Africa is not “poor,” it’s being looted – By Rasha B. Foda

On our watch and by our consent.

And it will continue to be looted until we each take responsibility for what our governments do in our names, through the vast and insatiable military industrial complex that is plundering the planet for profit.

Or, if we can’t regain control over our governments, then at least let’s take back control over ourselves. Boycott these companies. Shun their products like the plague. And let them descend into the pits of hell from where they came.

According to the International Monetary Fund, five of the world’s fastest growing economies will be in Sub-Saharan Africa. Africa is the world’s next big frontier market according to The Wall Street Journal, which also suggests the continent’s economy is projected to grow to $2.6 trillion, up from $1.6 trillion in 2008.

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Companies such as Coca-Cola and Exxon Mobil have made decade-long investments in the consumer-base and resources that the African continent boasts. But there are also some corporations just beginning to see the opportunity.

  1. IBM – Investment in new cloud centers across the Middle East and Africa ($1.2 billion total global investment in 15 different sites)
  2. Wal-Mart Inc – $313 million investment at the end of 2012 to build 40 stores (majority shareholder of South Africa’s Massmart)
  3. General Electric – Committed to bringing 5,000 megawatts of new energy to Tanzania and Ghana
  4. Procter & Gamble – $170 million dollar investment for a manufacturing plant in South Africa to serve consumers in Southern and Eastern Africa
  5. PricewaterhouseCoopers – 3-year staggered investment in key markets (announced in 2011
  6. Of course, this is in addition to the established suspects DeBeers, Shell, Anglo American (Ore), and Cargill, among others.
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