John Campbell

Africa in Transition

Campbell tracks political and security developments across sub-Saharan Africa.

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Showing posts for "Foreign Investment"

IMF Managing Director Lagarde’s Visit a Boost for President Buhari

by John Campbell
Nigeria's President Muhammadu Buhari and International Monetary Fund (IMF) Managing Director Christine Lagarde attend a meeting in Abuja, Nigeria, January 5, 2016. (Reuters/Afolabi Sotunde) Nigeria's President Muhammadu Buhari and International Monetary Fund (IMF) Managing Director Christine Lagarde attend a meeting in Abuja, Nigeria, January 5, 2016. (Reuters/Afolabi Sotunde)

President Muhammadu Buhari faces a serious economic crisis related to the plunge in the world price of oil, slow rates of economic growth, the prospect of rising American interest rates, a falling national currency, and declining government revenues. At the same time, he is working to restructure the economy away from undue dependence on oil by increasing infrastructure investment and vigorously pursuing an anti-corruption agenda demonstrated by the arrests of high-profile public figures. Read more »

The Eastern Congo

by Guest Blogger for John Campbell
South African peacekeepers patrol the streets of Goma in eastern Democratic Republic of Congo, December 2, 2015.  (Reuters/ Ed Cropley) South African peacekeepers patrol the streets of Goma in eastern Democratic Republic of Congo, December 2, 2015. (Reuters/ Ed Cropley)

This is a guest post by Allen Grane, research associate for the Council on Foreign Relations Africa Studies program.

Last Thursday, the Council on Foreign Relations’ visual media team released its new InfoGuide: The Eastern Congo. Developed in conjunction with experts from Human Rights Watch, Johns Hopkins School of Advanced International Studies, the United States Institute of Peace, and the Congo Research Group, the guide provides an excellent outline of the conflict that has plagued the eastern Democratic Republic of the Congo. Read more »

The South African Roller Coaster

by John Campbell
South Africa's President Jacob Zuma speaks during his visit to the Lodewyk P. Spies Old Age Home in Eersterust, Pretoria, December 15, 2015. (ReutersS/Siphiwe Sibeko) South Africa's President Jacob Zuma speaks during his visit to the Lodewyk P. Spies Old Age Home in Eersterust, Pretoria, December 15, 2015. (ReutersS/Siphiwe Sibeko)

On December 10, President Jacob Zuma fired Nhlanhla Nene, the well regarded finance minister, and replaced him with the unknown and inexperienced David van Rooven. Though Zuma is not required by the South African constitution to consult with anybody on cabinet appointments, the fact that he did not inform his cabinet or provide public explanation for his removal of Nene and appointment of van Rooven may have been the last straw. Read more »

Africa Taps Global Bond Markets at Rapid Rate

by Guest Blogger for John Campbell
Stockbrokers trade on the floor of the Zimbabwe Stock Exchange (ZSE) in Harare, February 24, 2015. (Courtesy/Philimon Bulawayo) Stockbrokers trade on the floor of the Zimbabwe Stock Exchange (ZSE) in Harare, February 24, 2015. (Courtesy/Philimon Bulawayo)

This is a guest post by Aubrey Hruby and Jake Bright. They are the authors of The Next Africa: An Emerging Continent Becomes a Global Powerhouse.

Sub-Saharan African governments are tapping global capital markets at a rapid pace, issuing $18.1bn in dollar denominated eurobonds from 2013-2015, nearly triple the $7.3bn issued in the previous three years. Read more »

India and Africa: Partners With Potential

by Guest Blogger for John Campbell
South Africa's President Jacob Zuma (L) shakes hands with India's Prime Minister Narendra Modi during a photo opportunity before the start of their bilateral meeting at Hyderabad House in New Delhi, India, October 28, 2015.  (Reuters/Adnan Abidi) South Africa's President Jacob Zuma (L) shakes hands with India's Prime Minister Narendra Modi during a photo opportunity before the start of their bilateral meeting at Hyderabad House in New Delhi, India, October 28, 2015. (Reuters/Adnan Abidi)

This is a guest post by Ashlyn Anderson, research associate for India, Pakistan, and South Asia at the Council on Foreign Relations.

