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 [...]
On Aug. 6, an appeals court in Chile suspended another electricity megaproject, marking the latest in a series of power-generation setbacks for the increasingly energy-starved nation. That same week, Rene Muga, general manager of the Chilean Electric Power Association, told an energy conference that power consumption in Chile will double by 2025, further calling into question how the country will respond to this increasingly critical need. Chile has struggled to meet rising electricity demand in the face of growing environmental concerns, and the suspension of the 740-megawatt, $1.4 billion Punta Alcalde thermoelectric plant raises questions about the long-term economic implications [...]
