http://www.thewriterscoin.com/2007/12/29/investing-for-profit-in-africa/ Personal Finance, Writing, and Blogging Mon, 06 Oct 2008 17:00:00 +0000 http://wordpress.org/?v=2.6.2 http://www.thewriterscoin.com/2007/12/29/investing-for-profit-in-africa/#comment-301 k Mon, 28 Jan 2008 09:16:27 +0000 http://www.thewriterscoin.com/?p=151#comment-301 "how bad off Africa still is"..uhh, Africa is not a monolith. Please get that straight. There are many success stories across Africa, but there is so much residual damage from the greedy European predecessors that no one knows what the next move should be. Add to this the race by Europe, the West, and Asia's for Africa's natural resources. African countries' success lies in far more than charities, most of which waste so much in administrative fees/pay that they render themselves useless. Investing for profit will not solve problems for many African countries, unless investors are determined to adopt different business models and ETHICS separate from prior investors and greedy opportunists. “how bad off Africa still is”..uhh, Africa is not a monolith. Please get that straight. There are many success stories across Africa, but there is so much residual damage from the greedy European predecessors that no one knows what the next move should be. Add to this the race by Europe, the West, and Asia’s for Africa’s natural resources. African countries’ success lies in far more than charities, most of which waste so much in administrative fees/pay that they render themselves useless. Investing for profit will not solve problems for many African countries, unless investors are determined to adopt different business models and ETHICS separate from prior investors and greedy opportunists.

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