India recently hosted a milestone summit attended by delegations from all fifty-four African countries. Confronting similar development challenges, India and the nations of Africa charted plans to deepen ties and unite to address shared global concerns. India is one of many countries keen to participate in Africa’s rise, and the third India-Africa Forum Summit signaled an alignment of interests and the potential for a closer relationship. Read more »

Putin’s Russia and Africa

by Guest Blogger for John Campbell
Russia's Deputy Foreign Minister Mikhail Bogdanov (C) arrives at the airport in Abuja, Nigeria May 28, 2015. (Courtesy Reuters/Afolabi Sotunde) Russia's Deputy Foreign Minister Mikhail Bogdanov (C) arrives at the airport in Abuja, Nigeria May 28, 2015. (Courtesy Reuters/Afolabi Sotunde)

This is a guest post by Eugene Steinberg, an assistant editor at the Council on Foreign Relations.

From 1961 to 1992, one of Moscow’s most prestigious schools bore the name of Patrice Lumumba, the Soviet-supported Congolese independence leader brutally executed in 1961. Patrice Lumumba University recruited and educated generations of foreign leaders, especially African leaders, and was just one of the many ways in which the Soviet Union cultivated ties with Africa. Then with the fall of the Soviet Union, after years of pouring money, arms, and manpower into left-leaning anticolonial movements, Russia’s presence in Africa, and Lumumba University, nearly disappeared overnight. But today, two decades later, Russia is once again working to establish a foothold on the continent. Read more »

A Primer on Nigeria’s Oil Bunkering

by Guest Blogger for John Campbell
Smoke rises as an illegal oil refinary burns after a military chase in a windy creek near river Nun in Nigeria's oil state of Bayelsa December 6, 2012. Despite billions of dollars worth of oil flowing out of Nigeria South East, life for the majority of Niger Delta's inhabitants remains unchanged. Most people live in modest iron-roofed shacks, and rely on farming or fishing, their only interaction with the oil industry being when they step over pipelines in the swamps – or when a spill blights their landscape. (Courtesy Reuters/Akintunde Akinleye) Smoke rises as an illegal oil refinary burns after a military chase in a windy creek near river Nun in Nigeria's oil state of Bayelsa December 6, 2012. Despite billions of dollars worth of oil flowing out of Nigeria South East, life for the majority of Niger Delta's inhabitants remains unchanged. Most people live in modest iron-roofed shacks, and rely on farming or fishing, their only interaction with the oil industry being when they step over pipelines in the swamps – or when a spill blights their landscape. (Courtesy Reuters/Akintunde Akinleye)

This is a guest post by Emily Mangan, an intern for the Council on Foreign Relations Energy and Environment Program. She studies environmental policy at Skidmore College.

After resuming from recess, the Nigerian Senate pledged to increase the country’s oil revenue by reducing oil theft. Doing so would greatly increase Nigeria’s total oil exports and reduce oil spills that cause severe environmental damage in the Niger Delta. Read more »

Better Economic News from South Africa

by John Campbell
Mineworkers walk to the Wonderkop stadium near Lonmin's Marikana platinum mine for check-ins before returning to work, June 25, 2014. Tens of thousands of South African platinum miners returned to work on Wednesday after wage deals ended the longest and most damaging strike in the country's history. (Reuters/Skyler Reid) Mineworkers walk to the Wonderkop stadium near Lonmin's Marikana platinum mine for check-ins before returning to work, June 25, 2014. Tens of thousands of South African platinum miners returned to work on Wednesday after wage deals ended the longest and most damaging strike in the country's history. (Reuters/Skyler Reid)

South Africa’s general malaise owes much to its very slow recovery from the international economic crisis that began in the United States in 2008. The country’s gross domestic product growth rate has declined from a usual 3 percent to 1.5 percent in 2014. Weaker commodities prices have also slowed an economy that still includes a large mineral export sector. Read more »

