Category Archives: Business

China: US malicious worries for Africa

A while ago I came across a book of which title was ‘If China had discovered America’.

One plausible hypothesis from that would be for example that instead of writing these lines in English and from London I would possibly be doing that in Chinese and based somewhere in China.

The global metropolis the world would be attracted to would be Beijing, Guangzhou or Shanghai and not Paris, New York or Rome.

Of course, most of the street signs we read in English in the Anglo-Saxon countries would be mainly if not all written in Chinese.

A recent surprise though was to see in London buses covered with ads written only in Chinese without any English word to tell people what these unusual signs meant apart from like pointing to the British public on such script as ‘We are Chinese. We have landed.’ Continue reading

The African Challengers

Pessimism that Western media has for decades associated with the African continent has started giving room to optimism, particularly in the light of how poorly developed countries are performing economically since a number of years now. The financial crisis of 2008 which impacted seriously on the capitalism system has not gone away yet. In addition, excessively indebted public coffers across Europe and US are persistent evidence of a lack of a definitive solution to structural issues at stake.

In 2010, Boston Consulting Group [BCG] did a survey of African businesses which were standing out against the odds. The firm called them The African Challengers. They tell a different story of what is happening on the continent that negative propaganda continues to spread out. BCG identified forty companies [see list below], whose annual sales range from $350 million to $80 billion. They display a strong growth, an international footprint, and ambitious plans to further expand overseas.

Algeria: Cevital,Sonatrach; Angola: Banko Africano de Investimentos, Sonangol; Egypt : Al Ezz Group, CIB, EFG-Hermes, Egyptair, Elsewedy Cables, Orascom Telecom, Orascom Construction Industries; Morocco: Attijariwafa Bank, BMCE Bank, Maroc Telecom, Office Cherifien des Phosphates, ONA Group, Royal Air Maroc; Nigeria: Dangote Group, United Bank of Africa; Togo: Ecobank; Tunisie: Groupe Elloumi, Poulina Groupe; South Africa: Allied Electronics, Anglo American, Aspen Pharmacare, Bartoworld, Bidvest Group, Datatec, Imperial Holdings, MTN Group, Murray & Roberts, Naspers, Old Mutual, SAB Miller, SAPPI, Sasol, Spoprite, Standard Bank Group, Steinhoff International, Vodacom.

China and Africa trade relations: Are we heading towards a neo-colonialism ‘Made in China’?

By Patrick Mbeko

The author of this essay describes the incumbent state of the economic and commercial relations between China and Africa. He goes on explaining what will probably happen if the appearing unbalance in the relationship is not reviewed rapidly, particularly on the African side. Some negative aspects in the prevailing and increasing trade have already emerged and are singled out.

China will forever be a friend, partner and brother to Africa! ‘, such are the remarks of the Chinese President Hu Jintao at the China – Africa business summit, which took place in 2006, during which the Chinese head of state stressed the need to establish a ‘win-win’ economic partnership and strengthen political relations with Africa. It must be said that unlike the West, China has no prior occupation or colonial wars, to be forgiven for; arguments that often come up in the speeches of Chinese leaders are well straightforward: China works to develop and expand a new type of strategic partnership with Africa, characterized politically by equality and mutual trust, cooperation being conducted in a ‘win-win’ spirit in the sectors of the economy and strengthening cultural joint programs. Continue reading