What are the US's intentions in Africa?
Monday, August 05, 2019
"For too long when investors have knocked on the door, and the Africans opened the door, the only person standing there was the Chinese," Tibor Nagy, the US assistant secretary of state for African Affairs recently told the BBC.
China's trade with the continent has eclipsed America's in the past decade, and in 2018 was more than three times larger.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...