The current crisis, however, has dictated a more central role for African governments in regulating their economies, preventing capital flight, and creative taxation, so that Africa's resources benefit her people. Africa's focus must be on creating decent jobs by supporting small- and medium-sized enterprises that add productive value to Africa's vast natural resources.
Institute for Policy Studies: Africa and the Economic Crisis - 0 views
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The current crisis, however, has dictated a more central role for African governments in regulating their economies, preventing capital flight, and creative taxation, so that Africa's resources benefit her people. Africa's focus must be on creating decent jobs by supporting small- and medium-sized enterprises that add productive value to Africa's vast natural resources.
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The current crisis, however, has dictated a more central role for African governments in regulating their economies, preventing capital flight, and creative taxation, so that Africa's resources benefit her people. Africa's focus must be on creating decent jobs by supporting small- and medium-sized enterprises that add productive value to Africa's vast natural resources.
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Pambazuka - Sudan and oil politics: A nation split by oil - 0 views
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Before we could settle to savour the change expected from the split, things took a different turn. The war drums sounded, and bullets began to fly. Streams of refugees flooded through our village and soon enough, we were on the move. I still recall seeing starving kids, rotting corpses by the roadside, and I can hear the screams of young ladies who were captured and forcibly married by rampaging troops.
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As aptly captured by a Sudanese academic in a recent Oilwatch Africa meeting, "Sudanese oil has been developed against the background of war, international sanctions, and political isolation. It has been developed at a time of imposing demand by emerging economies like India and China and a time of unprecedented soaring prices of both food and oil and the controversial use of agricultural crops as a source of bio-energy."
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The reality is that with the available infrastructure, the South cannot export its oil except through the North. In addition, as the date of possible separation drew nearer, new oil blocks that transverse northern and southern areas were being allocated.
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British banks complicit in Nigerian corruption, court documents reveal | Global Witness - 0 views
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British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious questions about their commitment to tackling financial crime, warned Global Witness in a report published today. By taking money from corrupt Nigerian governors between 1999 and 2005, Barclays, NatWest, RBS, HSBC and UBS helped to fuel corruption and entrench poverty in Nigeria.
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What is so extraordinary about this story is that nearly all of these of these banks had previously fallen foul of the UK banking regulator, the Financial Services Authority (FSA), in 2001 by reportedly helping the former Nigerian dictator Sani Abacha funnel nearly a billion pounds through the UK. These banks were supposed to have tightened up their systems but as this report now shows, a few years later, they were accepting corrupt Nigerian money again.
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"Banks are quick to penalise ordinary customers for minor infractions but seem to be less concerned about dirty money passing through their accounts,"
Quiet legacies and long shadows: the Obama era of counterterrorism in the Sahel-Sahara ... - 0 views
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President Obama has been widely criticised for the late timing of this summit, 14 years after China started holding its regular Africa summits, and his failure to prioritise the continent earlier in his presidency. In the eyes of many commentators, this is Obama’s attempt to etch out a legacy in Africa.
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Indeed, as a recent report from Oxford Research Group and the Remote Control project shows, for all the talk of the US lacking engagement with Africa, military forces under the new US Africa Command (AFRICOM, a legacy of the late Bush administration) have been pursuing a quiet but sustained “pivot to Africa” under the Obama administration.
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September 11 is the key date for US engagement in the Sahel-Sahara, but 2012 not 2001. This was the date that jihadist militants stormed US diplomatic compounds in Benghazi, Libya, killing the US Ambassador and three other citizens.
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Pambazuka - BRICS and the tendency to sub-imperialism - 0 views
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Dating at least a half-century to when the idea of sub-imperialism was introduced, in Brazil, the concrete settings are vital because contingencies arise that may divert from the twin logics of capital and expanding territorial power relations.
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For rhetorical purposes the sub-imperial powers’ foreign, trade and even finance ministries may be less than flattering about global governance, and in the case of the BRICS in 2013-14, may even launch new multilateral initiatives with the stated aim of challenging power. But standing by the IMF even in times of crisis – e.g. the institution’s recapitalization in 2009 and 2012 occurred with notable BRICS support ($75 billion in coordinated aid in the latter case) – reflects the overall role that sub-imperial regimes play: to lubricate, legitimize and extend neoliberal political economy deeper into their regional hinterlands.
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In this context, what may emerge from the networking of the sub-imperialist elites, as witnessed in the BRICS bloc in its initial formation period, 2008-14, is an agenda that more systematically confirms super-exploitative practices within their hinterlands.
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