Word: africas
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
According to local lore, Portuguese travelers as far back as the late 19th century suspected that oil might lie beneath parts of East Africa after noticing a thick, greasy sediment wash up on the shores of Mozambique. More interested in finding cheap labor, though, the explorers had little...
...century later, it turns out that the Portuguese were right. Seismic tests over the past 50 years have shown that countries up the coast of East Africa have natural gas in abundance. Early data compiled by industry consultants also suggest the presence of massive offshore oil deposits. Those finds have spurred oil explorers to start dropping more wells in East Africa, a region they say is an oil and gas bonanza just waiting to be tapped, one of the last great frontiers in the hunt for hydrocarbons. "I and a lot of other people in oil companies working in East...
...Although the aura of Zheng's expeditions may somehow bolster China's budding soft power, it's unclear what lasting impact the visiting fleets had on medieval Africa. No durable trade ties were left in place. And while stories linger in Kenya's Lamu archipelago of a light-skinned community descended from shipwrecked Chinese sailors, the population there retains no trace of Chinese customs or language. "Not much endured beyond the legend," says Sautman. Indeed, scholars like Wade suggest the voyages themselves were something of an "aberration" in the wider context of Chinese foreign policy in that era, which...
...total annual trade between Africa and China has surpassed $100 billion, Beijing has won its fair share of admirers too, not least among them many Africans whose quality of life has been improved by an influx of cheap Chinese household goods. China has also established a network of "Confucius Institutes" in various African cities to disseminate Chinese culture, while more and more African exchange students are attending Chinese universities. A flotilla of Chinese warships is part of an international operation attempting to curb piracy off the shores of Somalia. "This discussion of Zheng He is being carried out in China...
...expected to commence work in July. It won't be alone - last year, following a visit to Kenya by Chinese President Hu Jintao, a Chinese state petroleum company won concessions to explore more than 100,000 sq km of Kenyan waters for oil. That will be theirs too. Africa, after all, holds more for China these days than just exotic animals...