John Campbell

Africa in Transition

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

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Showing posts for "Trade"

Africans in China: The Pivot Back

by Guest Blogger for John Campbell
African traders buy clothing at a shopping mall in Guangzhou July 31, 2009. (Reuters/Tyrone Siu) African traders buy clothing at a shopping mall in Guangzhou July 31, 2009. (Reuters/Tyrone Siu)

This piece has been co-authored by Nathan Birhanu and Bochen Han. Nathan is an intern for the Council on Foreign Relations Africa Studies program and is a graduate of Fordham University’s Graduate Program in International Political Economy & Development. Bochen is an intern for the Council on Foreign Relations Asia Studies program and is an undergraduate majoring in political science at Duke University. Read more »

‘Brexit’ and South Africa

by John Campbell
A statue of South Africa's former president Nelson Mandela is seen silhouetted after its unveiling in London's Parliament Square August 29, 2007.  (Courtesy Reuters/Alessia Pierdomenico) A statue of South Africa's former president Nelson Mandela is seen silhouetted after its unveiling in London's Parliament Square August 29, 2007. (Courtesy Reuters/Alessia Pierdomenico)

Asmita Parshotam, Cyril Prinsloo, and Elizabeth Sidiropoulos have written a thoughtful analysis of the impact on South Africa should the UK vote to exit the European Union on June 23. Their analysis was published June 21 by the South African Institute of International Affairs (SAIIA). Read more »

Nigeria’s Oil Production Down by 40 Percent

by John Campbell
Ships and tankers seen on the horizon off the coast of the Apapa port Lagos, Nigeria, Febuary 25, 2016. (Reuters/Afolabi Sotunde) Ships and tankers seen on the horizon off the coast of the Apapa port Lagos, Nigeria, Febuary 25, 2016. (Reuters/Afolabi Sotunde)

Oil is the property of the Nigerian state. Most of it is produced through partnerships between the Nigerian National Petroleum Corporation, which is owned by the state, and private oil companies. Oil provides the Nigerian state with about 70 percent of its revenue and roughly 90 percent of its foreign exchange. President Muhammadu Buhari’s current national budget is expansionary, not least because of the struggle against Boko Haram. The budget is based on the production of 2.2 million barrels per day at $38 per barrel. He has also declined to officially devalue the national currency, the naira, which trades at an official rate of about 200 to the U.S. dollar and about 345 to the U.S. dollar on the black market. Read more »

South Africa and Iran Aim to Resume Strong Trade Relationship

by Guest Blogger for John Campbell
Iran's President Hassan Rouhani speaks during a news conference in Islamabad, Pakistan, March 26, 2016. (Reuters/Faisal Mahmood) Iran's President Hassan Rouhani speaks during a news conference in Islamabad, Pakistan, March 26, 2016. (Reuters/Faisal Mahmood)

Tyler Falish is an intern for the Council on Foreign Relations Africa Studies program, and a student in Fordham University’s Graduate Program in International Political Economy & Development.

South African President Jacob Zuma was in Iran for a two-day state visit on April 24 and 25. While in Tehran, Zuma and Iranian President Hassan Rouhani signed eight bilateral trade agreements as part of a commitment to increase non-oil trade between the two countries. Trade between the two nations plummeted after the imposition of expanded sanctions on Iran by the U.S., EU, and UN. According to UN Comtrade, in 2012—the most recent year of significant trade between the two countries—trade was valued at approximately $1.3 billion. By comparison, bilateral trade in 2015 totaled only $30 million. Read more »

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 »

Africa’s Middle Class

by John Campbell
Miners gesture next to houses, part of a 2.8 billion rand ($255 million) housing project put together by their employer at the WaterKlooff Hills in Rustenburg, September 16, 2014. (Courtesy/Siphiwe Sibeko) Miners gesture next to houses, part of a 2.8 billion rand ($255 million) housing project put together by their employer at the WaterKlooff Hills in Rustenburg, September 16, 2014. (Courtesy/Siphiwe Sibeko)

According to a recent Credit Suisse report, the African middle class is almost seventeen times smaller than had been previously thought. For at least a decade it has been conventional wisdom among investors that Africa’s middle class is growing, that the “lions are on the move” (McKinsey’s phrase), and that the continent is the next China for frontier market investors. In 2011, the African Development Bank’s (AFDB) paper, “The Middle Pyramid: Dynamics of the Middle Class in Africa,” had classified 313 million Africans as middle class, further supporting the optimistic narrative. 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 »

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 »

Bans on Wildlife Trade Gaining Steam

by Guest Blogger for John Campbell
An elephant walks through a swamp during sunset in Amboseli National Park, January 26, 2015. (Reuters/Goran Tomasevic). An elephant walks through a swamp during sunset in Amboseli National Park, January 26, 2015. (Reuters/Goran Tomasevic).

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

At the end of May the Chinese government announced that following a one year ban on ivory imports, it will “strictly control ivory processing and trade until the commercial processing and sale of ivory and its products are eventually halted.” If the Chinese are able to follow through, this could be one of the most important actions taken to end the illicit trade of Ivory that is contributing to the decimation of elephant populations in Africa (China is the largest market for elephant ivory). Read more »

Chicken Tax Strains U.S.-South Africa Relationship

by Guest Blogger for John Campbell
Representatives from various African nations gather at the opening session at the AGOA Forum during the U.S.-Africa Leaders Summit in Washington on August 4, 2014. ( Gary Cameron/Courtesy Reuters) Representatives from various African nations gather at the opening session at the AGOA Forum during the U.S.-Africa Leaders Summit in Washington on August 4, 2014. ( Gary Cameron/Courtesy Reuters)

This is a guest post by Nathaniel Glidden, intern for the Council on Foreign Relations Africa Studies program. He is currently pursuing a Master’s in International Affairs with concentrations in Development and Cities & Social Justice at The New School. Read more »