International Viewpoint - online socialist magazine

The looters' ball in Africa

Paul Martial — 2024-12-26T14:08:14Z

This was US President Joe Biden's first and last trip to Africa, just a few weeks before the end of his mandate. His visit to Angola at the beginning of December was not insignificant, as the country is the centrepiece of a major investment for the USA and the European Union (EU): the Lobito Corridor. The Lobito Corridor project, from Zambia to Angola, is part of a heightened inter-imperialist competition for control of Africa's critical resources.

- IV599 - December 2024 / United States (USA), Democratic Republic of Congo, European Union, Zambia, Angola

Mobilizations against the established order in Angola and Nigeria

Jean Nanga — 2020-12-26T09:53:59Z

In October 2020, starting on the sixtieth anniversary of its independence (1 October 1960), Nigeria experienced almost two weeks of mobilization of the movement against police violence, #EndSARS, made up mostly of young people. While in Angola, after a demonstration against corruption in October, on the very day of the 45th anniversary of independence (11 November 2020), young people took to the streets, demonstrating once again their anger over their social relegation. These mobilizations (…)

- IV551 - December 2020 / Nigeria, Angola

Africa: plummeting commodity prices might lead to a new debt crisis

Éric Toussaint — 2015-01-20T11:38:24Z

In 2014, Rwanda and Ethiopia, two of the world's poorest countries, sold public debt bonds on the financial markets of the most industrialized countries. While still unstable after civil wars and with debt payments suspended hardly three years ago, the Ivory Coast also managed to find private lenders willing to buy those securities. This was unprecedented in the last 30 years. Kenya and Zambia also issued debt securities.

- IV480 - January 2015 / Economy, Africa, Nigeria, Ethiopia, Kenya, Debt, Rwanda, Zambia, Angola