Strategic Culture and Research Foundation

African Think Tank
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Russia and China: Geopolitical Rivals and Competitors in Africa
Interview by Kester Kenn Klomegah
4 August, 2021
Russia’s Association of Economic Cooperation with African States (AECAS) complements Forum on China-Africa Cooperation (FOCAC).
Financing projects in Africa is one of the important keys and, at the same time, the most difficult issue for major Russian companies attempting to expand to Africa, and the financial instruments at their disposal are insufficient according to Anna Belyaeva, Executive Director of the Association of Economic Cooperation with African States.
18 August, 2021
China’s Trade With Africa Reaches Record Highs
A recent report by Economist Corporate Network, supported by Baker McKenzie and Silk Road Associates, BRI Beyond 2020 (Economist report), showed how these strengthening trade links are, in part, a result of favourable financial incentives offered to African jurisdictions by China. According to the Economist report, 33 of the poorest jurisdictions in Africa export 97 per cent of their exports to China with no tariffs and no customs duties.
24 September, 2021
What Do Russia and Nigeria Share in Common?
After Soviet's collapse, Russia has been struggling to find ways of regaining part of its Soviet-era economic influence throughout Africa. Nigeria is high on Russia's agenda for reviving multifaceted business ties, at least to share the market and take up opportunities similar to external players such as the United States, Europe and China.
17 October, 2021
From Trade Gateway to Risk Guarantees: What Russian Businesses Can Offer Africa
Africa today is one of the most attractive markets and promising regions for long-term investment. The continent shows the world's highest consumption growth rates. Russia has recently joined business activities in the region. The first-ever Russia-Africa summit, held in Sochi in 2019, was a powerful impetus for this. The second one is due in 2022. Both sides expect a considerable increase in the number of contracts that will be concluded.
29 October, 2021
China Is the Biggest Winner From Africa’s New Free Trade Bloc
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.
9 November, 2021
Why Russians Are Complaining How to Engage with Africa
In order to raise the economic influence, Russians have been making efforts to identify a structured finance mechanism for mega infrastructure projects such as nuclear power and energy, natural resources exploration and to significantly increase trade with Africa
11 November, 2021
US Investors to Explore Opportunities in AfCFTA
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.
17 November, 2021
Africa Taking Concrete Steps to Write Its Own Economic Success Story
The AfCFTA aspires to connect all the regions of Africa, to deepen economic integration and to boost intra-African trade and investment. It aspires to create a single market for goods and services across 55 countries and our continent, creating a market of as much as 1.3 billion people with a combined GDP of $3.4 trillion.
25 November, 2021
The Global Pandemic Pushing Africa into A Severe Job Crisis
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
Building China-Africa Community With Shared Future
This year marks the 65th anniversary of the start of diplomatic relations between China and African countries. Over the past 65 years, China and Africa have forged unbreakable fraternity in our struggle against imperialism and colonialism, and embarked on a distinct path of cooperation in our journey toward development and revitalization. Together, we have written a splendid chapter of mutual assistance amidst complex changes, and set a shining example for building a new type of international relations.
2 December, 2021
How Effective Communication Can Help Boost Intra-African Trade
The question is, are African countries harnessing this potential offered by the AfCFTA?
27 December, 2021
Africa in Review 2021 (Part III) : Unification is Essential to Progress and Development
Of course, Dr. Nkrumah during the years between 1945-1972, wrote extensively on the necessity of African unification. The union of African governments and people would encompass the national economies, the trade unions, youth, women, military institutions and the establishment of a continental market based in socialist planning.
1 January, 2022
European Union targeting Comprehensive Partnership with Africa
Long before this summit, European Union members and business investors have been making consistent efforts at capitalizing on and exploring several emerging opportunities offered by the newly introduced African Continental Free Trade Area (AfCFTA), which provides a unique and valuable access to an integrated African market of 1.3 billion people. In practical reality, it aims at creating a continental market for goods and services, with free movement of business people and investments in Africa.
13 February, 2022
A Conversation With Ghana’s Vice-President Dr Mahamudu Bawumia
In an exclusive interview with PAV, Dr Bawumia sheds light on progress with key segments of the agenda of President Akufo Addo under his purview, COVID 19, and other seminal developments across the continent.
17 February, 2022
Can Africa Unite?
The AU and the EU, both together and individually, must focus their efforts on the appropriate vehicles for attaining this goal. For its part, the AU will need to establish stronger institutions capable of nurturing economic growth and ensuring that its gains are widely shared. As recent coups in West Africa show, many African countries have a long way to go to establish good governance and thereby provide for their populations.
19 February, 2022
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