By Dipo Olowookere
A Portuguese company called Efacec Power Solutions (EPS) has been chosen to construct three new 200kV substations in Rwanda, expected to distribute electricity to the country’s rural areas, such as Rwabusoro, Mamba e Rilima.
The technical abilities and skills of Efacec’s High Tension Substations area was the reason behind being chosen by the tender’s winning company – STEG International Services, from Tunisia – to implement the project of engineering, supply, supervision and commissioning of the three new substations on a turn-key basis. This contract is worth approximately 10.5 million euro and has an 18 months’ execution deadline.
This construction work will be fundamental to give flow to the 80MW produced in Mamba’s Biomass Power Station for the national electricity grid. Currently only 25% of Rwanda’s households have power. This project is part of the government ambition to bring electrical energy to 70% of Rwanda’s families, until 2018.
According to Ângelo Ramalho, Efacec’s CEO, “being chosen for this project attests, once again, Efacec’s skills. We are proud of this new act of trust bestowed to our company. We’ll continuously work in order to bring power to all the parts of the world”.
The partnership established with STEG results from an ongoing project that Efacec has in Tunisia for STEG: the execution of a substations contract.
Efacec has strong international presence that produces products for power transmission and distribution (adapters, service, high and medium voltage switchgear and automation gear) for the Energy, Environmental, Industry and Railway sectors and develops solution for Electrical Mobility, namely an energy charging system.
EPS develops its activity in strategic markets, such as Spain, Central Europe, United States, Latin America, Brazil, Maghreb, Southern Africa and India.
Lavrov Yet to Begin Choosing between Illusions and Reality for Africa
By Kestér Kenn Klomegâh
In late January, four African countries – South Africa, Eswatini, Angola and Eritrea – officially hosted Russian Foreign Minister Sergey Lavrov. He went visiting these African countries as part of laying the groundwork and testing the pulse ahead of the forthcoming second Russia-Africa summit set for late July in St. Petersburg.
The first such summit was held in Sochi in October 2019 under the motto For Peace, Security and Development, attracting a large number of African representatives.
As Russia prepares to strengthen its overall corporate economic profile during the next African leaders’ summit, many Russian policy experts are questioning bilateral agreements that were signed, many of them largely remained unimplemented, with various African countries.
At the prestigious Moscow-based Institute for African Studies, well-experienced policy researchers such as Professors Vladimir Shubin and Alexandra Arkhangelskaya have argued that Russia needs to be more strategic in aligning its interests and be more proactive with instruments and mechanisms in promoting economic cooperation in order to reap the benefits of a fully-fledged bilateral partnership.
“The most significant positive sign is that Russia has moved away from its low-key strategy to vigorous relations, and authorities are seriously showing readiness to compete with other foreign players. But, Russia needs to find a strategy that really reflects the practical interests of Russian business and African development needs,” said Arkhangelskaya, who is also a Senior Lecturer at the Moscow High School of Economics.
Currently, the signs for Russia-African relations are impressive – declarations of intentions have been made, important bilateral agreements signed – now it remains to be seen how these intentions and agreements entered into these years will be implemented in practice, she pointed out in an interview.
The revival of Russia-African relations has to be enhanced in all fields. Obstacles to the broadening of Russia-African relations have to be addressed more vigorously. These include, in particular, the lack of knowledge or information in Russia about the situation in Africa and vice versa, suggested Arkhangelskaya.
While answering questions from the “Moscow. Kremlin. Putin” television programme on December 25, 2022, Lavrov explained that Russia’s motto is the balance of interests. “This balance is the core of our foreign policy. It is the only approach that has prospects in international affairs,” he reiterated, so Russia should balance its interest (not to describe them as enemies) with other external players in Africa.
