Africa's Open For Business New Economic Opportunities In Sub-Saharan Africa
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Posted By: Carlton Banks on July 03, 2013 President Obama is opening economic doors in Sub-Saharan Africa. The start of the Second Decade of this Millennium has witnessed some major developments in Africa that has never been seen before thanks to President Obama at the helm of the most powerful country in the world. The Export/Import Bank of the United States has for the first time in its history, approved projects totaling more than $ 1 billion dollars of support (2011) to the exports of U.S. companies to sub-Saharan Africa. Presently our President is promoting economic opportunities between the U.S. and Sub Saharan Africa. Will Black America be ready for this great economic opportunity? Many interested parties are positioning themselves to make BILLIONS of dollars. Where will the African American (AA) business presence be. Will any Black financial institutions participate in any of these future business deals? I'm sorry to say that they will not, because these banks only operate on a REGIONAL basis. No Interstate Banking and No Global Banking means that you will only get the crumbs from the table and not a slice of the pie. I simply don’t understand why it’s taking our Black leadership so long to understand (40 years & AA’s have not witnessed any substantial financial progress) that if you have a weak banking system (Black banks) and a AA economy that does not invest in its self then you are not going to reap economic benefits for your communities or its residents. This is another reason why the Black unemployment rate around the country currently stays in the double digits! It’s time to build your ECONOMIC BASE to create some opportunities for yourself! There will be many new jobs available in Banking, Medicine, Politics and Business for the long term perhaps for the next half a century or more. Can you hear me HBCU Alumni and future graduates? Africa is one of the places you should be focusing on to increase your wealth if you have a business that can accommodate them. Currently six out of ten of the fastest growing economies in the world are in Africa! The following African countries have been targeted for investments: Angola, Cape Verde, Ghana, Liberia, Malawi, Mauritius, Mozambique, Nigeria, Rwanda, Senegal (West Africa), Sierra Leone, South Africa &Tanzania (East Africa If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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