Under the guise of corporate social responsibility (CSR), Africa’s richest man, Aliko Dangote, has begun using his cement company to rehabilitate some of Nigeria’s federal roads using concrete. One of the most high-profile of these projects centres on a large section of the road network around Lagos’s ports. But while ostensibly a philanthropic endeavour, it is undoubtable that Dangote himself serves to profit from this scheme.
Although the majority of trade in Africa is by sea, the continent’s ports are performing far below their potential in terms of efficiency. To rectify this imbalance, there is an ongoing trend towards increased private sector participation, and the transition from the public service port to a landlord port model.
Over the next weeks Shadow Governance Intel will be releasing analysis that looking at China’s evolving interests in Africa. This will culminate in the release of a Report (available in the Store) that explores China’s burgeoning relationship with the Continent. The report, available in early October, details China’s key commercial actors in Africa, highlighting the trajectory of the main trends in this complex relationship.
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The peaceful transition of power in 2016 cemented Ghana’s reputation as one of Africa’s most stable democracies. Will this proven democratic stability be enough to attract badly-needed investment, or will looming corruption concerns and unreliable power supplies be the country’s unravelling?
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By placing increasing strategic importance in Djibouti, Beijing can turn the country into a major trade hub and a gateway to African economies. Although the construction of China’s Djibouti naval base has been perceived as a security threat to the ‘West’, it brings good news for global investors.
The newly established Somali-Turkish relations is providing Erdoğan and his inner circle with a source of lucrative returns, which could soon be increased.
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Although DRC has potential investment opportunities; its prospects are hindered by a myriad of issues such as political instability, corruption and inadequate infrastructure.