Browsing: Scramble for Africa

China-Africa trade grip

Beijing tightens China-Africa grip as trade rivals US, Russia seek bigger slice

Countries
  • For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week.
  • According to the Ministry of Commerce of the People's Republic of China, the forum is expected to spread across the continent, with different countries hosting it in the coming years.
  • The Asian country is keen to continue its influence and trade dominance on the African continent.

China has launched a charm offensive on Africa in renewed efforts to tighten its grip on the continent. The West has recently shown growing interest in political and investment corporations, and China is seen as keen to continue its influence on the continent.

For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week. According to the Ministry of Commerce of the People's Republic of China, it is expected to go around the continent, with…

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US-Africa trade relations

What does the US see in Africa in 2024

Business
  • Continuing from the discussion of evolving US-Africa trade relations, a key aspect of this dynamic is the strategic objective of countering Chinese influence on the continent.
  • By 2024, Africa is poised to undergo a significant shift in geopolitical and economic dynamics, emerging as a crucial arena for global powers such as China and the US.
  • The evolving focus on Africa is driven by its transforming economic landscape, marked by rapid growth, a youthful population, and abundant resources, attracting attention from major players seeking strategic advantages.

By 2024, Africa will have witnessed the beginning of a new age in the geopolitical and economic dynamics of the world. In recent years, the continent has shifted its focus from humanitarian issues and developmental assistance to becoming an important strategic arena for the world’s leading powers, particularly China and the US. Several elements are coming together to highlight Africa’s growing importance internationally, driving this …

Russia-Africa ties

Russia’s charm-offensive for ties with Africa continues

Countries
  • In recent years, Moscow has focused on building new Russia-Africa ties.
  • Russia is interested in searching for new economic markets and geopolitical influence in Africa.
  • Russia’s trade with African economies stood at only $18 billion in 2022.

In recent years, Moscow has focused on building new Russia-Africa ties. Russia is invigorating alliances developed during the Cold War when the former Soviet Union supported socialist movements across Africa.

Following the Soviet Union’s collapse in 1991, Moscow largely withdrew from the continent. However, since at least 2007, Russia has refocused its involvement and influence in Africa.

Over the years, Russia has contracted with over 30 African countries to provide military equipment and armaments. Businesses, including state-backed commercial interests, have invested significantly in technology security sectors and industries that extract natural resources, including oil, gas, gold, and other minerals.

“Russia is clearly interested, in search of new economic markets and geopolitical influence in …