Making sense of Uganda’s 60,000 barrels per day oil refinery project

Seven years since  Uganda’s oil discovery and production has still not commenced. A two year deadlock, orchestrated by the Ugandan government’s resolve to have a refinery before production gets underway, as opposed to oil producing companies’ demand for a pipeline, partly explains the hold up. Continue reading

Kenya and South Africa vying to host a Yuan (RMB) Clearing House but is the time right for Africa?

As China’s influence on the global and African economies grows, so does the desire to internationalise the Yuan. The competition to host a Yuan clearing house among the Asian economy’s trading partners has grown stronger. There is little or no surprise that the RMB has moved up to 13th in the list of world payment currencies from 20th as of January 2012. Trade remains a fundamental driver of this influence as shown by the volume of her exports and imports in 2012 estimated at USD 2.0 trillion and USD 1.8 trillion respectively. While the EU and US remain the top importers of Chinese products, economic conditions and competition are forcing China to grow its trade ties with emerging economies as well as Africa. Continue reading

Could Africa’s resource boom and infrastructure projects unlock yet more decades of China’s rapid growth?

 

In the wake of declining growth prospects for the Chinese economy, could the resilient African continent support the economic boom has spanned over a decade? Continue reading