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June 22, 2012

China
Diamonds Are Forever in Zimbabwe

The Zimbabwean finance minister, Tendai Biti, has complained that that the Zimbabwean-Chinese joint venture diamond mining company Anjin failed to remit revenue to his ministry from its operations in…

An illegal diamond dealer from Zimbabwe displays diamonds for sale in Manica, near the border with Zimbabwe, September 19, 2010.

February 11, 2013

Sub-Saharan Africa
Where is Zimbabwe’s Diamond Revenue?

Zimbabwe’s public account is down to its last $217. The finance minister says the country’s finances “are in paralysis.” How can that be? Zimbabwe’s diamond fields at Marange could hold between two a…

Zimbabwe's civil servants sing and dance during their march to the Finance Minister's office and the Parliament for their salary raise in Harare, July 24, 2012.

September 11, 2014

Sub-Saharan Africa
Huge Diamond Mined in South Africa

Diamonds are associated with glamour and South Africa. The Cullinan Mine, east of Pretoria, is famous for diamonds of the huge variety, including the ‘Cullinan Diamond,’ at 3,106 carets, the largest …

Petra Cullinan Diamonds

February 13, 2013

Energy and Environment
New From CFR: John Campbell on Diamonds in Zimbabwe and Immunization in Nigeria

This week on his blog, CFR senior fellow John Campbell has highlighted two major African concerns: resource wealth and immunization. He first explores the question of what is happening to the income …

Nigeria-polio-vaccination-immunization-health-workers-attacked-boko-haram

October 3, 2014

Sub-Saharan Africa
De Beers Diamond Moves Sales Army from London to Botswana

For the past century or so, big mining corporations have pursued their operations in Africa, but their senior management, marketing, and sales have been in Europe or North America. That is changing. …

Botswana Diamond

April 6, 2006

United States
Rarely do I agree even a little with Larry Lindsey

But I do think Lindsey correctly highlights why the debate on whether the US economy as a whole benefits from low interest rates courtesy of China's central bank is rather beside the point, at le…

April 11, 2022

Nigeria
Nigeria’s Deepening Security Crisis Exposes Growing Reliance on Nonstate Actors

A rare positive note as Nigeria spirals into a state of lawlessness is the unintended return to the front burner of longstanding issues around governance at the subnational level. Until now, such issues have bubbled under the surface, receiving fleeting attention only when the country’s perennial crisis threatens to boil over, only to subside as soon as a temporary fix is found. Penultimate week, after still unidentified assailants opened fire on an Abuja-Kaduna train, killing eight passengers and kidnapping tens of others for ransom, Kaduna State Governor Nasir El-Rufai, emerging from a private meeting with President Muhammadu Buhari, threatened to do whatever it takes to protect lives and property across the state, including “importing mercenaries from outside the country to do it.”

Nigerian police officer sitting down being interviewed wearing police outfit.

June 14, 2022

Somaliland
Jendayi Frazer on the Search For Multilateral Consensus

Former Assistant Secretary of State for African Affairs of the United States Jendayi Frazer speaks about the evolution of U.S. policy toward Somaliland.

A woman wearing a hijab raises the Somaliland flag in the air while smiling

March 11, 2022

India
Besides China, Putin Has Another Potential De-dollarization Partner in Asia

Within two weeks of Russia’s invasion of Ukraine, the United States and its allies have collectively imposed a series of sanctions to isolate Russia’s financial system. Recent stringent Western sanctions are a stress test of Russia’s de-dollarization initiatives and an emerging nondollar financial system. Besides de-SWIFTing Russian banks, Western sanctions have targeted the assets of the Russian central bank and sovereign wealth funds, the Russian Ministry of Finance, and Russian oligarchs. These punitive measures effectively wiped out the thirty-year post-Cold War Western financial engagement with Russia. I have discussed a Russia-China de-dollarization partnership in the Foreign Affairs article titled The Anti-Dollar Axis. It seems that Putin’s Russia has more partners for de-dollarization in Asia, such as India.

Leaders of Russia, India, and China hold hands while posing for a picture wearing formal attire with their respective flags in the background.

October 31, 2019

Russia
Ill Winds: A Review

Renowned democracy expert Larry Diamond argues in his sweeping new book, Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency, that there are multiple major threa…

China's President Xi Jinping and Russia's President Vladimir Putin attend a signing ceremony during Shanghai Cooperation Organization (SCO) summit in Qingdao, Shandong Province, China on June 10, 2018.