a few weeks ago I published an article, reflecting in brief statements which haven been made by popstar and Africa-activist Bob Geldof. Some of you might have read the article via our newsletter (subscribe here).
During the month of August I present you a few more in-depth thoughts on the topic “Africa – an economic giant?”, reflecting another three statements. Today I continue with the fourth of a total of five statements.
Investments lead to economic growth and to a better infrastructure. Africa does not primarily need help. It needs investments. China, however, is not tolerating unions. Europe’s biggest mistake is that they see Africa as a “case”, not as an opportunity.
Where, do you think, are the biggest opportunities for African countries in trading goods with Europe?
And here is my answer:
Raw materials represent perhaps the biggest opportunity – oil, minerals and agricultural products.
With the population explosion in our world, and with a strong economic growth in developing countries such as China, India and Brazil, the raw materials shortage is becoming more and more acute, also for Europe and the US. Rapidly increasing prices is the result. This leads to great opportunities for Africa!