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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27 Feb 2017