African Summit with Russia

[ralfy]

"One facet of neo-colonialism and colonialism was Africa being confined to producing only raw materials, crops, like coffee, and minerals. I can give you an example: the global business for coffee is worth $460 billion. That is the value of the coffee business in the world. But of those $460 billion the coffee producing countries of the whole world share only $25 billion and Africa shares only $2.4 billion out of $460 billion.

This issue is the biggest stunting factor why the African economies are stunted; they do not grow, because all the value is taken by other people. Germany earns more from coffee than the whole of Africa. Germany earns $6.85 billion from coffee, while Africa earns only $2.4 – 2.5 billion. This is the big scandal.

 

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“Why is Africa — with so many resources — the poorest continent in the world with the highest levels of famine? It is necessary that the heads of African states do not behave like puppets in relations with imperialists. We must ensure the self-sufficiency of our countries and meet all the needs of our peoples. Victory to our peoples. Thank you, comrades. Homeland or death.” — Ibrahim Traoré, President of Burkina Faso

 

[ralfy]

Eritrea President Isaias Afwerki: "They are printing money. They are not manufacturing anything at all, it's printing money. This has been one of their weapons globally - the monetary system... sanctions here, sanctions there... We need a new financial architecture globally."

 

[ralfy]

Eritrea President AFWERKI: "Ukraine is a sacrifice... this is not a war between Russia and Ukraine. [The West] wants to defeat Russia so they can hegemonize everything."

 

[ralfy]

Eritrea President Afwerki: "The EU will not get out of intensive care, these are systems that are crumbling. It's only a matter of time. The world should be ready not to defend Russia, but to stand with Russia so these hegemonistic systems will not prevail"

 

[anatta]

they should be happy with the One Belt One Road debt trap China will offer them for infrastructure development

 

[ralfy]

they should be happy with the One Belt One Road debt trap China will offer them for infrastructure development

Related:

The Chinese ‘Debt Trap’ Is a Myth

The narrative wrongfully portrays both Beijing and the developing countries it deals with.

www.theatlantic.com

 

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[anatta]

Related:

The Chinese ‘Debt Trap’ Is a Myth

The narrative wrongfully portrays both Beijing and the developing countries it deals with.

www.theatlantic.com

excellent research.. very detailed ... and it shows why decoupling/derisking from China isn't as important as a competing country to get it's economic house in order. Which the USA does not have at this point

https://www.bis.doc.gov/index.php/c...istical-analysis-of-u-s-trade-with-china/file
Section I: Census Data China Trade Trends
U.S. Trade with China
2022
In 2022, both U.S. exports to China and imports from China continued to grow for a third year in a row. U.S.
exports totaled $153.8 billion, an increase of 1.6% ($2.4 billion) from 2021; U.S. imports from China totaled
$536.8 billion, an increase of 6.3% ($31.8 billion); and the trade deficit with China was $382.9 billion, an
increase of 8.3% of ($29.4 billion).

 

[Rogue Valley]

Kremlin blames west for small number of leaders due at Russia-Africa summit

Ukraine war and grain deal exit loom over forum that could be ‘make or break for Putin’ in courting Africa

www.theguardian.com

 

[ralfy]

 

[joluoto]

Most of the meeting was African leaders asking Russia to go back to the Turkish grain deal.

 

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Related:

 

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