John Campbell

Africa in Transition

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

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Showing posts for "Foreign Investment"

Gay Marriage and Goodluck Jonathan’s Tricky Position

by Guest Blogger for John Campbell
President Goodluck Jonathan presents his administration's midterm report during Democracy Day in Abuja May 29, 2013. (Afolabi Sotunde/Courtesy Reuters) President Goodluck Jonathan presents his administration's midterm report during Democracy Day in Abuja May 29, 2013. (Afolabi Sotunde/Courtesy Reuters)

This is a guest post by Dominic Bocci, assistant director at the Council on Foreign Relations’ David Rockefeller Studies Program.

The passage of the Same-Sex Marriage Prohibition Bill on May 31, 2013, by the Nigerian House of Representatives places President Goodluck Jonathan in a tricky position. Not signing the bill risks alienating his own government and signaling to the general public that he does not support one of the few issues that brings the majority of Nigerians together. Alternatively, signing such legislation may cost the country substantial sums of international aid and investment. Either way, gay marriage—an otherwise unlikely political issue—may significantly influence the Nigerian political debate leading up to the 2015 national elections. Read more »

Brazil in Africa

by John Campbell
Brazil's President Lula da Silva (L) talks his Mozambique counterpart Armando Guebuza, during his last visit to Africa as head of state in Maputo, November 9, 2010. Picture taken November 9, 2010. (Grant Lee Neuenburg/Courtesy Reuters) Brazil's President Lula da Silva (L) talks his Mozambique counterpart Armando Guebuza, during his last visit to Africa as head of state in Maputo, November 9, 2010. Picture taken November 9, 2010. (Grant Lee Neuenburg/Courtesy Reuters)

According to the press, Brazil is negotiating an agreement with Mozambique to finance the construction of the Moamba Major dam to provide drinking water for Maputo. It is expected to cost U.S. $500 million. The Bank of Brazil has funded an environmental impact study for the project. With a population approaching two million and growing rapidly, Maputo needs an assured water supply. A successful agreement between Brazil and Mozambique means that construction on the dam could start as early as 2014. Read more »

All Aboard Nigeria Railways

by John Campbell
People wait for the arrival of Nigerian President Goodluck Jonathan for the commissioning of a refurbished locomotive train at the main railway terminus in Lagos March 12, 2011. (Akintunde Akinleye/Courtesy Reuters) People wait for the arrival of Nigerian President Goodluck Jonathan for the commissioning of a refurbished locomotive train at the main railway terminus in Lagos March 12, 2011. (Akintunde Akinleye/Courtesy Reuters)

The restoration of railway services between Lagos and Kano, Nigeria’s two largest cities, is a highly positive development. This is a hopeful step toward restoring Nigeria’s entire, once nation-wide, railway system. Read more »

AFRICOM to Stay in Stuttgart

by John Campbell
Kampala, Uganda
U.S. General Carter F. Ham, Commander of the U.S. Africa Command addresses a news conference at the U.S. Embassy in Uganda's capital Kampala, May 11, 2011. (Edward Echwalu/Courtesy Reuters) Kampala, Uganda U.S. General Carter F. Ham, Commander of the U.S. Africa Command addresses a news conference at the U.S. Embassy in Uganda's capital Kampala, May 11, 2011. (Edward Echwalu/Courtesy Reuters)

The Department of Defense announced on Feb 5 that the U.S. Africa Command (AFRICOM) headquarters will remain in Stuttgart, Germany.

According to Stars and Stripes, the decision to stay in Germany rather than relocate to the United States was based on “operational needs.” Read more »

Optimism Opens the New Year in South Africa

by Guest Blogger for John Campbell
South African Reserve Bank Governor Gill Marcus shows off South Africa's new banknotes before conducting the first transaction in Pretoria 06/11/2012. (Siphiwe Sibeko/Courtesy Reuters) South African Reserve Bank Governor Gill Marcus shows off South Africa's new banknotes before conducting the first transaction in Pretoria 06/11/2012. (Siphiwe Sibeko/Courtesy Reuters)

This is a guest post by John Causey, a private equity consultant based in Cape Town, South Africa. He specializes in sub-Saharan Africa transactions, with investors mainly from the EU and US.

