Opinion

The Big rush for Africa`s oil and gas resources Part 2


Africa after the colonial land grab has become stingy in finding investments.Former colonial powers never intended to develop not only Africa but its former colonies worldwide.So how do Africa perform in the light  of global technology ,data technology  and a booming population which in the  20 years can be three billion ?.Sure its a market for investments conducive as more technocrats will be prime ministers ,presidents and even kings.The teething problems is where to begin and how do leaders of the new african elite grasp the development of the countries.

Let`s reflect on a positive note for the last 35 years where I  am deeply moved when my thoughts rumble  according to my arithmetic analysis.According to lash talk  ,african countries received  four trillion dollars in selling  their  commodities (gold,diamomds,aluminium,oil,gas,coco,tea ect).

However in my analytical mind that this amount  could  be  eight times  higher. The tragic phase is that only 20% of african nations are commodities active and you have to take it with a pinch of salt.

Barking up  the wrong tree that is what most of the world nations are doing.Money is the problem and a BIG problem .If we should count  how many prime ministers,presidents and political elite made a pilgrimage to China for " aid,financial help,investments,advice ect " is alarming.

Whats drives humour in these news feeds here, is there is no geographic discrimination. 

It might  be infant ludicrous reading in the press that the governments of Britain,Spain,Germany,Mexico,Brazil,South Africa,Nigeria,Laos even Russia  ect  trying to convince that Beijing should invest,lend them billions of money .It is judicialy wise that China looks at these pilgrimages  by the world elite  as a game changer underling that we  come in good faith for mutual benefits .

Beijing knows thats its trillions in the reserved bank of China is only for its people,engulfing planning, bigger infrastructures,health,schools and employment.

China African Card

Mao Zedong  and repeated by Deng Xiaopeng that Africa is where we can survive and find people who can understand China.So here we come to the Political Oil Push a slay of words that can play on both sides.It`s easier in Africa to sway a government  to your beliefs than any private company.Don`t get me wrong ,China got plenty of oil  from different sources(Russia,Kazakstan,Middle East, Africa ) so where the motivation for China in the African context.Beijing really wants it foot in the door,before the USA,Russia,Middle East,Japan ect decides to move their production  to Africa.China as I pointed out  needs more land to accommodate it huge  population and not highlighting that water and agricultural sources are running out.Leasing land from its bigger neighbour Russia is out of the question.Chinese mobile youth and pensioners need warm climates where also there scientific manufacturing knowlege could  be a necessity. What i do not know if  the oil push will really benefit the host country.

In our next topic I will write about :
How are oil contracts  formed  and where has the money gone Part 3



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