In recent years, we have witnessed a growing scramble for Africa by the big global players, each trying to become the best partner of the world's poorest continent.
It started with the US, which introduced the African Growth and Opportunity Act- a trade initiative aimed at boosting Africa's economy through trade.
Then China, which has become a strong trading partner with Africa, followed suit. Last year, it was Europe, which hosted the EU-Africa summit in Lisbon.
This week, India is hosting the Indo-African meeting, which focuses on boosting trade ties.
Fourteen African heads of state and regional groups converged in New Delhi for the inaugural meeting of an Africa-India Forum Summit organised by the African Union (AU) and the Indian Government.
The question is: Why Africa now? While it is a good thing for Africa to attract foreign powers, African leaders must tread carefully to avoid being dragged into shady deals at the expense of their people.
Though poor, Africa's abundant natural resources are the major attraction for the developed countries. African leaders must not blindly encourage the new scramble.
Comments Post a comment