2 October 2018

Africa: Australia Seeks More Deals in Africa

Australia is looking to increase its business footprint in Africa, aided by a new look foreign policy that emphasises partnerships with mutual benefits.

Australia recently held an Africa Week in Perth, where it announced that it will push for mining, trade, education and cultural exchanges and technological advancement programmes in the coming years.

With the USA, UK, China and India all making huge financial offers for projects, Australia is touting joint ventures.

To begin with, it intends to share its technology with African countries that have mineral resources.

The mining sector, it is argued, holds the key for important technological developments; for instance renewable energy, battery storage and communication technologies all rely on a robust mining sector to provide the raw materials.

"We are hoping to create greater economic and social opportunities for African countries, and the people living in them. These opportunities can be made easier and more accessible through the increased access to technology that the world is creating," said Western Australia's mineral minister Bill Johnson.

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