The search for status, or more correctly, the desire to maintain status, lies at the heart of the Republic of China on Taiwan's (ROC) foreign policy. This is particularly so vis-à-vis its official state-to-state relations. In this regard, the ROC has been constrained by a conscious policy by the People's Republic of China (PRC) to try and marginalize Taiwan on the international stage. Due to objective realities, Taiwan has had to become satisfied with maintaining official state relations with small states only. All, with the exception of the Vatican, are in the developing world, with a number in Africa. This paper examines Taiwanese foreign policy and its diplomatic initiatives, with particular reference to its use of 'dollar diplomacy' in its activities in Africa. The constraints and limitations of such policies are drawn out.