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Why Africa Is Essential to America’s Future

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mwkruse
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US News and World Report: Why Africa Is Essential to America's Future

… So, yes, let us acknowledge these problems in Africa, and let us not be romantic about the opportunities that exist in Africa. Instead, let us be realistic about the opportunities, and the reality is that the opportunities for investment, trade, and economic development are almost limitless on the continent of 54 different nations. There are challenges in some places but extraordinary opportunity in other places.

Many parts of Africa are booming and they present the greatest growth opportunities in the world at this time. Accra is a boom town, emerging into a global city. Ghana itself is growing almost as fast. In the Sahel, next to a Mali is a Burkina Faso, which is becoming a regional hub of development and a trading center between Europe and Africa.

Southern Africa is full of promise and has a far more receptive business climate than in many parts of the world, and the work of the East Africa Community is beginning to open the nations of East Africa as important business destinations for the world.

The promise of Africa is recognized internationally by many nations. While we talk much about the Chinese in Africa, so too are the Indians, Malaysians, Japanese, the Arab nations, Turkey, Israel, the Russians, the South Koreans, the Brazilians, and of course the Europeans. Let us also not forget that when energy investment is taken out of the equation, South Africa is a larger investor in the rest of Africa than is the United States. …

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One response to “Why Africa Is Essential to America’s Future”

  1. Harley McKenson Avatar
    Harley McKenson

    I fully agree with this analysis and am convinced of the significance of building a climate conducive to the development of business relations between the United States and Africa, a continent that has already strengthened links with China, India and the rich countries of the Gulf region. While the world remained fixated on the Greek debt crisis and its effect on the more industrialized countries, Africa has been engaged in substantial reforms and restructuring over the past few decades, and has enjoyed the greatest economic growth than in any other part of the world. Today, Africa is considered as the final frontier for investment opportunities.
    Great efforts are being made to promote democracy, good governance and human rights in some countries. Ghana is today one of the most stable countries in the region and can hold itself up as an example of the democratic system. Mauritius, Tanzania and Mozambique have also embraced peaceful multiparty political systems. Botswana is considered as a model of parliamentary democracy and has high governance indicators. Namibia is generally celebrated as one of prime examples of democracy. Africa becomes more attractive place to invest than it was before.

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