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What’s next for U.S.-Africa relations under the Biden administration?

Wit­ney Schnei­d­man, a Brook­ings Africa Growth Ini­tia­tive non­res­i­dent fel­low, assess­es U.S.-Africa rela­tions under the Biden admin­is­tra­tion, dis­cuss­es how the next ver­sion of the African Growth and Oppor­tu­ni­ty Act might bet­ter sup­port U.S.-Africa trade, and offers rec­om­men­da­tions for enhanc­ing U.S. trade and invest­ment in the region. Relat­ed Con­tent Fore­sight Africa pod­cast is part of the Brookings…

Pandemic Creates New Billionaires as Global Inequality Rises 

Lon­don —  The world’s bil­lion­aires have increased their wealth by tril­lions of dol­lars since the begin­ning of the coro­n­avirus pan­dem­ic, while the world’s poor­est peo­ple are strug­gling with soar­ing prices and ris­ing debt, accord­ing to an analy­sis by char­i­ta­ble orga­ni­za­tion, Oxfam. As the glob­al busi­ness elite gath­er in the Swiss moun­tain resort of Davos for the…

China Is Doing Biden’s Work for Him

If Pres­i­dent Joe Biden’s trip to Asia—marked as it was by his com­ments on the defense of Tai­wan, announce­ments on a pro­posed new region­al trade pact, and meet­ings with lead­ers who exhib­it sim­i­lar lev­els of con­cern about a ris­ing China—has shown the per­sis­tence of Amer­i­can glob­al pow­er, it has also revealed some­thing of equal importance:…

Hawaii governor signs bill to protect student journalists

This sto­ry, plus Meta to give aca­d­e­mics and jour­nal­ists infor­ma­tion on polit­i­cal ad tar­get­ing, Fox to move into lifestyle con­tent and more, all in today’s media head­lines. Top Sto­ries May 23, 2022 May 23, 2022 May 24, 2022 Press & Gov­ern­ment May 23, 2022 Tele­vi­sion News May 23, 2022 Media Busi­ness May 23, 2022 May 23, 2022 Social Media May 23, 2022 International…

Somalia’s Newly Elected President Assumes Office

Mogadishu, Soma­lia —  Has­san Sheikh Mohamud offi­cial­ly took office in the Horn of Africa coun­try after a han­dover cer­e­mo­ny in Mogadishu. A week ago, Mohamud won the pres­i­den­cy after an intense elec­tion, defeat­ing Mohamed Abdul­lahi Mohamed, known as Far­ma­jo, in a third round of vot­ing. Has­san Sheikh Mohamud becomes the first ex-pres­i­­dent in Soma­lia to…

