African Agriculture-The New Frontier of Global Investment

The world seems to be reminded on a daily basis of the growing investment potential in Africa & at the top of the list is the agricultural sector. It is less irony than sheer greed & lack of true global governmental compassion that the continent which has suffered thru famines & lack of clean water for generations of its people will be seen as the new frontier of global agricultural investments. The frontier is nothing new for Africans who have never had fair opportunity for internal development until it becomes economically profitable for the rest of the world. There is a new scramble for Africa from natural resources like gold, to telecommunications, to agriculture- the world is looking to Africa & it is about time that Africa finds & understands its worth to the world  & finding African solutions to Africa’s problems instead of it always being the world seeing its worth to Africa &  implementing western & eastern solutions to Africa’s problems. We all have something to share & learn from one another, but we must give credit where credit is due in order to have real partnership instead of marginalized efforts. The west can not be credited in bringing to Africa a green revolution which we invented as the common way of life from inception, where there is harmony & balance between humanity & the earth.Do we really need our former colonizers to come in to train us on how to feed ourselves? Has colonization stagnated our growth in such a way that we have literally become babies learning how to feed ourselves? Why do we look to the west with their dismal environmental & food recall records to build our agricultural sector  instead of looking to our living elders who have tilled the land generation after generation, pesticide & chemical free?

In the fight to reduce hunger and poverty around the world — part of the ambitious set of development targets known as the Millennium Development Goals — one country that really stands out for me is the West African nation of Ghana. Ghana’s progress has been remarkable. Between 1990 and 2004, Ghana outperformed all countries globally in reducing hunger by 75 percent. It’s also making great strides to reduce the number of people living in poverty…” READ MORE

Africa as a continent could be fully sufficient to feed itself, employ itself & raise itself, but the complacency & fear of everyday people, the corruption of our leaders & our addiction to foreign aid while not seeing our own self worth without foreign aid has kept us in the type of dependency that can never produce tangible large scale forward movement & change! We most look beyond our fears of what further obstacles true independence may bring & feed on the optimism of our youth who see the sky with no limits because of technological advances that have allowed them to influence & Africanize the world as much as the world has influenced & globalized Africa. In order for this forward thinking that will attain forward movement to take shape, the old way of thinking & doing the business of corruption must cease. As Liberian Activist,Kimmie Weeks says
Imagine if every young person on the continent of Africa stood up against corruption, it would end and our lives would be better even without international aid or intervention. We can do it ourselves.”

From now on – today – we must change our attitudes, our minds, we must realise that from now on, we are no more a colonial but a free and independent people. But also, as I pointed out, that also entails hard work.That new African is ready to fight his own battles and show that after all, the black man is capable of managing his own affairs. We are going to demonstrate to the world, to the other nations, that we are prepared to lay our own foundation. Our own African identity…. Freedom is not something that one people can bestow on another as a gift. Thy claim it as their own and none can keep it from them. We face neither East nor West: We Face Forward..THE SECRET OF LIFE IS 2 HAVE NO FEAR” Osageyfo Kwame Nkrumah

“Africa is turning into a fashionable post-crisis investment destination as investors regain their confidence and start to focus on the continent’s lack of direct involvement with the global market’s volatility drivers and trouble hotspots. Africa is benefiting not only from a resumption of international debt and equity flows; it is also a beneficiary of international efforts to maintain the flow of trade finance via multilateral guarantee programmes – 45 issuing banks from 27 countries in sub-Saharan Africa have joined the IFC’s trade finance programme, for example.At the same time, bilateral and multilateral development agencies are actively investing via an assortment of public and private-sector channels; the international capital markets pipeline is building – sovereign debt offerings on the docket for Nigeria, Senegal, Tanzania, and Zambia with Libya believed to be looking – while the slew of private equity and hedge funds being raised this year for Africa are seeing healthy interest from public-sector and private LPs. Investors are focusing broadly on Africa’s relative political stability, improving governance, more conducive policy and regulatory environment, as well as more transparent foreign investment regimes. At the macroeconomic level, above-average growth and low levels of government and corporate indebtedness add to the appeal. What’s key to much of the capital flowing into Africa is that it is supplemented by a support network of capacity building, advisory services, training, technology transfer, and infrastructure benefits.” READ MORE

Portugal, one of Europe’s ailing economies, is increasingly placing its hopes of recovery on Angola, a former colony that has established itself as one of the strongest economies in sub-Saharan Africa — thanks largely to oil and diamonds. The shift comes as competition is getting stiffer in Brazil, another booming former colony, and as Portugal’s traditional European trading partners, led by Spain, struggle under a mountain of debt and soaring joblessness. Angola has already become Portugal’s largest export market outside of Europe, accounting for 7 percent of Portuguese exports last year, compared with 1 percent in 2000, according to the Portuguese statistics institute and Eurostat, the European Union’s statistics agency..” READ MORE

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