When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Tag: Hostages
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Week in Review: Hostages Rescued in Mali, Rwandan Agribusiness & Nigeria Joins AIIB
Malian security forces on Monday rescued three Chinese nationals kidnapped by unknown assailants after the trio escaped their captors over the weekend. The three construction workers and two colleagues from Mauritania were seized on July 17. While the Mauritanians were freed 10 days later, the Chinese were held ...
Week in Review: Shipping, Share Prices and Strikes
Islamic militants released two Mauritanians kidnapped earlier this month in Mali but there's no word on the three Chinese construction workers who were abducted in the same raid. The militants provided no explanation for Wednesday's release or any other information on the ...
Week in Review: Chinese Hostages Freed in Nigeria & China Cuts Oil Buys From African Suppliers
Chinese defense contractors are making further inroads into the Angolan market. The state-owned China National Aero-Technology Import & Export Corporation (CATIC) signed an $85 million deal to provide the Angolan defense sector with a “supply of equipment, military means and assistance services.” CATIC is already a big player ...
Someone Paid a Huge Ransom to Free the Crew of Chinese Fishing Vessel Taken Captive in the Gulf of Guinea
The Nigerian Navy reports that the crew of a pirated Chinese fishing vessel was recently released following the payment of a $300,000 ransom. The crew had spent a month in captivity The 14-member crew, including six Chinese nationals, was kidnapped off the ...
The Chinese Quagmire in Sudan
As fighting between the rival Sudans resumes and an all-out civil war appears increasingly likely, China is seemingly stuck in the middle without a clear plan. Despite its best efforts to calm the situation through mediation, Beijing has ...