Chinese businesses have invested billions in African countries. In return, they obtain crucial mineral resources. But as China’s economic growth falters, Africa’s commodities producers are in trouble.
In a new book, leading African energy lawyer NJ Ayuk examines how the oil and gas industry could help Africa to peace and prosperity. Some of his assertions are controversial.
Ghana is about to trade 5 percent of its bauxite deposits to China for $15 billion. In a guest commentary by environmental advocate Joshua Amponsem, he questions the motives and long-term impact of such a move.
When India and Pakistan became independent 70 years ago, they were at the same level of development, with both equally poor and wretched. But the economic gap between them is growing.
Venezuela might look bad right now amid protests, scarce food and political turmoil. But analysts warn the worsening debt crisis could greatly exacerbate the dire situation - and possibly force a regime change.
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