German Chancellor Scholz Kicks off Africa Trip in Senegal

dakar, sene­gal — 
Ger­man Chan­cel­lor Olaf Scholz said his coun­try is inter­est­ed in a major gas exploita­tion project in Sene­gal as he began a three-nation vis­it to Africa on Sun­day that also is focused on the geopo­lit­i­cal con­se­quences of the war in Ukraine.
Sene­gal is believed to have sig­nif­i­cant deposits of nat­ur­al gas along its bor­der with Mau­ri­ta­nia at a time when Ger­many and oth­er Euro­pean coun­tries are try­ing to reduce their depen­dence on import­ing Russ­ian gas.
“We have begun exchanges and we will con­tin­ue our efforts at the lev­el of experts because it is our wish to achieve progress,” Scholz said at a joint news brief­ing with Sene­galese Pres­i­dent Macky Sall.
The gas project off the coast of Sene­gal is being led by BP, and the first bar­rels are not expect­ed until next year.
This week’s trip marks Scholz’s first to Africa since becom­ing chan­cel­lor near­ly six months ago. Two of the coun­tries he is vis­it­ing — Sene­gal and South Africa — have been invit­ed to attend the Group of 7 sum­mit in Ger­many at the end of June.
Par­tic­i­pants there will try to find a com­mon posi­tion toward Rus­sia, which was kicked out of the then-Group of Eight fol­low­ing its 2014 seizure of Crimea from Ukraine.
Lead­ers at the G‑7 sum­mit also will be address­ing the threat of cli­mate change. Sev­er­al G‑7 coun­tries, includ­ing Ger­many and the Unit­ed States, signed a ‘just ener­gy tran­si­tion part­ner­ship’ with South Africa last year to help the coun­try wean itself off heav­i­ly pol­lut­ing coal.
A sim­i­lar agree­ment is in the works with Sene­gal, where Ger­many has sup­port­ed the con­struc­tion of a solar farm.
Ger­man offi­cials also said Scholz will make a stop in Niger, a coun­try that like its neigh­bors has long been bat­tling Islam­ic extremists.
Ear­li­er this month, the Ger­man gov­ern­ment backed a plan to move hun­dreds of its sol­diers to Niger from neigh­bor­ing Mali. The devel­op­ment comes amid a deep­en­ing polit­i­cal cri­sis in Mali that prompt­ed for­mer colo­nial pow­er France to announce it was with­draw­ing its troops after nine years of help­ing Mali bat­tle insurgents.
Ger­many offi­cials say their deci­sion also was moti­vat­ed by con­cerns that Malian forces receiv­ing EU train­ing could coop­er­ate with Russ­ian mer­ce­nar­ies now oper­at­ing in the country.
Ger­many, though, will increase its par­tic­i­pa­tion in a U.N. peace­keep­ing mis­sion in Mali, pro­vid­ing up to 1,400 sol­diers. The Cabinet’s deci­sions still need to be approved by parliament.
Niger is also a major tran­sit hub for ille­gal migra­tion to Europe. Peo­ple from across West Africa con­nect with smug­glers there to make the jour­ney north­ward to attempt the dan­ger­ous trip across the Mediter­ranean Sea.

How currency sanctions on Russia could disrupt trade with Africa

Intro­duc­tion Finan­cial sanc­tions tend to hurt both the sanc­tioned and the sanc­tion­er, but they also threat­en to hurt coun­tries that are finan­cial­ly inter­linked with the sanc­tioned coun­try. Recent sanc­tions levied on Rus­sia by the Unit­ed States and the Euro­pean Union in response to Russia’s inva­sion of Ukraine are dis­rupt­ing glob­al trade and finan­cial net­works across…

African leaders to attend 2022 World Economic Forum in Davos — CGTN

FILE PHOTO: A man sil­hou­ettes in front of the logo of the World Eco­nom­ic Forum in Davos, Switzer­land, Sun­day, Jan. 19, 2020. (Photo/Markus Schreiber,file)

FILE PHOTO: A man sil­hou­ettes in front of the logo of the World Eco­nom­ic Forum in Davos, Switzer­land, Sun­day, Jan. 19, 2020. (Photo/Markus Schreiber,file)

African pres­i­dents are expect­ed join the world’s polit­i­cal and busi­ness elite in Davos, Switzer­land, for the World Eco­nom­ic Forum’s Annu­al Meet­ing that starts today and is expect­ed to run until May 26.The 2022 meet­ing is the first in-per­son meet­ing since the start of the COVID-19 pandemic.Happening under the theme of His­to­ry at a Turn­ing Point: Gov­ern­ment Poli­cies and Busi­ness Strate­gies, the meet­ing will have 200 ses­sions attend­ed by more than 2,500 lead­ers and experts.Some of the African lead­ers that have con­firmed atten­dance include Malawi Pres­i­dent Lazarus Chak­w­era, Zim­bab­we Pres­i­dent Emmer­son Mnan­gag­wa, Namib­ia Pres­i­dent Hage Gein­gob and Rwan­da Pres­i­dent Paul Kagame.The Forum is expect­ed to place focus on the ongo­ing con­flict in Ukraine.The 2022 forum will also have pan­els on a host of oth­er issues, includ­ing cli­mate change, ris­ing ener­gy prices, glob­al sup­ply chain prob­lems, gen­der inequal­i­ty and poverty.