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.
Sonangol’s complex relationship with the Presidential office has created a de facto parallel government. Over the years it has operated outwith the traditional remit of a national oil company, exercising undue political and economic influence to the benefit of a select few. However, a combination of low global oil prices and restructuring will likely serve to finally curb its influence.
Under pressure to maintain Ethiopia’s economic growth, the government is keen to attract increased investment in its nascent manufacturing sector. A growing consumer market, a stable economy, and a large and relatively cheap labour pool, is an equation that is bound to attract interest from companies across the globe.
Italian oil company Eni’s most significant natural gas discovery off the coast of Mozambique in 2011 has served to strengthen both economic and commercial relations between the two countries. With both keen to take advantage of the burgeoning relationship, Italian investments in Mozambique are only expected to increase over the coming years.