JOURNAL ARTICLE

Mobutu-style economic nationalism returns: State officials led by Kashal Katemb are bent on restructuring company ownership in favour of Congolese business people.

  • Published In: Africa Confidential, 2024, v. 65, n. 7. P. 15 1 of 2

  • Database: Academic Search Ultimate 2 of 2

Abstract

The article focuses on recent political and economic developments in several African countries, highlighting challenges related to governance, international relations, and economic reforms. It details the European Union's financial agreements with Egypt, Tunisia, and Mauritania aimed at migration control and economic support, amid criticism over human rights safeguards and accountability. In Congo-Kinshasa, a resurgence of economic nationalism is pressuring foreign-owned businesses to cede majority ownership to Congolese nationals, raising concerns about the business climate and fiscal management ahead of IMF reviews. The piece also covers IGAD's renewed mediation efforts in Sudan's conflict, South Africa's African National Congress facing a corruption probe involving its National Assembly Speaker, and Zambia's progress in restructuring its international debt, a development closely watched by other indebted African states including Ghana.

Additional Information

  • Source:Africa Confidential. 2024/03, Vol. 65, Issue 7, p15
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • ISSN:0044-6483
  • Accession Number:176816600

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