BRACE YOURSELVES, CONFLICT IS COMING
As east Africa braces itself to reap in the benefits of the newly found oil resources, side-deals will brew an unwelcome distraction when it comes to who will benefit the most.
The China story
Despite strong growth in domestic production, Chinese import dependence has been growing fast, prompting the formulation of a “two-way strategy” predicated on expanded investment in exploration and production capacity in China; and on outward foreign direct investment (FDI) in mine production and, failing that, long-term...