For those tracking the development (and high-level normalization) of ‘the new cold war,’ this week has been a doozy. U.S. President Joe Biden departed for the G7 summit in Cornwall with a rare bipartisan win in his pocket. His U.S. Innovation and Competition Act, a $250 billion bill aimed at countering Chinese competition in a number of hi-tech areas like semiconductors and robotics, passed with a 68-32 majority. Some predict that it could ...
Category: Special Economic Zones
A New Chinese-Built Road in Nigeria Highlights Why Infrastructure is So Important For Local People and, More Importantly, Politicians
Both truckers and workers are celebrating the opening of a new, modern road that leads to the Ogun-Guangdong Free Trade zone in western Nigeria. The recently opened road has dramatically improved transport times for cargo and made it much easier for thousands of workers to get to ...
Rise of Special Economic Zones in Africa: Can Agricultural Processing Be the Next SEZ Success Story?
By Sophia Kladaki and Jing Cai, Research Analysts at Development Reimagined “There is no one model of development” is one of the key principles, we, the team at Development Reimagined, try to champion when looking at key issues of economic growth ...
Reports of Arson Attacks Against Chinese Businesses in Nigeria and Arrest of Archbishop Protesting Treatment of Africans in Guangzhou Highlights Growing Tensions
Videos are spreading rapidly on Nigerian social media, purportedly showing hundreds of young men burning down Chinese-owned businesses and factories in the Ogun-Guangdong Free Trade Zone outside of Lagos in southwestern Nigeria. Although these videos were shot last week and posted ...
China Creates $5 Billion Export Fund with Bank in Morocco
China's Exim Bank announced plans to team up with Morocco's Attijariwafa Bank to create a $5 billion fund to promote African exports to China and to establish new industrial zones on the continent, according to a report published by Reuters. The ...
China's Special Economic Zones in Africa: Lots of Hype, Little Hope
A decade ago China announced it would develop a series of Special Economic Zones (SEZs) in Africa to boost trade and industrialization. Given the phenomenal success of China's SEZs that helped to spark the PRC's three-decades of history-making economic growth, not ...