Thursday, May 05, 2005

The Africa you Never See

Consider a few facts: The Ghana Stock Exchange regularly tops the list of the world's highest-performing stock markets. Botswana, with its A+ credit rating, boasts one of the highest per capita government savings rates in the world, topped only by Singapore and a handful of other fiscally prudent nations. Cell phones are making phenomenal profits on the continent. Brand-name companies like Coca-Cola, GM, Caterpillar and Citibank have invested in Africa for years and are quite bullish on the future.
The failure to show this side of Africa creates a one-dimensional caricature of a complex continent. Imagine if 9/11, the Oklahoma City bombing and school shootings were all that the rest of the world knew about America.

(Washington Post)

3 comments:

Tom Gara said...

And thats ignoring North Africa, where some serious business is going down right now. Naguib Sawiris, on of Egypt's richest, smartest entrepreneurs, is leading a bid to buy Wind, the biggest mobile telecoms company in Italy. Sawiris is putting up somewhere around 3 billion euro of his own money, and has managed to get together about 7 billion euro more from equity funds etc...

Thats a big deal, by anyones standards, andf the fact that it is being led by an Egyptian is impressive. Sawiris is also doing deals all over Africa and the Middle East, including the lucrative payola contract to rebuild the Iraqi telecomms network.

And lets not forget the original Egyptian international businessman, Mohammed El Fayed, who owns some nice international cash cows like the Ritz Hotel in Paris, Fulham United football club in the English Premier League, and Harrods, the UK department store where the Queen does her christmas shopping. His son Dody was having a fling with Princess Diana at the time of both their deaths in the car accident in Paris.

Dody G. said...

i'm still alive.

dturk said...

dode you never told me you were with lady di. i wanted to get with prince william you could have helped. damn...