Equatorial Congo Airlines (ECair), which filed for bankruptcy in 2016, has signed a memorandum of understanding with South African company Allegiance ... Capital to restart its operations. Who is this partner? Where will the capital come from? Will the Congolese state’s support be enough?
The limelight may fall on France’s security investments in the Sahel, the Chinese companies building large infrastructure projects or the US energy giants spending billions on deep offshore oil projects.
But Africa’s partners are multiplying, and the figures are starting to add up. Turkey’s bilateral trade with Africa jumped from $5bn in 2003 to more than $23bn in 2018. Over the past decade, it adds up to almost $200bn.