Dear reader
recently, in connection with our monthly newsletter (subscribe now), I published an article, reflecting in brief statements which haven been made by popstar and Africa-activist Bob Geldof.
During the coming days (and/or weeks) I will present you a few more in-depth thoughts on the topic “Africa – an economic giant?”, reflecting five statements. Today I start with statement one.
1. Statement
Europe and the US are considering Africa to be a case for continuous help and support; media are establishing the image of an infantile foster child who needs help.
Why is Europe not noticing the economic opportunities?
My answer:
The situation is certainly not as extreme as stated above. A company such as Swiss-based Nestlé, for instance, has been investing heavily in Africa, and has focussed on Africa for a long time. European, North American and Brazilian companies have been and are investing in oil and minerals.
Leading shipping companies, such as Maersk Lines of Copenhagen, Denmark (World’s No 1 in container shipping) are heavily involved, non-the-least though its South African subsidiary Safmarine, and so on. Commercial ties between Africa and Europe as well as the US are stronger than ever.
Kind regards,
Peter Lorange