Africa: Great Powers’ Scramble for Africa Presents a Golden Opportunity


As the G7 grouping seeks a ‘new deal’ with Africa and China pursues its multibillion-dollar Belt and Road Initiative across the continent, regional governments must assert agency to ensure a people-centred approach to development investments.

Dr Ekeminiabasi Eyita-Okon and Dr Sizo Nkala are research fellows at the University of Johannesburg’s Centre for Africa-China Studies.

The Group of Seven (G7) comprising Canada, France, Germany, Japan, Italy, the United Kingdom and the United States held its semi-annual summit between 11 and 13 June 2021 in Carbis Bay in the UK. With a combined Gross Domestic Product (GDP) that makes up 45% of the global economy and making up the top 10 global exporters, top 10 United Nations donors and the top 15 of the countries with the highest per capita income, the G7 is an important global policy coordinating forum.

Held under the theme “Build Back Better”, the summit sought to chart a way forward in addressing the global health crisis caused by the Covid-19 pandemic, focusing particularly on the global vaccination roll-out which is the only path out of the pandemic. The countries also set their sights on managing the post-pandemic global economic recovery and committed to seizing the opportunity to…



Source link

You May Also Like