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African Resources
Quest for African Resources
There is a map of the world on my office wall. What I like about this particular map is that the mapmaker paid particular attention to getting the scale right. That means Africa gets it proper gigantic sizing. It is truly a massive landmass.
It’s also fitting that it sits close to the center, because Africa is a big part of the future of natural resource exploration and production. In some sense, it’s retaking its historical pre-eminence. For instance, consider the former rich trading cities in the East.
Zanzibar, Dar es Salaam, Mombasa, Mogadishu, Mumbai, Mangalore……
29Jul2008 | Whiskey and Gunpowder | Comments Off | ContinuedThe Heart of Darkness: What’s Really Behind Asian Investment in Africa
As the home to 34 of the world’s 50 least-developed countries, Africa is the poorest and least-developed continent on the planet. It’s 11.7 million square miles of desert and jungle, with little in between.
Africa is malnourished, politically impotent, overrun with disease, and teeming with warlords, so it’s no surprise the typical life expectancy is 20%-30% below the global average.
Despite such a daunting outlook, Africa will be the most hotly contested battleground for the two of the world’s most influential powers over the next 50-100 years.
That’s because Africa has become a key economic priority for both India…
18Apr2008 | Money Morning | Comments Off | Continued
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