Lavrov has been in the ministerial seat these several years and, of course, seems to be up to the existing challenges and the comprehensive policy tasks in continental Africa. In Pretoria, Lavrov held discussions with South African Foreign Minister Naledi Pandor. While talking later about the Russia-Ukraine crisis at the media briefing, Lavrov said Moscow appreciated “the independent, well-balanced and considerate approach” taken by Pretoria. South Africa has refused to condemn Moscow’s invasion of Ukraine. Russia has been hit by unprecedentedly stringent sanctions and suffers from isolation.
South Africa has now assumed the chairmanship of the BRICS, a grouping that includes Brazil, Russia, India and China. It will, however, host joint maritime drills with Russia and China from February 17 to 27, off the port city of Durban and Richards Bay. Some experts say the BRICS grouping, especially in the emerging new geopolitical world, throws many challenges to the United States and European-led global governance structures.
In August 2023, South Africa will host the BRICS summit. In this context, the sides expressed confidence that Pretoria’s upcoming chairmanship of this group opened up new opportunities for its future development, including in the context of expanding the partnerships between the five BRICS countries and African states.
Currently, South Africa has little trade with Russia but champions a world view – favoured by China and Russia – that seeks to undo perceived U.S.-hegemony in favour of a “multipolar” world in which geopolitical power is more diffuse.
Nevertheless, Foreign Minister Naledi Pandor called for greater economic cooperation between South Africa and Russia at the start of her meeting with Lavrov. “Our countries share growing economic bilateral relations both in terms of trade and investments,” she said. “It is my view that both countries can and must do more to develop and capitalize on opportunities to increase our cooperation in the economic sphere.”
Besides that, as indicated above, however, Lavrov mentioned peaceful space, high technology, smart cities, and nuclear energy as promising areas of collaboration with South Africa. Pretoria expresses readiness to collaborate, but the question is how to build a supply chain and financial services for collaborative projects in the face of Western sanctions imposed on Russia.
The two are members of BRICS, a grouping of major emerging economies, although they remain relatively insignificant markets for each other: Russia ranked as South Africa’s 33rd-largest trading partner in 2021, with two-way flows amounting to just $1.46 billion. In comparison, South Africa’s trade with the United States was $10.2 billion in 2021.
Reports have also pointed to the negative effects of Russia’s opaque transactions with South Africa under the Zuma administration. “There is a split in the South African establishment between the ruling ANC party and the opposition, which is fiercely against Russian-South African collaboration. There are fears that the country’s frenetic anti-Russian media campaign may gradually tip the scales against Moscow. Nonetheless, for the time being, South Africa is interested in broadening its foreign relations, particularly through the BRICS,” a Researcher at the Institute for International Studies at MGIMO, Maya Nikolskaya, told local Russian daily Kommersant.
Maya Nikolskaya underlined the fact that 2022 was generally not an easy year for Russian-African relations. The majority of African countries found themselves under tremendous pressure from the West. However, Moscow still has great potential in Africa: Russia is a major grain exporter, and in turn, “Moscow is interested in new sales markets, so building alternative value chains is in the interests of both parties,” the expert explained about Russia’s relations with South Africa.
On his second stopover in the Kingdom of Eswatini, Lavrov expressed deep wariness about the Western dominance and situations guided mostly by the orders of the former colonial powers. “We understand the painful feelings of the US and Europe, as the structure of international relations is changing, becoming multipolar, polycentric. We cannot change our Western friends and make them polite, behave democratically,” Lavrov said at a news conference following talks with the Kingdom of Eswatini’s top diplomat, Thulisile Dladla.
Reports indicated that the King of Eswatini Mswati III, has been invited to the Russia-Africa summit to be held this year in St. Petersburg. And Moscow plans to deepen its interaction with Eswatini in the area of Russian grain supplies, the construction of irrigation systems, energy and mineral resources mining. “We stated that efforts should be focused now on the economic sphere, which by its indicators so far lags far behind other areas of our cooperation, above all the excellent level of political dialogue,” the Russian top diplomat said.
About 50 Swazi nationals are receiving military education at Russian Defence Ministry colleges, further agreeing to step up cooperation in the field of security. Tongue-twisting Lavrov repackaged a long list of projects in nearly all sectors, including industry, agriculture, information communications technology, digital, education, culture and many others. With a small population of 1.2 million, Eswatini is a tiny landlocked country in Southern Africa.
