Creston, is that strat you wrote up for Normal or Classic? Because the metagame on Classic is pretty ridiculous. Over half of the countries are at high panic levels after the first month. I'm on my fifth Classic Ironman playthrough and the metagame destroys me every time. Well, that and the ridiculous enemy crits.
Also, your recommendation of Africa for the base... I did the math and even with the 30% boost to monthly income, you'd still make less money than you would in Europe (assuming you have satellites in all its countries). Unless there's something I'm missing.