Why The U.S. And China Are Investing In Africa
The US just pledged $14 billion to invest in African businesses and infrastructure, while China has been doing so for years. Here's why both are betting on Africa as the next big global market....
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8 African nations are currently involved in serious armed conflicts. Africa also has 17 of the 20 poorest nations in the world and an Ebola outbreak. Yet despite all of that, at the African Summit recently held in Washington DC President Obama announced a $14 Billion dollar commitment to Africa from various US corporations. This isn’t money going toward humanitarian aide or economic relief. It will be spent by US businesses to set up opportunities and infrastructure with the sole goal of expanding into new African markets. So, is Africa a poor war torn continent with huge problems like disease? Or is it the next boomtown for savvy business people? Well, it’s really not that simple. The economic standing and political stability of African nations vary...
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8 African nations are currently involved in serious armed conflicts. Africa also has 17 of the 20 poorest nations in the world and an Ebola outbreak. Yet despite all of that, at the African Summit recently held in Washington DC President Obama announced a $14 Billion dollar commitment to Africa from various US corporations. This isn’t money going toward humanitarian aide or economic relief. It will be spent by US businesses to set up opportunities and infrastructure with the sole goal of expanding into new African markets. So, is Africa a poor war torn continent with huge problems like disease? Or is it the next boomtown for savvy business people? Well, it’s really not that simple. The economic standing and political stability of African nations vary...