During the media conference, he made references to his previous tour in Africa (Egypt, the Republic of Congo, Uganda, and Ethiopia) and also to the Arab League headquarters. He also discussed BRICS at length, particularly proposals for its expansion, as well as its role in the global economy, globalization and global finance. “BRICS is not planning to shut the door to the rest of the world. On the contrary, we would like to cooperate with all countries as much as possible, equally and based on a balance of interests. The BRICS countries’ approach to global affairs is winning the sympathy of more and more countries across the world, including in Asia, Africa and Latin America,” he asserted.
Wrapping his “business-as-usual” meetings in Eswatini, Lavrov referred to countries such as China, India, Turkey, et cetera that are emerging together as a new multipolar world. But these countries have good economic footprints in Africa. For Russia to recognizably play dominating role similar to China, India and Turkey, it has to make a complete departure from frequent rhetorics and work seriously on its economic policy dimensions in Africa.
The Kingdom of Eswatini, officially renamed from Swaziland in 2018, is a constitutional monarchy with the current constitution in force since February 8, 2006. The country is a member of the British-led Commonwealth. Eswatini, with an approximate population of 1,2 million (2021), is bordered by South Africa and Mozambique. It has had diplomatic relations with the Russian Federation since November 19, 1999.
Upon his arrival on January 24, Lavrov and his delegation were welcomed by his Angolan counterpart, Tete Antonio. On the next day, he held an in-depth discussion with President João Lourenço. According to the transcript, the focus was on the preparations for the next meeting of the Intergovernmental Commission on Economic and Scientific-Technical Cooperation and Trade in Luanda in late April. Both, however, outlined steps to advance strategic partnerships across all areas.
With Minister of External Relations Tete Antonio, there were questions relating to the launch of Angola’s AngoSat-2 satellite and which allows continuing cooperation in the peaceful exploration of outer space and other high-tech areas. Lavrov and Antonio have ultimately agreed to expedite the coordination of several new intergovernmental agreements, including those on the opening of cultural centres and on the nuclear power industry, humanitarian missions and merchant shipping.
Eritrea was Lavrov’s final working station. With an estimated population of 5.8 million, it is located on the Red Sea, in the Horn of Africa region of Eastern Africa. Russia and Eritrea have had diplomatic relations since May 1993. President Isaias Afwerki has ruled Eritrea with an iron fist since its independence from Ethiopia in 1993. Eritrea was one of the countries that voted against a UN resolution condemning Russia over the situation in Ukraine in March 2022.
In April 2022, Eritrean Foreign Minister Osman Saleh Mohammed made a visit to Moscow. Both Lavrov and Mohammed reaffirmed Russia’s strategic interest in making coordinated efforts aimed at building a logistics hub along the coastline. During their meeting, Lavrov promised Moscow’s contribution towards stronger stability and security in the Horn of Africa.
As far back in 2018, Lavrov spoke extensively about economic cooperation. According to him, Russia’s truck maker KAMAZ was already working in Eritrea, supplying its products to that country, as was Gazprombank Global Resources, which was building cooperation in the banking sector. In the same year, 2018, concrete talks were held to build a logistics centre at the port of Eritrea, which makes the world’s class logistics and services hub for maritime transportation through the Suez Canal and is definitely set to promote bilateral trade.
According to the transcript posted on the website, Lavrov said: “we cooperate in many diverse areas: natural resources, all types of energy engineering, including nuclear and hydroelectric energy, and new sources of energy, infrastructure in all its aspects, medicine, the social sphere, transport and many more.”
Still that same year, Eritrea was interested in opening a Russian language department at one of the universities in the capital of the country, Asmara. Lavrov further indicated: “We agreed to take extra measures to promote promising projects in the sphere of mining and infrastructure development and to supply specialized transport and agricultural equipment to Eritrea.”
