Sensing an opportunity with the G-8 in disarray, China declared 2006 as the “Year for Africa” and convened an Africa Conference in Beijing in October. To feed the voracious appetite of its economic machine galloping at a dizzying 9 percent clip, China was trolling for resources in Africa. It wooed African leaders with euphonious verbiage […]
Tag: World Bank
First, the international efforts. Africa’s plight seems to follow a ten-year attention deficit cycle. Every decade or so, mega-plans are drawn up and rock concerts held to whip up international rescue mission for Africa. Acrimonious wrangling over financing modalities ensues. Years slip by and then a decade later, another grand Africa initiative is unveiled.First to […]