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Countries in Africa reject Belt and Road deals

Tanzania is expanding its port at Dar es Salaam (above), rather than build a new port at Bagamoyo. (© Igor Grochev/Shutterstock)   By : Leigh Hartman   An airport in Sierra Leone and a port in Tanzania — both projects are part of China’s global Belt and Road Initiative, and both countries …

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U.S. and Guatemala sign Asylum Cooperation Agreement

(© Shutterstock)   By :  ShareAmerica / IENA-NEWS   The United States and Guatemala recently completed negotiations on an asylum agreement to discourage dangerous illegal migration through the region. The Asylum Cooperation Agreement, when it enters into force, will allow the United States to transfer people seeking asylum in the United …

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U.S. oil boom breaks records

By :  ShareAmerica / IENA-NEWS     The United States leads the world in crude oil production and continues to set new records. The U.S. produced an average 12.2 million barrels of crude oil per day in April. That marked the first time monthly oil production surpassed 12 million barrels per day, according to …

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Investing in women builds countries

White House adviser Ivanka Trump, center-left, meets with women in Côte D’Ivoire in 2019. The country is one of 22 involved with a women’s development program. (© Issouf Sanogo/AFP/Getty Images)   By : Lauren Monsen.   Some 100,000 women in 22 countries will get training or investment to help them …

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What has China done for the Americas? Look to Venezuela.

A worker collects a crude oil sample at a well operated by Venezuela’s state oil company in 2011. Venezuela’s wells have run dry under the Maduro regime. (© Carlos Garcia Rawlins/Reuters)   By : ShareAmerica / IENA-NEWS   “Chinese lending has helped destroy what was once one of the region’s …

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How the U.S. helped Togo increase its electricity generation

The 100-megawatt Lomé thermal power plant, built with U.S. support (OPIC)   By : Olufemi Terry   Just 10 years ago, Togo depended heavily on its neighbors for electricity and suffered frequent blackouts. As a result, the country’s economic growth and development were lagging, which in turn affected the health, …

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New York Stock Exchange welcomes Africa’s first ‘unicorn’

Jumia co-CEO Sacha Poignonnec, left, applauds as Jumia Nigeria CEO Juliet Anammah, center, rings the opening bell at the New York Stock Exchange on April 12. (© Richard Drew/AP Images)   By : Emily Louise Bowman   Nigerian-based online retailer Jumia became the first African tech startup to be publicly …

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Disease-detecting drones in the wine industry

Arcadie Fosnea, owner of the Mircesti Winery in Moldova, uses a drone to survey vines and detect disease before it spreads. (Colby Gottert for USAID)   By : ShareAmerica / IENA-NEWS   It’s the off-season at Moldova’s Mircesti Winery, but Silvia Ganciariuc is hard at work in the fields, pruning …

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Don’t get caught in China’s Belt and Road debt trap [video]

By : ShareAmerica / IENA-NEWS   As China expands its Belt and Road Initiative, countries should be wary and examine the record of previous investments. Though China promises billions of dollars in infrastructure loans and economic development, the risks and costs associated with China’s Belt and Road include excess debt, …

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The effect of corruption on business

الفساد

By : Leigh Hartman.   In business, corruption can affect everything from licenses to contracts to lawsuits. Corruption means that business deals often contain hidden prices, competition is not what it seems, and partnerships are chosen for the sake of expediency rather than quality. And, ultimately, if corruption is rampant there …

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