Following a decade-long oil and mining boom, Colombia is facing the challenge of how to harness its energy wealth and push development forward. Since former President Alvaro Uribe opened up Colombia’s oil and mining sectors in the early 2000s, Colombia has gone from producing just more than 500,000 barrels per day (bpd) in 2002 to nearly 1 million bpd in 2012. Over the same period, it has seen foreign direct investment inflows jump from $2.1 billion to $15.8 billion, more than half of which was destined for the oil and mining sectors last year. Some 68 percent of Colombia’s $369 [...]
The Afghan government and its international supporters have long viewed the estimated $1 trillion to $3 trillion worth of natural resources thought to lie beneath Afghanistan’s rugged landscape as being among the country’s best prospects for economic independence. But hopes of developing Afghanistan’s extravagant array of natural resources—including world class deposits of iron, gold, copper, lithium and lucrative rare earth metals—are in serious jeopardy. Wavering international investors, Afghanistan’s unresolved and contested new draft law concerning resource extraction and the political uncertainty associated with next year’s presidential elections and substantial NATO drawdown risk dashing efforts to transform Afghanistan into an economically [...]
In late-August, Kenya, Rwanda and Uganda decided to accelerate their integration under the regional body the East African Community (EAC) without involving EAC member state Tanzania, potentially signalling the emergence of a two-speed East African integration process. In an email interview, Stefan Reith, head of the Tanzania office of the German political foundation Konrad-Adenauer-Stiftung, explained the progress to date of East African integration and the obstacles to its implementation. WPR: What steps has the East African Community taken so far toward greater political integration? Stefan Reith: Unlike other African regional integration mechanisms like the Southern African Development Community, the Common [...]