As always, Lavrov’s discussions with Eritrean President Isaias Afwerki focused on “strengthening bilateral relations as well as regional developments of interest to the two countries.” He, however, reaffirmed Russia’s unconditional commitment to fulfilling all of its obligations under export contracts to send critical food supplies to African countries in need, including under the package agreements reached with the participation of the United Nations.
Isaias Afwerki further listened carefully as Lavrov listed a huge number of proposals, including those relating to the economy, mining, information and communication technologies, agriculture, infrastructure projects, the possibilities of the sea and air ports of Massawa, as well as Russian proposals for the development of industry in Eritrea. “All these are topics for the upcoming consultations between our ministries of the economy. We agreed to start them soon and give them a regular character,” he convincingly assured.
In summary, Lavrov’s trip to Africa, which has become a renewed diplomatic battleground since the Ukraine war began, has taken him to Angola, Eswatini and South Africa. As previously, not a single development project was commissioned in any of those African countries he visited. It was the usual diplomatic niceties, “dating and promising,” but at least with a bouquet for the bride.
During his four-African country visit, Lavrov did not hold meetings with any youth and women groups, nor did he address a gathering of African entrepreneurs. He did not visit any Russian-funded project facility sites to first-hand assess developments and progress there, nor any educational establishment, especially those dealing with international relations. His meetings were state-centric and mostly office-centred. Throughout his speeches, not a single reference was made to the Africa Continental Free Trade Area (AfCFTA). While exploring more opportunities, there was absolutely nothing on Covid-19 and Russia’s Sputnik V vaccines or practical proposals to develop vaccines for other deadly diseases across Africa.
Lavrov left Moscow the next day after his three-hour media conference, summing up foreign policy achievements and the way forward on 18 January. During that conference, Africa only appeared at the bottom of the discussions. And yet Africa is considered “a priority” in Russia’s policy. Lavrov made a sketchy response about Africa and then reminded the gathering of the forthcoming summit planned for late July 2023. He, however, mentioned that there were drafted documents to reset cooperation mechanisms in this environment of sanctions and threats and in the context of geopolitical changes.
“There will be new trade and investment cooperation tools, logistics chains and payment arrangements. The change to transactions in national currencies is underway. This process is not a rapid one, but it is in progress and gaining momentum,” he told the gathering in quick remarks, then swiftly closed the media conference that day.
Nevertheless, African leaders are consistently asked to support Russia against Ukraine. Since the symbolic October 2019 gathering in Sochi, extremely little has happened. With high optimism and a high desire to strengthen its geopolitical influence, Russia has engaged in trading slogans, and many of its signed bilateral agreements have not been implemented, including all those from the first Russia-Africa summit. The summit fact files show that 92 agreements and contracts worth a total of $12.5 billion were signed, and before that, several pledges and promises were still undelivered.
Since his appointment in 2004 as Minister of Foreign Affairs of the Russian Federation, Sergey Lavrov has succeeded in building high-level political dialogues in Africa. But, his geopolitical lectures have largely overshadowed Russia’s achievements in Africa. Throughout these several years of his official working visits to Africa, unlike his Chinese counterparts, Lavrov hardly cuts ribbons marking the completion of development projects in Africa.
However, he needs simultaneously to understand how to approach development ideas inside Africa. These ideas could offer Russia hopes for raising its economic cooperation to a qualitatively new level and ultimately contribute to the building of sustainable relations with Africa. The new scramble for Africa is gaining momentum; therefore, Russians have to face the new geopolitical realities and their practical existing challenges. But in a nutshell, Russians seem to close their eyes to the fact that Africa’s roadmap is the African Union Agenda 2063.
Participants to Explore Future of Alternative Energy Solutions at MEE
By Adedapo Adesanya
Middle East Energy, the leading energy industry event in the Middle East and Africa (MEA) region, will make its anticipated return to the Dubai World Trade Centre on March 7—9, 2023, to guide energy transition conversations across the globe.
