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Economy

In Their Shoes: Making 'Made In Africa' Both Posh And Profitable

The “100% Made in Africa” sneaker company Sawa is struggling to keep its brand in Africa, faced with corruption and consequences of the Arab Spring. But the touch of local handcraft combined with cheap labor is loaded with potential.

Making the leap, into Made in Africa sneakers
Making the leap, into Made in Africa sneakers
Dominique Chapuis

Manufacturing in Africa is no walk in the park.

The three founders of the sneakers brand Sawa have also learned the differences in the difficulties, depending on which African country you're doing business in. Beginning in 2009, the shoes were produced in Cameroon, but production was relocated to Ethiopia in May 2011.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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