Why the continent shouldn’t pick sides.
Some three decades since the end of the Cold War, the world order is undergoing a structural transformation. At the heart of it is the challenge posed to the hegemony of the US. This is primarily being led by Russia and China, which are discontented with Washington’s excesses across the global stage. The most recent example of this rebellion was the Russian invasion of Ukraine in 2022.
US fights for influence in Africa where China, Russia loom large Lastly, Africa is home to the fastest-growing youth population. This will be important in the search for future markets, particularly in sectors such as technology and education. The US and Europe are also keen to tap this human capacity as their own populations age above the global average. Many are looking to Africa as a source of inward migratory flows.
Germany woos Africa as Europe wrestles with China for influence Russia has pursued a different strategy. Given that its trade with the continent is at a minimum – exports and imports were around US$18 billion in 2021 – it has rather sought to become a security partner, drawing on sentimentalised Soviet history. Washington’s principal instrument for growing trade and encouraging good behaviour in Africa is the African Growth and Opportunity Act, set to expire in 2025. The framework is a lever.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New currency for South Africa, Russia and China in the spotlight this weekTalk of a new currency for South Africa and its BRICS partners is likely to kick up during the bloc’s annual summit this week.
Read more »
South Africa triumphant in the 2023 FIM Africa Motocross of African NationsZimbabwe and Zambia finished in second and third positions respectively.
Read more »
Here’s why many affiliate traders in South Africa are partnering with AvaPartnerMany South Africans, especially the younger generation, have turned to forex trading to bolster their income and enjoy unique opportunities, like forex affiliate marketing.
Read more »
Russia's Prigozhin posts first video since mutiny, hints he's in AfricaRussian mercenary chief Yevgeny Prigozhin posted his first video address since leading a short-lived mutiny in late June, appearing in a clip - possibly shot in Africa - on Telegram channels affiliated with the Wagner group on Monday.
Read more »
| South Africa commits to work closely with China for a shared futureAs China's president, Xi Jinping, attends the BRICS summit this week, the bilateral relationship between South Africa and its largest trading partner is expected to grow. In his weekly newsletter, President Cyril Ramaphosa notes the strength of this relationship and commits to working closely with China.
Read more »