The event, which is the 48th of its kind, is organised by Informa Markets, the leading global exhibitions organiser. It will bring together buyers and sellers from across different countries to explore the latest advancements in energy products and solutions.
The programme will provide opportunities to network with international energy suppliers, discover products and solutions that are changing the energy landscape, and build long-lasting business relationships.
Speaking on this, Mr Ade Yesufu, Exhibition Manager, Middle East Energy, said, “Over the years, Middle East Energy has supported the global energy community to find solutions that empower the rapid acceleration of electricity consumption across the Middle East and other parts of the world.
“This year, the aim is to advance the conversations in light of the current global reality and changes in the energy industry. This event also brings together the highest level of decision-makers and international partners to connect and discover innovative products and solutions that can deliver cleaner energy and supply sustainable power.”
With over 800 exhibiting companies representing 170 countries and a 20,000+ global audience, participants will explore insights on the future of alternative energy solutions that will help in delivering more efficient and effective power systems.
This edition of Middle East Energy will focus on five key product sections that are leading the way in the energy transition: Smart Solutions, Renewable & Clean Energy, Backup Generators & Critical Power, Transmission & Distribution, and Energy Consumption & Management.
Middle East Energy will also feature strategic conferences and content arenas focusing on the latest technologies and products to provide a platform for knowledge sharing, support relationship building, and uncover solutions to some of the most pressing challenges posed by the energy transition.
These include CEO roundtables, technical sessions, and the Intersolar Conference, which will bring together global policymakers, utilities, developers, financiers, and technology leaders across three days to create the blueprint for a successful energy transition across the Middle East and Africa.
The confirmed panellists include: Licypriya Kangujam, an 11-year-old climate activist; Mr Raphael Mworia, Commercial Director, KETRACO – Kenya Electricity Transmission Company Ltd; Mr Abraham Serem, Acting Managing Director & Chief Executive Officer, KenGen – Kenya Electricity Generating Company; and Mr Abdulaziz Al Naim, CEO, Saudi Power Company;
Others include Dr Joseph Oketch, Director – Electricity and Renewable Energy, Energy & Petroleum Regulatory Authority, Kenya; Mrs Leila Benali, Minister of Energy Transition and Sustainable Development, Kingdom of Morocco; Mr Azhar Hussain, Principal Investment Officer, International Finance Corporation (IFC).
Other conferences include The Technical Seminar, an interactive forum for the world’s leading energy experts and technical minds to discuss and explore the innovations and technologies driving the energy transition and Intersolar Middle East, a gathering of solar and renewable energy industry professionals in the MEA region to discuss the transformative dynamics of renewable energies around the world.
Janet Yellen: United States Focuses on Business Investment and Infrastructure Development in Africa
By Kestér Kenn Klomegâh
United States officials, at least, are strategically moving to reset multi-dimensional relations with Africa after the last African leaders’ summit held in Washington. President Joseph Bidden and Vice President Kamala Harris, in well-coordinated working agenda, with the White House, the Department of African Affairs and the US Treasury, are up to the task. This challenging task is backed by a $55 billion budget publicly announced during the African leaders’ gathering.
It all began with a series of working visits to Africa in late December and early 2023, which underscored the message delivered by Biden at the last summit: “The United States is all in on Africa, and all in with Africa.” The $55 billion budget and along with private sector investment for Africa, well-built institutionalized structures and the African-American diaspora, are distinctively linking together the United States and Africa.
On January 20, the US Treasury Secretary, Janet Yellen, went on a 10-day trip to three African countries that aimed to revitalize and expand US-African ties and address challenges such as climate change, food security and debt in Africa. After decades in which China has dominated investment on the continent, the US is pitching itself as a more sustainable alternative. In the sub-Sahara, Yellen visited Senegal, Zambia and South Africa.
That will be followed by the United States Ambassador to the United Nations, Linda Thomas-Greenfield, who travelled to three Republics of Ghana, Mozambique and Kenya starting Jan. 25 and another round trip by Secretary of State Antony Blinken official visits to Eastern Western and Southern Africa.
