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China's Second Continent: How a Million Migrants Are Building a New Empire in Africa

 

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Chinese immigrants of the recent past and unfolding twenty-first century are in search of the African dream. So explains indefatigable traveler Howard W. French, prize-winning investigative journalist and former New York Times bureau chief in Africa and China, in the definitive account of this seismic geopolitical development. China’s burgeoning presence in Africa is already shaping, and reshaping, the future of millions of people. From Liberia to Senegal to Mozambique, in creaky trucks and by back roads, French introduces us to the characters who make up China’s dogged emigrant population: entrepreneurs singlehandedly reshaping African infrastructure, and less-lucky migrants barely scraping by but still convinced of Africa’s opportunities. French’s acute observations offer illuminating insight into the most pressing unknowns of modern Sino-African relations: Why China is making these cultural and economic incursions into the continent; what Africa’s role is in this equation; and what the ramifications for both parties and their people—and the watching world—will be in the foreseeable future.   

 

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from Nazib Chowdhury, FMC blogger.. August 30, 2015 Fitch, a leading global credit rating agency, forecast Bangladesh's gross domestic product would grow 6.5 percent in the current fiscal year against the government's target of 7 percent.Fitch on Friday released its latest outlook, saying: “Bangladesh's rating balances high, stable real GDP growth and persistently strong foreign-currency earnings from remittances and garment exports, against weak structural features, most prominently significant political and banking-sector risks.”Fitch assigned the country long-term
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from Global Post..By Richard HallAugust 29, 2015 Protesters stand on a wall that was erected in downtown Beirut to separate police and protesters. The wall was taken down less then 24 hours after going up following an outcry. Richard Hall GlobalPost BEIRUT, Lebanon — The protests that have erupted in Lebanon over the past few weeks have drawn a diverse crowd. It’s not unusual to see entire families marching together. At a recent demonstration, an old man was
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from Global Post..By Richard HallAugust 24, 2015 Crowds gather in Beirut's Riad al-Solh square during an anti-government protest that was sparked by a garbage crisis in the capital. (Richard Hall GlobalPost) BEIRUT, Lebanon — Protesters clashed with police in central Beirut for a second night on Sunday, as a campaign that began with demands to solve an ongoing trash problem developed into a major crisis for the Lebanese government. Formed in mid-July as a response to garbage piling up
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from Africa.com..Source: Disrupt AfricaBY TOM JACKSONAugust 26, 2015 Kenya is seeing similar “lighting” speed development in terms of entrepreneurship as witnessed in China a decade ago, according to the Global Entrepreneurship Network and the GEDI Institute. Early data from the upcoming 2016 Global Entrepreneurship Index (GEI) demonstrates entrepreneurship is beginning to flourish in Kenya, with the country scoring higher than all other Sub-Saharan African countries for tech transfer and research and development expenditures. “The patterns of ‘lightning’ speed
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from Al Jazeera..By Johnny MagdalenoAugust 29, 2015 Tens of thousands practice in secret as a result of centuries of persecution; now they are divided over going public ADDIS ABABA, Ethiopia — Tedros, his wife, his 7-year-old daughter and his parents cannot stop the accusations of witchcraft. Despite holding reconciliatory meetings with community members in their village in Ethiopia’s Amhara region, their names and the names of other Jews continue to surface during Christian exorcism ceremonies. During these ceremonies, an Ethiopian Orthodox

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from Africa.com..Source: IOLBy Nicola Mawson, IOL Business EditorAugust 27, 2015 Johannesburg - Business in Africa is getting riskier, according to the PricewaterhouseCoopers inaugural survey looking at risk on the continent. The survey - Africa risk in review 2015 - notes executives that do business on the continent are increasingly concerned that risks to their organisation are on the rise. PwC’s report covers 27 of the 54 countries on the continent and reached more than 350 respondents across
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from Africa.com..Source: BBCAugust 27, 2015 Signs of an economic slowdown in China have led to fears of a global recession, including Africa, given the close ties it has built up with China in recent years. BBC Africa Business Report's Lerato Mbele looks at five ways the continent could be affected: The rand South Africa's currency has taken the hardest battering because it is the only African currency traded on the so-called "carry-trade". This is the money-market, where
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from The New York Times..By ANDREW E. KRAMERAugust 27, 2015 Ukraine and its main creditors agreed on Thursday on a plan to restructure $18 billion of the country’s foreign debt in a rare deal between bond funds and a wobbly, emerging-market government. If the agreement goes into effect, it would write off 20 percent of the country’s foreign debt and go far to help Ukraine avoid a drawn-out, Greek-style negotiation with large bondholders. But it leaves unanswered whether
from Africa.com..Source: BDLiveBY ED STODDARD AND DANIEL FLYNNAugust 26, 2015 JOHANNESBURG/DAKAR — A fresh US trade pact could provide relief to African economies buffeted by the commodities slump, but a failure to reform during the boom years has left many countries unable to profit from tariff-free access to the world’s largest market. In an effort to boost trade under the African Growth and Opportunity Act (Agoa), renewed by Congress for a decade in June, representatives from 39
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from Arab News..August 27, 2015 RIYADH: The participation of Saudi women in the upcoming municipal council elections is set to ensure they take their rightful place in boosting social and economic development in the country. Many women have already begun registering as voters, and would be able to do so later this month as candidates, according to a report published by the Saudi Press Agency (SPA) on Wednesday. Custodian of the Two Holy Mosques King Salman has