Archive for ‘Eritrea’

19/02/2020

Mike Pompeo takes aim at corruption and Chinese investment in Angola

  • US secretary of state is eager to promote US investment as an alternative to China, which holds the lion’s share of Angola’s foreign debt
  • Isabel dos Santos, the former president’s daughter, became Africa’s richest woman but now stands accused of massive fraud
US Secretary of State Mike Pompeo in Luanda, Angola. Photo: Reuters
US Secretary of State Mike Pompeo in Luanda, Angola. Photo: Reuters

US Secretary of State Mike Pompeo denounced corruption and touted American business on Monday during the second leg of an African tour in Angola, where the government is seeking to claw back billions of dollars looted from state coffers.

Pompeo is aiming to promote US investment as an alternative to Chinese loans while assuaging concerns over a planned US military withdrawal and the expansion of visa restrictions targeting four African countries.

In Angola’s capital Luanda, Pompeo met with President Joao Lourenco, who took office in 2017 promising wide-ranging economic reforms and a crackdown on the endemic corruption that marked his predecessor Jose Eduardo dos Santos’ four-decade rule.

“Here in Angola, damage from corruption is pretty clear,” he told a group of businessmen following that meeting. “This reform agenda that the president put in place has to stick.”

Here in Angola, damage from corruption is pretty clear Mike Pompeo
Portugal’s public prosecutor has ordered the seizure of bank accounts belonging to

Isabel dos Santos

, the former president’s billionaire daughter, who is a suspect in an Angolan fraud investigation. Reputedly the richest woman in Africa, she has repeatedly denied any wrongdoing.

Angola, with Sub-Saharan Africa’s third-largest economy and its second-largest oil producer is ranked as one of the world’s most corrupt nations, in 165th place on a list of 180 countries, according to anti-corruption group Transparency International.

US oil majors ExxonMobil and Chevron have significant stakes in Angolan oilfields.

Last year, Chevron signed onto a consortium to develop Angola’s natural gas assets alongside Italy’s Eni, France’s Total, BP and Angolan state oil company Sonangol.

Mike Pompeo and his wife Susan greet Angola Foreign Minister Manuel Domingos Augusto in Luanda on Monday. Pool photo: AFP
Mike Pompeo and his wife Susan greet Angola Foreign Minister Manuel Domingos Augusto in Luanda on Monday. Pool photo: AFP
“We’ve got a group of energy companies that have put more than US$2 billion in a natural gas project. That will rebound to the benefit of the American businesses for sure, but to the Angolan people for sure as well,” Pompeo said.

Despite US investments, the bulk of Angola’s oil production is destined for China, which holds the lion’s share of Angolan foreign debt.

The Trump administration has accused China of predatory lending in Africa, where Beijing has loaned governments billions of dollars for infrastructure projects in exchange for access to natural resources as part of its Belt and Road project. China rejects the criticism.

With a revamped International Development Finance Corporation and its new Prosper Africa trade and investment strategy, the administration is seeking to combat Chinese influence on the continent.

But the push comes as some governments are questioning US President Donald Trump’s commitment to Africa.

Do Africa’s emerging nations know the secret of China’s economic miracle?

13 Oct 2019

The White House last month tightened visa restrictions on nationals from Sudan, Tanzania, Eritrea and Nigeria.

West African governments are also worried about a proposed US troop withdrawal from the region just as Islamist groups with links to Islamic State and al-Qaeda are gaining ground.

During the first leg of his African trip in Senegal on Sunday, Pompeo sought to put some of those fears to rest.

“We have an obligation to get security right here, in the region. It’s what will permit economic growth, and we’re determined to do that,” he told reporters.

Source: SCMP

26/06/2019

China, Africa eye a community of shared future via cooperation

CHINA-BEIJING-YANG JIECHI-SOUTH AFRICAN FM-MEETING (CN)

Yang Jiechi, a member of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and director of the Office of the Foreign Affairs Commission of the CPC Central Committee, meets with South African Foreign Minister Naledi Pandor in Beijing, capital of China, June 25, 2019. (Xinhua/Zhang Ling)

BEIJING, June 25 (Xinhua) — China on Tuesday vowed to work with African countries to enhance cooperation based on equality and openness to build a community of shared future.

That came as Chinese State Councilor and Foreign Minister Wang Yi addressed the opening ceremony of the Coordinators’ Meeting on the Implementation of the Follow-up Actions of the Beijing Summit of the Forum on the China-Africa Cooperation (FOCAC).

After reading Chinese President Xi Jinping’s congratulatory letter to the meeting, Wang said the letter fully expressed Xi’s profound friendship toward African countries and their people, and demonstrated the Chinese government’s strong willingness to engage in friendly cooperation.

In delivering on the blueprint for China-Africa cooperation in the new era, China stands ready to work with the African side in implementing promises with concrete and effective actions, and achieving full implementation of consensus and outcomes concluded at the FOCAC Beijing Summit, Wang said.

Wang also called for sticking to the fundamental purpose of building a community of shared future and the development path of jointly constructing the Belt and Road, upholding multilateralism, and safeguarding the common interests of developing countries and emerging markets.

“Any disturbance will not affect our resolve to enhance cooperation, and any difficulty will not hinder our joint advancement in achieving rejuvenation,” he said.

After the opening ceremony, Yang Jiechi, a member of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and director of the Office of the Foreign Affairs Commission of the CPC Central Committee, met with four foreign ministers from African countries, including Nabeela Tunis from Sierra Leone, Simeon Oyono Esono Angue from Equatorial Guinea, Naledi Pandor from South Africa, and Amadou Ba from Senegal.

Also on Tuesday, Wang Yi met with foreign ministers from Zimbabwe, Lesotho, Cote d’Ivoire, Equatorial Guinea, Ghana, Uganda and Libya, and an official on economics from Eritrea.

Source: Xinhua

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