Africa: Rwanda as the new Singapore and the Sahel as the new Great Game between the superpowers. Now is the time to look at the front line of tech and conflict across a fast growing and young Continent.
The Trump org was fined for not reporting the value of a car properly. Why dont you make mention the current Occu-I-am-Trying-to-find-my-Pants has been proven to be grifting with son Hunter with the CCP, etc. Look I get it, you dont like, trust, whatever Trump. When you equate Trump org tax issues with Sam Conman Fried, it discredits your analysis. How do I trust whether your judgement is on, when what you cite is from NPR? Really Doc.... you're better than this. Other wise I appreciate your approach. Our government is behaving badly and really, some one of your caliber should see how dangerous the actions of Obama, Biden, HRC, Comey, Brennen, Clapper, Strozk, Page, etc are.... peace Doc
Africa and the "typhoon belt" have the best demographics for growth going forward. Europeans will probably need to forge some sort of post-colonial relationship with the continent if they are to maintain their quality of life. Interestingly I bought Jumia and have seen it drop off a cliff. Despite the obvious references to Amazon will keep the position. It is after all, the only African listed ADR on the NYSE. However Africa is far more the future than developed markets.
The owner of one of the largest television networks in Africa told me he would move his headquarters out of South Africa to Rwanda, but was concerned about the political blowback in SA if he made such a move. That says it all...he described the business environment in Rwanda as second-to-none on the continent.
Rwanda is a state dominated economy, where local business people are afraid to keep money in banks for fear of it being confiscated. The quality of local education is horrible, English language knowledge even among local management staff is very poor. It does not get better and it is not due to the genocide against the Tutsie.
There’s one thing you missed with Rwanda, the coming together to reconcile. The people so wounded on both sides having the opportunity to tell their stories and the other person on the opposite side asking for forgiveness and how sorry they were for the massacre. With out that Rwanda would still be in a civil war. Reconciliation brings peace and solace to forgive so they can walk a live as friends again.
It is going to be very difficult to do anything but applaud like trained seals when the subject of African investment comes up. Like ESG, it won't be possible to criticize without committing social seppuku. And while Rwanda's story is very inspiring, it's also a relatively tiny country in a very rough neighborhood. Not everyone can be Singapore. Somebody winds up being Laos. And there's plenty of non-Rwandan corruption to overcome.
And if China and Russia want to pour treasure into sub-Saharan Africa, believing it will gain them Prime Superpower status, it might not be a bad idea to step back and let them try. We could be truly cutthroat and nudge them to butt up against each other. Because there's a good chance that 30 or 40 years from now, they'll both slink back to their homelands mumbling "Africa wins again".
Agree. But check this out...