In Dakar, Yellen had extensive and fruitful discussions with Senegalese President Macky Sall, who is also the rotating Chair of the African Union. The African Union is a 55-member continental organization with headquarters in Addis Ababa, Ethiopia. With President Macky Sall, she highlighted the United States’ efforts to boost economic ties with the region “by expanding trade and investment flows,” according to official reports.
Later, she also interacted with Senegal’s Minister of Economy, International Planning, and Cooperation, Oulimata Sarr, who, like Yellen, is also the first woman to serve in her current role. In a meeting with Finance Minister Mamadou Moustapha Ba, Yellen said the two officials had “much to discuss on how best to meet the challenges both of our countries face, including in the context of global financial tightening and an increasingly uncertain global economic environment. The U.S. is committed to working with Africa to realize that promise because we know that a stronger African economy is good for the world and good for the United States.”
In a speech delivered at a business event in Senegal’s capital Dakar, Yellen mapped out the United States’ vision for strengthening African relations, eyeing the massive economic opportunities created by its demographic boom.
Currently, Senegal is participating in a G-20 programme that helps finance a shift from fossil fuels to clean power generation, it’s also on the verge of becoming a significant fossil-fuel producer. A new offshore project straddling its border with Mauritania is projected to bring Senegal $1.4 billion in oil and gas revenue from 2023 to 2025. The project may also provide Europe with energy relief as it turns away from Russian gas and oil.
Reports indicated that Treasury Yellen gave the concrete go-ahead on the rural electrification project in Senegal. The new rural electrification project is estimated to bring reliable power to 350,000 people while supporting some 500 jobs in 14 American States.
Our monitoring shows that Yellen travelled to the site of the project, headed by Illinois-based engineering firm Weldy Lamont. The new project received technical assistance from the US Power Africa initiative, capacity building through the US Agency for Trade and Development, and a $102.5 million loan guarantee from the Export-Import Bank.
“Our goal is to deepen our economic relationship further and to invest in expanding energy access in a way that uses renewable resources spread across the continent,” Ms Yellen underlined in her remarks. Senegal has among the highest rates of electrification across Sub-Saharan Africa – between 70% and 80% – but access to electricity remains far more limited in rural areas.
Such disparities can hinder opportunities for households and businesses in areas otherwise ripe for economic development, Yellen said. The project includes an important renewable energy element with a solar grid to power 70 villages. “This groundbreaking will create a higher quality of life in many communities, and it will help Senegal’s economy grow and prosper. It will also help Senegal get one step closer to its goal of universal electricity access by 2025,” she said.
Yellen, who met women and youth entrepreneurs in Dakar, said the electrification project would allow Senegal to rely on energy sources that are within its borders, cost-effective and not prone to the kind of volatility in energy prices sparked by Russia’s invasion of Ukraine.
The US Power Africa project has helped connect 165 million people to reliable electricity across Africa. Its goal is to add at least 30,000 megawatts (MW) of cleaner and more reliable electricity generation capacity and 60 million new home and business connections by 2030.
Yellen then travelled to Zambia to meet President Hakainde Hichilema as well as other finance officials. President Hichilema, who took office in 2021, has promised to restore the copper-rich nation’s credibility and creditworthiness after inheriting a cash-strapped economy. Here, she spoke on efforts to improve global health and prepare for future pandemics, as well as on food production.
Yellen cited $11 billion in commitments by the US Development Finance Corp and $3 billion in programmes by the Millennium Challenge Corp in 14 African countries, with more in the pipeline. On a wider scale, the G7 group of wealthy Western nations also planned to mobilise some $600 billion for global infrastructure investments over the next five years.
“We are saying that African countries firmly belong at the table. Their communities are disproportionately vulnerable to the effects of global challenges. And any serious solution requires African leadership and African voices,” she said.