Last year, the rainbow nation further solidified its status as an asterisk to the Africa growth story. Read more »

Nigeria: What if Globalization Reverses?

by Guest Blogger for John Campbell
People protest on a street in Kano before the suspension of a nationwide strike by labour unions 16/01/2012. (Stringer/Courtesy Reuters) People protest on a street in Kano before the suspension of a nationwide strike by labour unions 16/01/2012. (Stringer/Courtesy Reuters)

This is a guest post by Jim Sanders, a career, now retired, West Africa watcher for various federal agencies. The views expressed below are his personal views and do not reflect those of his former employers.

According to Fortune Magazine, investments in foreign held assets are decreasing. Joshua Cooper Ramo points out that, “figures on investment in assets held overseas, probably the best indicator of enthusiasm for globalism, are drifting down toward 40 percent from more than 50 percent in 2008.”  Read more »

President Obama and Sub-Saharan Africa: What’s Missing

by Guest Blogger for John Campbell
A man with a flag stuck to his forehead waits to catch a glimpse of U.S. President Barack Obama in Accra 11/07/2009. (Finbarr O'Reilly/Courtesy Reuters) A man with a flag stuck to his forehead waits to catch a glimpse of U.S. President Barack Obama in Accra 11/07/2009. (Finbarr O'Reilly/Courtesy Reuters)

Richard Joseph is the John Evans Professor of International History and Politics at Northwestern University and a Senior Fellow with the Program on Global Economy and  Development of The Brookings Institution.  He has been deeply engaged with American policy toward Africa for a generation.  In his guest post below, Dr. Joseph analyzes the Obama administration’s June 2012 policy paper on Africa and he provides specific policy recommendations for the President’s second term. Read more »

Response to Africa Glass Half Full or Half Empty

by Guest Blogger for John Campbell
An Ethiopian man carries a stack of hay near Korem in the mountainous region.. 14/12/2004. (Radu Sigheti/Courtesy Reuters) An Ethiopian man carries a stack of hay near Korem in the mountainous region.. 14/12/2004. (Radu Sigheti/Courtesy Reuters)

This is a guest post by Owen Cylke. Mr. Cylke is a development professional and a retired senior foreign service officer with USAID.

The discussion over whether Africa’s glass is half full or half empty simply allows each side to argue their case–over and over again.  McKinsey will argue that Africa’s long-term prospects are strong while the African Development Bank will counter that, in fifty years, one-third of Africa’s population will still be living with an income below $1.25 a day. Read more »

Two Perspectives on Falling Foreign Direct Investment in South Africa

by Guest Blogger for John Campbell
South African Finance Minister Pravin Gordham delivers his annual budget speech to Parliament in Cape Town 23/02/2011. (Nic Bothma/Courtesy Reuters) South African Finance Minister Pravin Gordham delivers his annual budget speech to Parliament in Cape Town 23/02/2011. (Nic Bothma/Courtesy Reuters)

This is a guest post by John Causey, an independent private equity consultant based in Cape Town, South Africa.  He specializes in sub-Saharan Africa transactions, with investors mainly from the EU and US.

South Africa’s foreign direct investment (FDI) inflows have dropped by 43.6  percent in the first half of 2012. The decline is the largest among all developing countries. Read more »

Guest Post: “Mad Men?”: Business Looks Past Boko Haram, Focuses on Growth in South

by Guest Blogger for John Campbell
A view of the trading floor at the Nigerian Stock Exchange (NSE) at the end of trading hours in Lagos April 24, 2012. (Akintunde Akinleye/Courtesy Reuters) A view of the trading floor at the Nigerian Stock Exchange (NSE) at the end of trading hours in Lagos April 24, 2012. (Akintunde Akinleye/Courtesy Reuters)

This is a guest post by Jim Sanders, a career, now retired, West Africa watcher for various federal agencies. The views expressed below are his personal views and do not reflect those of his former employers.

Just as Richard Drew’s photograph of a man falling from the World Trade Center on 9/11 became an iconic image of what writer Tom Junod has called the “almost vertiginous sensation of the ground giving way beneath our feet, along with just about everything else,” a metaphor for American exceptionalism and entitlement falling back to earth, so, too, have Boko Haram’s seemingly unstoppable attacks appeared to have diminished Nigeria’s sense of exceptionalism and confidence. Yet multinationals, focusing on Nigeria’s large population and robust growth rate, rather than its poverty and internal stresses, see the country as an investment opportunity. Read more »