$this->bbcode_second_pass_quote('Jotapay', '
')I've actually been there before and done further research planning future trips. The fact that anyone could think Africa is the place to be is lunacy, in my opnion.
And I don't watch Fox News.
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THE Africa Thread (merged)
Re: Africa boom amidst global gloom
by lorenzo » Tue 14 Oct 2008, 18:04:21
Well, perhaps it's just because you're not really swift then.
Who has the biggest reserves of cash on the planet? Indeed: China, Russia, Brazil, India and a host of Middle Eastern countries.
Who's investing hundreds of billions into Africa? Exactly, these countries.
Where do you find the fastest growing economies on the planet? All in Africa.
Where do you find the fastest growing per capita incomes on the planet? All in Africa.
Don't forget that per capita incomes in Africa are actually higher than those in South and South East Asia. Few people know this.
Don't forget that there's a huge lower middle class growing in these countries.
Don't forget that Africa controls some of the most critical natural resources on the planet, nowhere else to be found in such abundance.
Don't forget that production costs of major streams of goods are rising in Asia and that factories are already moving to Africa, en masse (e.g. textile).
Don't forget that there are virtually no more wars on the continent and that governments have made amazing progress in opening and strengthening investment climates.
Don't forget that the biggest economic growth sectors - the green energy economy and the ecosystem economy - are finding their hotspots in Africa.
The list of pros has now grown so much, that anyone with a keen sense of entrepreneurship knows that Africa is "it".
Ask the Chinese, they're the best entrepreneurs in the world. They're invading Africa by the millions.
Of course, old world Europeans and Americans have lost their sense of adventure and risk-taking. They are afraid to set foot on a continent they only know from gutter propaganda. But hey, nobody cares about these people. Euro-Americans don't really have a longterm future anyways. Let them stick to their certainties.
Some videos you wanna watch:
Euvin Naidoo: Africa as an investment
South African investment banker Euvin Naidoo explains why investing in Africa can make great business sense.
http://www.ted.com/index.php/talks/euvi ... frica.html
Ngozi Okonjo-Iweala: How to help Africa? Do business there
We know the negative images of Africa -- famine and disease, conflict and corruption. But, says Ngozi Okonjo-Iweala, there's another, less-told story happening in many African nations: one of reform, economic growth and business opportunity.
http://www.ted.com/index.php/talks/ngoz ... frica.html
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Re: Africa boom amidst global gloom
by lorenzo » Tue 14 Oct 2008, 18:08:29
$this->bbcode_second_pass_quote('Jotapay', '')$this->bbcode_second_pass_quote('lorenzo', '')$this->bbcode_second_pass_quote('Jotapay', '
')I guess if you can keep both your hands and the coked-up child soldiers don't get you.
')I guess if you can keep both your hands and the coked-up child soldiers don't get you.
You weren't in China in 1990 because your sources told you it's one big miserable begging bowl there.
Or possibly because I was just getting out of high school then and was doing an enormous amount of traveling abroad and getting drunk with interesting people.
Fair enough, make sure you're there then, in 2010.
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