President Obama Visits Kenya and Ethiopia

by John Campbell
A security guard walks past a wall mural depicting U.S. President Barack Obama outside the Go-Down Art Centre in Kenya's capital Nairobi, July 17, 2015. Kenya is preparing itself for a visit by U.S. President Obama in the coming week. Seen as a son of the East African nation owing to his father being Kenyan, many see this visit as a long overdue homecoming, while others question how long authorities can keep up the upgrades after Obama is gone. (Courtesy Reuters/Thomas Mukoya) A security guard walks past a wall mural depicting U.S. President Barack Obama outside the Go-Down Art Centre in Kenya's capital Nairobi, July 17, 2015. Kenya is preparing itself for a visit by U.S. President Obama in the coming week. Seen as a son of the East African nation owing to his father being Kenyan, many see this visit as a long overdue homecoming, while others question how long authorities can keep up the upgrades after Obama is gone. (Courtesy Reuters/Thomas Mukoya)

Whatever decision the White House makes in selecting the countries included on a presidential visit to Africa, it is bound to draw critical scrutiny. On July 24, President Obama departs for a trip to Kenya and Ethiopia. Two reasons for these two countries seem immediately clear. An important focus of the trip will be the African Union (AU), which has its headquarters in Addis Ababa, Ethiopia, and the Global Entrepreneurship Summit held this year in Nairobi, Kenya. The AU is the lodestar of the “African solutions to African problems” policy, while the Entrepreneurship Summit demonstrates a focus on economic development. Both are policy goals keenly supported by the United States. However, there is also a symbolic significance to this decision. Many in Africa have questioned why President Obama, with a Kenyan father, has not yet visited Nairobi during his presidency. This absence has contributed to disappointment in Africa that the Obama presidency has not been particularly African in its focus. Read more »

Buhari Visit to Reset the Bilateral Relationship

by John Campbell
U.S Secretary of State John Kerry (L) sits beside Nigeria's former military ruler and opposition party All Progressives Congress (APC) presidential candidate Muhammadu Buhari at the U.S. consulate house in Lagos January 25, 2015. Kerry was in Nigeria to urge its rival political camps to respect the outcome of a Feb. 14 presidential election. Washington is concerned that post-poll violence could undermine the stability of Africa's top oil producer and hamper efforts to tackle the Islamist militants of Boko Haram. "Given the stakes it's absolutely critical that these elections are conducted peacefully," Kerry told reporters in the commercial capital Lagos after meeting President Goodluck Jonathan and main opposition rival Buhari. (Courtesy Reuters/Akintunde Akinleye) U.S Secretary of State John Kerry (L) sits beside Nigeria's former military ruler and opposition party All Progressives Congress (APC) presidential candidate Muhammadu Buhari at the U.S. consulate house in Lagos January 25, 2015. Kerry was in Nigeria to urge its rival political camps to respect the outcome of a Feb. 14 presidential election. Washington is concerned that post-poll violence could undermine the stability of Africa's top oil producer and hamper efforts to tackle the Islamist militants of Boko Haram. "Given the stakes it's absolutely critical that these elections are conducted peacefully," Kerry told reporters in the commercial capital Lagos after meeting President Goodluck Jonathan and main opposition rival Buhari. (Courtesy Reuters/Akintunde Akinleye)

At the invitation of the Obama administration, Nigerian President Muhammadu Buhari is making an official visit to Washington, D.C. from July 20 to July 24. The visit is an opportunity to reset a bilateral relationship that had chilled under former President Goodluck Jonathan, in part because of the Nigerian security service’s human rights violations in the fight against the Islamist insurgent group Boko Haram, and in part because of vocal criticism from the Jonathan administration that the United States was not doing enough to help in the struggle against Boko Haram. Now, an indication of the importance of the visit to the Obama administration is that President Buhari will be staying at Blair House, the official guest house, even though this is not a state visit, which are usually arranged long in advance and more ceremonial than substantive. Read more »