In South Africa, which recently assumed the chairmanship of the BRICS emerging economies group, Yellen held talks with Finance Minister Enoch Godongwana and South Africa Reserve Bank Governor Lesetja Kganyago. She also visited the Ford assembly plant to showcase successful examples of US-Africa economic relations.
Washington provided about $13 billion in emergency aid and food assistance last year and was now setting up a US-Africa strategic partnership to address the short-term food needs of more than 300 million Africans, Yellen said. It is also helping to build more resilient and sustainable systems for the future.
In practical terms, Yellen focused on building relationships and understanding the barriers to investment and business in Africa. Our monitoring shows that Chinese trade with Africa is about four times that of the United States, and Beijing rapidly expanded its lending by offering cheaper loans, although the opaque terms and collateral requirements are now being questioned by some African countries.
The United States is currently looking to broaden investment in South Africa, which is developing new legislation to speed up energy projects. There are a number of external players showing interest in the energy sector; these include Russia, China, United Arab Emirates and others in the Arab world.
Former US ambassador Susan Page told AFP that despite positive developments like the major summit in Washington last year, “the proof is in the pudding” when it comes to pledges of support for African countries. “Are they really going to come up with the serious money… Or is it going to be a trade-off?” asked Page, now a professor at the University of Michigan. She added that while US moves have been largely framed as countering China’s advances, it “is a shame because African countries want to be treated as Africa, and not as a wedge between great power competition.”
Joseph Siegle, who leads the Africa Center for Strategic Studies research programme, said the scope of Yellen’s visit was far broader than the matter of China’s influence. “From an emerging market standpoint, there is a lot going on there – with its resources and growth and a large African diaspora in the US. Arguably, the US has not paid enough attention to Africa with the rigour that’s warranted,” he said. “I think the significance of this trip is trying to rectify there hasn’t been enough high-level engagement on the part of the US in Africa.”
In fact, despite criticisms especially over neo-colonialism and unipolarism, the United States and Africa are culturally, and by biological blood, inseparable. According to the latest World Bank report, remittances from the African diaspora to the continental was $49 billion in 2021.
With rivals China and Russia competing for influence and opportunity in Africa, the United States has been working to stave off an erosion of its once-powerful position in the region. But as Treasury Secretary Janet Yellen strongly noted, the histories of the United States and Africa were “intimately connected” by the “tragedy” of slavery, as Washington seeks to strengthen relations with the continent. Speaking at Goree Island off the Senegalese capital of Dakar, the largest slave trading centre on the African coast.
For their part, many African countries say they are keen on increased investment and financial support for infrastructure development across Africa. And that Africa is only ready for potential credible investors and not for active anti-American sloganeers and ideological choristers. Africa is not a field for confrontation but for cooperating on transforming the economy and operating the single continental market.
In the emerging multipolar world, the United States still shares cultural values and democratic principles with Africa. The trans-Atlantic slave trade is an integral part of both American and African history. The United States is their second home, nowhere else. The United States and Africa are ‘intimately connected’ by slavery, have culturally indivisible bondage, and currently, with the growing African-American diaspora, it is completely absurd and awkward for external geopolitical rival countries to ask African leaders and Africans to abandon their history and the United States.
Latest News on Business Post
- Streamlining and Increasing Pharmacy Inventory Workflow January 27, 2023
- Ecobank Ellevate, Others Train Fashion Entrepreneurs in Nigeria January 27, 2023
- ALAT Urges Nigerians to Imbibe Stronger Savings, Investment Culture January 27, 2023
- Lavrov Yet to Begin Choosing between Illusions and Reality for Africa January 27, 2023
- Is Loan Financing The Best For Startups? January 27, 2023
- How to Improve the Efficacy of Your Remote Workforce January 27, 2023
- How Much Is House Rent In Abuja? Everything You Need To Know January 27, 2023
- Unlisted Securities Market Gets 0.34% Boost Thursday January 27, 2023
- Naira Crashes at Parallel Market, Gains at Official Market January 27, 2023
- Stock Market Rebounds by 0.29% as GTCO, Others Enjoy Patronage January 27, 2023