Tuesday
February 25
2020

How Africa Hopes to Gain From the ‘New Scramble’

By Dickens Olewe

In recent years Africans have become used to seeing their leaders accumulate air miles while honouring invitations to attend a series of Africa-themed summits held around the world, often advertised as win-win partnerships.

Last year, Japan, Russia and China hosted African presidents and heads of government; last month 15 African leaders attended the UK-Africa Investment Summit in London, and invitations have probably already been sent for similar events reportedly planned in France, Saudi Arabia and Turkey this year.

A mixture of the continent’s rich mineral resources, unexploited agricultural land, its influential 54 votes at the UN, stemming a growing threat of Islamist militancy, economic immigration, and anxiety, some say racist, about its burgeoning population, are among the issues behind this renewed interest.

Photo courtesy of jbdodane.

Source: BBC News (link opens in a new window)

Tags
economic development, emerging markets, global development